GR Infraprojects company announces completion of two projets

The Markets Today in a nutshell

• Domestic benchmark indices ended on a positive note.
• Investors resorted to value buying after last week’s steep correction. Global cues were positive after China announced further ease in COVID-19 restrictions. Metal shares rallied on Chinas plans to loosen Covid-19 restrictions further. China is the world’s largest consumer of industrial metals. On the other hand, FMCG and pharma shares corrected after last week’s defensive-buying induced rally.

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News you could use

? NTPC signs MOU with Maire Tecnimont Group to explore Green Methanol Production
The nations largest energy conglomerate said that it has signed a non-binding memorandum of understanding (MOU) with Tecnimont, Indian Subsidiary of Maire Tecnimont Group, Italy. The objective of the MOU is to jointly evaluate and explore the possibility to develop commercial scale Green Methanol Production facility at a NTPC project in India.

? Bank of Maharashtra raises Rs. 880; stock price up 5.8 percent
The state-backed lender said that it has raised Rs 880 crore through allotment of basel III compliant additional tier 1 (AT1) bonds to 9 allottees upon receipt of application money.

? GR Infraprojects company announces completion of two projets
The civil construction company on Monday announced that it has received two completion certificates for Madhya Pradesh-based projects awarded under the Bharatmala Pariyojana on EPC mode.

News from the IPO world?

• Radiant Cash Management Services IPO bought 53% till final day
• Adani Wilmar hits back-to-back 5% upper circuit in 2 days; best performing IPO in 2022
• SEBI may tighten norms for investments by mutual funds in IPO

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