Q4 Results: APL Apollo Tubes, Jaiprakash Associates, Hi-Tech Pipes, and Siyaram Silk Mills are among the 29 companies scheduled to report their Q4 results today. These companies will unveil their earnings for the fourth quarter of FY24 on May 11, with the market anticipating a reaction to their shares on Monday, May 13. 29 Businesses…
Vedanta: On Friday, Vedanta Ltd, led by billionaire Anil Agarwal, announced the acquisition of an additional 46.57% stake in the Japanese display major, AvanStrate Inc, for $78.3 million. This acquisition was made through its wholly-owned subsidiary, Cairn India Holdings Ltd. Following this purchase, Vedanta’s total ownership in AvanStrate now stands at 98.2%. The transaction is…
PNB Q4 profit: Despite Punjab National Bank (PNB) reporting a 160 percent year-on-year (YoY) increase in profit, some brokerages, such as Nirmal Bang Institutional Equities and Kotak Institutional Equities, remained unimpressed and maintained ‘Sell’ ratings on the stock. They pointed to a recent significant surge in the stock price. PNB’s fourth-quarter profit was primarily driven…
Asian Paints shares surged by more than 0.75 percent each on the Bombay Stock Exchange (BSE) this past Friday, May 10, 2024, defying expectations following leading brokerages like Jefferies, CLSA, and Citi slashing their share price targets. This surprising upward movement came hot on the heels of the company’s disappointing January-March quarter results, which were…
SBI Q4 results: On Thursday, the State Bank of India (SBI), India’s foremost lender by assets, unveiled a significant uptick in its fourth-quarter (Q4 FY24) profit, marking a notable 23.98% surge to Rs 20,698 crore from Rs 16,695 crore recorded a year earlier. During the quarter under review, the bank’s interest earned saw a robust…
Canara Bank share price: Canara Bank’s Q4 results met expectations from the market. Despite a rise in the cost of funds, the net interest margin (NIM) for the quarter expanded slightly. This was attributed to the bank’s ongoing efforts to adjust its exposure to older, low-yielding corporate assets, either by renewing them at current rates…
Aadhar Housing Finance IPO Day 2: On the second day of bidding, the initial public offering (IPO) of Aadhar Housing Finance, backed by Blackstone, garnered a subscription rate of 62 percent. Investors enthusiastically placed bids for 4.32 crore equity shares, despite the offering comprising only 7 crore equity shares. This substantial interest signals a promising…
Aadhar Housing Finance IPO: The housing finance firm, supported by Blackrock, is presenting its shares within a price range of Rs 300 to Rs 315 per share. In short The Aadhar Housing Finance IPO has commenced to raise Rs 3,000 crore. The shares are available at a price range of Rs 300 to Rs 315…
TBO Tek Limited IPO: Today marks the opening of the initial public offering (IPO) for TBO Tek Limited, aiming to raise Rs 1,550.81 crore. Interested investors have until May 10 to subscribe to the issue, with bidding starting at 16 shares per lot and in multiples thereafter. The IPO’s price range is set at Rs…
Indegene IPO: Indegene’s IPO has received a robust response from investors, particularly high net-worth individuals (HNIs), with subscriptions reaching 1.67 times within the first two days of bidding. This surge in interest spans across all investor categories, signaling a strong market appetite. Priced between Rs 430 to Rs 452 per share, Indegene aims to raise…
