Vedanta Demerger Listing: The demerger of mining major Vedanta took effect in today’s trading session. However, the share price performance of the newly listed Vedanta-owned entities has shown little enthusiasm among investors. Vedanta Demerger Listing Out of the five entities created through the demerger, four were trading in the red, while one emerged as an…
Shares of R R Kabel Ltd. gained 2.3 per cent in Monday’s trade ahead of the company turning ex-dividend on June 16 for its final dividend of Rs 5.50 per share. The move comes amid strong investor interest, as shareholders look to lock in eligibility for the payout, with the ex-dividend date marking the cutoff…
Shares of HDFC Bank Ltd. rose nearly 3% intraday on Monday, June 15, after brokerage firm Nomura said the Reserve Bank of India’s proposed FCNR(B) deposit mobilisation scheme could help address several investor concerns around the lender’s funding profile. The stock of India’s largest private lender climbed as much as 2.7% on Monday to make…
Shares of online travel companies TBO Tek, Le Travenues Technology and Yatra Online rallied up to 8% on Monday, June 15, after brokerage Motilal Oswal turned bullish on the sector, citing strong growth prospects and improving profitability. The brokerage reaffirmed its ‘Buy’ recommendation on TBO Tek, while initiating coverage on Ixigo and Yatra Online with…
Dharmesh Kant, Head of Research at Chola Securities, expects the commodity upcycle to continue for another year despite near-term volatility. He sees any correction in metal prices as a long-term buying opportunity, supported by reconstruction activity in the Middle East and a revival in infrastructure spending in countries such as India. Kant remains positive on…
Vedanta Demerger: Vedanta Ltd’s much-awaited demerger into five separate listed entities came into effect during the June 15 trading session, marking a major milestone in the conglomerate’s restructuring journey. Following the demerger, shareholders of Vedanta received shares in four newly created companies: Vedanta Aluminium Metal Ltd, Vedanta Oil & Gas Ltd, Vedanta Power Ltd, and…
Vedanta Group Chairman Anil Agarwal believes that he does not need to have complete ownership of the company as long as it continues to grow, and that every demerged entity has the potential to be a $100 billion business. In an interaction with CNBC-TV18 on Monday, June 15, the day all four demerged entities of…
Cyient Share Price Target 2026: Brokerage firm Emkay has retained a Reduce rating on mid-tier engineering services provider Cyient’s stock, citing that corrective actions underpin hopes of growth rebound. At 9:30 AM today, shares of Cyient were trading at Rs 893.45, up 1.74 per cent from the previous close. What caused Cyient’s share price to…
Stock Market Today: Indices rally on US-Iran peace deal; Nifty up 1.5% near 24,000, Sensex surges nearly 1,200 points Source link
In the previous trading session, Shriram Finance Ltd surged to a closing price of 954.95, marking a robust gain of 7.75%. Bajaj Finance Ltd advanced 5.49% to close at 918.3, while Larsen & Toubro Ltd increased by 4.85% to 4049.3. Interglobe Aviation Ltd and Titan Company Ltd followed, closing at 4709.7 and 4184, with gains…
