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OYO CEO Ritesh Agarwal Advocates for Transparency in Shark Tank India Investments

OYO’s Ritesh Agarwal Joins Shark Tank India, Promises to Tackle Investment Delays

Business /

BUSINESS Last Updated: January 31, 2024, 10:02 AM IST. OYO’s Ritesh Agarwal Joins Shark Tank India, Promises to Tackle Investment Delays OYO CEO Ritesh Agarwal Advocates for Transparency in Shark Tank India Investments. Amidst the dynamic and competitive atmosphere of Shark Tank India, Ritesh Agarwal, the founder and CEO of OYO Rooms, emerges as the newest judge in the show’s third season. His entry into the reality show brings a fresh perspective and a commitment to enhancing transparency in the investment process. Having been recognized as one of the youngest self-made billionaires, Agarwal’s journey with OYO Rooms has significantly transformed the hospitality sector, mirroring the success of ventures like Airbnb. His approach to business and investments is marked by a deep understanding of entrepreneurial challenges and a resolve to address the complexities of start-up financing. Controversy, however, is not far behind. Allegations of delayed release of funds and discrepancies in deal closure have marred the show’s reputation. Entrepreneurs who have successfully pitched their ideas on Shark Tank India have voiced their concerns about the changing terms and re-negotiation of valuations. Agarwal acknowledges these issues and stresses the need for a more transparent investment process. “It is crucial to ensure detailed communication about the investments,” he remarked, highlighting the importance of understanding entrepreneurs’ shifting perspectives and financial estimates. The show has seen its share of disputes among the judges and participants. Former judge Ashneer Grover addressed the issue by suggesting that judges should secure funds in escrow prior to filming, ensuring that promises made on the show are backed by actual financial commitment. Agarwal, echoing this sentiment, believes in the significance of making the investment process as clear as possible to both the participants and the audience. In his role as a judge, Agarwal aims not just to invest but to add value to the entrepreneurs’ ventures, understanding the profound impact of investment decisions on start-ups. His vision for Shark Tank India is not only to offer financial support but also to serve as a platform where entrepreneurship is celebrated and nurtured. As the show progresses, Ritesh Agarwal’s presence promises a shift towards greater transparency and support for the entrepreneurial spirit, paving the way for a more trusting and fruitful investment environment.   Latest News Business OYO’s Ritesh Agarwal Joins Shark Tank India, Promises to Tackle Investment Delays January 31, 2024 // Business // Business Apeejay Surrendra Park Hotels Gears Up for IPO: A Strategic Leap with ₹920 Crore Offering January 31, 2024 // Business // Business NTPC’s Profits Surge by 7.3% in Q3, Announces ₹2.25 Dividend Amidst Revenue Dip January 31, 2024 // Business // Health World AIDS Day 2023: 35th Year in the Fight Against HIV December 1, 2023 // Health // Sports Australia’s Record 6th World Cup Win: Australia vs India World Cup Final Recap November 20, 2023 // Sports // Business News OYO’s Ritesh Agarwal Joins Shark Tank India, Promises to Tackle Investment Delays January 31, 2024 Apeejay Surrendra Park Hotels Gears Up for IPO: A Strategic Leap with ₹920 Crore Offering January 31, 2024 NTPC’s Profits Surge by 7.3% in Q3, Announces ₹2.25 Dividend Amidst Revenue Dip January 31, 2024 RBI’s New Twist in Personal Loan Policies: Higher Costs Ahead? November 17, 2023 Financial Challenges Shadow Miss Universe as JKN Global Grapples with Bankruptcy November 17, 2023 1 2 This Week Business Diwali Muhurat Trading 2023: Stock Market Gears Up for Auspicious Sunday Session November 12, 2023 // Business // Business,India,Latest News Investors’ Festival: Diwali Muhurat Trading Sparks Market Enthusiasm November 10, 2023 // Business,India,Latest News // Business Tata Power Faces Share Price Setback: Insights into the ₹248.15 Drop and the Factors Behind It November 9, 2023 // Business // Business [DRAFT] BUSINESS November 9, 2023 // Business //

