DLF slumps as Haryana govt to investigate land deals
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Shares of DLF slumped nearly 6% to Rs 112 on reports that the new Haryana government will investigate into the land deals between the company and Congress president's son-in-law, Robert Vadra entered into during the regime of the previous Congress government.
It may be recalled that the Bharatiya Janata Party garnered a majority in the recently held state elections and Shri Manohar Lal Khattar took oath as Haryana Chief Minister on Sunday.
The stock opened at Rs 118 and touched a low of Rs 111 as of now. Over 6 million shares were traded on both the stock exchanges so far.
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India's Muthoot Finance is planning to raise funds through US dollar-denominated bonds maturing in three years and nine months and has provided initial guidance for a coupon of around 7.375 per cent, two bankers said on Tuesday.
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Odisha Chief Minister Naveen Patnaik on Monday alleged that his opponents remember the people of the state only during elections and have no sincerity towards them.
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Union Home Minister Amit Shah cast his vote at a polling booth in Ahmedabad under the Gandhinagar Lok Sabha constituency in Gujarat on Tuesday morning.
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Tech giant Microsoft Corporation recently acquired 48 acres of land in Hyderabad in a transaction estimated to be worth around Rs 267 crore.
The acquisition of the property was facilitated through Sai Balaji Developers, a land aggregator situated in Ranga Reddy district, as indicated in the documentation shared by data analytics company Propstack, according to a report in The Economic Times (ET).
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Shares of Shakti Pumps (SPIL) locked in the upper circuit for the fifth straight day, up 5 per cent at Rs 2,585.85 per share on the BSE in Monday's intraday deals. This came after the company reported a robust March quarter (Q4FY24) earnings and strong order book. In comparison, the S&P BSE Midcap and Smallcap index were down by 1 per cent.
The stock of the company is trading at its record high level and has rallied 28 per cent in past one week. Moreover, in the past 33 trading days, the stock has more than doubled or zoomed 104 per cent from Rs 1,121 on March 14, 2024.
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