The Board of Easy Trip Planners has approved the issue of bonus shares as well as a stock split. Both corporate actions will take place on or before December 8, 2022. Easy Trip Planners (Ease my trip) is a travel company that got listed on the bourses only in March 2021. It provides travel agents [...]
Wind energy solutions provider Inox Wind announced on October 10 that its arm Inox Green Energy Services (IGES) has sold its entire equity stake in three special-purpose vehicles to Adani Green Energy. These are Wind One Renergy Limited, Wind Three Renergy Limited, and Wind Five Renergy Limited. A special purpose vehicle sometimes called a special [...]
The markets opened in red on Tuesday as the benchmark NIFTY50 index fell 0.20% or 35 points. As of 12:10 IST, the 50-basket index was trading at 17,206 points. In the last year, the index has declined 741 points or 4.13%. Contrast this with the performance of the banking industry during the same period. NIFTY [...]
Government-owned Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corporation are expected to post losses in the second quarter ending September of the current fiscal year 2022-23. This may be the first time ever that state oil marketing companies (OMCs) will post losses for the second quarter in a row. As per a report [...]
The shares of IDBI Bank shot up by 10% today as the government invited bids for the bank’s privatization. As of 12:20 IST, the shares of the private sector bank were trading at Rs. 47.07 a piece. Based out of Mumbai, IDBI Bank is a large-cap government-controlled bank with a market value of over Rs. [...]
The shares of credit rating agencies CARE ratings and ICRA inched higher on Friday’s early trades after the Securities and Exchange Board of India (SEBI) took action against their peer. CARE ratings gained 4.81% to reach an intraday high of ₹536.85, while ICRA gained 2.53% to reach an intraday high of ₹ 4100.00. The capital [...]
The shares of JSW Energy shot up more than 12% during intraday trade on Thursday. The company entered an agreement with the Maharashtra government to establish a 960-megawatt hydro pump storage project in Raigarh. As of 11:40 IST on Friday, the shares were exchanging hands for Rs. 334 a piece, up 1.36% for the day. [...]
The shares of Asian Hotels East Ltd opened at Rs 345 and shot up by 5 per cent to trade at Rs 350 levels till 12.10 pm on Tuesday. In the past month, the stock has zoomed by 40 per cent. The board of the company has approved the issuance of Bonus shares. The ratio [...]
Banking and Financial stocks zoomed on Tuesday’s early trades with sizeable gains. Many of them had a gap-up opening and continued to rally amid a strong Q2 update. Bank Nifty gained 3.02% to reach a high of 39,177.50 points. Quarter 2 earnings for this year are scheduled to start next week, however, the following companies [...]
The hospitality sector has been negatively impacted by the covid 19 pandemic. Lockdowns across the country induced restrictions on travel. This led to the hospitality companies reporting negative revenue and profit growth which ultimately drove the stock price down. With the companies gaining momentum, here are 3 hospitality stocks that reached a new 52-week high [...]