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Apeejay Surrendra Park Hotels Gears Up for IPO A Strategic Leap with ₹920 Crore Offering

Apeejay Surrendra Park Hotels Gears Up for IPO: A Strategic Leap with ₹920 Crore Offering

Business /

BUSINESS Last Updated: January 31, 2024, 07:35 AM IST. Apeejay Surrendra Park Hotels Gears Up for IPO: A Strategic Leap with ₹920 Crore Offering Disclaimer: Information provided is for educational purposes only; do your own research. consult a professional before making investment decisions. Apeejay Surrendra Park Hotels, a distinguished entity in India’s hospitality sector, is set to make a notable entrance into the public market with its initial public offering (IPO) scheduled from February 5 to February 7, 2024. The IPO is ambitiously pegged at ₹920 crores, consisting of a fresh equity issue of ₹600 crores and an offer for sale (OFS) amounting to ₹320 crores. While the exact price range remains under wraps, a price band of ₹147-155 has been set, inviting investors to engage with the company’s promising prospects. The composition of the OFS is intriguing, with shares worth ₹296 crores being offloaded by the promoter, Apeejay Pvt Ltd, and additional shares being sold by RECP IV Park Hotel investors and co-investors. The company has thoughtfully allocated the IPO, reserving a substantial 75% for qualified institutional buyers, 15% for non-institutional investors, and 10% for the retail sector. Retail participants are encouraged to bid for at least 96 shares, necessitating an investment ranging from ₹14,112 to ₹14,880. Renowned as the eighth-largest hotel chain in India, Apeejay Surrendra Park Hotels manages an impressive network of 27 hotels, alongside 80 restaurants, nightclubs, and bars as of March 2023. The company’s venture into the retail food and beverage market with ‘Flurys’ signifies its strategic diversification and commitment to revenue growth. From a financial perspective, the company’s performance is commendable, with a revenue increase of 14% to ₹272 crores and a profit after tax boost of 24% to ₹22.9 crores for the six months concluding in September 2023. The capital raised from the IPO is principally designated for debt repayment and general corporate purposes, illustrating the company’s prudent financial stewardship. Key contributors to this significant financial event include JM Financial, Axis Capital, and ICICI Securities as the book-running lead managers, and Link Intime India as the registrar, ensuring a smooth and structured IPO process. Key Points to Note: IPO Schedule: February 5 to February 7, 2024. Price Band: ₹147-155. Company Portfolio: Eighth-largest hotel chain in India, with a broad array of hospitality and F&B offerings. Financial Highlights: 14% revenue growth and 24% increase in profit after tax for the six-month period ending September 2023. Strategic Use of Proceeds: Debt repayment and general corporate purposes. In essence, Apeejay Surrendra Park Hotels is gearing up for a strategic IPO, positioning itself to attract a broad spectrum of investors and fortify its presence in the hospitality industry. With a strong operational base, a diversified portfolio, and a clear financial roadmap, the company is set to make a significant impact as it debuts in the public market. Latest News Business Apeejay Surrendra Park Hotels Gears Up for IPO: A Strategic Leap with ₹920 Crore Offering January 31, 2024 // Business // Business NTPC’s Profits Surge by 7.3% in Q3, Announces ₹2.25 Dividend Amidst Revenue Dip January 31, 2024 // Business // Health World AIDS Day 2023: 35th Year in the Fight Against HIV December 1, 2023 // Health // Sports Australia’s Record 6th World Cup Win: Australia vs India World Cup Final Recap November 20, 2023 // Sports // World Elon Musk and the White House: A Collision Course over Hate Speech November 18, 2023 // World // Business News Apeejay Surrendra Park Hotels Gears Up for IPO: A Strategic Leap with ₹920 Crore Offering January 31, 2024 NTPC’s Profits Surge by 7.3% in Q3, Announces ₹2.25 Dividend Amidst Revenue Dip January 31, 2024 RBI’s New Twist in Personal Loan Policies: Higher Costs Ahead? November 17, 2023 Financial Challenges Shadow Miss Universe as JKN Global Grapples with Bankruptcy November 17, 2023 Diwali Muhurat Trading 2023: Stock Market Gears Up for Auspicious Sunday Session November 12, 2023 1 2 This Week Business,India,Latest News Investors’ Festival: Diwali Muhurat Trading Sparks Market Enthusiasm November 10, 2023 // Business,India,Latest News // Business Tata Power Faces Share Price Setback: Insights into the ₹248.15 Drop and the Factors Behind It November 9, 2023 // Business // Business [DRAFT] BUSINESS November 9, 2023 // Business //

