Page 9 - Shares
Bajaj Finance: Analysts bullish on accelerated growth, digital initiatives
At the bourses, shares of Bajaj Finance jumped 9.4 per cent on Thursday to Rs 6,999 apiece on the BSE in the intra-day trade. In comparison, the BSE Sensex was up 1.4 per cent at 11:25 AM.
 "Bajaj Finance: Analysts bullish on accelerated growth, digital initiatives")
Zomato allots shares worth Rs 200 crore to staff at Re 1 face value
Zomato, which is going through its worst phase at Dalal Street, has allotted nearly 4.66 crore shares to its employees from its employee stock option plan (ESOP) pool at the face value of Rs 1
 "Zomato allots shares worth Rs 200 crore to staff at Re 1 face value")
Street Signs: Stocks in overbought territory, PVR shares flat, and more
Markets are expected to remain volatile on opening as they absorb the results of Reliance Industries and Infosys
 "Street Signs: Stocks in overbought territory, PVR shares flat, and more")
Airtel approves allotment of 71.1 mn shares to Google at Rs 734 per share
Google will hold 1.2 per cent of the total post-issue equity shares of the company, Bharti Airtel said
 "Airtel approves allotment of 71.1 mn shares to Google at Rs 734 per share")
World shares slide ahead of US' inflation data, earnings hurdles
World shares have dropped looking at US' recession according to recent reports
 "World shares slide ahead of US' inflation data, earnings hurdles")
ICICI Securities falls 1% as CLSA downgrades rating, earnings view
Shares of the largest listed brokerage have nearly halved this year
 "ICICI Securities falls 1% as CLSA downgrades rating, earnings view")
Our fiduciary duty is to protect value of securities: YES on Dish TV issue
The private sector lender has a 25.63 per cent stake in Dish TV
 "Our fiduciary duty is to protect value of securities: YES on Dish TV issue")
Sensex rises 443 pts; Nifty rebounds nearly 1% as auto, IT shares advance
Experts said a fall in oil prices and other key commodities are a silver lining in the domestic market
 "Sensex rises 443 pts; Nifty rebounds nearly 1% as auto, IT shares advance")
Two individuals offload Poonawalla Fincorp shares worth Rs 120 cr
According to block deal data available with the BSE, Sanjay Chamria and Mayank Poddar sold 27,06,350 shares each at an average price of Rs 222 apiece, taking the transaction size to Rs 120.16 crore.
 "Two individuals offload Poonawalla Fincorp shares worth Rs 120 cr")
Delta Corp rises 12% after gaming arm files DRHP, stock underperfoming
DGL's IPO will comprise a fresh issue of equity shares of face value of Rs 1 each, for an amount aggregating up to Rs 300 crore and an offer for sale for up to Rs 250 cr
 "Delta Corp rises 12% after gaming arm files DRHP, stock underperfoming")
Burmans to pay out shareholders, induct directors on Eveready board by July
On Thursday, the open offer in Eveready by Burman entities closed with the Burmans acquiring 14.3% shares. The total holding of the in the company now stands at 38.3%
 "Burmans to pay out shareholders, induct directors on Eveready board by July")
IIFL Finance up 8% after ADIA picks 20% in housing fin arm for Rs 2,200 cr
This is the second investment by ADIA in entities working in housing finance space in FY23. Last month, it concluded a deal to pick up 10% in HDFC Capital Advisors for Rs 184 cr
 "IIFL Finance up 8% after ADIA picks 20% in housing fin arm for Rs 2,200 cr")
Spotify expects to reach $100 bn in revenue in 10 years; shares rise 5%
The company said it has committed more than $1 billion on podcasting and expects podcast revenue to increase materially this year from the $215 million it made last year
 "Spotify expects to reach $100 bn in revenue in 10 years; shares rise 5%")
Credit Suisse stock falls 7.6% after warning of third straight loss
Shares of the troubled Swiss lender fell as much as 7.6% in Zurich trading after warning that results in the second quarter were impacted by clients pulling back, particularly in Asia
 "Credit Suisse stock falls 7.6% after warning of third straight loss")
LIC shares drop 8% below issue price on debut, end at Rs 873 apiece
The insurance behemoth's shares hit an intra-day low of Rs 860 and a high of Rs 920, not coming closer to the issue price but providing small investors an opportunity to exit with nominal gains.
 "LIC shares drop 8% below issue price on debut, end at Rs 873 apiece")
Walmart cuts full-year profit forecast as fuel, labour costs spike
Shares tumbled 6.5% to $138.51 in premarket trading, dragging down those of rival retailers including Target Corp
 "Walmart cuts full-year profit forecast as fuel, labour costs spike")
Motilal Oswal Financial Services announces buyback of shares for Rs 160 cr
Motilal Oswal Financial Services on Tuesday announced buyback of its 14.55 lakh equity shares at a price of Rs 1,100 per unit for an aggregate amount not exceeding Rs 160 crore.
 "Motilal Oswal Financial Services announces buyback of shares for Rs 160 cr")
'Accumulate LIC stock for long term': Analysts on firm's lacklustre debut
Shares of much-anticipated Life Insurance Corporation of India (LIC) made a weak listing on the stock exchanges on Tuesday.
 "'Accumulate LIC stock for long term': Analysts on firm's lacklustre debut")
Avenue Supermarts shares rally over 10% after net profit rises in Q4
Shares of Avenue Supermarts Ltd, which owns and operates retail chain D-Mart, on Monday rallied over 10 per cent after the company reported a 3.11 per cent increase in consolidated net profit in Q4
 "Avenue Supermarts shares rally over 10% after net profit rises in Q4")
PNB shares tumble nearly 14% after net profit declines in March quarter
Shares of Punjab National Bank (PNB) on Thursday tumbled nearly 14 per cent after the company reported over 60 per cent decline in standalone net profit for the quarter ended March 2022
 "PNB shares tumble nearly 14% after net profit declines in March quarter")