Mazagon Dock Shipbuilders’ share price witnessed a sharp decline of 5.5% on Monday, 3rd February 2025, extending its fall from Budget Day, when it dropped nearly 5%. This movement comes despite an increase in India’s defence budget, raising questions about investor sentiment towards the company. Defence Budget Allocation: A Key Factor As per Budget documents, …
In a significant corporate development, RedTape Limited, a well-known footwear brand, has declared a 3:1 bonus share issue. This means that for every one fully paid-up equity share, shareholders will receive three additional shares, enhancing their holding at no extra cost. The decision, approved by the company’s Board of Directors, aims to reward existing shareholders …
February is set to be a crucial month for several companies as their shareholder lock-in periods come to an end. A news report highlights that as many as 15 companies will see a combined 292.53 crore shares become eligible for trading in the open market. While this does not necessarily mean all these shares will …
On February 03, 2025, as of 12:10 PM, the BSE Sensex was down 0.62% at 77,031.33, while the Nifty 50 was down 0.76% at 23,304.25. The mid-day top gainers and losers for the day are: Mid-Day Top Gainers Symbol Open High Low LTP %chng ITCHOTELS 169.35 179.28 167 177.6 4.01 BAJFINANCE 7,922.20 8,274.00 7,921.05 8,261.65 …
Nestle India’s share price was trending higher on February 3, 2025, even as frontline indices witnessed a decline. At 12:04 PM, the stock was up by 1.39% on the National Stock Exchange (NSE), reflecting investor optimism following the company’s earnings report. Earnings Report: Steady Growth Amid Challenges The Maggi instant noodles maker, Nestle India Ltd., …
Shares of leading Indian auto component manufacturers, including Sona BLW Ltd. and Samvardhana Motherson Ltd., fell sharply on Monday, with declines of up to 8%. The downturn follows US President Donald Trump’s announcement of a 25% tariff on imports from Canada and Mexico, effective Tuesday, February 4, 2025. Additionally, a 10% tariff has been imposed …
SBC Exports Limited has officially approved its 3rd bonus issue, further rewarding its shareholders with additional equity. The company’s Board of Directors, in a meeting held on January 24, 2025, recommended the issuance of 1 bonus share for every 2 shares held (1:2 ratio). This move is subject to shareholder approval through a postal ballot …
Beta Drugs Ltd., a prominent player in the Indian oncology (anti-cancer) pharmaceutical industry, is renowned for manufacturing an extensive array of oncology drugs. With a robust presence both domestically and in export markets, the company ranks among the top 10 oncology firms in India. Many of its flagship products are recognised as market leaders. As …
NCC Limited is one of India’s leading construction and infrastructure companies. Founded in 1978 and headquartered in Hyderabad, Telangana, NCC operates across various sectors of infrastructure development. Got Project Value of ₹424.79 Crores NCC Limited (formerly Nagarjuna Construction Company Limited), a prominent player in India’s construction and infrastructure landscape, has announced the acquisition of a …
KEI Industries has received a tax demand for costs incurred at its corporate office that were not allocated to branches and units. The company believes the demand is unjustified and is exploring legal options to contest it. GST Demand Order Received by KEI Industries KEI Industries Limited has recently received a GST demand order …
