Ajay Singh, promoter of SpiceJet, is likely to dilute his shareholding in the cash-strapped airline by more than 10% stake in an effort to raise about ₹3,000 crore, said people aware of the development. Singh will remain SpiceJet’s single-largest shareholder after the fundraising, which is expected to be completed by September, the people said, adding … Read more
HDFC Bank surged nearly 3% to Rs 1,650.7 in Monday’s trade on BSE after the country’s top private lender reported a standalone net profit of Rs 16,175 crore for the quarter ended June 30, 2024, which was up by 35% over Rs 11,952 crore reported by the bank in the year-ago period. However, it was … Read more
Ashok Leyland shares zoomed nearly 6% on BSE today to their new all-time high of Rs 222.80 after reporting a 20% year-on-year (YoY) increase in its Q4 net profit at Rs 900.41 crore. Revenues from operations in the quarter under review stood at Rs 11,266.69 crore as compared to Rs 11,625.67 crore in the year-ago … Read more
Shares of Suzlon Energy dipped 2% today on BSE to the day’s low of Rs 45 after the company reported a decline of 21% year-on-year (YoY) in Q4 net profit to Rs 254 crore. However, brokerages see an upside to Rs 54 for the stock. The consolidated net profit in the 2023-24 fiscal year also … Read more
May 24, 2024, 09:36:39 AM IST The dividend yield is the annual dividend payment to shareholders expressed as a percentage of the stock’s current price. According to Trendlyne data, as many as 10 BSE Midcap index stocks have paid up to a 5.2% dividend yield in the past one year. Here is the list: ETtech … Read more
The initial public offer (IPO) of Awfis Space Solutions has opened for subscription today and will close on May 24. The IPO includes a fresh share sale of Rs 128 crore and an offer-for-sale (OFS) of up to 1.22 crore shares. Promoter Peak XV Partners V and other shareholders Bisque and Link Investment Trust are … Read more
Shares of PSU stock Bharat Heavy Electricals (BHEL) fell up to 8% on BSE on Wednesday to Rs 295 after the company reported an over 25% year-on-year (YoY) decline in its consolidated net profit to Rs 489.62 crore in the March quarter. Kotak Equities sees a downside to Rs 75 for the stock while other … Read more
India’s fourth-largest auto company, M&M, is shifting into a higher gear and pressing down on accelerator. It plans to fuel its business growth with an ambitious capital infusion plan. It will inject Rs 37,000 crore into its business, across different segments, over the next three years. A bigger part of this money will go into … Read more
Mumbai: ICICI Bank’s contentious bid to delist ICICI Securities (I-Sec) has been cleared by the broking arm’s public shareholders. In the voting process that ended on March 27, investors holding 71.89% of the lender’s shares favoured the proposal, while those owning 28.11% voted against it, paving the way for ICICI Securities’ delisting from the bourses. … Read more
MUMBAI: Shareholders of ICICI Bank and its subsidiary, ICICI Securities, have approved the proposal to convert the latter into a wholly-owned subsidiary. ICICI Bank holds 75% stake in its securities arm, while public shareholders own the remaining 25%. I-Sec was listed in 2018.Despite resistance from a section of retail investors, the proposal garnered significant support … Read more