Demand slowdown causes softness in crude oil prices, shares of OMCs, paints, cement and aviation may see action
Crude oil prices slipped by over 1.5% on Friday due to concerns over demand slowdown. The price of crude oil reached around $74 a barrel. The softness in crude oil prices may lead to some action in shares of OMCs, paints, cement, and aviation.
Gold prices remained flat, which may lead to some action in gold loan shares. Investors can keep an eye on CNBC-voice’s direct trading show, which suggested 20 stocks, including TVS Motor and Info Edge, for trading before the market opened.
SBI Life Insurance premium rises by 58% YoY in May
SBI Life Insurance’s premium rose by 58% YoY in May. The company’s 2M FY24 premium increased by 36%, and the May retail APE increased by 8%.
TVS Motors to buy an additional 25% stake in Swiss E-Mobility Group
TVS Motors will purchase an additional 25% stake in Swiss E-Mobility Group (SEMG) through its Singapore subsidiary. The company will buy a 25% stake at INR 47,232 per share, and SEMG will become a 100% subsidiary of TVS Motors.
Cochin Shipyard wins INR 300 crore project from Indian Navy
Cochin Shipyard has won an INR 300 crore project from the Indian Navy. The company has been declared the L1 bidder for the project.
Other stocks in the news
Ambalal Sarabhai Enterprises has started a new plant for oncology and synthetic API in Vadodara. CMS Info Systems saw buying interest from IIFL MF, SBI MF, Valuequest, Government Pension Fund Global, and Abu Dhabi Investment Authority. The stock of Dwarikesh Sugar may
Follow DelhiBreakings on Google News
Superfast News Coverage by DelhiBreakings.com team.
For Superfast national news and Delhi Breaking Stories visit us daily at https://delhibreakings.com
