Stocks In News, January 11: Uttam Sugar Mills, Dr Reddy’s, Sigachi Industries, PC Jeweller, Tata Motors – Explained!

Stocks in News Today, January 11: Stock markets are more likely to have a muted begin on Wednesday because the SGX Nifty – an early indicator of sentiment on the NSE Nifty50 – was nearly buying and selling flat at 17,981.5. The benchmark 30-share BSE Sensex and the broader 50-share NSE Nifty50 had ended 1 per cent decrease on Tuesday, dragged down by Reliance Industries and banking shares together with a weak development in European markets.

Meanwhile, Asian markets began Wednesday’s commerce greater with Hong Kong’s Hang Seng index gaining over 200 factors whereas Japan’s Nikkei 225 jumped round 280 factors. South Korea’s Kospi traded nearly flat.

U.S. shares ended greater on Tuesday as an indication of aid, that Federal Reserve Chair Jerome Powell refrained in a speech from commenting on fee coverage. Unofficially, the Dow Jones Industrial Average rose 187.9 factors, or 0.56 per cent, to 33,705.55, the S&P 500 gained 27.32 factors, or 0.70 per cent, to three,919.41, and the Nasdaq Composite added 106.98 factors, or 1.01 per cent, to 10,742.63.

Stocks in News Today, January 11

Dr Reddy’s: Theranica, a prescribed digital therapeutics firm growing superior neuromodulation units for migraine and different ache situations, has introduced a strategic license and provide settlement with Dr Reddy’s Laboratories Ltd. for the unique advertising and distribution of FDA-authorised Nerivio in India, topic to completion of the regulatory approval course of in India.

Uttam Sugar Mills: The firm’s board has authorised growing the day by day capability of its ethanol distillery in Barkatpur by 100 kilolitres. The distillery capability has been elevated to 250 kilolitres with a capex of Rs 56 crore.

Sigachi Industries Ltd: The board of the corporate has given approval for elevating funds by means of the difficulty of fairness or convertible warrants on a preferential foundation to the promoters and non-promoters. It will problem as much as 1.10 crore convertible warrants to the promoters at Rs 285.30 per share.

Tata Motors: The firm has accomplished the acquisition of Ford India’s manufacturing plant at Sanand via its subsidiary.

PC Jeweller: The Company has recorded a home turnover of Rs.829.10 crore within the quarter that ended December 31, 2022.

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[Disclaimer: This story was automatically generated by a computer program and was not created or edited by Journalpur Staff. Publisher: Journalpur.com]

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