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SC reports No Regulatory Failure in Adani Case; IT Dept hits Sharda Motor & Bharat Seats

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SC reports No Regulatory Failure in Adani Case; IT Dept hits Sharda Motor & Bharat Seats

Zee Entertainment Wins Case as NCLT Dismisses IDBI Bank's Insolvency Plea.

Tribe Wealth
May 19, 2023
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Market summary

Closing Bell: Nifty above 18200, BANKNIFTY above 43900 on weekly expiry, Sensex gains 300 pts, IT, Reality, Auto rally.🚀


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Market News

Supreme Court Panel Report Reveals Ownership Pattern of 42 Investors in FPIs.

Royal Enfield to Allocate Significant Capex for Electric Vehicle Expansion.

Setback for Tata Motors(+2.66%) as Supreme Court Upholds BEST's Decision in Tender Disqualification Case.

Income Tax Department Conducts Searches at Sharda Motor(-1.66%) & Bharat Seats.(-1.01%).

SC Report No Evidence of Regulatory Failure in Adani Price Manipulation Case.

Nexus Select Trust Lists on Stock Exchange with 3% Premium at Rs 103 per Share.

Route Mobile(+1.10%) achieves impressive Q4 net profit of ₹101.6 crore.

Revenue of West Coast(+0.55%) Papers Surges 27.2% in Q4.

SpiceJet(+1.93%) Faces De-registration of 3 Aircraft by DGCA.

Motherson Wiring(-0.87%) Net Profit at Rs 138.5 crore, Revenue Increases 12.2% to Rs 1,864.4 crore

Taj GVK(-2.15%) Net Profit Increases to Rs 14.4 crore, Revenue Surges 61.1% to Rs 103.6 crore

Alkem Labs(-0.73%) Q4 Earnings: Profit Declines 34.1% at Rs 70.9 crore, Revenue Rises 17% at Rs 2,902.6 crore

StridesPharma's(+2.59%) Facility Clears USFDA Inspection with Establishment Inspection Report.

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