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<ul><li><keyword id="35210" type="General" weightage="20" keywordseo="sebi" source="Orion">SEBI</keyword> has asked bankers of <keyword id="53343" type="General" weightage="20" keywordseo="ruchi-soya" source="Orion">Ruchi Soya</keyword> to allow investors to withdraw their bids in its follow-on public offer (FPO).</li><li>Also, asked the firm to send SMS to all applicants cautioning them about "circulation of unsolicited SMS" about the share sale.</li><li>On the other hand, the Baba Ramdev-led company has denied sending advertising messages to users and also filed an FIR against it.</li><li>However, should investors be worried about the move and take their bids back? Here are the details on the matter.</li></ul>Yoga guru Baba Ramdev’s Patanjali Group firm Ruchi Soya Industries just caught itself in a tangle with markets regulator Securities and Exchange Board of India (SEBI). The regulator has taken a rare step allowing investors to withdraw their bids from Ruchi Soya’s follow-on public offer (FPO). So what happened? The market regulator has found Baba Ramdev-owned company sending unsolicited promotional messages to its users to invest in its company Ruchi Soya’s shares through its FPO. According to a report by Mint, the message reads like this -- “Great news for all beloved members of Patanjali parivar. A good investment opportunity in Patanjali Group. Patanjali Group company—Ruchi Soya Industries Ltd—has opened the follow-on public offer (FPO) for retail investors. The issue closes on 28 March 2022. This is available in the price band— ₹615-650 per share , i.e., discount of about 30% to market price. You can apply for shares through your bank/ broker/ ASBA/UPI in your demat account". As soon as SEBI found this, it asked Ruchi Soya to open a window to allow applicants to withdraw their bids if they want, thinking many investors may have invested in the influence of the SMS. Not only did SEBI allow investors to withdraw bids, it directed the lead banking managers of the FPO to issue a notice to all investors in the form of newspaper advertisements, cautioning them about the circulation of such unsolicited SMSes, on Tuesday and Wednesday. Along with it, SEBI even directed to add the procedure for withdrawal by applications in the newspaper advertisements. The strong move by SEBI was to protect investors from investing under influence. An SMS has also been sent to all the applicants informing them about the additional window provided to withdraw their bids. Apparently, this is not the first time Ruchi Soya had an issue with the regulator. In October 2021, Baba Ramdev urged his audience to invest in Ruchi Soya stock during a yoga session. Later the video went viral, initiating a warning from SEBI. About <keyword id="10281652" type="General" weightage="20" keywordseo="ruchi-soya-fpo" source="Orion">Ruchi Soya FPO</keyword> The company came up with FPO to pay off huge debt and thereby cutting promoter shareholding in the company in compliance with SEBI norms. The company is one of the leading fast moving consumer goods (FMCG) brands in the Indian edible oil sector and also one of the largest manufacturers of soya foods. Should Ruchi Soya investors be worried? “They (Ruchi Soya) are now planning to rebuild the price. Although all of this may be a conspiracy since they already know the rules, I believe they are mature enough to get out of such a situation,” Ravi Singhal, vice chairman of GCL securities Limited said. What does Ruchi Soya have to say on this? The Baba Ramdev led company has denied sending advertising messages to users and also filed a first information report (FIR) against the circulation of unsolicited SMS advertising the company's FPO. “We understand that there are SMS/messages in circulation in social media, speculating about investment in our Company’s issue and about equity shares of our Company being available at discount to market price (“Message”). We wish to bring to attention of the investors that this message has not been issued by company or any of our Directors, Promoters, Promoter Group or Group Companies,” the company said in a BSE statement. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/startups/news/qure-ai-raises-40-million-to-expand-its-presence-in-us-and-europe/articleshow/90514343.cms">Qure.ai raises $40 million to expand its presence in US and Europe</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/auto/news/hero-motocorp-shares-tank-7-after-it-raid-reveals-1000-crore-bogus-expenses/articleshow/90509825.cms">Hero MotoCorp shares tank 7% after IT raid reveals ₹1,000 crore bogus expenses</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/careers/news/naukri-coms-latest-report-reveals-that-6-in-10-companies-will-be-hiring-in-the-next-three-months/slidelist/90516922.cms">Naukri.com’s latest report reveals that 6 in 10 companies will be hiring in the next three months</a>

SEBI allows investors to withdraw bids in Ruchi Soya FPO. Should applicants be worried?

