Bonus shares are additional shares that are issued by the company to the existing shareholders without any additional cost. These shares are generally issued in a ratio determined by the board of directors. The record date is a cut-off date that determines the eligibility viz an investor should own the share on the record date. [...]
Small Cap World Fund on Monday acquired software company Mastek Ltd's shares worth over Rs 96 crore through an open market transaction. According to bulk deal data available with BSE, SmallCap World Fund Inc purchased 5,49,676 shares of the company, amounting to a 1.82 per cent stake in the firm. The shares were bought at [...]
Even as MCX decided not to renew its software contract with 63 Moons after September 30, the commodity bourse expects glitch-free trading till its transition to a new trading platform from TCS over the next three-four months. Meanwhile, 63 Moons Technologies, the trading platform vendor to the exchange, in exchange filings on Monday said, MCX [...]
Despite a high double-digit demand growth, the profitability of cement companies is set to fall by 15 per cent because price hikes lag increase in production cost, according to a report. The report by rating agency Crisil, however, said that higher demand will cushion the credit outlook for the sector. Operating profitability of cement makers [...]
A company generally splits its shares when it looks to enhance the liquidity of the stock in the market. After a split the number of shares outstanding increases keeping the total market capitalization the same. The ownership of shares on the record date which is set by the board determines the eligibility of investors. Here [...]
IT stocks are reeling under selling pressure. The Nifty IT index hit a 52-week low of 26,186.70, falling below its previous low of 26,189.40 points, touched on July 15, 2022. Homegrown technology major, Tata Consultancy Services (TCS), shares hit a 52-week low of ₹ 2,926.10, during morning trades on Monday amid heavy volumes. Later the [...]
The shares of Suzlon Energy Ltd tanked 6.04% and were trading at ₹ 8.50 apiece at 11:54 AM on Monday. This happened after the company’s board approved a rights issue at its meeting on Sunday. In addition, the company has allotted equity shares on the conversion of its bonds. Suzlon energy is a small cap [...]
Benchmark indices fell sharply on Monday, with the Sensex and Nifty tumbling nearly 2 per cent each amid weak global market trends and foreign fund outflows. Falling for the fourth straight day, the 30-share BSE Sensex tanked 953.70 points or 1.64 per cent to settle at 57,145.22. During the day, it plummeted 1,060.68 points or [...]
The stock market is subject to high volatility. This is evident with the ongoing correction as the NIFTY 50 has declined by 185.40 points or 1.07% at 17,146 while the BSE Sensex has lost 501.15 points or 0.86% to be at 57,588 till the afternoon on Monday. As fluctuation is inherent to the markets, there [...]
The shares of Hero Motocorp Limited were trading lower by 1.8 per cent at Rs 2,707 levels in the early hours on Monday. In the past week, the shares have shed approximately 4 per cent. Over the last six months, the company has delivered a 15 per cent return to its investors. The marginal drop [...]
