Today’s top morning headlines - 15th May 2024

Good afternoon

Top gainer: Coal India 465 ▲ 17 (+3.8%)
Top loser: Eicher Motors 4,644 ▼ 85 (-1.8%)

:star: LIC gets three year extension from SEBI to meet MPS norms, stock rises 5%
Shares of Life Insurance Corporation of India (LIC) jumped more than 5% on Wednesday after the market regulator (SEBI) granted the life insurer an additional three years to meet the 10% public shareholding norm. As per the revised timeline, LIC has until May 16, 2027, to achieve the 10% minimum public shareholding (MPS) goal. Read more.

:star:Mahindra and Mahindra shares hit 52-week high
Mahindra and Mahindra Ltd shares touched a fresh 52-week high of ₹2,306.95 per piece on the NSE on Wednesday, May 15, after the company announced successful sale of its entire stake eye care chain New Delhi Centre for Sight Limited (NDCFS) for ₹425.39 crore. Read more.

:star: Granules India net profit rises 8.4% to ₹129.6 crore, dividend announced
Pharmaceutical firm Granules India on Wednesday reported an 8.4% year-on-year increase in its consolidated net profit to ₹129.6 crore in the fourth quarter of the financial year 2023-24. The company’s shares were trading at ₹406.2, up 1.6%, on the NSE. Read more.