<ul><li>Picked up by <keyword id="6356684" type="UNKNOWN" weightage="20" keywordseo="patanjali">Patanjali</keyword> Ayurved during insolvency proceedings in December 2019, the <keyword id="53343" type="COMPANY" weightage="20" keywordseo="Ruchi-Soya">Ruchi Soya</keyword> stock has rocketed to ₹1,431 from just ₹16.9 on January 27 when it was relisted. </li><li>The massive surge in its share price might have made its investors happy, but analysts are sounding the alarms and seeking a probe by the Securities Exchange Board of India (SEBI). </li><li>In the 104 trading sessions since relisting, Ruchi Soya’s market capitalisation has grown from ₹500 crore to ₹42,700 crore. </li></ul>The Ruchi Soya stock is a tale of multibaggers that will be told for years to come. Investors who haven’t been able to buy the stock are regretting, while the lucky ones rejoice. Analysts, however, want a probe into the stock by the Securities Exchange Board of India (SEBI). Ruchi Soya is a tale of springing back to life after nearly dying. One of the largest manufacturers of edible oil, Ruchi Soya went bankrupt last year, only to be <a href="https://www.businessinsider.in/business/news/patanjali-ayurved-completes-acquisition-of-bankrupt-ruchi-soya-for-rs-4350-cr/articleshow/72873511.cms">picked up by Patanjali Ayurved</a> during insolvency proceedings in December 2019. The restructuring that followed helped Ruchi Soya shed over ₹9,300 crore of debt. The company’s stock was relisted on January 27, after which it surged by 8,400% in 104 trading sessions, going from ₹16.9 to ₹1,431. <div type="image" title="Ruchi Soya share price in 2020" msid="76688592" hostid="261" caption="&amp;lt;p&amp;gt;Ruchi Soya share price in 2020&amp;lt;/p&amp;gt;"></div> <div type="Article" hostid="261" msid="76294547" title="These four stocks have doubled investor wealth in the last three years" mstype="2" mssubtype="0"></div> Why did the Ruchi Soya stock grow by 8,400%? So what’s behind this massive rally in the company’s stock price? A hope of a turnaround? 99.03% (nearly 29 crore shares) of Ruchi Soya’s shares are held by fifteen Patanjali group companies, leaving 0.97% (28 lakh shares) to the public. Out of these, only 10,000-15,000 shares are traded daily on an average, making it difficult for retail investors to buy in. This has sent the stock price rocketing from just ₹16.9 to ₹1,431 as of June 29, resulting in a growth of over 84 times. One of the factors contributing to the seemingly never-ending rally in the Ruchi Soya stock is the scarce supply of shares, and people <a href="https://economictimes.indiatimes.com/markets/stocks/news/after-8818-rally-in-103-days-ruchi-soya-faces-red-flag-analysts-want-a-sebi-probe/articleshow/76683745.cms">clamouring</a> to buy whatever shares they can get their hands on. This cycle has been running almost non-stop for over 100 days now. “Low free float is the primary reason for the surge in the shares of Ruchi Soya. Sebi should do some investigation and try to identify who are the buyers and why are they acquiring these shares,” independent market analyst Ambareesh Baliga <a href="https://economictimes.indiatimes.com/markets/stocks/news/after-8818-rally-in-103-days-ruchi-soya-faces-red-flag-analysts-want-a-sebi-probe/articleshow/76683745.cms">told</a> Economic Times. Another analyst too called for an investigation by SEBI. “SEBI should investigate why promoters are holding 99% stake even after five months of relisting,” Arun Kejriwal, director at Mumbai-based investment advisory firm Kris, told ET about the demand-supply situation that is driving up the share price of Ruchi Soya. Reverse merger of Patanjali on the cards? Another factor that has fuelled this demand for the company’s shares is the hopes of a reverse merger of Patanjali Ayurved with Ruchi Soya, which would give shareholders an early entry into the emerging fast-moving consumer goods (FMCG) player. The insolvency resolution plan put forward by the Patanjali group included the reverse merger of Patanjali Consortium Adhigrahan with Ruchi Soya. The Baba Ramdev-led Patanjali group is <a href="https://health.economictimes.indiatimes.com/news/industry/patanjali-group-eyes-to-be-rs-40000-crore-company-in-2020-21-aims-to-be-largest-fmcg-firm/73602461">targeting</a> a turnover of over ₹40,000 crore next year, and ₹50,000 to ₹1 lakh crore in the next five years. With this, it is taking an aim at Hindustan Unilever (HUL) which is the current leader in the FMCG segment. Ruchi Soya’s current market capitalisation stands at ₹42,700 crore, a 84 times jump from its ₹500 crore market cap in January 2020. In comparison, HUL is currently trading between ₹2,150-2,200, and has a market capitalisation of over ₹5 lakh crore. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/markets/news/sebi-has-ordered-a-special-audit-of-the-six-debt-funds-shut-down-by-franklin-templeton-in-may/articleshow/76148899.cms">SEBI orders special audit of Franklin’s six debt funds – with ₹30,800 crore wealth locked in, wary investors demand reopening</a> <a href="https://www.businessinsider.in/stock-market/markets/news/heres-what-will-move-sensex-and-nifty-50-this-week/articleshow/76684812.cms">Macro-economic data, auto sales and a continued rise in COVID-19 cases – here’s what will move Sensex and Nifty 50 this week</a> <a href="https://www.businessinsider.in/stock-market/markets/news/indusind-bank-godrej-apollo-tyres-some-of-the-biggest-gainers-in-june-are-stocks-where-promoters-have-raised-stakes/articleshow/76353024.cms">IndusInd Bank, Godrej, Apollo Tyres – some of the biggest gainers in June are stocks where promoters have raised stakes</a>

