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Raymond stock soars 8% after company approves demerger of its real estate arm, Raymond Realty subject to approval of shareholders and regulators.

Posted by Able on July 04, 2024

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Stock Market LIVE Updates: Hong Kong stocks notch 9-day winning streak in longest rally since 2018

Hong Kong stocks extended their rally on Friday, supported by ongoing positive market sentiment fueled by China's increased economic stimulus measures. The Hang Seng Index surged by 1.5%, marking its ninth consecutive day of gains, the longest winning streak since January 2018. Hong Kong-listed Chinese tech giants also saw continued gains, closing 2.7% higher.

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NSE Sustainability launches ESG ratings for listed companies

NSE Sustainability Ratings and Analytics Ltd, an entity of the National Stock Exchange, on Friday announced the launch of its ESG ratings for listed companies. The firm focus on assessing environmental, social, and governance (ESG) performance providing stakeholders with vital information to make informed decisions. In a statement, NSE Sustainability said it received registration certificate from the Securities and Exchange Board of India (Sebi) to operate as a Category I ESG Rating Provider (ERP). "NSE Sustainability's mission is to provide stakeholders, including investors, businesses, regulators and the public with accurate, comprehensive and unbiased evaluations of corporate sustainability practices," NSE MD and CEO Ashishkumar Chauhan said.

Raymond stock soars 8% after company approves demerger of its real estate arm, Raymond Realty subject to approval of shareholders and regulators.

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