Mahanagar Gas secures 26% increase in APM gas allocation

Shares of Mahanagar Gas Ltd ended at ₹1,273.20, up by ₹21.70, or 1.73% on the BSE.

Shares of Mahanagar Gas Ltd ended at ₹1,273.20, up by ₹21.70, or 1.73% on the BSE.

Shares of Samvardhana Motherson International Ltd ended at ₹148.70, down by ₹2.65, or 1.75% on the BSE.

The increase in allocation is expected to have a positive impact on the company. Shares of Adani Total Gas Ltd ended at ₹681.60, down by ₹22.60, or 3.21%, on the BSE.

EBITDA dropped 12.6% to ₹105.3 crore in the third quarter of this fiscal over ₹120.5 crore in the year-ago period. Shares of GTPL Hathway Ltd ended at ₹148.25, up by ₹12.20, or 8.97%, on the BSE.

Market sentiment is expected to react to TCS’s earnings announcement in early Friday trades, potentially setting the initial tone. For the week, the Nifty has declined over 2%.

Foreign institutional investors (FIIs) recorded their largest sell-off in the new year, offloading shares worth ₹7,171 crore on January 9. Domestic institutional investors (DIIs) countered with net purchases of ₹7,640 crore.

Polyplex Corporation has announced a ₹558 crore investment to expand its BOPET film production capacity by 52,400 MTPA.

For the first nine months of FY25, retail consumption stood at ₹10,504 crore, up 23% over the same period last year. Shares of Phoenix Mills Ltd ended at ₹1,649.50, down by ₹47.05, or 2.77%, on the BSE

The rupee recovered slightly from its record low and settled with a gain of 4 paise at 85.87 (provisional) against the US dollar on Thursday amid firm American currency and elevated level of crude oil prices.

The penalty, along with tax demand and applicable interest, relates to a dispute over input tax credit under Section 17(5) of the GST Act for FY 2017-18. Shares of Hindustan Zinc Ltd ended at ₹438, down by ₹6.20, or 1.40%,…