The Ruchi Soya stock has grown by 8,400% in 104 days – while investors rejoice, analysts want a SEBI probe

FMCG company Ruchi Soya, which was taken over by <keyword id="6355107" type="COMPANY" weightage="20" keywordseo="Baba-Ramdev">Baba Ramdev</keyword>'s <keyword id="6356684" type="UNKNOWN" weightage="20" keywordseo="patanjali">Patanjali</keyword> Ayurveda under the Insolvency and Bankruptcy Code (IBC), plans to go ahead with a further public offering (FPO) in a bid to raise more funds. The move would also allow the company to meet SEBI's minimum public shareholding norms. In a regulatory filing on Sunday, Ruchi Soya said that the Issue Committee, constituted by the board, on June 12 approved the raising of funds and also approved the draft red herring prospectus to be filed with the capital market regulator. "We wish to inform you that the Issue committee constituted and authorised by the Board of Directors of the Company, by way of a circular resolution dated June 12, 2021, has approved (i) raising of funds by way of further public offer of equity shares of the Company and (ii) the Draft Red Herring Prospectus dated June 12, 2021 ('DRHP') for filing with Securities and Exchange Board of India ('SEBI') and BSE Limited and National Stock Exchange of India Limited," it said. Industry sources suggested that the company has filed the draft prospectus with SEBI and may raise around Rs 4,300 crore through the FPO. The share issue would also help the company achieve the SEBI's minimum public shareholding norms. As per the data on the BSE website, as of March 31, 2021, promoters held 98.90 per cent shares in the company. At the end of the day's trade on Friday, shares of Ruchi Soya on the BSE were at Rs 1,242.35, higher by Rs 3.50, or 0.28 per cent, from its previous close. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/india/news/delhi-unlock-restaurants-to-reopen-with-50-capacity-malls-markets-to-open-daily-says-arvind-kejriwal/articleshow/83479496.cms">Delhi unlock: Restaurants to reopen with 50% capacity; malls, markets to open daily, says Arvind Kejriwal</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/cryptocurrency/news/weekly-crypto-roundup-wazirx-under-scrutiny-el-salvador-makes-bitcoin-legal-tender-and-more/slidelist/83478577.cms">Weekly crypto roundup: WazirX under scrutiny, El Salvador makes Bitcoin legal tender and more</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/dodla-dairys-520-crore-ipo-is-set-to-hit-the-market-on-june-16-check-out-all-details/articleshow/83433293.cms">Dodla Dairy's ₹520 crore IPO isn't to expand into new markets, but to strengthen its foothold where it already exists</a>

Baba Ramdev and Patanjali-owned Ruchi Soya wants to raise money from the market again

<ul><li> At 7:45 am, the SGX Nifty was down 1% at 8.56 points.</li><li>Here’s a list of <keyword id="73648" type="PERSON" weightage="20" keywordseo="Stocks-to-watch">stocks to watch</keyword> for in trade today. </li><li><a href="https://www.businessinsider.in/">Check out the latest news and updates on Business Insider.</a> </li></ul>Amid cautious cues from the global markets, Indian stock-market indices are likely to open in red on Thursday. At 7:45 am, the SGX Nifty was down 1% at 8.56 points pointing towards a lower start for Nifty50. US stocks finished lower on Wednesday after the minutes from the Federal Reserve's July meeting raised concerns about economic outlook. The Dow Jones Industrial Average ended 0.31% lower at 27,692.88 points. These are the stocks to watch out for during the trading session today: State Bank of India State Bank of India (SBI) on Wednesday said it raised around ₹8,931 crore in a Tier-II bond sale, the biggest offering by India’s largest bank this year. The bonds with a maturity of 15 years were raised at a coupon rate of 6.8%. The shares of SBI closed 1% higher yesterday. DLF Ltd Realty major DLF and US-based property player Hines have secured a ₹2,600 crore loan from HDFC to construct a prime office complex in Gurugram. “The second joint venture between Hines and DLF has secured a construction loan of ₹2,600 crore from HDFC Ltd,” Hines said. The shares of DLF closed nearly a percent higher yesterday. PNB Housing Finance PNB Housing Finance board on Wednesday approved raising up to ₹1,800 crore equity capital through a preferential or rights issue. The shares of PNB Housing closed 6% higher yesterday. Yes Bank Yes bank has exited CG Power &amp; Industrial Solutions Ltd (CG Power) by selling its entire stake-holding in the company, the bank said on Wednesday. Yes bank has sold 6,34,00,000 equity shares having a nominal value of ₹2 each, constituting 10.12% of the share capital of CG Power in various tranches, last being on August 18, 2020, the private sector lender said in a regulatory filing. The shares of Yes Bank closed 5% higher yesterday. Ruchi Soya Patanjali Group firm Ruchi Soya on Wednesday reported around 13% decline in its net profit to ₹12.25 crore for the first quarter ended June 30. It also announced the resignation of Acharya Balkrishna as managing director of the company. The shares of Ruchi Soya closed 5% higher yesterday. Titan Company The company in a release said that it is fully hedged with gold on lease and gold bought from stock markets. It said that the ineffective hedge loss due to mismatch in sales quantity would be reversed subsequently with a corresponding reversal of stock gain accrued in the first quarter ended June. The shares of Titan closed 0.3% higher yesterday. L&amp;T Finance L&amp;T Finance Holdings will raise up to ₹200 crore by issuing bonds, offering 8 per cent interest to investors. The shares of L&amp;T Finance closed almost flat yesterday. Indian Overseas Bank, J Kumar Infraprojects, Accelya Solutions, HealthCare Global Enterprises These companies are slated to report their first quarterly earnings today. SEE ALSO: <a href="https://www.businessinsider.in/tech/news/apple-just-became-a-2-trillion-company-hereaposs-how-it-came-to-rule-the-world-from-its-early-struggles-to-beat-microsoft-to-the-launch-of-the-iphone-/slidelist/77640152.cms" data-type="tilCustomLink">Apple just became a $2 trillion company. Here's how it came to rule the world, from its early struggles to beat Microsoft to the launch of the iPhone.</a> <a href="https://www.businessinsider.in/careers/news/cabinet-approves-creation-of-national-recruitment-agency-for-government-and-psu-bank-jobs/articleshow/77632641.cms" data-type="tilCustomLink">Cabinet approves creation of ‘National Recruitment Agency’ — Government and PSU bank job seekers will now have to clear a single central test</a>

