Mumbai: Companies are moving swiftly to buy back shares before new tax rules proposed in the budget take effect on October 1. This will tax the buyback amount in the hands of shareholders as per their tax slabs. Currently, such transactions are taxed at about 23% at the company level. Within just the three weeks … Read more
Tata Steel. Share Price 148.40 02:09 PM | 18 Mar 2024 6.71(4.73%) Mahindra & Mahindra. Share Price 1850.90 02:09 PM | 18 Mar 2024 51.41(2.86%) JSW Steel. Share Price 800.75 02:09 PM | 18 Mar 2024 20.11(2.58%) Tata Motors. Share Price 964.40 02:09 PM | 18 Mar 2024 18.55(1.97%) Bajaj Auto. Share Price 8514.00 02:09 … Read more
Indus Towers Ltd, part of the telecom industry, rallied more than 30% to break out from a falling trendline resistance on the weekly charts and the momentum could take the stock to a fresh 52-week high. Short-term traders can look to buy the stock on dips for a possible target of Rs 285 in the … Read more
Cash-strapped telco Vodafone Idea announced a massive refinancing plan of up to Rs 45,000 crore which will be raised through a combination of equity, including promoter financing, and debt. The company’s board on Tuesday approved equity fund raise of upto Rs 20,000 crore by way of equity-linked instruments which could be convertible debentures, warrants, or … Read more
ET looks at some of the latest stock recommendations by analysts. These stocks are expected to return between 16% and 38% as per analysts’ price targets. Indus Towers BROKERAGE BOFA SECURITIES Price Target: Rs 280 CMP: Rs 240.5 Upside: 16% Vodafone Idea’s potential fund raise for network expansion to be positive for Indus as it … Read more
Technical charts and data indicate a lack of relative strength and the dominance of supply pressure during the upward move. The market is likely to remain highly volatile due to the F&O expiry this week, said technical analysts. If Nifty maintains its close above the 21,920 level, it will likely head towards 22,390–22,500 levels. Bajaj … Read more
Kolkata | Mumbai: US private equity fund KKR has exited Indus Towers while Canadian pension fund CPPIB (Canada Pension Plan Investment Board) has almost completely sold off its holdings in the telecom tower company, via multiple block deals to undisclosed buyers, raising ₹3,973.07 crore. According to NSE block deal data, Silverview Portfolio Investments Pte Ltd, … Read more
Recent trading sessions have experienced significant volatility in the Indian markets, driven by concerns related to the budget and geopolitical developments in the Red Sea region. However, these corrections also offer a great opportunity for investors to enter good-quality stocks.In light of the prevailing conditions, three stocks have formed a strong setup on the technical … Read more
Brokerage firm Goldman Sachs maintained a neutral rating on TVS Motor, Jefferies maintained a hold on IOC, Morgan Stanley recommended an Equal Weight rating on IOC, Jefferies has a buy rating on DLF and ICICI Securities downgraded Indus Towers. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: … Read more