Ashok Leyland shares traded with a marginal dip following the completion of its bonus share allotment. The company issued bonus shares at a 1:1 ratio, granting shareholders one extra share for every share held. This initiative, intended to enhance liquidity and reward shareholders, did not change the company’s overall market capitalisation but doubled the total … Read more
“On the commercial vehicle side, the cycle has been on a moderate growth cycle or a downturn sort of. Now, in the coming year the possibility of a positive surprise, I would say, is greater than that of negative surprise because one, as economic growth picks up, interest rates move down, it will definitely generate … Read more
India Inc’s Q4 FY25 earnings season continues this week, with 81 companies scheduled to release their financial results. Key names to watch include ITC, Sun Pharma, IndusInd Bank, Power Grid Corporation of India, Hindalco, Interglobe Aviation (IndiGo), ONGC, Bharat Electronics, DLF, Dixon Technologies, Solar Industries, United Spirits, Ashok Leyland, Grasim, RVNL, and Honasa Consumer. Here … Read more
Higher Promoter Pledge “Promoter Increasing Pledge” refers to a situation where company promoters are pledging a larger portion of their shares as collateral for loans or other financial purposes. In the Nifty500, we have highlighted the top 5 stocks with an increase in promoter pledge during the December ’24 quarter compared to the September ’24 … Read more
The grey market premium (GMP) on Kross‘ shares have reduced by half to Rs 24 from Rs 50 ahead of the listing of the stock on September 16, Monday. This is a 10% premium over the issue price of Rs 240 per share. The three-day initial public offering (IPO) which ended on September 11 got … Read more
Kross Ltd has raised around Rs 150 crore from 19 anchor investors ahead of its IPO. The company has allotted 62.49 lakh shares at Rs 240 apiece, which is the upper end of the price band. Marquee anchor investors who participated in the round include EastSpring Investments, Matthews Asia Funds, LIC MF, ICICI Prudential, Axis … Read more
Jun 17, 2024, 01:36:38 PM IST In its latest mutual funds analysis, ETMarkets has highlighted stocks that saw a significant increase in the number of shares held by mutual fund holdings in May from the month of April. Approximately 36 stocks observed an increase of over 1 crore shares in May. To further narrow down … Read more
Ashok Leyland shares zoomed nearly 6% on BSE today to their new all-time high of Rs 222.80 after reporting a 20% year-on-year (YoY) increase in its Q4 net profit at Rs 900.41 crore. Revenues from operations in the quarter under review stood at Rs 11,266.69 crore as compared to Rs 11,625.67 crore in the year-ago … Read more
Ashok Leyland Ltd, part of the automobile space, has fallen by over 10% from its recent high recorded in August 2023 and the chart pattern suggests that the weakness could continue.Short -to medium-term traders can look to sell the stock now for a possible target towards 150 levels in the next 1-2 months, suggest experts. … Read more
Jamshedpur-based Kross Ltd has filed a draft red herring prospectus with the Securities and Exchange Board of India (SEBI) to raise funds through an initial public offering (IPO) of shares. The Rs 500 crore worth IPO comprises fresh issue worth up to Rs 250 crore, and an offer for sale aggregating upto Rs 250 crore … Read more