Top stocks to watch today— SBI, DLF, PNB Housing, Yes Bank, Ruchi Soya, Titan Company and more

<ul><li>Indian stock market indices opened in red on Thursday tracking sell-off in global markets.</li><li>The BSE Sensex was trading nearly a percent lower at 38,270.26 points; while Nifty50 was down or 0.81% at 11,315.60 points.</li><li>These are the top stocks that are buzzing the D-street today.</li><li><a href="https://www.businessinsider.in/">Check out the latest news and updates on Business Insider.</a> </li></ul>Indian stock market indices, Sensex tumbled over 300 points in early trade on Thursday tracking the sell-off in global markets after the US Fed's gloomy economic outlook spooked investors. The BSE Sensex was trading nearly a percent lower at 38,270.26 points; while Nifty50 was down or 0.81% at 11,315.60 points. ICICI Bank was the top loser in the Sensex pack, shedding around 2%, followed by IndusInd Bank, HDFC, ITC, Asian Paints and Titan. On the other hand, NTPC, PowerGrid, Sun Pharma and Infosys were among the gainers. These are the top stocks that are buzzing the D-street today. Ruchi Soya dives 2% post Q1 earnings <div type="image" title="Ruchi SOya August 20" msid="77648242" hostid="261"></div> Patanjali Group firm Ruchi Soya shares declined 2% during the early trading hours on Thursday. The company reported around 13% decline in its net profit to ₹12.25 crore for the first quarter ended June 30. It also announced the resignation of Acharya Balkrishna as managing director of the company. Ram Bharat, Baba Ramdev’s younger brother, will replace Balkrishna. Muthoot Finance decline 5% <div type="image" title="Muthoot Fianance August 20" msid="77648250" hostid="261"></div> Shares of one of the largest NBFC gold loan lenders declined 5% during the trade hours on August 20. Although the company posted a 59% rise in standalone net profit in the June quarter, the inventors were cautious about sustainable growth. <a href="https://www.livemint.com/market/mark-to-market/gold-makes-muthoot-finance-shine-in-q1-but-investors-want-growth-sustainability-11597841856611.html">According to reports</a>, the recent surge in gold loans is because people are struggling to pay the dues as the pandemic impacted pockets. Therefore, the growth rates could peter out in the coming quarters. IRCTC lost over 1% during the morning trade <div type="image" title="IRCTC shares" msid="77648259" hostid="261"></div> Shares of partly state-owned hospitality company IRCTC shares declined nearly 1% after news surfaced that the government is looking to reduce its shareholding via an offer of sale. <a href="https://www.timesnownews.com/business-economy/companies/article/indian-railways-irctc-next-on-modi-government-s-disinvestment-agenda-report/639539">According to reports</a>, The department of investment and public asset management (Dipam) has invited bids from merchant bankers and brokers. It aims to divest part of the government’s shareholding of 87.4% in the IRCTC, which was listed on the bourses last year. Tata Power gained over 4% <div type="image" title="Tata power" msid="77648296" hostid="261"></div> Tata Power share soared 4% after the company said after launching its renewable energy InvIT this fiscal year, it would also explore merger and acquisition opportunities to strengthen its position in this space. HAL shares declined over 3% <div type="image" title="HAL" msid="77648311" hostid="261"></div> HAL lost nearly 3% during the morning trade hours after <a href="https://www.moneycontrol.com/news/business/economy/government-may-sell-5-stake-in-hal-via-offer-for-sale-5728591.html">news reports</a> surfaced that Centre is planning to sell 5% stake in state-owned defence player Hindustan Aeronautics (HAL) via an offer for sale. As of now, the central government owns a 90% stake in HAL, and it is expected to rake in up to ₹2,000 crore. DLF gained over 2% <div type="image" title="DLF" msid="77648341" hostid="261"></div> Realty major DLF gained over 2% during the morning trade after the US-based property player Hines secured a ₹2,600 crore loan from HDFC to construct a prime office complex in Gurugram. “The second joint venture between Hines and DLF has secured a construction loan of ₹2,600 crore from HDFC Ltd,” Hines said. <keyword id="6426359" type="COMPANY" weightage="20" keywordseo="pnb-housing-finance">PNB Housing Finance</keyword> up nearly 3% <div type="image" title="PNB Housing" msid="77648370" hostid="261"></div> PNB Housing Finance shares gained nearly 3% after its board on Wednesday approved raising up to ₹1,800 crore equity capital through a preferential or rights issue. Yes Bank and CG power gains nearly 3% and 5%, respectively <div type="image" title="Yes" msid="77648396" hostid="261"></div> Yes Bank shares were up 3% after the company exited <keyword id="9788653" type="COMPANY" weightage="20" keywordseo="cg-power-industrial-solutions-ltd">CG Power &amp; Industrial Solutions Ltd</keyword> (CG Power) by selling its entire stake-holding in the company. Whereas on the other hand CG Power also gained 5%. Yes Bank has sold 6,34,00,000 equity shares having a nominal value of ₹2 each, constituting 10.12% of the share capital of CG Power in various tranches, last being on August 18, 2020, the private sector lender said in a regulatory filing. SEE ALSO:<a href="https://www.businessinsider.in/business/startups/news/swiggy-ran-a-massive-thank-you-campaign-for-its-delivery-heroes-two-months-later-those-heroes-are-protesting-against-reduced-cuts-and-slashed-incentives/articleshow/77647502.cms" data-type="tilCustomLink"> Swiggy ran a massive ‘thank you’ campaign for its delivery heroes – two months later, those heroes are protesting against reduced pay and slashed incentives</a> <a href="https://www.businessinsider.in/stock-market/news/top-stocks-to-watch-today-sbi-dlf-pnb-housing-yes-bank-ruchi-soya-titan-company-and-more/articleshow/77646162.cms" data-type="tilCustomLink">Top stocks to watch today— SBI, DLF, PNB Housing, Yes Bank, Ruchi Soya, Titan Company and more</a>

