GODAWARI POWER SHARE BUYBACK
Corporate Watch: M&M, Tata Comm among 36 stocks in spotlight this week
Welspun Enterprises and DJ Mediaprint declared dividends with ex-dates on July 5. Escorts Kubota also set July 5 as the ex-date for dividend issuance. Several other companies like Tide Water, SKF India, and Balaji Amines have dividend and ex-date announcements in the same week.
Stock Radar: Multibagger in 1 year! Should investors book profits or buy the dip in GPIL?
GPIL's stock surge and bullish momentum are supported by technical indicators. With a target set at 1,327, experts recommend implementing a stop loss at 1,040 to navigate market volatility effectively.
Big movers on D-Street: What investors should do with Paytm, Godawari Power, and Som Distilleries
The primary price trend of Godawari Power has increased significantly by 157% YoY. The stock recently experienced a technical pullback from its shorter-term weekly moving averages, climbing 35% in under four weeks. Hence, the counter is now trading 14% higher than its mean, increasing the likelihood of profit-taking.
Godawari Power & Ispat announces Rs 301 crore buyback, shares surge 6%
Godawari Power & Ispat shares surged 6% on BSE to an all-time high after approving a Rs 301 crore share buyback. Som Distilleries shares dropped 16% due to a Madhya Pradesh plant issue.
Godawari Power and Ispat board approves Rs 301 crore share buyback at 30% premium, sets record date
This buyback, amounting to Rs 301 crore, represents up to 1.64% of the company's total paid-up equity share capital as of March 31, 2024 (excluding 45 lakh equity shares held by the Trust in Treasury), the company said in an exchange filing.
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Milind Karmarkar on two sectors that may outperform in Modi 3.0
Power utilities have already done well and possibly they will continue to do well because there is growth in that sector. So, many of these companies are putting in new power plants and things like that. So, there is definitely growth in that sector.
Stocks in news: Bajaj Finance, Kronox Lab, IDBI Bank, Dr Reddy's, Godawari Power, Jubilant Pharmova
Domestic markets navigated a volatile week, ending near all-time highs. Bajaj Finance filed for a Rs 7,000 crore IPO, Kronox Lab to debut with 30% premium, Godawari Power eyes share buyback, Dr Reddy's unit gets FDA observations, and Jubilant Pharmova faces FDA scrutiny.
Be selective in FMCG stocks, in infrastructure, wait for dips: Gurmeet Chadha
Gurmeet Chadha says one of the main issues with most EPC construction names is the working capital cycle and margins because the projects are long gestation, you do not know what commodity prices would behave and people have some memories of 2003 to 2008 when there was euphoria and followed by a 10-year hiatus.
Bet on PSUs only if bullish on India growth story; never in the short-term: Anand Sharma
Anand Sharma discusses the extensive impact of public sector enterprises in various sectors under government control, emphasizing the wide theme of PSU equity with a focus on power, oil, financials, logistics, metals, and mining. Sharma says , PSU equity fund is a thematic fund and should be a smaller part of any investors investable corpus.
Apple sales fall less than expected, CEO sees return to growth
Apple increased its cash dividend by 4% and authorized an additional program to buy back $110 billion of its stock. The buyback is the largest in the company's history, according to Investing.com analyst Thomas Monteiro.
Apple unveils record $110 billion buyback as results beat low expectations
Apple's quarterly results beat expectations with a record share buyback program and increased cash dividend. The $110 billion stock buyback is the largest in the company's history. CEO Tim Cook foresees revenue growth.
Google parent announces first-ever dividend; beats on sales, profit; shares soar
ALPHABET-Google parent announces first-ever dividend; beats on sales, profit; shares soar
Google parent announces first-ever dividend; beats on sales, profit; shares soar
Alphabet announced its first dividend and a $70 billion stock buyback, leading to a 16% stock surge. The company invests in data centers for AI competition, beating sales and profit expectations, while Meta Platforms also declared its first dividend.
