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Analysts believe the move will create shareholder value

chart

The state is consistently ranked among top three in terms of attracting capital investment including foreign direct investment

Shares of Coromandel International, Deepak Fertilisers, GSFC, Madras Fertilisers, National Fertilisers, RCF, and Zuari Agro Chemicals have soared up to 196 per cent so far this calendar year (CY22)

agriculture

Going forward, higher Agri commodity prices, Government agriculture focus, the expectation of a normal monsoon and higher reservoir levels bodes well for agriculture.

markets, indian markets, bse, nse, share markets, stock markets

Stocks to Watch Today: Bandhan Bank, Compton Greaves, HDFC AMC, HFCL, JSW Steel, Reliance Industries and UltraTech Cement to announce Q1 results on Friday.

gas, gas price

Gas related stocks are likely to benefit from the price hike on commercial LPG; Charts indicate fresh highs for select shares.

Image via Shutterstock

Select stocks have soared more than 50 per cent in the last one month riding the commodity boom.

Markets, bulls, bears, stocks, trading, technicals, market technical, technical analysis

The technical analyst also expects the Nifty to rally to 17,484 to 17,794; the support is now raised up to 17,100 level.

The technical analyst expects the Nifty to turn bearish below 16,555; whereas on the upside sees resistance around 16,927 and 17,040 levels.

Deepak Fertilisers has broken out of the consolidation range of Rs 390 to Rs 340 levels, and can rally up to Rs 450-odd levels.

GSFC restarts methanol plant after six years to aid import substitution

The 525-metric-tonnes-per-day unit was commissioned in 2013 and operated for 11 months before shutting down in April 2014 due to non-viability

The company's PAT for the corresponding period of the previous fiscal stood at Rs 97.91 crore, it said in a BSE filing.

Nifty is likely to face stiff resistance at 9,500

As per weekly option data, handful of put writing on lower strikes ranging from 9,200 to 9,400 is seen which shows Nifty would witness firm support in sub 9,200 zone

Gujarat State Fertilizer's Caprolactam plant

The state-run company had clocked a net profit of Rs 792.3 million in the same quarter of the previous financial year

The stock price of GVK Power & Infrastructure was locked in the 5% upper circuit for the eight day, trading at its highest level since September 2018 on the BSE

Sensex, Nifty, stock brokers

Meanwhile, companies like HP and Acer, which do not sell mobile phones in India, are likely to miss out

Apple iPhone

The restructuring exercise will be undertaken by Arjun Mohan, who was recently elevated as chief executive officer (CEO) of its India business, replacing Mrinal Mohit, according to the sources

Byju's

His three children - twins Akash and Isha (both 31) and Anant (28 years) - will get only a sitting fee and a commission on the profit earned by the firm

Reliance Industries chairman Mukseh Ambani and Nita Ambani's children, left to right, Akash, Isha and Anant Ambani. PTI: Photo

Isha, Akash and Anant Ambani

To borrow Rs 6.55 trillion in second half

money, cash, rupees

"The fact that over fifty visitors were able to raise slogans is a matter of grave concern. In response to this serious breach, Members from the opposition panics walked out in protest"

Priyanka Chaturvedi

IAS-turned-politician Sasikanth Senthil has been appointed as the Chairman of the Central War Room

Congress

All individual demat account holders and mutual fund investors have time till September 30, to nominate a beneficiary or opt out of it by submitting a declaration form, failing which their demat accounts and folios will be frozen, and they will not be able to redeem their investments.
This mandate applies to both new as well as existing investors, according to the Securities and Exchange Board of India (Sebi).
The move is aimed at helping investors to secure their assets and pass them on to their legal heirs.
"This will ensure smooth and hassle-free transfer of securities to the legal heirs of the investors in case of any unfortunate event," Tejas Khoday, co-founder and CEO at FYERS, said.
Under Sebi's rule, new investors must either nominate their securities or formally opt out of nomination through a declaration form when opening trading and demat accounts.
For existing investors, including jointly-held mutual fund folios, failing to meet this deadline will result in the freezin

Nominee

India kicked off the Asian Games on a sparkling note as the trio helped India to claim their first medal. Shah heaped praise on the shooters by saying that they have made the entire nation proud

Amit Shah

Kamboj recalled that India during the Covid-19 pandemic extended a helping hand by providing made-in-India vaccines to nearly 100 countries and supplying medicines to 150 nations

India's Permanent UN Representative Ruchira Kamboj

International credit agency Moody's Investors Service has made sweeping assertions against Aadhaar without citing any evidence, the Unique Identification Authority of India (UIDAI) said on Monday.
The UIDAI issued a strong rebuttal to Moody's Investors Service which claimed that the Aadhaar system often results in service denials and the reliability of biometric technologies, especially for manual labourers, in hot and humid climates is questionable.
"A certain investor service has, without citing any evidence or basis, made sweeping assertions against Aadhaar, the most trusted digital ID in the world. Over the last decade, over a billion Indians have expressed their trust in Aadhaar by using it to authenticate themselves over 100 billion times," the UIDAI said in a statement.
The unique id Aadhaar's custodian said that the report in question does not cite either primary or secondary data or research in support of the opinions presented in it.
"The investor service did not make any

