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L&T Infotech, ACC, Mastek, PCBL, Tata Steel Long Products, Benares Hotels, Godavari Drugs and Longview Tea Company are among companies that will announce their March quarter results today.
Twitter adopted a “poison pill” on Friday to limit Musk’s ability to raise his stake in the social media platform.
Despite the carnage, more than 200 stocks, including Welspun Corp, NTPC, Chambal Fertilisers and Adani Green Energy, touched their 52-week high on the BSE
In a stock split, existing shares split but the underlying value remains the same. As the number of shares increases, the price per share goes down.
Asian shares were trading mostly lower as the markets opened cautious, with few clues for the market following a holiday on Wall Street. MSCI’s index of Asia-Pacific shares outside Japan was down by 0.36 per cent.
MindTree, Mishtann Foods, Sheetal Cool, Swiss Military Consumer, Star Housing, DRC Systems India and SM Gold are among the companies that will announce their March quarter results today.
The insurer’s value of new business (VBN), a measure of profitability, expanded 31% year-on-year (YoY) at Rs 775 crore for the quarter against Rs 591 crore a year ago. This was despite a 6.7% fall in new business premium to Rs 4,788 crore against Rs 5,133 crore.
As per the monthly options data, the strikes of 17,500 have the highest PUT OI accumulation, and it is likely to provide some support throughout the week. In any case, since Nifty has closed below 17500, it would be crucial for the market to crawl and keep its head above the 17500-mark.
While gold and silver have a reputation as inflation hedges, this relation has historically not been straightforward. Instead of tracking inflation one-to-one, gold and silver have rather reacted to a high degree of inflation uncertainty, which we do have at the moment, while generally moving much more closely with real bond yields.
The IPO comprises fresh issue of equity shares aggregating up to Rs 325 crore and an offer for sale of equity shares aggregating up to Rs 200 crore by selling shareholder SAIF Partners India IV Limited. The company proposes to utilise Rs 240 crore of net proceeds from the fresh issue towards funding working capital requirements and the rest towards general corporate purposes.