The board of directors has approved a proposal to buyback up to 370,000 equity shares of the company at Rs 4,450 per equity share, aggregating up to Rs 164.65 crore
The Vi FPO is scheduled to open for subscription on April 18, 2024, and close on April 22
Shares of VIP Industries have under-performed its benchmark NSE 250, with a fall of nearly 29 per cent as against a rally of 67 per cent in the last 18 months.
Experts believe any escalation in the Iran-Israel conflict may lead to a rise in crude oil prices.
Despite rising gold prices, on a YoY basis the company said it achieved 13 per cent volume growth in Gold and 19 per cent volume growth in diamond in FY24.
As of 10:08 am, the BSE Sensex was trading 0.75 per cent lower a 73,689.27, and the NSE Nifty50 was down by 0.72 per cent at 22,357.25 levels
Oil prices, however, hardly reacted to the news, as traders had largely priced in a retaliatory attack from Iran that would likely further disrupt supply chains
Average trading volume on the counter jumped over four-fold in early delas with a combined 5.8 million equity shares changing hands on the NSE and BSE
TCS reported a 9.1 per cent YoY growth in net profit at Rs 12,434 crore for Q4FY24, while revenue from operations rose by 3.5 per cent.
The nearly 260% surge in Zomato since last April has made it difficult for consensus to keep up, but expectations continue to rise
Stocks to watch on Monday, April 15, 2024: IT shares, led by TCS, are expected to be in focus after the Tata group IT major reported better-than-expected Q4 numbers.
The powerful rallies in Indian and Japanese equities as China's market has slumped have reset Asia's financial-market landscape
According to Ravi Nathani, an independent technical analyst, the Nifty may underperform and seek support around 22,445, 22,365, and 22,250 in the near term.
The market will be closely monitoring the movement of crude oil prices given the geopolitical conflict heating up in the Middle East, said dealers
Analysts attribute the growing divergence between stock price and corporate earnings to the valuation-driven rally
Although, Friday witnessed FPI selling to the tune of Rs 8,027 crore on fears of changes in India-Mauritius tax treaty
Yet, positioned for revenue growth with recent strong deals, driven by a strengthening US economy
With markets hovering around their record-high levels, traders are facing the dilemma of whether to buy the dip or sell the rallies
Snap up Aster, Aavas during correction
The fund targets long-term capital appreciation from a portfolio predominantly invested in equity and equity-related securities of large and midcap companies