Welspun Corp share price rallied 4% to a 52-week high of Rs 795 in Tuesday’s trade on BSE following the announcement of a major order worth Rs 2,400 crore in the United States. “We are pleased to announce the receipt of a significantly large order in the USA valued at Rs 2,400 crore (approx.), for … Read more
Shares of state-owned company RITES rallied 12.5% to its day’s high of Rs 383.35 on BSE as the stock started trading on an ex-dividend and an ex-bonus basis from today. The company announced a final dividend of Rs 5 per share and a 1:1 bonus share issue earlier in July for its eligible shareholders, while … Read more
Berkshire Hathaway’s Vice Chairman Ajit Jain has sold more than half of his stake in the company, garnering $139 million, according to a Bloomberg report. According to the SEC filing, Jain, who is one of Warren Buffett’s top lieutenants, sold 200 of his class A common stocks at an average of $695,418 per share, just … Read more
State-owned NBCC (India) Ltd on Saturday said the board has approved issue of bonus shares in a ratio of 1:2 to eligible shareholders and the company will utilise Rs 90 crore free reserve for this purpose. In a regulatory filing, the company informed that the board has approved issuance of bonus shares and fixation of … Read more
Hero MotoCorp on Tuesday reported a standalone net profit of Rs 1,123 crore for the quarter ended June 30, 2024 which was up by 36% from Rs 825 crore posted by the two-wheeler maker in the year ago period. The revenue from operation for the reporting quarter stood at Rs 10,144 crore, which was up … Read more
Power Grid on Friday reported a standalone net profit of Rs 3,412 crore in the first quarter ended June 2024. This is a fall of 4% from Rs 3,542 crore posted in the same quarter last year. Revenue from operations during the same period declined 2% year-on-year to Rs 10,068 crore as against Rs 10245 … Read more
Radhakishan Damani, through his entity Derive Trading, on Wednesday offloaded a partial stake in tobacco company VST Industries through bulk deals. According to exchange data, Damani sold about 2.62 lakh shares or about 1.7% stake in the company at Rs 4,102 apiece. This takes the transaction value to Rs 107 crore. According to the latest … Read more
Shares of Reliance Consumer Products-owned Lotus Chocolate surged 10% in the last 2 days to freeze at its upper circuit today at its new all-time high of Rs 772.50 after the company reported a drastic jump in its Q1 profit after tax (PAT). Lotus Chocolate has posted a net profit of Rs 9.41 crore for … Read more
Shares of Life Insurance Corp have delivered the highest returns among the top 10 companies by market capitalisation in the last one year period. The insurer, which is the only non-Sensex stock in this list, gained about 74% during the reporting period. LIC comfortably beat Reliance Industries Ltd (RIL) as the latter rallied only just … Read more
Vodafone Idea on Thursday approved the first tranche of allotment of over 41.52 crore equity shares worth Rs 615 crores on a preferential basis to Nokia Solutions and Networks India Private Limited and Ericsson India Private Limited, the company said in its filing to the exchanges. The shares were issued at a price of Rs … Read more
