Eicher Motors stands well-positioned to sustain its growth momentum, backed by a strong brand, disciplined cost control, and prudent capital allocation, believe analysts at ICICI Securities.
According to the filing, Hubtown decided to withdraw its proposed preferential issue of up to 1,46,80,249 equity shares to private investors
The buying on the counter came after the company informed that its JV Adani-Ashoka-Aakshaya received a LoA from BMC
Kaynes' stock has fallen about 30 per cent over the past month as against a 1.4 per cent rise in the Nifty, largely on worries around accounting and collections in the smart-meter business
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Analysts remain upbeat on Eicher Motors owing to domestic demand aided by government-led consumption measures, such as income tax relief/ GST rate cuts; a rural demand uptick, and new model launches.
Till 01:31 PM on Wednesday; a combined 10.33 million equity shares representing 15.4 per cent of total equity of Kaynes Technology changed hands on the NSE and BSE.
In the past one month, RIL shares have gained 4 per cent as compared to a 1.4-per cent rise in the BSE Sensex
Prosus keeps an 11.2% stake after the closely watched listing, adding to a string of Indian tech IPOs
The buying on the counter came after the board of directors approved to make further investment up to ₹100 crore in FIT 3PL Warehousing Private Limited
Technical charts show that stocks such as IndiGo, Hindustan Unilever, Apollo Hospitals and Tata Motors Passenger Vehicles are trading in oversold territory based on the RSI parameter.
Groww shares are currently trading 45 per cent above its issue price of ₹100 and 30 per cent its listing price of ₹112 per share.
AU Small Finance Bank in focus: The Finance Ministry has increased the foreign investment limit in the private-sector bank from 49 per cent to 74 per cent.
The stock was in demand after the Competition Commission of India (CCI) granted approval to Avenir Investment RSC to acquire controlling stake in the company
By 10:25 AM, SEPC shares were trading 2.92 per cent higher at ₹9.15 apiece. In comparison, BSE Sensex was trading 0.39 per cent higher at 84,994.27 levels.
Analysts expect telcos' FY25-28 ARPU to grow at 12% CAGR given the consolidated industry structure, to ensure a '3+1' player market and higher ARPU requirement for Jio.
During the weekly expiry session, Nifty witnessed heightened volatility and ended the day at 25,839, down 120 points
The picture is even weaker for regular plans, with just two schemes managing to stay ahead of the benchmark
Acquisition of the group's rail business aligns with plans for a logistics build-out and lifts pressure off JSW Steel's total logistics expenses