Shares of Ashok Leyland rallied 5% to hit a fresh 52-week high of Rs 156.45 on the BSE on Thursday, following the announcement of a proposed merger of its material subsidiary Hinduja Leyland Finance Limited (HLFL) with NDL Ventures Limited (formerly known as NXTDIGITAL Limited). The merger was approved by the Board of Directors of … Read more
ET Intelligence Group: Tenneco Clean Air India, an auto components company, plans to raise ₹3,600 crore through an offer for sale. The promoter group’s stake will fall to 74.8% after the IPO from 97.3%. It is a subsidiary of the US based Tenneco Inc, which designs and manufactures clean air and powertrain products for automotive … Read more
Seven mutual funds reduced their exposure in around 20 small cap stocks in September. Fund houses add or sell or trim their exposure to actively manage their portfolios and offer good returns. Here is a detailed breakup, according to a report by Nuvama Institutional Equities. Source link
Rajesh Palviya, Axis Securities, shared his outlook on the markets and trading strategies amid heightened volatility. He noted that uncertainty stemming from global cues, particularly comments from US President Trump, has kept investors cautious despite several reform-driven announcements from the Indian government. According to him, the Nifty has breached crucial support zones, specifically the 61% … Read more
Auto stocks rallied as much as 6% on Monday ahead of the all important two-day GST council meeting that starts on Wednesday, September 3. Sectorally, auto trumped its peers with the Nifty Auto index finishing the day with 2.8% uptick. All the 15 stocks settled in the green. The positive sentiments helped stocks sail through … Read more
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