Private sector lender Yes Bank has inked a share purchase agreement with JC Flowers Asset Reconstruction Company (ARC). The bank on November 28, 2022, informed the bourses that it has acquired an initial stake of 9.9% and subsequently it plans to acquire an additional 10% stake. JC Flowers ARC is an asset reconstruction company under [...]
The shares of Dabur India Ltd opened at Rs 559 on Tuesday and gained approximately 6 per cent to trade at Rs 590 levels. The stock is currently trading near its 52-week high of Rs 602.50 which it reached in August this year. Last month, the company acquired a 51 per cent stake in Badshah [...]
The auto industry has witnessed a host of milestones and has emerged as a strong and valuable segment in India’s manufacturing sector. It has seen the introduction of BS-VI emission norms, the adoption of electric vehicles and the penetration of CASE. The industry is now witnessing a vehicle scrappage policy, which is likely to usher [...]
The shares of Engineers India Ltd. (EIL), a small-cap central public sector undertaking raced up 7.5% in the early hours of the trading session on Monday. The stock hit its fresh 52-week high of Rs 86.50 per share, giving the company a market value of Rs 4,800 crore. Engineers India (EIL) is an engineering consultancy [...]
Veranda Learning Solutions is collaborating with IIM Raipur & the Society for Human Resource Management (SHRM) to launch an Executive Post Graduate Programme (online MBA) in HR management. Veranda Learning Solutions is a publicly listed edtech company. It offers a variety of training programmes for competitive exam preparation, including the State Public Service Commission, Banking, [...]
The shares of Punjab National Bank (PNB) climbed 9.44% on Friday’s early trades to reach a fresh 52-week high of ₹ 55.65. They took the winning run to the eighth straight session. The stock rose. In the past eight days, it has gained 25.62%. The bank on Friday received DIPAM’s approval (the government’s divestment arm) [...]
The shares of G M Polyplast Ltd were trading in green till the afternoon on Thursday at Rs 1,014 levels. In the past five days, the stock has zoomed by approximately 12 percent. In the span of a month, the stock has delivered a return of 92 percent. GM Polyplast Limited is one of the [...]
The shares of FSN E-Commerce Ventures Ltd (Nykaa) tanked by nearly 12% in the last three days, to trade at ₹ 170.75 apiece on Wednesday. The company has been in the news, especially after the issue of bonus shares and after the lock-in period for its pre-IPO investors came to an end. According to the [...]
US-based agency, S&P Global Ratings on November 21 upgraded Axis Bank's long-term issue rating on their senior unsecured notes to 'BBB-' from 'BB+' on improving asset quality. In addition, it raised the private lender’s long-term and short-term issuer credit rating on the lender to 'BBB-/A-3' from 'BB+/B’ and kept the outlook 'Stable' for the bank. [...]
Investors wish to receive maximum returns on their investments. Many of them do this by investing in value stocks. This works in a similar way to buying something at a price lower than its actual value and selling it later at a higher price. Many factors are considered to find value stocks. These include a [...]