Ahead of Market: 10 things that will decide stock action on Monday
Indian benchmark equity indices defied global weakness to close higher on Friday, boosted by HDFC Bank, although the gains were not enough to prevent their first weekly loss in five on worries over the Middle East conflict and U.S. rates.
Ahead of Market: 10 things that will decide D-Street action on Wednesday
In a bustling session, Nifty closed around 22,200 defending the previous session's low at 22,075 and, prompted a rebound to regain the initial lost ground, said Rajesh Bhosale, Technical Analyst, Angel One. The sentiment remained bullish throughout the day as intraday dips were met with buying interest, Bhosale added.
Up, Up & Away! 5 stocks with solid gains in last quarter still show room for returns
A Trendlyne screener shows stocks that have risen over the past quarter with high average Forecaster target price upside in percentage terms. Here's a look at the top 5 stocks:
Should you go for HFCs and not real estate stocks? Is it time for Reliance to move up? Deven Choksey answers
Deven Choksey says: Reliance in particular has always moved once in four years. If they moved in FY2020-21, I guess the time will be now for the stock to move up. Why is it once in four years? Every time this company takes money from investors and puts it into the capital expansion, after four years, the project gets completed and thereafter the reward time starts for this company.”
Ahead of Market: 10 things that will decide stock action on Monday
All three major U.S stock indexes oscillated for much of the session, but by closing bell the S&P 500 was nominally lower, the Dow was modestly higher and interest rate-sensitive tech- and tech-adjacent momentum stocks put the Nasdaq out front
Azure Power looks to buy back $60-M offshore bonds at par
The move to buy back shares is seen as an attempt by the company to boost investors' confidence, which suffered a setback after its shares were delisted in July by the New York Stock Exchange due to its failure to disclose FY22 annual audited results within the mandated deadline. It eventually published its results on October 12, 2023.
Ahead of Market: 10 things that will decide D-Street action on Thursday
Indian equity indices declined on Wednesday as Bajaj Finance led a slide in financials after disappointing results and due to nagging concerns over elevated oil prices and US interest rates as well as the Middle East conflict.
FII activity, L&T share buyback among top 10 factors to impact D-Street mood this week
In the coming days, the market may react to some major macroeconomic data such as US S&P Global manufacturing and services PMI, initial jobless claims, building permits, crude oil inventories, existing home sales, FOMC policy outcomes, UK and Eurozone inflation, among others, Nanda said
Corporate actions this week: Eicher Motors, ONGC to go ex-dividend, Avantel ex-split and more
Action Construction Equipment (Re 1/share), Benares Hotels (Rs 20/share), Bharat Electronics (Rs 0.6/share), Relaxo Footwears (Rs 2.5/share), Shilchar Technologies (Rs 10/share), The J&K Bank (Rs 0.5/share), Vedant Fashion (Rs 9/share), V-Guard Industries, The South Indian Bank, and Industrial & Prudential Investment Company will trade ex-dividend on August 17.
Domestic investors step back in Q1 as share in listed cos drops after 6 quarters
The share of domestic institutional investors, along with retail and high networth individuals (HNIs) in NSE-listed companies declined for the first time in six quarters to 22.5%, according to data sourced from Primeinfobase.
Share market update: Most active stocks of the day in terms of total traded value
The NSE Nifty index was trading 121.75 points up at 19093.85
Stocks in news: Vedanta, Delhivery, Power Grid, JSW Steel, PNB, Shree Cements, BPCL, PB Fintech
BEL's net profit rose nearly 20% to Rs 1,382 crore for the fourth quarter, while revenue from operations increased 2% to Rs 6,479 crore.
Wipro share buyback: Can buy-now-tender-later trading strategy give smart returns?
Indian IT major Wipro has announced a buyback of up to around 26.97 crore shares at INR 445 ($6.05) per share as part of plans to extinguish about 4.91% of its total share issuance. The tender offer will be worth INR 12,000 crore ($1.62bn) and will be open from the end of June. Wipro is conducting a remote e-voting of shareholders to seek buyback deal approval, with the result set to be declared on 3 June, followed by the release of the buyback timeline.
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