APTUS VALUE HOUSING SHARE PRICE
UltraTech to buy 23% stake in India Cements for Rs 1,885 crore
UltraTech Cement approved acquiring a 23% stake in India Cements for Rs 1,885 crore at Rs 267 per share, describing it as a financial investment. The deal, which has been described as a "financial investment" by the Aditya Birla Group company, would be done in cash payment. UltraTech's stock surged 6% to Rs 11,811, and India Cements rose 12.5% to Rs 295.75 on the news.
Share market update: Most active stocks of the day in terms of traded value
The NSE Nifty index closed 51.0 points up at 23567.0
Share market update: Most active stocks of the day in terms of total traded value
The NSE Nifty index was trading 0.91 points up at 23516.9
PNB Housing Finance shares tumble nearly 5% after large block deal
Shares of state-owned PNB Housing Finance dropped 4.8% to Rs 800 in early Thursday trading on the BSE, after a block deal where 1.36 crore shares changed hands. Asia Opportunities Fund and General Atlantic likely sold a 5.2% stake at a floor price of Rs 773, an 8% discount from the previous close of Rs 840.
Brokerages raise price targets of Vedanta citing multiple positives
The average of revised price targets given by the six brokerages and research firms such as Nuvama, Phillip Capital, IIFL, CLSA, Motilal Oswal Financial Services and Investec, is Rs 536, indicating a 19% upside over Vedanta's closing price of Rs 450.
Share of high-value property transactions doubles since 2019
There has been a consistent increase in the sale of properties in higher price brackets, including those valued between Rs 75 lakh-1 crore and above Rs 1 crore. This trend suggests a growing inclination towards upscale real estate offerings, potentially driven by factors such as increased disposable income and changing lifestyle preferences.
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Should you buy a house now before property prices soar or wait for home loan interest rates to drop?
A favourable wealth effect, driven by a sharp rise in the equity markets, is enticing many first-time homebuy ers to take the plunge, while affluent buyers are looking for second homes. If you are a fence-sitter, still unsure about when to buy a house, this market presents a big dilemma. Is it the right time to buy a house?
Share market update: Most active stocks of the day in terms of total traded value
The NSE Nifty index was trading 143.61 points down at 22744.55
Injunction filed against Rahul Gandhi and PM Modi over alleged defamatory statements against Adani Group
An injunction has been filed against Congress leader Rahul Gandhi and Bharatiya Janata Party's (BJP) leader and Prime Minister Modi Narendra Modi over alleged defamatory remarks on Adani Group by Surjit Singh Yadav, a farmer, social worker, and investor in the Indian Stock Market. The suit seeks to restrain alleged defamatory statements, including when Gandhi accused the Centre of waiving loans worth Rs 15-16 lakh crore for industrialists, including Gautam Adani.
Stocks to buy: Bet on stocks with good entry points now; 5 stocks with up to 27% upside potential
Stocks to buy: Identifying recently corrected stocks with good fundamentals can be effective in the current market. Moving averages help distinguish between stocks in correction and those in a bear trend. Stocks that have seen a recent correction and are fundamentally sound can prove good investment bets.
Hudco Q4 Results:Net profit rises 9% YoY to Rs 700 crore
The company's total income for the quarter was 18% higher at Rs 2,194 crore against Rs 1,862 crore. Its board recommended a final dividend of Rs 2.65 per equity share on the face value of Rs10 each for the financial year 2023-24.
Promoters of Aptus Value sell shares worth Rs 1,028 crore
Shares of Aptus Value Housing Finance fell 5.56% to close at ₹298.6 on Tuesday. In the past one month the housing finance company's shares have fallen 6.7%.
Awfis raises Rs 269 crore from anchor investors ahead of IPO
For the anchor portion, Awfis has allocated 7.01 million shares at Rs 383 apiece. The investors include mutual funds such as Invesco India Multicap Fund, Axis Mutual Fund, ICICI Prudential Housing Opportunities Fund, HDFC Small Cap Fund, Goldman Sachs India Equity, Allianz Global Investors Fund and HSBC Global Investment Fund.
Share market update: Most active stocks of the day in terms of total traded value
The NSE Nifty index was trading 31.85 points down at 22470.15
Housing prices in top 8 markets rise average 10% on-year in Q1: Report
Residential real estate in top Indian cities saw a 10% average price increase YoY in the Jan-Mar quarter, driven by strong demand. Bengaluru, Delhi NCR, Ahmedabad, and Pune led with double-digit growth. Unsold inventory increased marginally nationally but dropped in Pune, Delhi-NCR, and Ahmedabad. Bengaluru and Hyderabad saw a slight dip in unsold units quarterly. Developers are monitoring stock and demand for new launches.
