The Gautam Adani-owned conglomerate issued a statement on Sunday mentioning that it has prepaid a $500 million facility it had taken for Ambuja acquisition financing, adding that the payment came in continuation of promoter’s commitment to repay the leverage. With respect to the same, the group quoted in its release that "This is in line [...]
Vijay Kishanlal Kedia, an Indian ace investor and his company Kedia Securities Pvt. Ltd are among the largest shareholders in several listed companies. He publicly holds a stake in more than 15 listed companies and has a net worth of over ₹ 667.3 crores. Many investors follow the changes in the portfolios of ace investors [...]
Companies announce corporate actions like stock splits to enhance the liquidity of their shares. When a company declares a stock split, the number of shares of the company increases, but the face value of its shares decreases. Meanwhile, the market capitalization remains the same, but the market price per share gets adjusted. The record date [...]
Shares of IndusInd Bank slipped 6 percent today after the Reserve Bank of India (RBI) approved the re-appointment of Mr. Sumant Kathpalia as the Managing Director (MD & CEO). There is a mismatch observed with RBI approving the reappointment for a period of 2 years as against the board's approval for 3 years. The reappointment [...]
From ₹ 310 to ₹ 738.05 apiece, the shares of this multibagger textile stock zoomed 138.08% in a month’s time. If an investor would have invested ₹ 1 lakh in the company’s shares a month ago, the value of their holdings would have been ₹ 2.38 lakhs today! With a market capitalization of ₹ 300 [...]
The shares of Automotive Axles Ltd have shown an upside movement of around 9 percent today. The company’s stock opened its trading session at Rs 2,315 and is currently trading at Rs 2,527 showing an upside of around 9 percent. Automotive Axles, established in 1981, is engaged in the business of manufacturing and supplying Automotive [...]
IT Major Tech Mahindra’s shares zoomed 9.75% and witnessed their largest single-day jump in three years after the company appointed a new MD and CEO designate. Its shares reached an intraday high of ₹ 1164.70 apiece on the National Stock Exchange (NSE) and were trading at ₹ 1,144.00 apiece at 11:21 AM. The company’s current [...]
Penny stocks are shares of small publicly traded companies that are listed on stock exchanges with a Market Cap of upto 200 crores and the stock prices being less than Rs 50. They are not widely traded securities and their potential gains are usually determined by sharp spikes in market volatility. Penny stocks can be [...]
Fall in the select US banks added to the overall Global uncertainty regarding the quantum of the next Fed rate hike. US jobs data that would be released late on Friday will also be crucial for the upcoming Fed meeting as it could also influence the Fed rate decision. Expect the volatility to continue next [...]
The Life Insurance Corporation of India (LIC) has holdings in various Indian stocks. As per the shareholding data for the latest quarter, the insurance behemoth commands a lion’s share of investments in equities by insurance companies. Some of the top holdings in LIC’s portfolio include IDBI Bank(49.24%), LIC Housing Finance(45.24%), Standard Battery(19.99%), Modella Woollens(17.31%), Cochin [...]