Top stock movers on Dalal Street today —Ruchi Soya, Muthoot Finance, IRCTC, HAL, Tata Power, Yes Bank and more

As <keyword id="6360409" type="General" weightage="20" keywordseo="nasa" source="Orion">NASA</keyword> makes strides to return humans to the lunar surface under <keyword id="244551" type="General" weightage="20" keywordseo="artemis" source="Orion">Artemis</keyword>, the space agency has announced plans to create a second <keyword id="42440" type="General" weightage="20" keywordseo="moon" source="Orion">Moon</keyword> lander other than <keyword id="6360701" type="General" weightage="20" keywordseo="spacex" source="Orion">SpaceX</keyword>'s <keyword id="1611690" type="General" weightage="20" keywordseo="starship" source="Orion">Starship</keyword>, creating additional opportunities for commercial companies. Under the plan, NASA is asking American companies to propose lander concepts capable of ferrying astronauts between lunar orbit and the lunar surface for missions beyond Artemis III, which will land the first astronauts on the Moon in more than 50 years. The new lander will be built and operated according to NASA's long-term requirements at the Moon, and it will have the capability to dock to a lunar orbiting space station known as Gateway, increase crew capacity, and transport more science and technology to the surface. "Under Artemis, NASA will carry out a series of groundbreaking missions on and around the Moon to prepare for the next giant leap for humanity: a crewed mission to Mars," said NASA Administrator Bill Nelson, in a statement. "Competition is critical to our success on the lunar surface and beyond, ensuring we have the capability to carry out a cadence of missions over the next decade," he added. To bring a second entrant to market for the development of a lunar lander in parallel with SpaceX, NASA will issue a draft solicitation in the coming weeks. The second contract award, known as the Sustaining Lunar Development contract, will pave the way to future recurring lunar transportation services for astronauts at the Moon, NASA said. "This strategy expedites progress toward a long-term, sustaining lander capability as early as the 2026 or 2027 timeframe," said Lisa Watson-Morgan, programme manager for the Human Landing System Program at NASA's Marshall Space Flight Center in Alabama. "We expect to have two companies safely carry astronauts in their landers to the surface of the Moon under NASA's guidance before we ask for services, which could result in multiple experienced providers in the market," she added. NASA is committed to using a commercial astronaut lunar lander to carry the astronauts to the surface of the Moon, expanding exploration and preparing humanity for the next giant leap, human exploration of Mars. Astronaut Moon landers are a vital part of NASA's deep space exploration plans, along with the Space Launch System rocket, Orion spacecraft, ground systems, and Gateway. In April 2021, NASA selected SpaceX as its partner to land the next American astronauts on the lunar surface, slated for launch no earlier than April 2025. NASA has also asked SpaceX to transform the company's proposed human landing system into a spacecraft that meets the agency's requirements for recurring services for a second demonstration mission. SEE ALSO <a class="tout-title-link" href="https://www.businessinsider.in/stock-market/news/ruchi-soya-icici-bank-zee-entertainment-and-other-hot-stocks-to-watch-out-for-on-march-24/slidelist/90410086.cms">Ruchi Soya, ICICI Bank, Zee Entertainment and other hot stocks to watch out for on March 24</a> <a href="https://www.businessinsider.in/policy/economy/news/the-russia-ukraine-conflict-could-shake-up-the-global-balance-of-power-in-3-big-ways-economist-intelligence-unit-says/articleshow/90406629.cms" data-type="tilCustomLink">The Russia-Ukraine conflict could shake up the global balance of power in 3 big ways, Economist Intelligence Unit says</a> <a href="https://www.businessinsider.in/science/health/news/omicron-subvariant-infections-on-rise-in-us-accounts-for-over-34-of-the-new-covid-19-infections/articleshow/90410070.cms" data-type="tilCustomLink">Omicron subvariant infections on the rise in US, accounts for over 34% of the new COVID-19 infections</a>

NASA to develop second Moon lander alongside SpaceX's Starship

<ul><li>Between 2017-end and March 2020, the SMID indices were down more than 40% relative to the equity benchmark Sensex.</li><li>Morgan Stanley now believes that SMID stocks are now all set to rally on the back of a growth recovery and attractive valuations.