Anupam Rasayan India Ltd, one of India’s leading custom synthesis and speciality chemical players on Tuesday announced that its Board of Directors has approved the acquisition of 24.96 per cent of the total equity shareholding of and joint control of Tanfac Industries Limited from Birla Group Holdings Private Limited (a promoter company which is part of Aditya Birla Group) and few other promoter group of TIL and the launching of an open offer under the Securities Exchange Board of India (Substantial Acquisition of Shares and Takeover) Regulations, 2011 to acquire a further 26 per cent shareholding from the public shareholders of TIL.

Robust performance continues, led by good demand in domestic and export markets. Performance in terms of volumes, sales, and profitability was driven by a mix of improved product mix and price realization. 

Budget 2022-23 is observed to be growth-inducing and does give a significant push to increase capital expenditure. The attention on boosting manufacturing while emphasising areas such as startups, modern mobility, and clean energy, shows the FM has prioritised long-term growth. 

Finance Minister Nirmala Sitharaman announced that the country expects a GDP of 9.2 per cent and this will lay the foundation for economic growth over the next 25 years. Inclusive development, productivity enhancement, energy transition, and climate action would be the four pillars of development. Budget 2022 seeks to lay the foundation to steer the economy over ‘Amrit Kaal’ for the next 25 years, from India at 75 to India at 100, continuing to build on the vision of Budget 2021.  

The bulls seem to be dominating the market on the budget day with the advance decline ratio clearly in the favour of the advances and 149 stocks making a fresh 52 week high.  

List of the futures contracts that are generating the highest as well as the lowest returns for the day.

BSE Small-cap index underperformed broader markets by recording gains of 0.99 per cent, closing at 29,226.73.

Cineline India, who carries on the business of building owning and operating multiplex theatres and entertainment centres is locked in a 4.98 per cent upper circuit in Monday's trading session. 

Board of Directors of the company at a meeting held on Friday, January 28, 2022, have, inter alia, considered and approved the sub-division/stock split of equity shares.

We have prepared a list of stocks, based on the T20 Breakout system, which has the potential to outperform in the near term.