India’s largest engineering company, Larsen & Toubro (L&T), plans to pay more cash to shareholders by buying back up to Rs 10,000 worth of shares through buybacks. The engineering group’s board of directors approved the proposal to buy back 3.33 million shares, representing 2.4% of the total paid-in share capital, at a provisional price of …
L&T buyback: Will it continue to propel the stock higher? Read More »
Shares of Shriram Finance opened higher on July 28, a day after the non-bank financier reported net profit for the April-June quarter up 25.13% year-on-year to 1,675 ,44 Rs. Investors seem impressed with the improvement in asset quality. Total Phase 3 assets fell to 6.03% as of June 30, from 6.21% in the March quarter …
Shriram Finance gains, brokerages see up to 17% upside after a healthy Q1 Read More »
Speaking at the upcoming G20 Climate and Environment Ministers meeting via videoconference, the Prime Minister said he was proud to say that India has led the way with “nationally identified contributions”. ” ambitious. Prime Minister Narendra Modi said India is at the forefront of measures to conserve, protect, restore and enrich biodiversity, and has raised …
Two years ago, late investor Rakesh Jhunjhunwala increased his stake in Canara Bank after he said PSB shares were “horribly undervalued”, and his wife, Rekha Jhunjhunwala, maintained. betting ever since. In fact, it has increased its holdings in public sector banking this year, and its holdings in the bank were 2.07% at the end of …
Canara Bank: Can this Jhunjhunwala bet beat its industry peers? Read More »
Brokers have mixed views on Bharat Petroleum Corp Ltd following the release of its June quarter results and earnings call. Jefferies India downgraded the stock to hold from buy and lowered its price target to Rs 425 from Rs 445 per share. Kotak Institutional Equities and Motilal Oswal Securities maintain bearish and neutral call options …
Mixed views from brokerage firms on BPCL following Q2 results Read More »
Mumbai rain LIVE updates: Heavy downpours in Mumbai on Thursday led to flooding in some areas, traffic congestion on most major roads and delays in commuter rail services from the Western and Central Railway. Flooding at vandana thane cinema, Thane, Mumbai (Praful Gangurde/HT Photo) Flooding at vandana thane cinema, Thane, Mumbai (Praful Gangurde/HT Photo) The …
Shares of Rail Vikas Nigam Ltd (RVNL) fell 6.6% on the morning of July 27 when the government launched a public offering (SFO) to reduce its ownership to 5.36%. As of 09:30, the stock is trading at Rs 129 on BSE, down 4% from the previous closing price. Shares hit a low of Rs 125.50 …
RVNL falls almost nearly 7% as offer for sale opens Read More »
The average lead-to-fall ratio, which compares the number of stocks that rose to the number of shares that fell, hit a 4-month low in July, indicating a period of market consolidation following a strong rally. . Up to this point of July, the increase/decrease ratio stood at 1.05 times. In June, the ratio was 1.14, …
Stock market breadth signals consolidation; long-term outlook positive Read More »
Shares of major pharmaceutical company Cipla rose nearly 9% in early trading on July 27 after the company’s earnings for the April-June period beat expectations. Some brokerages also raised their price targets on the stock as they applauded the company’s impressive numbers for the quarter under review. While the company’s net income and revenue for …
Cipla zooms 9% on stronger-than-expected Q1; brokerages cheer, raise targets Read More »
Netweb Technologies started its first day of trading with a hefty premium of 88 on July 27, which was largely in line with expectations given the high number of IPO registrations and the prevailing optimism in the stock market. Shares opened at Rs 947 on the NSE against an issue price of Rs 500 a …
Robust listing | Netweb Technologies debuts with 88 percent premium Read More »
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