Shares of Indian Railway Catering and Tourism Corporation (IRCTC) rallied 6% intraday on 6 September 2021. The company’s shares crossed the Rs. 3,000 mark, hitting a new all-time high of Rs. 3,041.20. Moreover, experts suggest that the shares can continue to hit new records and may even touch Rs. 5,000 per stock levels in the …
HDFC Life Insurance Company has decided to convene an extraordinary general meeting (EGM) on 29 September 2021, seeking shareholder’s approval for the Exide deal. Under this Rs. 6,687 crores deal, HDFC Life, will acquire 100% share capital of Exide Life after paying the promoter Exide Industries Rs. 725.98 crores in cash. This EGM will be …
On Monday, 6 September 2021, the IT major Infosys announced that it had almost completed its shares buyback program. Earlier, the Infosys board had approved an Rs. 9,200 crores buyback program to commence from 25 June, buying back shares at a maximum price of Rs. 1,750 apiece. The buyback committee will meet again on 8 …
2020 saw the stocks of Pharma companies rise as the pandemic struck India. This has led to the Pharma sector recovering from its earlier stagnant performance. Presently, in 2021, it continues to be one of the best-performing sectors. Moreover, Pharma companies have been doing well as the demand for immunity boosters and life-saving drugs takes …
Shares of the online food delivery company and restaurant aggregator Zomato hit another high on 3 September 2021. The company’s shares reached a new excessive of Rs. 150.50, a 9% surge on the BSE intra-day trade. Moreover, combined equity shares of 102 million changed hands on the BSE and NSE (data as of 3:05 PM, …
Bank of India is seeking to reduce the Government of India’s stake in its holdings to 75% as per SEBI’s advice. BoI’s CEO and Managing Director, Atanu Kumar Das, relayed this news to Business Standard at the start of September. The bank wishes to pursue this course of action so that it can have adequate …
Sensex fell from Monday’s high The Indian equity indices were trading in the red on Tuesday morning, giving up early gains and losing almost 200 points on the BSE Sensex. In banking, finance, and oil and gas stocks, there was a lot of selling pressure. The Sensex hit a record high of 58,515.85 points on …
An Overview Concerned about the significant shift in trading activity from the cash market to options, the Securities and Exchange Board of India (SEBI) has advised brokers to raise investor knowledge of the hazards of such products, particularly among new entrants. The capital markets regulator is believed to have inquired about the causes for the …
An Overview The Securities and Exchange Board of India (SEBI), the market regulator, has restricted 85 organisations from participating in the capital market for up to a year due to stock manipulation. A banned entity, whose shares were manipulated, and its five directors are among the prohibited entities. For the next year, they are not …
An Overview Shares of Reliance Industries (RIL) set a new all-time high of Rs 2,477.70 and are up 4% on the BSE in early morning sessions on Monday. After market hours on Friday, the company announced that its subsidiary had purchased a majority stake in Strand Life Sciences Pvt Ltd’s genomic testing business for Rs …
