Snehal khanna Blog

Promoter Harrow Investment Holding Ltd exited the company by selling its shares on July 5 and July 6 LATEST NEWS : Redington (India), a supply chain solutions provider for information technology (IT) and non-IT products and a major distributor of Apple products in the country, has said that growth in the non- Apple smartphone distribution business has started contributing to its mobility business significantly. Harrow Investment Holding Ltd, the promoter of the company, has exited from the company by selling its shares on July 5 and 6 through the open market. The company is also in the process of diversifying into new businesses such as solar energy and health & medical equipment. The non-IT products business, which includes the mobility services, has seen a considerable pickup in the share of its business in the past. Close to 30 per cent of the company's revenue, which was at Rs 15,480 crore on a standalone basis in 2016-17, has been from the mobility and s...

Pharma stocks were the biggest losers with Nifty Pharma posting sixth consecutive session of loss Benchmark indices settled lower with Sensex shedding 200 points and Nifty ending below 9,400-level as investors booked profit in recent outperformers. The sentiment was also dragged by geopolitical tensions as Indian army strikes Pakistan military posts. The street also took cues from the global markets which were mostly trading lower post the explosion, at a concert by US singer Ariana Grande shook Manchester. The S&P BSE Sensex ended at 30,365, down 205 points, while the broader Nifty50 settled at 9,386, down 52 points. Read this: How taxmen nabbed black money hoarders who tried to beat the note ban The broader market underperformed the benchmark indices with S&P BSE Midcap and the S&P BSE Smallcap indices dipped over 1% each. "Investors became cautious after sudden hike in Indo-Pak tension. Additionally, higher than expected GST rate especiall...