</li><li>Aditya Birla Capital, CG Consumer, JustDial and Prestige Estates are some of the stocks that Morgan Stanley is overweight on. </li></ul>Morgan Stanley’s Ridham Desai is bullish on small and mid-cap stocks. In a recent note, he said that after 30 months of struggle, Indian mid and small-cap stocks are poised for outperformance on the back of growth recovery and attractive valuations. The Morgan Stanley report dated August 18 said the small and mid-cap (SMID) stocks went into a prolonged phase of underperformance after peaking in early January 2018. Between the end of 2017 and March 2020, the SMID indices were down more than 40% relative to the equity benchmark Sensex due to various reasons such as growth deceleration and relative valuations. “The COVID-19 related lockdown did not help matters but has marked a floor on the cohort’s relative performance as a forward-looking stock market is possibly anticipating better growth. With monetary aggregates normalizing and significant policy action underway with a corporate tax cut last September, we think growth is set to turn,” the report said. Here’s the list of stocks that Morgan Stanley is betting on: <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Stocks </td><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">YTD Gain % </td></tr><tr><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Aditya Birla Capital </td><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-38% </td></tr><tr><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Amara Raja Batteries </td><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">2% </td></tr><tr><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Apollo Hospitals </td><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">17% </td></tr><tr><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Bharat Electronics </td><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">11% </td></tr><tr><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">CG Consumer </td><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">9% </td></tr><tr><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Exide Industries </td><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">9% </td></tr><tr><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Gujarat Gas </td><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">32% </td></tr><tr><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Gujarat State Petronet </td><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-7% </td></tr><tr><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Indraprastha Gas </td><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-4% </td></tr><tr><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Jindal Steel &amp; Power </td><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">39.40% </td></tr><tr><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Jubilant FoodWorks </td><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">18% </td></tr><tr><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Just Dial </td><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-31% </td></tr><tr><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Mahindra &amp; Mahindra Financial Services </td><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-31% </td></tr><tr><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">MphasiS </td><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">30% </td></tr><tr><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Multi Commodity Exchange of India </td><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">46% </td></tr><tr><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Narayana Hrudayalaya </td><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">12% </td></tr><tr><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">PNB Housing Finance </td><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">35% </td></tr><tr><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Prestige Estates Projects </td><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">25% </td></tr><tr><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Shriram City Union Finance </td><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">30% </td></tr><tr><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Shriram Transport Finance Co </td><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">40% </td></tr><tr><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Sobha Developers </td><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">35% </td></tr><tr><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Tata Power Co </td><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">9% </td></tr></tbody></table>Source: Morgan Stanley report dated August 18 Morgan Stanley notes that smaller firms are likely to benefit more due to their operating and financial leverage. SMID valuations are looking attractive relative to GDP and money supply, setting the stage for outperformance versus large-cap stocks in the coming months. They are overweight on 22 stocks in the small and mid-cap universe, with a market cap of around US$3.5 billion. Morgan Stanley has also sounded a word of caution on three factors that pose major risks to the outperformance of broader markets — COVID-19 pandemic, lack of structural reforms, and the risk in the financial system. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/ruchi-soya-shares-muthoot-finance-shares-irctc-shares-hal-shares-tata-power-shares-yes-bank-shares-top-stock-movers-on-dalal-street/articleshow/77647940.cms" data-type="tilCustomLink">Top stock movers on Dalal Street today —Ruchi Soya, Muthoot Finance, IRCTC, HAL, Tata Power, Yes Bank and more</a> <a href="https://www.businessinsider.in/business/auto/news/kia-sonet-suv-pre-booking-starts-today-checkout-price-images-specifications-and-other-details/articleshow/77649221.cms" data-type="tilCustomLink">Kia Sonet pre-booking starts today— Here’s all you need to know about price, features and other details</a>

