Corporate actions this week: Waaree Renewable Tech to go ex-split; SBI Life, IIFL Securities ex-dividend and more

Corporate actions this week: Waaree Renewable Tech to go ex-split; SBI Life, IIFL Securities ex-dividend and more

There are a host of corporate actions scheduled for this week. SBI Life Insurance Company, IIFL Securities, and Kirloskar Ferrous Industries will trade ex-dividend, while Waaree Renewable Technologies will trade ex-split this week. On Thursday, 14 March, Data Infrastructure Trust and Wonder Electricals (Re 1/share) will trade ex-dividend. Meanwhile, Autoriders International (Rs 0.5/share), IIFL Securities … Read more

How Kotak Equities tweaked its largecap portfolio

How Kotak Equities tweaked its largecap portfolio

Brokerage Kotak Institutional Equities has increased its weight on consumer plays Britannia Industries and Godrej Consumer Products (GCPL) as it tweaked its largecap portfolio while lowering weightage for Macrotech Developers, even as the domestic brokerage remains positive on the residential real estate space. Kotak has increased weights by 20 bps on Britannia Industries and GCPL … Read more

SBI Life Insurance Q4 Preview: Profit likely to drop 33%; VNB margin to be flat QoQ

SBI Life Insurance Q4 Preview: Profit likely to drop 33%; VNB margin to be flat QoQ

NEW DELHI: is likely to see a drop in the net profits year-on-year (YoY) while new business premium growth is likely to be flat, according to analysts tracking the company’s financials. The company will come out with its earnings on Thursday. Axis Securities, in a note, said it expects the company to report a nearly … Read more

Carlyle arm plans to sell all of its 1.9% SBI Life stake

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Mumbai: US private equity fund CA Emerald Investments, an affiliate of Carlyle Asia Partners, is looking to sell its entire 1.9 per cent stake in worth Rs 2,160 crore through the stock exchange platform on Thursday, according to a term sheet issued by the sole book-runner BofA Securities. The sale price has been fixed at … Read more