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The day after Hindalco announced the acquisition its stock fell by 13% resulting in a US$ 600 million drop in market capitalisation. Shareholders criticised the deal but Kumar Mangalam Birla responded that he had offered a fair price for the company and stated, "When you are acquiring a world leader you will have to pay a premium." [8]
This is a list of companies listed on the National Stock Exchange of India (NSE). [1!–9. Symbol Company name NSE: 20MICRONS: 20 Microns Limited ... NSE: HINDALCO:
Aditya Birla Group has seven companies that are listed publicly, and their total market capitalisation as of March 2024 is over $100 billion. Notable group companies include UltraTech Cement, Hindalco, Novelis, Grasim, Aditya Birla Capital, Aditya Birla Fashion and Retail and Vodafone Idea. [9] [10]
After two consecutive years of more than 20% gains for the S&P 500 — an achievement not seen since the late 1990s — Wall Street strategists foresee a slower pace of gains for the benchmark ...
The stock price of the company, which helps businesses manage their customers, jumped 11%. Marvell Technology leaped even more after delivering better results than expected, up 23.2%.
The Dow's losses amount to roughly 3%, or more than 1,500 points, in the past nine trading sessions. The index has fallen from a record close of 45,014 on Dec. 4 to 43,499 as of Tuesday's close.
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Major stock indexes on Wall Street drifted to a mixed finish Friday, capping a rare bumpy week for the market. The S&P 500 ended essentially flat, down less than 0.1%, after wavering between tiny ...