Vedanta: Vedanta’s guidance on future dividend payouts, remarks on demerger status, and updates on volumes and CoP across verticals will be closely monitored. Vedanta Ltd is projected to post a 200-240 percent increase in earnings for the June quarter on up to 15% growth in sales. The management report on the parent’s debt status is…
Gautam Adani, the 62-year-old Chairman of Adani Group, stated in a media interview on August 5 that he intends to stand down from the position when he reaches the age of 70. “Succession is essential for the long-term sustainability of any business. I entrusted the decision to the second generation because the transition needs to…
Marico’s share price fell by more than 4% on Tuesday as a result of political upheaval in Bangladesh, which accounts for a large portion of the company’s worldwide operations. Marico shares fell by up as 4.43% to ₹642.55 on the BSE. The political crisis in Bangladesh erupted after days of large violent protests, and Prime…
The Ola Electric Mobility IPO reached full subscription by the second day of bidding. The employee segment saw the highest subscription rate at 8.98 times. The retail investor segment was subscribed 2.87 times, while the non-institutional investor segment reached 1.11 times subscription. The portion allocated for qualified institutional buyers (QIBs) achieved 40% subscription. According to…
Ola Electric IPO: Ola Electric Mobility Limited’s initial public offering (IPO) went live on the Indian primary market on August 2, 2024, and will be ready for bids until August 6, 2024. The Ola Electric IPO subscription status indicates that retail investors responded positively to the year’s most major public offering. Ola Electric’s IPO price…
Titan Company’s stock price fell more than 4% in morning sessions on Monday after reporting Q1 earnings. The first-quarter results were announced on Friday after market hours. Titan’s share price began at ₹3320.05, 4.1% lower than the previous close of ₹3,462.35, and fell to ₹3316 levels on Monday on the NSE. Tiran recorded a standalone…
Amazon shares fell 8.8 percent on August 2 due to a larger market trend, wiping out $134 billion of the tech company’s market value, according to Bloomberg. According to the Bloomberg Billionaire Index, billionaire founder Jeff Bezos, one of the richest individuals on the planet, lost $15.2 billion of his net worth to settle at…
Ola Electric IPO: Ola Electric Mobility Limited’s initial public offering (IPO) debuted on the Indian primary market on August 2, 2024, and will be ready for bids until August 6, 2024. The subscription status of Ola Electric’s IPO indicates that retail investors responded positively to the year’s most major public offering. The Ola Electric IPO…
Stocks to buy: Since the release of Budget 2024, Reliance Power shares have been on an upward trend. Reliance Power’s share price peaked at ₹26.94 on July 23, 2024, and has consistently reached 52-week highs since then on the NSE. In post-Budget 2024, Reliance Anil Dhirubhai Ambani Group or Reliance ADAG stock has surged from…
Tata Motors’ EBIT margin outlook is heavily reliant on volumes, with major margin drivers currently decreasing, according to YES Securities. Tata Motors generated free cash flow (FCF) in a traditionally sluggish June quarter. Despite lower volumes, JLR’s richer product mix resulted in profitability. The Tata group company also recorded a significant increase in commercial vehicle…
