DSIJ Mindshare

The Lok Sabha elections are ongoing. With four phases of voting done already, the last of the votes will be cast on May 19 and on May 23, we would know who will represent India on the global front. The question here is why are elections so important for the markets. Will the elections be considered as an ‘event’ by the market participants or will it have a larger impact?

Sagar Cements has acquired 100 per cent shareholding in Jaipur Cements (JCPL) for setting up a greenfield cement grinding unit of 1.5 million ton capacity in Jaipur at a total cost of Rs. 308.10 crore. The process of setting-up of the said unit is being set in motion and will be completed by March 2021.

The stocks of L&T Technology Services Ltd has formed a bearish engulfing candle on a daily scale after touching horizontal trendline resistance, which indicates bears are taking control near the short term resistance.

GMR Infrastructure Limited made a public announcement that its associate company has successfully executed a resolution plan with the aim of debt reduction, on Friday.

Laurus Labs has reported a fall of 5.18 per cent in its net profit at Rs. 43.95 crore for the quarter as compared to Rs. 46.35 crore for the same quarter in the previous year.