India’s largest life insurer Life Insurance Corporation (LIC), two-wheeler major Hero MotoCorp and pharma stocks like Novartis, Zydus Lifesciences and Lupin will be among 25 companies which will be holding their record dates for the purpose of dividend. Check if you own any of these stocks: Monday, July 21 It will be the ex-date and … Read more
Shares of Belrise Industries jumped 16.4% to a record high of Rs 119.2 on Friday, extending their four-day rally following a bullish note from global brokerage Jefferies. Jefferies initiated coverage on the stock with a ‘Buy’ rating and a price target of Rs 135. The brokerage expects strong earnings growth backed by rising two-wheeler (2W) … Read more
The fourth quarter earnings season is picking up momentum and on Tuesday as many as 83 companies will announce their quarterly numbers. Key earnings to watch out include from Airtel, Tata Motors, Cipla, Hero Moto and GRSE. Apart from the above, AB Capital, Alembic, ASK Automotive, Bharti Hexacom, Honeywell Automation, IB Infotech Enterprises, Indo Borax, … Read more
The initial public offer (IPO) of Ather Energy will open for subscription today. The company is planning to raise about Rs 2,981 crore through the IPO, where it is offering fresh equity shares of 8.18 crore and an offer for sale (OFS), which comprises 1.1 crore shares. Under the OFS, promoters Tarun Sanjay Mehta and … Read more
Bajaj Broking advises only well-informed, surplus fund investors to consider Ather’s IPO with a long-term horizon. Despite financial losses and high debt, it sees potential in the company’s future scale-up plans and strong backers. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the … Read more
Mumbai: India’s primary market is poised to snap a two-and-a-half-month dry spell, with electric scooter maker Ather Energy gearing up to launch its ₹3,000 crore initial public offering on April 28, said people familiar with the matter. The Bengaluru-based startup, backed by Hero MotoCorp, is expected to be valued at ₹9,900 crore pre-IPO and ₹12,500 … Read more
Stocks such as ITC and Cochin Shipyard will be in focus next week as they approach their record dates for corporate actions including dividends, bonus shares, and stock splits. The record date serves as a cut-off date when companies determine which shareholders qualify for corporate benefits. For shareholders to be eligible for buybacks, bonus issues, … Read more
Aimed at the trinity of fiscal prudence, investment, and growth momentum, the Union Budget saw the introduction of employment incentives and a simplified income tax regime, which should boost consumption. Investors were, however, caught off guard due to the increase in LTCG and STCG tax rates, leading to a knee-jerk reaction on D-Street. “While the … Read more
The average market capitalisation cut-off for a stock to make it to the largecap category in the upcoming Amfi semi-annual categorisation is expected to be Rs 84,000 crore compared to an average of Rs 67,000 crore in the six months ending December 2023, Nuvama said in a note. Meanwhile, the midcap threshold is likely to … Read more
The board of Hero MotoCorp, the largest investor in Ather Energy, approved the purchase of an additional stake of 2.2% in the electric scooter maker for about Rs 124 crore. Last year, Hero had hiked about 3% stake in Ather Energy for about Rs 340 crore. Recently, Ather Energy has raised Rs 286 crore from … Read more