Here’s a quick look at stocks likely to be in focus in today’s trade. Cochin Shipyard: The government has announced plans to divest a 5 percent stake in Cochin Shipyard through an Offer for Sale (OFS), with the floor price set at ₹1,540 per share. The OFS includes a base offer of 2.5 percent, … Read more
Here’s a quick look at stocks likely to be in focus in today’s trade. Reliance Industries (RIL): RIL’s consolidated profit for Q2 FY25 declined by 4.8 percent year-on-year to ₹16,563 crore, missing analyst estimates. This marks the third consecutive quarter of declining profits, driven by weakness in the oil-to-chemicals (O2C) segment. However, the digital services … Read more
UltraTech Cement and India Cements: UltraTech Cement’s Board approved the purchase of a 32.72% equity stake in India Cements from its promoters and their associates for ₹3,954 crore at ₹390 per share. This stake sale will trigger a mandatory open offer at ₹390/share, subject to regulatory approvals. The price offered is 4.1% higher than ICL … Read more
Shares of REC surged 9.5 percent in intra-day deals today, May 2 to hit a new high of ₹555.45 on the back of strong March quarter (Q4FY24) results. Including today’s rally, the stock has extended gains for the eighth straight session, soaring 30.5 percent in this period. The PSU (public sector undertaking) company posted a 33 … Read more
Macrotech Developers: The company, operating under the ‘Lodha’ brand, has increased its pre-sales forecast for 2024-25 by 20% to ₹17,500 crore, backed by robust demand and a strong launch pipeline, according to a senior company official. The Mumbai-based developer achieved a record high of ₹14,520 crore in pre-sales in FY24. On Wednesday, the real estate … Read more
Vodafone Idea: The company is optimistic about its ₹18,000-crore follow-on public offer (FPO) receiving full subscription, particularly from anchor investors. The company’s CEO, Akshay Moondra said that the company plans to roll out 5G services within six to nine months after the FPO. This will involve fast-tracking orders for 5G equipment from vendors. It aims … Read more
Larsen and Toubro: L&T Defence, the defence equipment arm of Larsen and Toubro, plans to expand into the production of non-military equipment and infrastructure. This strategy aims to optimize the use of its assets while the company anticipates securing larger defence contracts. To align with this new business approach, the division has been renamed L&T … Read more
Stock Market Live Updates | Sensex Today : Shares in Asia fell Friday tracking US stocks, as interest rate uncertainty and geopolitical tensions weighed on sentiment. Australian and Japanese shares declined. Hong Kong markets are set to resume trading after a holiday, while mainland China and Taiwan will be closed for a second day. Contracts … Read more
Mahindra & Mahindra: The Indian automaker has signed a Memorandum Of Understanding with Adani Total Energies E-Mobility to establish an electric vehicle charging network throughout India. This collaboration will also enable the automaker to introduce e-mobility solutions, ensuring consumer access to the charging infrastructure. Veejay Nakra, President of the Automotive Division at M&M Ltd, said … Read more