The board of Matrimony.com has approved a share buyback of Rs 72 crore at a price of Rs 1,025 per share, which is a 27.5% premium over Thursday’s closing price. Following the announcement, the stock surged 3% to a day’s high of Rs 829.55. “Board approved the proposal of buyback of 7,02,439 fully paid-up equity … Read more
PN Gadgil Jewellers, the second largest organised jewellery players in Maharashtra, has announced that its initial public offer (IPO) will be launched on September 10. The issue size is pegged at Rs 1100 crore. The company’s IPO comprises a fresh equity issue of Rs 850 crore and an offer for sale of Rs 250 crore. … Read more
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
Caplin Point Laboratories, which is engaged in developing and marketing a range of generic formulations, has seen a stellar rally in the last 10 year period, rising as much as 2,767%. Accordingly, if an investor had invested Rs 10,000 in the stock four years ago and stayed put, the investment would have jumped to 2.7 … Read more
Adani group stocks significantly recovered, surging by up to 6% in Wednesday’s trade after experiencing a sharp decline of as much as 15% in early trading. ACC, Ambuja Cement, Adani Green Energy, and Adani Ports surged between 3-6%. In early Wednesday trade, Adani Energy Solutions declined 15%, while Adani Power fell 12%. Adani Enterprises, Adani … Read more
Shares of Bajaj Consumer Care plunged over 8% to Rs 238 in Thursday’s trade on BSE after the firm reported a 12% year-on-year (YoY) decline in net profit for Q4 FY24. Additionally, the company also approved a buyback proposal. The company on Wednesday reported a consolidated net profit of Rs 35.58 crore for the March-ended … Read more