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NTPC’s Profits Surge by 7.3% in Q3, Announces ₹2.25 Dividend Amidst Revenue Dip

Business /

BUSINESS Last Updated: January 31, 2024, 06:45 AM IST. NTPC’s Profits Surge by 7.3% in Q3, Announces ₹2.25 Dividend Amidst Revenue Dip NTPC Ltd, India’s leading state-owned power giant, has recently announced a commendable performance in its financial results for the third quarter ending December 31, 2023. The company reported a substantial 7.3% year-on-year increase in its consolidated net profit, reaching ₹5,208.9 crore. This financial upswing comes despite a slight dip in revenue, with consolidated revenue from operations experiencing a 4% decline, totaling ₹42,820.4 crore. Interestingly, the Board of Directors has declared a second interim dividend of 22.5% (₹2.25 per share) on the face value of paid-up equity shares of ₹10 each for the financial year 2023-24. This decision follows the first interim dividend of the same amount, declared and paid in the previous quarter of 2023. These consistent dividends reflect the company’s strong financial position and commitment to delivering shareholder value. While the net profit showed a robust increase, the operational earnings painted a different picture. The consolidated EBITDA (earnings before interest, tax, depreciation, and amortisation) declined by 21.5% to ₹11,362.2 crore. Additionally, the EBITDA margin also saw a decrease, standing at 26.5% in comparison to 32.5% in the same quarter of the previous fiscal year. Notably, NTPC’s performance in energy production and supply was particularly impressive. The company reported an increase in gross electricity generation, achieving 89.467 billion units during the third quarter, a significant jump from 78.646 billion units in the year-ago period. Moreover, the company’s coal output increased substantially, reaching 8.09 million metric tonnes (MMT) in the quarter, up from 5.35 MMT a year ago. These figures underscore NTPC’s capacity to meet the growing energy demands of the nation. However, the market response to these results was mixed. Following the announcement, NTPC shares fell by 1.2% on the NSE, indicating investor caution amidst the mixed financial outcomes. Despite this initial dip, the company’s long-term performance remains strong, with a 90% rally in the past year and a significant 128% increase in the last two years. NTPC’s latest quarterly results highlight its continued growth and resilience in the energy sector. The increased net profit amidst a challenging operational landscape demonstrates the company’s efficient management and strategic vision. As India’s energy demand continues to rise, NTPC’s role as a key player in the sector remains more critical than ever. Disclaimer: Information provided is for educational purposes only; do your own research. consult a professional before making investment decisions. Latest News Business NTPC’s Profits Surge by 7.3% in Q3, Announces ₹2.25 Dividend Amidst Revenue Dip January 31, 2024 // Business // Health World AIDS Day 2023: 35th Year in the Fight Against HIV December 1, 2023 // Health // Sports Australia’s Record 6th World Cup Win: Australia vs India World Cup Final Recap November 20, 2023 // Sports // World Elon Musk and the White House: A Collision Course over Hate Speech November 18, 2023 // World // Science & Tech,World OpenAI Faces Leadership Turmoil: Sam Altman Steps Down as CEO – What’s Next? November 18, 2023 // Science & Tech,World // International News NTPC’s Profits Surge by 7.3% in Q3, Announces ₹2.25 Dividend Amidst Revenue Dip January 31, 2024 RBI’s New Twist in Personal Loan Policies: Higher Costs Ahead? November 17, 2023 Financial Challenges Shadow Miss Universe as JKN Global Grapples with Bankruptcy November 17, 2023 Diwali Muhurat Trading 2023: Stock Market Gears Up for Auspicious Sunday Session November 12, 2023 Investors’ Festival: Diwali Muhurat Trading Sparks Market Enthusiasm November 10, 2023 1 2 This Week Business Tata Power Faces Share Price Setback: Insights into the ₹248.15 Drop and the Factors Behind It November 9, 2023 // Business //

