Wipro might issue bonus shares for the 14th time, the highest among Nifty companies, during its board meeting for second quarter results. Historically, the IT services company has frequently rewarded shareholders with bonuses, aimed at improving stock liquidity and affordability, unlike peers Infosys and TCS.
Posts in category Economic Times
5 out of 6 mega IPOs have destroyed wealth. What’s in store for Hyundai IPO investors? (14-10-2024)
Five out of six mega IPOs have resulted in wealth destruction, with examples like LIC and Paytm listing at losses. Despite positive broker ratings for Hyundai’s record-breaking IPO, history shows large IPOs often correlate with market peaks and subsequent investor losses.
DMart shares slip 9% after downgrades from brokerage firms on Q2 miss (14-10-2024)
Shares of Avenue Supermarts-owned DMart dropped by 9.3% following disappointing Q2 earnings, leading to downgrades from major brokerage firms. Q2 profit saw an 8% YoY jump but decreased by over 12% from the prior quarter, with revenues rising 14%. Increased costs and competition from online grocery formats impacted the results.
If there is so much liquidity, why is it not coming to India? Santosh Rao explains (14-10-2024)
Santosh Rao explains why long-term investors are cautious about China and India. He notes that India’s market is seen as expensive, leading to profit-taking. Rao points out that the US is becoming a favorable investment option again. He also discusses potential volatility in crude oil prices due to geopolitical issues, particularly involving Israel and Iran.
Bulls back in action as Sensex rises over 500 points; all eyes on inflation data, RIL, HCL Tech Q2 (14-10-2024)
Indian equity indices opened higher on Monday, with the Sensex gaining 315 points and Nifty50 rising 93 points as investors awaited domestic inflation data and earnings reports from Reliance Industries and HCL Tech. Wipro shares surged over 3% on news of a potential bonus share issue.
Gold Price Today: Gold gains Rs 1,300/10 gm in 3 days, while silver up by Rs 2,100/kg (14-10-2024)
Gold prices have surged by Rs 1,300 per 10 gram in the last 3 days, while the prices of silver prices are up by Rs 2,100/kg.
Wipro shares in focus as board to consider bonus issue along with Q2 results (14-10-2024)
Wipro shares are anticipated to gain attention on Monday after the company announced its board will consider issuing bonus shares alongside its Q2 2024 financial results. Bonus shares, which are additional fully paid shares given to existing shareholders, aim to enhance stock liquidity and reduce share price, making them more accessible for investors without any extra cost.
PNC Infratech shares in focus on winning Rs 2,040 crore project from CIDCO (14-10-2024)
PNC Infratech shares are expected to remain in the spotlight on Monday after receiving an order worth Rs 2,039.61 crore from CIDCO. The company received the work order for the integrated infrastructure development of roads, construction of various major and minor structures, and allied electrical works under the NAINA Project, with a completion period of 1,460 days.
Stocks to buy today: L&T, Hindalco among top 6 trading ideas for 14 October 2024 (14-10-2024)
The Indian market might open higher but may lose momentum amidst mixed global cues. Nifty is expected to trade within a broad range of 24,500 to 25,500 zones. Specific stock recommendations for short-term trades include Samvardhana Motherson, Exide Industries, Dixon Technologies, Hindalco, L&T, and Tata Chemicals.
These 4 stocks closed crossing above VWAP on Oct 11 (14-10-2024)
When the closing price rises above the VWAP, it signifies that the closing price is higher than the average price at which it was traded throughout the day, with the average being weighted by trading volume.