HCL Technologies announced a significant block deal involving the sale of 1.24 crore equity shares today. This transaction, valued at Rs.1,788.3 crore, represented approximately 0.46% of the company’s total equity. Despite the large scale of the transaction, the identities of the buyers and sellers remain undisclosed. Transaction Details The shares were sold at an average …
GMR Power & Urban Infra Limited Settlement with NHAI On June 28, 2024, GMR Power & Urban Infra Limited disclosed an important update to the stock exchanges. This update pertains to the status of claims settlement by their subsidiary, GMR Hyderabad Vijayawada Expressways Private Limited (GHVEPL), with the National Highways Authority of India (NHAI). Background …
Understanding Central Depository Services Limited (CDSL) Central Depository Services Limited (CDSL) is a Market Infrastructure Institution (MII) that plays a crucial role in the capital market structure. It provides a wide range of services to various market participants including exchanges, clearing corporations, depository participants (DPs), issuers, and investors. Role of CDSL in the Market CDSL …
Bharti Airtel Limited, commonly known as Airtel, is an Indian multinational telecommunications services company based in New Delhi. It operates in 18 countries across South Asia and Africa, as well as the Channel Islands. Currently, Airtel provides 5G, 4G, and LTE Advanced services throughout India. Currently offered services include fixed-line broadband, and voice services depending …
A rights issue is a corporation action that allows current shareholders of a company to buy additional shares, generally at a lower price, in proportion to the shares already held. Eligible shareholders will get the right entitlements (REs) in their demat accounts which are meant for applying for the rights issue or can be sold. …
On Thursday, the market’s record run continued with the Nifty crossing 24,000 and the Sensex reaching 79,000 for the first time. The Sensex gained significantly by 0.72%, hitting a record high of 79,396.03, while the Nifty surged by 0.74% to an all-time high of 24,087.45. Among sectors, Nifty IT, Nifty Energy, and Nifty Auto were …
During Thursday’s trading sessions, these three equities gained significantly with price and volume activity, indicating potential bullish action. Here’s an in-depth look. Snowman Logistics Ltd Snowman Logistics Ltd traded at Rs 75.6, up by 1.61% from the previous close of Rs 74.4. The stock has a 52-week high of Rs 84.9 and a market cap …
The packaging industry plays a crucial role in various sectors, from consumer goods to pharmaceuticals, providing essential materials for product safety and presentation. In India, several packaging companies have shown remarkable growth in recent years. This article delves into the top five packaging stocks based on their market performance, profitability, and financial metrics. Name Market …
Traditional Diamond Market Under Pressure The diamond industry faces a new reality. The long-held perception of natural diamonds as symbols of love and luxury is challenged by the rise of lab-grown diamonds. These synthetic stones boast similar physical and chemical properties to natural diamonds but at a significantly lower price point. This has caused a …
On Thursday, the benchmark indices were trading in the green with the Sensex up around 272 points or 0.35% at 78,945, while the Nifty-50 was up around 78 points or 0.33% at 23,947. About 2,074 shares have advanced; 1,402 declined and 169 are unchanged on the BSE. Top gainers and losers on the BSE Sensex …
