At the closing bell, shares of the company were trading at Rs 1,816.25 per share, down 0.18 per cent with a spurt in volume by more than 10.55 times on BSE.

The company will invest Rs 150 crores to increase its overall shareholding in the key player in India's drone industry, offering a comprehensive range of Unmanned Aerial Systems (UAS) technology solutions, to 58 per cent.

The company is the only drone manufacturer to receive type certificates from DGCA for three drone models.

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The performance of the benchmark index might not appear fascinating but the truth is that it has relatively outperformed its western peers. With this relative outperformance, there was one group that soared over 45 per cent from last Diwali to this one (custom-made index of this group of stocks)

Considering a 50 per cent discount comes to Rs 8,510.10 crore. So, the standalone value of the business would be Rs 1,444 crore! Isn’t it amazing that we are getting the entire business at such a cheap valuation? 

Let’s check out the performance of Murugappa Group in three years.

Worries over interest rate hikes alarmed the investors during Friday's trading session. As a result, the benchmark indices started the trading session deep in the red. A sharp fall was seen in the US stocks as the market identified the need for a higher rate hike to sustain higher inflation levels affected the global markets with heavy selling.  

One of the most important reasons for the popularity of candlestick charting is the pictorial representations of stock prices and the way the market information is displayed; so that, traders can use maximum information to his or her advantage.A bullish pro gap is a two-candle pattern wherein, the first candle is a red candle, which is followed by a green candle that opens within the red real body and closes over prior open.