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RBIs New Twist in Personal Loan Policies Higher Costs Ahead

RBI’s New Twist in Personal Loan Policies: Higher Costs Ahead?

Business /

BUSINESS Last Updated: November 17, 2023, 11:45 AM IST. RBI’s New Twist in Personal Loan Policies: Higher Costs Ahead? Recent Changes by the RBI: The Reserve Bank of India (RBI) has recently implemented new guidelines to address the risks associated with the surge in unsecured personal loans. These changes include increasing the risk weight on consumer credit from 100% to 125%. Previously, banks were required to maintain Rs 9 for every Rs 100 loaned; this requirement has now increased to Rs 11.25. The RBI has also adjusted the risk weights for credit card receivables and bank loans to non-banking financial companies (NBFCs) that have a risk weight below 100%. Exclusions and Nuances: Despite these changes, there are notable exclusions. The new guidelines do not apply to loans related to gold, housing, and micro, small, and medium enterprises (MSMEs), among others. Loans to housing finance companies and NBFCs classified as priority sectors remain unaffected. This nuanced approach indicates the RBI’s intent to target specific high-risk areas without disrupting other essential lending activities. Bankers’ Views on the Impact: Financial experts and bank officials have varied opinions on the impact of these new norms. While some see a potential increase in retail lending rates, others believe the effect might be more pronounced in the NBFC sector. A S Rajeev, MD & CEO of Bank of Maharashtra, points out that the impact of the new rules will primarily affect only a portion of the overall NBFC portfolio of banks. The Effect on Lending Rates and Market Dynamics: Higher capital requirements introduced by the RBI could lead to increased lending rates. This change might slow down growth in certain segments, though market demand and competitive factors also play a significant role in determining rates. The RBI’s decision reflects its concern over the rapid growth in unsecured loans, particularly in the retail sector. Credit Growth and Asset Quality: With bank credit growth and retail loans on the rise, particularly in credit card outstandings and loans to NBFCs, the RBI’s move seems focused on ensuring robust capital buffers and managing growth sustainably. Credit rating agencies like ICRA and Crisil Ratings interpret these measures as steps towards enhancing financial stability and preparing lenders for potential asset quality challenges. Looking Ahead: As financial institutions adapt to these new requirements, the landscape of lending, particularly in the consumer credit segment, is poised for a shift. Banks and NBFCs will likely recalibrate their strategies to align with the RBI’s guidelines, ensuring they maintain a healthy balance between growth and financial prudence. Latest News Business RBI’s New Twist in Personal Loan Policies: Higher Costs Ahead? November 17, 2023 // Business // Business Financial Challenges Shadow Miss Universe as JKN Global Grapples with Bankruptcy November 17, 2023 // Business // India Subrata Roy Passes Away: Sahara Group Founder’s Demise After Prolonged Illness in Mumbai November 15, 2023 // India // India Celebrating Children’s Day 2023: Honoring Jawaharlal Nehru’s Love for India’s Youth November 13, 2023 // India // India Shocking Gang Rape Incident at Agra Hotel: Five Arrested, Victim Fights for Justice November 13, 2023 // India // International News RBI’s New Twist in Personal Loan Policies: Higher Costs Ahead? November 17, 2023 Financial Challenges Shadow Miss Universe as JKN Global Grapples with Bankruptcy November 17, 2023 Diwali Muhurat Trading 2023: Stock Market Gears Up for Auspicious Sunday Session November 12, 2023 Investors’ Festival: Diwali Muhurat Trading Sparks Market Enthusiasm November 10, 2023 Tata Power Faces Share Price Setback: Insights into the ₹248.15 Drop and the Factors Behind It November 9, 2023 This Week No posts found.

