Majesco shares hit a new record high of 1,019 rupees, a 5 percent increase against BSE in Tuesday morning trading after the company said its board approved the payment of interim dividends at a rate of 19,480. per cent, or Rs 974 per share. of face value of Rs 5 …
Read More »The Rs 16,000 cr buyback of TCS opens this week. Should you offer your shares?
The Rs 16 billion share buyback program of Tata Consultancy Services (TCS) information technology (IT) is scheduled to open on December 18 (Friday). In November, TCS shareholders approved a proposal to buy back up to Rs 5.3 million in shares, or 1.4 percent, of the company’s total paid-up share capital …
Read More »Burger King India doubles up on stellar market debut. Should you stay still?
Burger King India (BKIL) stock made a strong debut on the exchanges on Monday, and the Quick Service Restaurant (QSR) stock almost doubled against its issue price. The stock is trading at Rs 115.35, a premium of 92 percent against its issue price of Rs 60 on the BSE. The …
Read More »ACC, Cipla: 66 Nifty 500 stocks show weakness on charts
The national stock market is on a record wave. On Friday, the benchmark S&P BSE Sensex index hit a new all-time high of 46,309.63 during intraday deals, while NSE’s Nifty climbed a record high of 13,579.35. From their March 2020 lows, both Sensex and Nifty are up 80%, data from …
Read More »MARKET WRAP: Sensex Finishes 139 Points Higher in Volatile Trades; ONGC earns 5.5%
(Photo: Kamlesh Pednekar) The domestic stock market ended Friday’s volatile session on a positive note amid healthy purchases in financial stocks, oil and gas, metals and consumer goods. The benchmark S&P BSE Sensex index ended at 46,099, an increase of 139 points or 0.3 percent, while the NSE NIFty ended …
Read More »UPL Shares Fall Due to Diversion Charge; signature denies accusations
Shares of chemical firm UPL Ltd closed down nearly 11 percent Thursday on reports that a whistleblower had alleged failures in the company’s corporate governance and that its promoters had diverted funds. The complainant also alleged that UPL entered into rental agreements with a shell company owned by its employees …
Read More »UPL tanks 15% in complaint of whistleblowers; BSE seeks clarification
Shares of UPL fell 15 percent to 416 rupees on the BSE in intraday trading on Thursday, in large volumes, following a media report saying whistleblowers claimed the company’s promoters diverted money. Clarifying the news report, UPL has said that the company believes there is a sustained campaign to smear …
Read More »LIVE MARKET: Sensex down 200 points, Nifty below 13,500; IRCTC drops 15%
LIVE market updates: Indian markets fell half a percent in Thursday’s opening trade on weak global signals. Among the major indices, the S&P BSE Sensex fell 200 points, or 0.5 percent, to 45,870 levels, giving away the 46,000 mark it had reached in the previous session. The broader Nifty50 index …
Read More »Sensex wins for the fifth day in a row, settles at 46,104; Nifty tops 13,500
Continuing its record streak, the domestic equity market climbed another milestone Wednesday amid broad-based buying and positive global signals. Among the major indices, the S&P BSE Sensex finished above the crucial 46,000 level for the first time at 46,103.50, an increase of 495 points or 1.09 percent. It was the …
Read More »LIVE MARKET: Sensex, Nifty on record; small-cap companies exceed
LIVE market updates: The benchmark indices, which rose half a percent, hovered around their all-time highs in midday trading Monday. The S&P BSE Sensex was trading 210 points, or 0.5 percent higher at 45,290 levels. The index reached an intraday high of 45.349, also its all-time high. The Nifty50 index …
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