Lt foods (daawat) (19-09-2024)
doesn’t bode well many times !!!
Northern Arc Capital IPO subscribed over 31 times on Day 4 of bidding. GMP down to 60%. Check details (19-09-2024)
As of 12 noon, the non-institutional investors subscribed the issue by 84.8 times, followed by the retail investors, who had subscribed the issue by 24 times. Meanwhile the Qualified Institutional Buyers (QIBs) had subscribed the issue by 6.3 times.
Adani Power shares drop 1.12% as Sensex rises (19-09-2024)
On the technical charts, the RSI of the stock stood at 44.49.
Lt foods (daawat) (19-09-2024)
So now they are interested in cyclical & commodity (predominantly till now at least) businesses too?
Investing Basics – Feel free to ask the most basic questions (19-09-2024)
That’s a very pertinent question. Yes, typically bonus shares would be issued by capitalising reserves, so cash flow statement should have no impact. I am intrigued!
Bonus was given in FY 2022-23 (Jan 2023) and not in FY 2023-24. Here’s what I found from the AR for 20223-23, though this still doesn’t explain the entry in the cash flow.
“
d) During the year, the Company allotted and distributed 1,83,22,200 (One Crore Eighty Three Lakhs Twenty-Two Thousand Two Hundred) Equity Shares of Rs. 10/- (Rupees Ten Only) each as bonus shares (hereinafter referred to as new shares) in the ratio 1170:1 on 31st January, 2023.
“
There is no mention of any bonus in the AR for FY 2023-24.
Rate cut: Optimistic about US economy going into 2025; favourable to owning equity risk: Adrian Mowat (19-09-2024)
Adrian Mowat, EM-Equity Strategist, explains that the US Fed’s recent 50 bps rate cut is a move that will support growth and help maintain confidence. With inflation moderating and interest rates being adjusted, the US economy is expected to continue growing into 2025, providing a favourable outcome for equity markets.
Cabinet approves continuation of schemes of Pradhan Mantri Annadata Aay SanraksHan Abhiyan (19-09-2024)
The Union Cabinet chaired by the Prime Minister Narendra Modi has approved the continuation of schemes of Pradhan Mantri Annadata Aay SanraksHan Abhiyan (PM-AASHA) to provide remunerative prices to farmers and to control price volatility of essential commodities for consumers. The total financial outgo will be Rs. 35,000 crore during 15th Finance Commission Cycle upto 2025-26. The Government has converged the Price Support Scheme (PSS) & Price Stabilization Fund (PSF) schemes in PM AASHA to serve the farmers and consumers more efficiently. The Integrated scheme of PM-AASHA will bring-in more effectiveness in the implementation which would not only help in providing remunerative prices to the farmers for their produce but also control the price volatility of essential commodities by ensuring their availability at affordable prices to consumers.
SRF shares decline 0.04% as Sensex climbs (19-09-2024)
A total of 42,545 shares changed hands on the counter till 12:42PM (IST)
Indus Towers shares fall 13% after SC rejects re-computation in AGR case (19-09-2024)
Indus Towers Share Price: Indus Towers’ shares dropped 10% to their day’s low of Rs 366.30 on the BSE after the Supreme Court upheld its ruling on the Adjusted Gross Revenue (AGR) case, rejecting telecom companies’ requests for a re-computation and affirming the full AGR demand.