India’s leading retail mall developer and operator Phoenix Mills has announced that its board of directors will be considering the issue of bonus shares for its shareholders in its upcoming board meeting scheduled on July 31. “In furtherance to our letter dated July 24, 2024, regarding intimation of Board Meeting scheduled to be held on … Read more
India Inc had a strong end to the last fiscal year 2023-24 with profitability in the fourth quarter beating most analysts’ estimates. Sectors such as autos, industrials and PSU banks posted a strong quarter, whereas earnings of consumers and exporters were weak. ETMarkets analysed the results of BSE500 companies in FY24 and found that about … Read more
Shares of Varanium Cloud, caught in Sebi’s crossfire, saw its wealth nearly wiped out from the peak in October last year. The stock scaled a 52-week high of 239.5 in October 2023 and crashed all the way down to Rs 29.3 in the latest trade, falling as much as 87%. The company made its debut … Read more
Are good days for public sector stocks nearing an end? It may not be the case for the entire pack but some of the stocks not only saw a double-digit correction but also a reduction in mutual fund holdings. Mutual funds reduced exposure in 14 public sector stocks in February, of which, seven of them … Read more
Market returns and flows are always a function of earnings growth and the strong show by corporate India so far in the current financial year has made foreign investors fall in love with Dalal Street. Atleast 31 companies that have reported a double-digit earnings growth for three quarters in a row saw consistent rise in … Read more