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Financial Challenges Shadow Miss Universe as JKN Global Grapples with Bankruptcy

Financial Challenges Shadow Miss Universe as JKN Global Grapples with Bankruptcy

Business /

Miss Universo Anne Jakkaphong Jakrajutatip, CEO of the company that owns Miss Universe, presents an award during last year’s final ceremony in New Orleans. BUSINESS Last Updated: November 17, 2023, 10:45 AM IST. Financial Challenges Shadow Miss Universe as JKN Global Grapples with Bankruptcy JKN Global Group, owned by Thai media entrepreneur Anne Jakkaphong Jakrajutatip, is facing a severe financial crunch. The company’s struggles come to the forefront amidst the splendor of the upcoming Miss Universe pageant. Bangkok: JKN Global’s financial woes are deep, with a staggering debt of 7 billion baht ($197 million ≈ ₹20 crores) casting a shadow over its operations. This crisis peaked when the company sought bankruptcy protection in Thailand, a decision triggered by a missed payment on a debenture tranche. This incident has had a domino effect, leading to cross-defaults and escalating the company’s financial distress. JKN Global’s acquisition of the Miss Universe, Miss USA, and Miss Teen USA pageants in 2022 for $20 million was a strategic move to enhance its international presence. Anne Jakkaphong, a prominent figure in the LGBTQ community and one of the world’s wealthiest transgender women, aimed to elevate her brand through this acquisition. However, the purchase has become a challenging endeavor amidst the company’s mounting financial pressures. The pandemic era saw a surge in content consumption, prompting media companies, including JKN, to aggressively acquire and develop new content. However, as normalcy resumed and viewership waned, the value of these content inventories began to decline, impacting JKN’s financial health. With intangible assets like content rights and trademarks making up a significant portion of its portfolio, JKN is now grappling with the challenge of valuing these assets accurately. The company’s aggressive expansion, marked by frequent debenture issuances and acquisitions, has led to a negative cash flow situation, raising concerns among investors and market analysts. Anne Jakkaphong, known for her success in distributing international content to Thai audiences and vice versa, ventured into television and digital media, transforming JKN’s business model. This shift, however, brought new challenges, turning the company into a competitor in a highly dynamic media landscape. JKN’s financial disclosures have raised alarm bells, with a significant drop in advertising profits and mounting receivables. Despite these challenges, the company continued to invest in acquiring program rights, further straining its finances. Analysts are now questioning the wisdom of these decisions, particularly the acquisition of the Miss Universe pageant, in light of the company’s cash flow issues. As JKN prepares for the Miss Universe final, there’s anticipation about the potential financial relief it might bring. However, analysts remain cautious, suggesting that the expected revenues may not be sufficient to address the company’s long-term financial obligations. Anne Jakkaphong’s rise to prominence, marked by her success in bringing diverse international content to Thai audiences, has been a notable journey. Her stake in JKN and her ambitious endeavors reflect her commitment to expanding Thailand’s presence in the global media landscape. However, the current financial challenges pose a significant hurdle in this journey. Latest News Business Financial Challenges Shadow Miss Universe as JKN Global Grapples with Bankruptcy November 17, 2023 // Business // India Subrata Roy Passes Away: Sahara Group Founder’s Demise After Prolonged Illness in Mumbai November 15, 2023 // India // India Celebrating Children’s Day 2023: Honoring Jawaharlal Nehru’s Love for India’s Youth November 13, 2023 // India // India Shocking Gang Rape Incident at Agra Hotel: Five Arrested, Victim Fights for Justice November 13, 2023 // India // Entertainment Tiger 3 Roars at the Box Office: Salman Khan’s Biggest Opener Ever! November 13, 2023 // Entertainment // International News Financial Challenges Shadow Miss Universe as JKN Global Grapples with Bankruptcy November 17, 2023 Diwali Muhurat Trading 2023: Stock Market Gears Up for Auspicious Sunday Session November 12, 2023 Investors’ Festival: Diwali Muhurat Trading Sparks Market Enthusiasm November 10, 2023 Tata Power Faces Share Price Setback: Insights into the ₹248.15 Drop and the Factors Behind It November 9, 2023 This Week No posts found.

