Ravindra Energy rallied 5% to Rs 162.15, extending gains for the eighteenth consecutive trading session.
High-flying Returns: 5 stocks with ROE soaring above 80% (25-09-2024)
A high return on equity (ROE) indicates a company’s efficient use of shareholder investments, signaling strong management and a promising business model, thus making it appealing to investors seeking growth opportunities.
‘Looking to expand international business’ (25-09-2024)
‘It is difficult to write business internationally, without an ‘A-‘ rating. It becomes more expensive.’
Diffusion Engineers commands robust GMP ahead of issue opening tomorrow (25-09-2024)
Ahead of the issue opening, the company’s shares are trading with a GMP of Rs 77 in the unlisted market. Considering the upper price band of Rs 168, the stock is commanding a premium of 46% over the IPO price.
Dabur shares drop 5% after UBS downgrades to ‘Neutral’ on valuation concerns (25-09-2024)
Shares of Dabur dropped 5% to Rs 622 during Wednesday’s intraday trading on the BSE after global brokerage UBS downgraded the stock from ‘Buy’ to ‘Neutral.’ Despite this downgrade, UBS raised Dabur’s target price from Rs 650 to Rs 700. The brokerage cited concerns over high valuations and potential risks to beverage sales growth, along with increasing competition from cola drinks and coconut oil brands
Bandhan Bank declines after chief audit executive Ravi Lahoti resigns (25-09-2024)
Bandhan Bank slipped 2.24% after the private lender informed that chief audit executive of the bank Ravi Lahoti has tendered his resignation from the services of the bank in order to pursue alternate opportunities.
HEG shares rally 10% on announcing October 18 as record date for 1:5 stock split (25-09-2024)
HEG Ltd shares surged 10% after announcing a 1:5 stock split. The record date for the split is October 18. A 1:5 split means shareholders will receive five shares for every one they currently own.
InterGlobe Aviation – Indigo (25-09-2024)
As we know, it cuts both ways. Institutional buying while takes the price higher than we had expected, their selling will have the opposite effect. If they find better opportunities, they will exit their positions, even at a some loss, along with them decreasing their positions regularly for reasons like valuation or future outlook or reasons which are yet to reach us, and we will know about their selling after some delay. So things like these can be used as a data point, an insight, that can add some benefit to our positions.
Hyundai Motor India gets Sebi nod to float IPO (25-09-2024)
Hyundai Motor India Ltd, the Indian arm of South Korean automaker Hyundai, has received capital markets regulator Sebi’s approval to float an initial public offering (IPO), people familiar with the development said on Wednesday. This development marks a significant milestone for the Indian industry, as it is the first automaker initial share-sale in over two decades, following Japanese automaker Maruti Suzuki’s listing in 2003.