Adhaar, UIDAI

The Nijjar murder is fast unfolding into treacherous scenarios that could have tragic consequences for both nations. No one stands to gain from the ongoing face-off

India Canada

The leaders of both countries should encourage bilateral trade and people-to-people exchanges that can help build bridges

India's rage is misplaced and hardly serves to endear the country to those appalled by the idea that it may have had a Canadian citizen killed

Canada has updated travel advisory for its citizens in India asking them to "stay vigilant and exercise caution" in the context of recent developments as there are calls for protests and some "negative sentiment" towards Canada on social media.
Tensions flared between India and Canada following Canadian Prime Minister Justin Trudeau's explosive allegations of a "potential" involvement of Indian agents in the killing of Khalistani extremist Hardeep Singh Nijjar, 45, on his country's soil on June 18 in British Columbia. India had designated Nijjar as a terrorist in 2020.
India angrily rejected the allegations as "absurd" and "motivated" and expelled a senior Canadian diplomat in a tit-for-tat move to Ottawa's expulsion of an Indian official over the case.
"In the context of recent developments in Canada and in India, there are calls for protests and some negative sentiment towards Canada on social media. Please remain vigilant and exercise caution," the Canadian government said in an

Chief Election Commissioner Rajiv Kumar on Tuesday signed a Memorandum of Understanding (MoU) with Electoral Commission Chairperson of Seychelles Danny Lucas on 'Electoral Cooperation' in the capital of Seychelles. The MoU was signed to boost the exchange of best practices in election management and training officials. Taking to their social media 'X', the Election Commission of India stated, "#ECI Expands Electoral Collaboration. CEC @rajivkumarec  &  Mr. Danny Lucas, Chairperson, Electoral Commission #Seychelles sign MoU on 'Electoral Cooperation' at Victoria, Seychelles. MoU to strengthen the exchange of best practices in election mgt.  &  training of officials." Indo-Seychelles relations have been characterised by close friendship, understanding and cooperation. To facilitate cooperation further a number of bilateral agreements/MOUs have already been signed during the last few decades. Earlier this year, Rajiv Kumar held productive discussions with the Chief Election ...

Rajiv

The National Investigation Agency on Wednesday is conducting major raids across 6 states in 3 cases at 51 locations belonging to associates of Lawrence, Bambiha and Arsh Dalla Gangs

In the wake of Canada's allegations about India's potential involvement in the killing of a Khalistani separatist on its soil, External Affairs Minister S Jaishankar has said that New Delhi conveyed to Ottawa that it is not the government of India's policy and it is open to looking at specific and relevant information in the case.
Yes, I do have a comment. I'll share with you very frankly what we told the Canadians, Jaishankar said during a conversation at the Council on Foreign Relations (CFR) here Tuesday when asked if he had any comment on the allegations by Canadian Prime Minister Justin Trudeau that agents of the government of India are linked to the killing of a Canadian Sikh.
"One, we told the Canadians that this is not the government of India's policy. Two, we told the Canadians saying that look, if you have something specific, if you have something relevant, let us know. We are open to looking at it, he said during a conversation with former US Ambassador to India and CFR ..

Sources privy to the development have informed ANI that 'One Nation One Election' would be beneficial not only in the national interest but would also save a lot of the financial reserves of the govt

Voting, elections, Polls, Votes

Catch all the latest live updates from around the world here

GSFC

New dividend, bonus share policy to create value for Gujarat PSUs: Analysts

Government of Gujarat promoted companies: A success story

Fall in RM costs, higher urea subsidy may buoy fertiliser stocks: Analysts

GSFC soars 15% as Q1 profit more-than-doubles; stock up 39% from June low

Stocks to Watch: RIL, ITC, CRISIL, PVR, GSFC, RBL Bk, Hindustan Zinc, Sugar

Trading Bets: GAIL India, Adani Total Gas, GNFC can gain up to 15%

Fertilizer shares in demand, zoom up to 20% amid supply worries

Vinay Rajani of HDFC Securities recommends buying GSFC, Gujarat Alkalies

Here's why Vinay Rajani of HDFC Securities is bullish on GSFC, Sun Pharma

Chart Check: Zuari Global, GSFC, Deepak Fertilisers can rally up to 18%

GSFC restarts methanol plant after six years to aid import substitution

Gujarat State Fertilizer's Q4 profit after tax declines 37% to Rs 62 cr

Nifty may face stiff resistance at 9,500 level: Gaurav Garg of CapitalVia

Gujarat State Fertilisers and Chemicals Q2 net profit jumps to Rs 2.24 bn