These are small and mid-cap stocks that Morgan Stanley’s Ridham Desai is betting on

<ul><li>The BSE Sensex was trading 0.57% higher at 38,746.09.</li><li>These are the top stocks that are buzzing the D-street today.</li><li><a href="https://www.businessinsider.in/">Check out the latest news and updates on Business Insider.</a> </li></ul>Indian stock market indices Sensex jumped over 200 points in early trade on Wednesday tracking positive cues from global markets and foreign fund inflows. The BSE Sensex was trading 0.57% higher at 38,746.09; while Nifty50 was up 0.56% at 11,448.95. SBI was the top gainer in the Sensex pack, rising around 2%, followed by L&amp;T, M&amp;M, ICICI Bank, Sun Pharma, Axis Bank, ITC and Bajaj Auto. On the other hand, HCL Tech, Nestle India, Tata Steel, Kotak Bank, and Infosys were among the top losers. These are the top stocks that are buzzing the D-street today. SBI shares up over 2% during the initial trade hours <div type="image" title="SBI August 19" msid="77627266" hostid="261"></div> State Bank of India shares gained over 2% after news surfaced that SBI is raising up to ₹10,000 crore in a bond sale. According to <a href="https://economictimes.indiatimes.com/markets/bonds/sbi-to-raise-up-to-rs-10000-crore-through-issue-of-tier-ii-bonds/articleshow/77625108.cms">reports</a>, it is this year’s first bond sale by the country’s biggest mass-lender and is expected to draw large domestic institutional investors, such as state-owned LIC and EPFO. Zee Entertainment shares gained over 4% <div type="image" title="Zee Enter" msid="77627333" hostid="261"></div> Despite posting 94.3 % fall in its net profit to ₹30.4 crore, Zee Entertainment shares were up 4%. The company has appointed Subhash Chandra as Chairman Emeritus and R Gopalan as Chairman of the board. Brokerage house Emkay believes that consistency and delivery will win back trust, they maintain ‘Hold’ rating with target at ₹190. Kotak also believes that this is a step in the right direction, but few more needed for further re-rating. Yes Bank shares advance 5% <div type="image" title="Yes bank August 19" msid="77627813" hostid="261"></div> Yes Bank shares soared 5% after the private sector lender repaid the central bank’s ₹35,000 crore out of the ₹50,000 crore of Special Liquidity Facility. It also divested more than 8% stake worth over ₹75 crore in CG Power and Industrial Solutions through open market transactions. Indiabulls shares opened 2% higher <div type="image" title="Indiabulls" msid="77627848" hostid="261"></div> Indiabulls was up 2% during the early trade hours after the Bengaluru-based realty firm Embassy Group signed an agreement to merge its various housing and commercial projects with Indiabulls Real Estate Ltd (IBREL) and take control of the merged entity. Embassy Group already has around 14% stake in Mumbai-based IBREL, and the same will increase to 45% after the merger of assets of these two companies. RIL shares up 1% after Netmeds acquisition <div type="image" title="RIL August 19" msid="77627935" hostid="261"></div> Reliance Industries shares gained nearly 1% after its subsidiary Reliance Retail Ventures Limited (RRVL) had acquired a majority equity stake in Vitalic Health Pvt Ltd and its subsidiaries (collectively known as Netmeds) for a cash consideration of approximately ₹620 crore. ICICI gained 2% in initial trading <div type="image" title="ICICI Bank August 19" msid="77627981" hostid="261"></div> ICICI Bank shares soared 2% after the Chinese central bank, People’s Bank of China acquired a very small stake in ICICI Bank through the recently closed ₹ 15,000 crore share sale by the country’s second-largest private sector lender. Uflex shares gained 6% <div type="image" title="uflex August 19" msid="77628006" hostid="261"></div> The packaging materials and solution company Uflex shares touched 52-week high after it reported over two-fold jump in its consolidated net profit to ₹196.54 crore for the first quarter ended June 30 Dilip Buildcon shares gained 4% <div type="image" title="Dilip August 19" msid="77628035" hostid="261"></div> Dilip Buildcon shares gained 4% after the company said it has received a letter of acceptance (LoA) for a new project worth ₹1,334.95 crore. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/markets/news/ril-icici-bank-zee-ent-ruchi-soya-dixon-tech-cg-power-muthoot-finance-top-stocks-to-watch-today/slidelist/77625323.cms" data-type="tilCustomLink">Top stocks to watch today— RIL, ICICI Bank, Zee Ent, Ruchi Soya, Dixon Tech, CG Power, Muthoot Finance and more</a> <a href="https://www.businessinsider.in/business/startups/news/with-reliance-buying-netmeds-and-pharmeasy-merging-with-medlife-amazon-and-flipkart-are-in-for-a-tougher-competition-than-they-would-like/articleshow/77625512.cms" data-type="tilCustomLink">With Reliance buying Netmeds and PharmEasy merging with MedLife, Amazon and Flipkart are in for a tougher competition than they would like</a>