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Diwali Muhurat Trading 2023 Stock Market Gears Up for Auspicious Sunday Session

Diwali Muhurat Trading 2023: Stock Market Gears Up for Auspicious Sunday Session

Business /

BUSINESS Last Updated: November 12, 2023, 08:12 PM IST. Diwali Muhurat Trading 2023: Stock Market Gears Up for Auspicious Sunday Session Diwali Muhurat Trading 2023 brought a wave of positivity to the Indian stock market, as the special one-hour trading session witnessed robust gains. The National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) both registered substantial upticks, closing with benchmark indices, S&P BSE Sensex and NSE Nifty 50, up by nearly 0.55 percent. Muhurat Trading Session: The Diwali Muhurat trading session commenced at 6:00 PM and concluded at 7:15 PM, providing a glimpse of what’s in store for Samvat 2080. Market participants engaged in various segments, including equities, commodity derivatives, currency derivatives, equity futures and options, and securities lending and borrowing (SLB). Market Performance: As the Muhurat trading session came to a close, the S&P BSE Sensex notched up impressive gains, surging by 354.77 points to settle at 65,259.45. Simultaneously, the NSE Nifty 50 gained 100.20 points, closing above the coveted 19,500 mark at 19,525.55. The Bank Nifty index also displayed strength, closing 0.40 percent higher at Rs 43,996.55. Furthermore, the Nifty Small-cap Index celebrated a significant milestone by reaching a new 52-week high. Midcap and Smallcap stocks primarily fueled the broader indices, with Metal and IT sectors leading the charge. Notable gainers included Coal India, UPL, Infosys, Eicher Motors, and Wipro, while Britannia Industries, Sun Pharma, Apollo Hospitals, Bajaj Finserv, and LTI Mindtree faced some setbacks. Diwali Muhurat Trading Traditions: Diwali, the festival of lights, not only signifies the victory of light over darkness but also holds a special place in the hearts of traders and investors in India. The Muhurat trading session on this auspicious day is a time-honored tradition that sets the tone for the year ahead in the financial markets. It is believed that trading during this sacred hour brings prosperity and wealth. Current Year’s Optimism: The positive sentiment prevailing during this year’s Diwali Muhurat Trading is attributed to several factors. These include the Federal Reserve’s efforts to ensure a “soft landing,” robust GST numbers, active retail participation, easing tensions in the Middle East, and declining WTI oil prices. Prashanth Tapse, Senior Vice President at Mehta Equities Ltd., expressed optimism about the horizon of Samvat 2080, suggesting that investors accumulate value picks with strong fundamentals for potential growth. The Diwali Muhurat Trading session of 2023 has set a promising tone for Samvat 2080, bringing hope and prosperity to the Indian stock market. As we bid farewell to Samvat 2079, the market’s bullish outlook is fueled by a combination of global and domestic factors. This auspicious session marks not only the beginning of a new Hindu calendar year but also a fresh start for investors and traders alike. Disclaimer: Information provided is for educational purposes only; do your own research. consult a professional before making investment decisions. Latest News Business Diwali Muhurat Trading 2023: Stock Market Gears Up for Auspicious Sunday Session November 12, 2023 // Business // Sports India vs Netherlands Cricket World Cup 2023: Shreyas Iyer and KL Rahul Shine as India Posts Record-Breaking Total November 12, 2023 // Sports // India Diwali 2023: Shubh Muhurat and Puja Timings November 12, 2023 // India // India Diwali 2023 Celebrations: Auspicious Timings for Laxmi Puja, Prosperity and Peace November 12, 2023 // India // Sports Real Madrid Dominates Valencia: Vinicius Jr Shines as Los Blancos Thrash Opponents 5-1 November 12, 2023 // Sports // International News Diwali Muhurat Trading 2023: Stock Market Gears Up for Auspicious Sunday Session November 12, 2023 Investors’ Festival: Diwali Muhurat Trading Sparks Market Enthusiasm November 10, 2023 Tata Power Faces Share Price Setback: Insights into the ₹248.15 Drop and the Factors Behind It November 9, 2023 This Week No posts found.

