Axis Capital estimates the company could go for a buyback of 8 per cent of the existing equity base. The action is positive for the stock and supportive of valuations, it said
Posts in category Business Standard
Suzlon Energy tumbles 10% in 2 days post Q1FY24 results (26-07-2023)
Shares of Suzlon Energy were locked in the 55 lower circuit band for a second straight day on Wednesday after the company’s net profit for Q1FY24, including exceptional loss, tumbled to Rs 101 crroe
Suzlon Energy tumbles 10% in 2 days post Q1FY24 results (26-07-2023)
Shares of Suzlon Energy were locked in the 55 lower circuit band for a second straight day on Wednesday after the company’s net profit for Q1FY24, including exceptional loss, tumbled to Rs 101 crroe
Action Construction at new high on strong outlook; soars 48% so far in July (26-07-2023)
Thus far in the calendar year 2023, the stock has zoomed 139 per cent, as compared to 9.2 per cent rise in the S&P BSE Sensex.
Should you subscribe to Yatharth Hospital’s IPO? Here’s what brokerages say (26-07-2023)
Yatharth Hospital IPO: In the grey market, the hospital chain’s share is commanding a 20 per cent premium over its upper price band of Rs 300
Can Fin Homes sinks 8% after firm reports Rs 38 cr fraud at Ambala Branch (26-07-2023)
The company has undertaken legal action and expects one time impact on earnings, while, there will be no impact on assets quality.
L&T surges 4%; hits new high on strong Q1 results, Rs 10,000 crore buyback (26-07-2023)
The company would entail 33.3 million equity shares for a price of up to Rs 3,000 each, via tender offer route, subject to approvals.
Tata Motors DVR hits record high, zooms 18% on delisting plan (26-07-2023)
The board of the automotive major approved a scheme whereby 7 ordinary shares of the company will be issued for every 10 A-shares held, and all its outstanding A-shares will stand cancelled.
Stocks to Watch: Tata Motors, L&T, CEAT, Tata Motors DVR, SBI Life, BPCL (26-07-2023)
Stocks to watch on July 26, 2023: Tata Motors announced the cancellation of its DVR shares. Under the scheme, 7 ordinary shares of the company will be issued for every 10 DVR shares
Buy Bank of India, Bank of Maharashtra: Vinay Rajani of HDFC Securities (26-07-2023)
On the broader market outlook, Vinay Rajani the technical & derivative analyst says that the Nifty could swing in the 19,783 – 19,567 range in the near term.