Top stock movers on Dalal Street today —SBI, Yes Bank, Indiabulls, RIL, Uflex and more

Shares of <keyword id="6420486" type="General" weightage="20" keywordseo="NDTV" source="Orion">NDTV</keyword> on Tuesday hit the 10 per cent upper circuit and 56 per cent so far in the calendar year 2022. Keeping pace with changing technologies, the asset-light media house has ramped up its footprints in digital and online space. The media outlet's share prices have risen from Rs 41 on January 1, 2021 to Rs 179 at the time of writing this report, up over 336 per cent during the period. On December 1, 2021, the company entered into a 10-year deal with Taboola, a global leader in powering recommendations for the open web, helping people discover content as they may prefer. The decade-long deal is expected to bring in revenue of Rs 750 crore. Ndtv.com, the online version of the news provider, has reportedly has nearly 200 million "uniques" and is one of the fastest growing online companies operating in the news space. Besides, the company in late 2021 claimed that the borrowings of the company have decreased by Rs 33.9 crore since the start of the current financial year. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/retail/news/amazon-is-bringing-us-to-our-knees-were-broke-future-retail-tells-supreme-court/articleshow/90222254.cms">Amazon is bringing us to our knees, we're broke: Future Retail tells Supreme Court</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/auto/news/maruti-suzuki-hero-motocorp-tata-autocomp-motherson-sumi-and-other-71-auto-firms-approved-under-pli-scheme/articleshow/90221795.cms">Auto stocks turn outliers in a weak market as government approves 75 auto firms for PLI scheme</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/how-to-apply-for-latest-ruchi-soya-fpo/articleshow/90218887.cms">Ruchi Soya FPO – All you need to know about FPOs and how to apply</a>

NDTV shares hit 10% upper circuit, up 56% so far in 2022

Haridwar, Mar 30 () Yoga guru Ramdev said on Monday he will donate Rs 25 crore to the PM's Citizen Assistance and Relief in Emergency Situations Fund (PM CARES Fund), which has been set up to fight the <keyword id="8595403" type="UNKNOWN" weightage="20" keywordseo="Coronavirus-outbreak">coronavirus outbreak</keyword> in the country.Also, all employees of his Patanjali and Ruchi Soya will donate their one-day salary, collectively amounting to Rs 1.5 crore, to the PM CARES fund, he said The yoga guru said he will also give the premises of two of his institutions in Haridwar and his ashrams in Kolkata, Modinagar (Uttar Pradesh) and Solan (Himachal Pradesh) for the treatment of <keyword id="1754604" type="PERSON" weightage="20" keywordseo="coronavirus">coronavirus</keyword> patients. About 1,500 suspects can be kept in isolation at these facilities together, he said. Food will be provided by Patanjali at these places, he said. Ramdev also appealed to his followers to contribute generously to the PM CARES fund to fight against coronavirus. See Also - <a href="https://www.businessinsider.in/india/news/coronavirus-cases-in-haryana-news-and-updates/articleshow/74771116.cms">Coronavirus cases in Haryana news and updates</a> <a href="https://www.businessinsider.in/india/news/coronavirus-cases-in-odisha-news-and-updates/articleshow/74771726.cms">Coronavirus cases in Odisha news and updates</a>

You Searched For "ruchi soya news" and got 10 results

SEBI allows investors to withdraw bids in Ruchi Soya FPO. Should applicants be worried?

Bhakti Makwana

The Ruchi Soya stock has grown by 8,400% in 104 days – while investors rejoice, analysts want a SEBI probe

Rounak Jain

Baba Ramdev and Patanjali-owned Ruchi Soya wants to raise money from the market again

IANS

Top stocks to watch today— SBI, DLF, PNB Housing, Yes Bank, Ruchi Soya, Titan Company and more

Navdeep Yadav

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