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muhurat trading 2023 stock market Indo Gazette

Investors’ Festival: Diwali Muhurat Trading Sparks Market Enthusiasm

Business, India, Latest News /

BUSINESS Last Updated: November 10, 2023, 03:00 PM IST. Investors’ Festival: Diwali Muhurat Trading Sparks Market Enthusiasm As the festival of lights, Diwali, approaches, the schedule for Diwali Muhurat Trading has been announced. Diwali, the festival of lights, brings with it the tradition of Muhurat Trading, a special time designated for stock market activities. Diwali 2023 Muhurat Trading Time: On Diwali day, the stock markets will open for Muhurat Trading for just one hour, considered an auspicious time that brings prosperity and wealth. This year, both the NSE and BSE will be open from 6:00 PM to 7:15 PM on Sunday, extending the usual trading days from Monday to Friday. Investors eagerly await this special one-hour trading window, a tradition observed every Diwali, showcasing the festive spirit in the Indian stock market. Diwali Trading Tradition: Diwali is celebrated with enthusiasm in the stock market, creating a festive atmosphere and boosting business activities. Since 2008, Muhurat Trading has closed positively for 12 out of 15 consecutive years. This day marks the beginning of a new financial year, with businesses starting fresh by initiating new accounts. This year, the Muhurat Trading session is expected to strengthen market records in addition to marking the commencement of Vikram Samvat 2080. Significance of Diwali Muhurat Trading: Investors believe that trading during this auspicious time sets the tone for a financially successful year ahead. This traditional practice has been prevalent in the Indian stock market for a significant period, aligning with the cultural and spiritual aspects of Diwali. Muhurat Trading symbolizes the hope for prosperity and good fortune. Market Outlook for Muhurat Trading:  Over the last five years, Sensex has consistently surged during Muhurat Trading. In 2022, it witnessed a remarkable 524-point jump within the one-hour trading period. Similarly, in 2021, Sensex ended with a gain of 296 points. Experts predict another surge in Sensex during this year’s Diwali Muhurat Trading, aligning with the positive trend observed in previous years. Disclaimer: Information provided is for educational purposes only; do your own research. consult a professional before making investment decisions. Latest News Business,India,Latest News Investors’ Festival: Diwali Muhurat Trading Sparks Market Enthusiasm November 10, 2023 // Business,India,Latest News // India Clearing the Skies: Delhi’s Groundbreaking Move to Tackle Air Pollution with Artificial Rain November 10, 2023 // India // International End of an Era: Omegle Shuts Down Amidst Controversy and Calls for Online Safety November 9, 2023 // International // Business Tata Power Faces Share Price Setback: Insights into the ₹248.15 Drop and the Factors Behind It November 9, 2023 // Business // Business [DRAFT] BUSINESS November 9, 2023 // Business // Related News Investors’ Festival: Diwali Muhurat Trading Sparks Market Enthusiasm November 10, 2023 Business,India,Latest News BUSINESS Last Updated: November 10, 2023, 03:00 PM IST. Investors’ Festival: Diwali Muhurat Trading Sparks Market Enthusiasm As the festival of… Tata Power Faces Share Price Setback: Insights into the ₹248.15 Drop and the Factors Behind It November 9, 2023 Business BUSINESS Last Updated: November 09, 2023, 05:45 PM IST. Tata Power Faces Share Price Setback: Insights into the ₹248.15 Drop and the Factors Behind It… [DRAFT] BUSINESS November 9, 2023 Business BUSINESS Last Updated: November 09, 2023, 05:45 PM IST. Add Your Heading Text Here Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit… This Week Business,India,Latest News Investors’ Festival: Diwali Muhurat Trading Sparks Market Enthusiasm November 10, 2023 // Business,India,Latest News // India Clearing the Skies: Delhi’s Groundbreaking Move to Tackle Air Pollution with Artificial Rain November 10, 2023 // India // International End of an Era: Omegle Shuts Down Amidst Controversy and Calls for Online Safety November 9, 2023 // International // Business Tata Power Faces Share Price Setback: Insights into the ₹248.15 Drop and the Factors Behind It November 9, 2023 // Business // Business [DRAFT] BUSINESS November 9, 2023 // Business //

