Founder and CEO of One 97 Communications Limited Vijay Shekhar Sharma and Antfin have reached an agreement that Sharma will purchase a 10.3% stake in Paytm, the company notified exchanges on May 7. 8. According to the filing, an offshore entity owned by Sharma will purchase a stake in Paytm from Antfin through an off-market …
Vijay Shekhar Sharma to purchase 10.3% stake in Paytm from Antfin Read More »
Yatharth Hospital & Trauma Care Services listed on the stock market on August 7th at a premium of only 2% to the issue price. Analysts had expected the stock to trade at a 20% premium on weak sentiment across the market. The shares started trading at Rs 304 on the BSE and Rs 306 on …
Yatharth Hospital lists at 2% premium to issue price Read More »
Prabhudas Lilladher Research Report on Stainless Steel PVR In a lackluster quarter, PVR-Inox’s performance overall matched sales of 33.9 million (PLe 33 million) and EBITDA AS margin before IND of 6.2% (PLe of 5.8%) . After the recent success of “Barbenheimer” and MI-7, Bollywood has an interesting release system with movies like Oh My God-2, …
Buy PVR Inox; target of Rs 1797: Prabhudas Lilladher Read More »
The net profit of major auto companies Mahindra and Mahindra (M&M) for the April-June quarter of fiscal 2024 is expected to grow 27% year-on-year (YoY) on the back of increased vehicle sales. strong in the quarter mentioned above. M&M, which will report quarterly results on August 4, is expected to post a net profit of …
M&M Q1 Preview: Auto segment in the driving seat, net profit seen rising 27% Read More »
Byju and its lenders missed an August 3 deadline to redo the terms of a $1.2 billion loan, prolonging the uncertainty that engulfed its most valuable startup. India. Sources familiar with the matter said the loan modification talks were progressing “in the right direction”, but the two sides were still unable to reach a conclusion. …
Byju’s, lenders miss August 3 timeline to rework loan terms Read More »
Zomato Ltd shares have seen a wave of bullish targets among several brokerages after the company turned a profit for the first time, although many brokers kept their ratings on the stock. . Motilal Oswal Securities expects the stock to target at Rs 110 per share, up 28% from the current market price, JM Financial …
As Zomato turns profitable, brokerages rush to raise their target prices Read More »
Shares of Ashok Leyland rose nearly 1% to Rs 185.75 on August 2 after the company reported better sales for July 2023. The company sold 15,068 units for the month, up 10.6% from the 13,625 units sold in July 2022. Total sales of medium and heavy commercial vehicles (M&HCVs) increased 17% to 9,571 units, and …
Ashok Leyland shares gain as July sales jump 11% YoY Read More »
Private equity firms Clermont Group and Arpwood Group are backed by non-banking finance firm SBFC Finance, which is more focused on the MSME segment, which will be the first public offering in August 2023. Here are 10 important things to know before applying for a number: 1) IPO date The offer will be open for …
SBFC Finance IPO opens tomorrow | 10 things to know before buying shares Read More »
Ambuja Cement reported a net profit of Rs 645 crore on August 2 for the April-June quarter of fiscal year 24, down 38% from a year ago. The lower annualized profit is likely due to a higher base effect in the corresponding quarter of the previous year due to higher other sales. Adani Group, India’s …
Ambuja Cement Q1 net profit declines 38% YoY to Rs 645 cr Read More »
Nifty recently touched the 20-day moving average (20-DMA), indicating potential strength. To confirm further upside, Nifty needs to break above 19,825. On breaking this level, we can anticipate a move towards the 19,950-20,000 range. However, if Nifty slides below its 20 DMA of 19,600, this could indicate a correction towards the 19,300-18,888 level. Similarly, Bank …
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