This marks the second time the company has split its stock. Previously, Nava reduced its stock face value from Rs 10 per share to Rs 2 per share in August 2005, as per Trendlyne data.
Posts in category Economic Times
Trump-fueled rally propels Wall Street to record highs (11-11-2024)
Wall Street’s main indexes, propelled by post-election momentum, reached record highs. Tesla’s surge past a trillion-dollar market value and robust financial stocks fueled the rally. Despite the Nasdaq’s slight dip, investor optimism remained high, bolstered by anticipated tax cuts and a favorable regulatory environment.
These 6 stocks hit 52-week highs, rallied up to 10% in a month (11-11-2024)
A 52-week high represents the highest price a stock has reached over the past year, offering valuable insights for traders and investors.
Sebi asks QSBs to offer UPI mechanism, 3-in-1 facility to investors from Feb 1 (11-11-2024)
Markets regulator Sebi on Monday asked qualified stock brokers to offer either the facility of trading in the secondary market using the UPI-based block mechanism to their clients similar to the ASBA facility or a three-in-one trading account facility from February 1. These qualified stock brokers brokers (QSBs) must offer one of these two options, in addition to the current mode of trading.
Rupee may depreciate 8-10% during Trump 2.0, says SBI report (11-11-2024)
The rupee may depreciate 8-10 per cent against the US dollar during the Trump 2.0 regime, said a SBI research report, even as the local currency hit its all-time low on Monday. The report, titled US Presidential Election 2024: How Trump 2.0 Impacts India’s and Global Economy, emphasised that the rupee can have a brief spell of depreciation against the US dollar, followed by appreciation.
Insecticides India Q2 Results: Profit rises 16% to Rs 61 crore, revenue declines 10% (11-11-2024)
Insecticides (India) reported a 10% decline in Q2FY25 revenue to Rs 627 crore due to delayed insecticide spraying by farmers. However, net profit rose 16% to Rs 61 crore. The company launched a new 9(3) herbicide, Torry Super, and expects a promising Rabi season.
Hindalco Q2 Results: Standalone net profit soars 123% YoY to Rs 1,891 crore, beats estimates (11-11-2024)
Hindalco Q2 Results: Profit exceeded the Street estimate of Rs 1,294 crore, with revenue from operations rising 8% YoY to Rs 22,262 crore in the period. Strong profit growth was fueled by solid operational performance in the India business, favourable macro conditions, and effective cost management.
Zinka Logistics eyes on high potential trucking operations but sustainable profitability will be crucial (11-11-2024)
Zinka Logistics Solutions plans to raise Rs 1.115 billion through an IPO. The company provides digital platform solutions to truck operators. While it has shown traction, profitability remains a concern. Investors may wait for sustained profitable growth before investing. The promoter stake will fall to 28% post-IPO.
Hindustan Coca-Cola Beverages FY24 Results: Profit jumps three-fold to Rs 2,808 crore; revenue up 10% (11-11-2024)
The net profit of Hindustan Coca-Cola Beverages Ltd, the bottling arm of Coca-Cola in India, soared three-fold to Rs 2,808.31 crore in FY24, the company said in its filing to the RoC (Registrar of Companies). Its revenue from operations also went up 10.10 per cent to Rs 14,021.54 crore during the fiscal ended March 2024, according to financial data accessed through the business intelligence platform Tofler.