5 companies that have recently announced dividends are turning ex-dividend this week. The ex-dividend date refers to the business day before the record date. Investors who buy the shares on the ex-dividend date or later are ineligible to receive dividends. Here’s a list of five companies that are about to turn ex-dividend this week: Gateway [...]
This stock is another example of how staying invested in a company for the long term can help investors get multibagger returns. On 31 August 2001, the shares were trading at ₹ 1.77 and currently, they are being traded at ₹2,660.00 levels, giving its long-term investors multibagger returns of 1,59,181.44%. Investors who had invested ₹1,00,000 [...]
The benchmark indices opened higher on Friday, tracking gains in Wall Street and other Asian Markets. Some of the top gainers were from the oil & gas, financial services, metal and pharmaceutical sectors, however, there was weakness in select IT stocks. A lot of companies are about to declare their quarterly results today. Brokerage houses [...]
Benchmark indices BSE Sensex and the NSE Nifty 50 ended nearly 1% lower on Friday after erasing all opening gains. The Sensex dived 0.8% or 460 points to settle at 57060.87, while the Nifty 50 plummeted 0.83% to finish trade at 17,102. There was heavy turbulence in the market due to fears of a global [...]
The two-wheeler industry is showing signs of improvement after three consecutive years of volume decline. The retail volumes in the recent months imply annualized volumes of 15-16 mn, which if maintained, would result in 12-19% wholesale volume growth in FY23, according to 5Paisa. The two-wheeler industry saw a sharp decline in the demand around the [...]
Varun Beverages Ltd, PepsiCo's largest franchise bottler, has reported a nearly two-fold jump in consolidated net profit to Rs 271.09 crore for the first quarter ended March 2022, driven by volume growth and improved revenue. The company, which follows the calendar year as its financial year, had posted a net profit of Rs 136.75 crore [...]
The oils to metals conglomerate, Vedanta had announced plans to form a joint venture with Taiwan's Foxconn to support Prime Minister Narendra Modi's plans to make India a semiconductor manufacturing hub, in February this year. The company is seeking various incentives and 1000 acres (405 hectares) of free land from states for its $20 billion [...]
The share price of Vikram Thermo (India) Limited has increased by 21.9% in the last 28 days. At a meeting held on April 01, 2022, the Board of the company approved the increase in authorised share capital to Rs 32 crore divided into 3.20 crore equity shares of Rs 10 each. Further, it also approved [...]
Indian Hotels Limited Motilal Oswal has maintained a buy rating on this multibagger stock that is owned by ace investor Rakesh Jhunjhunwala. A Tata Group hospitality firm, Indian Hotels Limited recently reported a consolidated net profit of ₹ 71 crores in the fourth quarter and revenue from operations of ₹ 872 crores. In a note, [...]
Indonesia, the world’s largest exporter of palm oil, had announced a ban on its exports from April 28, 2022. Oil prices are already on the boil amid the Russia -Ukraine war and this ban will push the prices of edible oils higher. While the ban will pinch the pockets of many people, the rise in [...]