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Tata Power Faces Share Price Setback: Insights into the ₹248.15 Drop and the Factors Behind It

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BUSINESS Last Updated: November 09, 2023, 05:45 PM IST. Tata Power Faces Share Price Setback: Insights into the ₹248.15 Drop and the Factors Behind It In the latest market update, Tata Power’s share price stands at ₹248.15, reflecting a decline of -2.65% from yesterday’s closing at ₹254.95.  Key Share Price Details: Close: ₹249.1, High: ₹254, Low: ₹247.2 Open: ₹249.95, High: ₹252.00, Low: ₹248.90, Prev Close: ₹249.55 Trading at Rs 249.60, marking a -2.08% decrease compared to the last closing price Performance: 22.75% increase this year, 7.62% in the last 5 days Market Capitalization: Rs. 78.41 trillion crore 52-week High: ₹269.70, 52-week Low: ₹89.95 PB Ratio: 2.64 Possible Reasons for Share Price Decline: Asset Monetization Impact (June 2023): Reports on asset monetization led to a more than 3% drop in Tata Power’s shares. Global Coal Cost Influence: Falling global coal costs affected Tata Power, as noted by research analyst. Greener Future Challenges: Concerns about limited growth in Tata Power, attributed to efforts towards a greener future. Mundra Unit Operation Issues (March 2023): Tata Power might face challenges operating its 4,000 MW Mundra unit without clearing dues from distribution companies. Outstanding Dues to Coal Sector: The Coal Ministry disclosed that the power sector owed approximately Rs 20,342.56 crore to coal PSUs. Demand-Supply Gap: Despite the rising demand for power in India, Tata Power faced challenges in capitalizing on this trend. Broader Market Factors: Geo-Political Tensions: The Israel-Hamas war and its impact on global markets. Currency Strength: The strength of the US dollar affecting Indian markets. Foreign Institutional Investors (FIIs) Selling: Selling activities by FIIs contributing to market fluctuations. Q2 Results 2023 Below Estimates: Disappointing Q2 results in 2023 influencing market sentiment. Rising Inflation Concerns: Growing concerns about inflation adding to the market downturn. Stay tuned for further updates on Tata Power and the dynamic stock market landscape. Disclaimer: Information provided is for educational purposes only; do your own research. consult a professional before making investment decisions. Latest News India [DRAFT] INDIA November 9, 2023 // India // Business Tata Power Faces Share Price Setback: Insights into the ₹248.15 Drop and the Factors Behind It November 9, 2023 // Business // Related News [DRAFT] INDIA November 9, 2023 BUSINESS Last updated:Last Updated: November 09, 2023, 05:45 PM IST. Add Your Heading Text Here Lorem ipsum dolor sit amet, consectetur adipiscing… Tata Power Faces Share Price Setback: Insights into the ₹248.15 Drop and the Factors Behind It November 9, 2023 BUSINESS Last Updated: November 09, 2023, 05:45 PM IST. Tata Power Faces Share Price Setback: Insights into the ₹248.15 Drop and the Factors Behind It… This Week India [DRAFT] INDIA November 9, 2023 // India // Business Tata Power Faces Share Price Setback: Insights into the ₹248.15 Drop and the Factors Behind It November 9, 2023 // Business //

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