Sanjiv Bhasin on why Biocon is a Dark Horse play and Mankind a ‘Hold’
Sanjiv Bhasin says Mankind has been a revelation purely on the back of some of the launches which have been well accepted and their domestic business has actually been way ahead of most of the peers. There is margin on the upside given that it is enlarging its share., but the stock has already run up a lot. So he says it should be a 'hold' for now.
Share market update: Most active stocks of the day in terms of traded value
The NSE Nifty index closed 17.3 points down at 22200.55
Share market update: Most active stocks of the day in terms of total traded value
The NSE Nifty index was trading 34.05 points down at 22183.8
Shriram Finance shares climb over 5% on sale of housing finance subsidiary
Shares of Shriram Finance surged 5% to Rs 2,419 on Tuesday following the approval from its board to sell its housing finance unit, Shriram Housing Finance (SHFL), to US private equity firm Warburg Pincus for Rs 4,630 crore. Shriram Finance, which holds a controlling stake in SHFL, and Valiant Partners L.P.
Shriram Finance to sell housing finance subsidiary to Warburg Pincus for Rs 4,630 crore
Warburg Pincus will acquire the stake through its affiliate Mango Crest Investment from all the sellers. Shriram Finance (SFL) holds a controlling stake in SHFL while private equity firm Valiant Partners L.P. (Valiant), Mauritius, holds the remaining ownership. As a part of this transaction, Valiant will also completely divest its equity stake to Warburg Pincus, the company filing said.
Godrej Properties shares surge nearly 10% to record high. Should you invest?
Godrej Properties shares surged 9.7% to a record high of Rs 2,816.90 on BSE. Brokerages raised target prices after a 14% YoY increase in consolidated net profit to Rs 471 crore for Q1 2024. The company achieved its highest-ever quarterly sales, with booking value at Rs 9,519 crore.
Aptus Value Housing Finance Q4 Results: Net profit jumps 21% YoY to Rs 164 crore
The lender's assets under management expanded 29% year-on-year to Rs 8722 crore, while gross non-performing assets ratio improved a bit to 1.07% at the end of March from 1.15% a year back.
Puravankara records highest-ever annual sales value, customer collection in FY24
Bengaluru-based real estate developer Puravankara achieves record-high annual sales and customer collections in FY24, with sales reaching Rs 5,914 crores, a 90% increase, and customer collections rising by 60% to Rs 3,609 crores. The company attributes its success to operational dedication, customer trust, and successful new launches. Land acquisitions and redevelopment projects contribute to growth.
PNB Housing Finance’s shares jump 14% on CARE Ratings upgrades
The instruments in which the ratings have been revised upwards include long term bank facilities, long term/short term bank facilities, bonds, long term instruments, non convertible debentures (NCDs), tier II bonds, fixed deposits and commercial papers.
K Raheja inks pact to jointly develop 2.5-acre land parcel in Mumbai’s Worli
The developer’s residential platform and the landlord have finalised a revenue share structure for the proposed joint development, wherein K Raheja Corp will get 57% revenue share, while the balance 43% will go to the landlord. As per this agreement, the developer will be responsible for all planning, design, approvals, execution, branding, and sales efforts. The pact stipulates that K Raheja Corp is expected to complete the project within five years.
DMart among 7 stocks on which brokerages initiated coverage, expected to rally up to 30%
A host of brokerage firms, including global and domestic, have initiated coverage on several stocks. They are bullish on these companies, which include Avenue Supermarts, JSW Infra, Sula Vineyards, and BEML with a targeted upside of up to 30%. Here is a list of 7 stocks on which brokerages initiated coverage:
Indiabulls Housing Finance rights issue lists at Rs 92/share
The intrinsic value of the partly paid shares is calculated by subtracting the pending instalment payment from the Thursday closing price of Indiabulls Housing Finance, resulting in the value of ₹88.75. The closing price of Indiabulls Housing on Thursday was ₹188.75, and the instalment to be paid is ₹100 per share.
Peak XV Partners sells 1.5% stake in Aptus Value Housing for Rs 213 crore
Peak XV Partners, through its affiliate, Peak XV Partners Investments VI sold the shares in two tranches of Aptus Value Housing Finance India on the National Stock Exchange.
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