Promoters held 43.92 per cent stake in the company as of 30-Jun-2024, while FII and DII ownership stood at 13.67 per cent and 1.11 per cent, respectively.
Vodafone Idea’s share price fell by 14% on Friday, hitting a low of Rs 12.91 from the previous day’s close of Rs 15.09. This drop followed a target price of Rs 2.5 set by global brokerage firm Goldman Sachs, which also indicated a potential downside of up to 83%. Additionally, based on the recent capital raised, GS has forecast a further 300 basis points of share loss for Voda Idea over the next 3-4 years.
The company has expanded its services for SMBs by integrating forex and risk analytics solutions with its core trade financing products.
A total of 12,881 shares changed hands on the counter till 10:40AM (IST)
Rama Steel Share Price: Shares of small-cap stock Rama Steel Tubes (RSTL) have surged 42% over the past 2 days, nearing their all-time high of Rs 16.82 on the BSE, following the company's announcement of a strategic collaboration with Onix Renewable for green and renewable energy.
Assam Chief Minister Himanta Biswa Sarma announced that Assam Police have identified and pushed back several Bangladeshi nationals attempting to infiltrate the state. Increased security measures are being implemented along the Indo-Bangladesh border, particularly in Karimganj district. Sarma plans to coordinate with Tamil Nadu authorities to verify the credentials of recent arrivals in the textile industry.
Solar farms in the US are being developed to combat climate change and biodiversity loss by incorporating native plants that support pollinators.
Domestic brokerage firm Nuvama has turned bullish on Titan, setting a near-term target price of Rs 4,710 with an upside potential of 26.5%. The firm also predicts a long-term target of Rs 5,425 within 12 months. Early signs indicate a trend reversal and potential gains for the stock.
Equity-oriented hybrid mutual funds provided returns of up to 5.25% in August, with the highest returns coming from aggressive hybrid and balanced advantage fund categories. Out of 112 funds, 109 delivered positive returns. Motilal Oswal Balanced Advantage Fund led with a 5.
Boss Packaging Solutions, criticized for its shabby office, saw its shares debut at a 25% premium on the NSE SME platform. The IPO aimed to raise Rs 8 crore but received bids over Rs 1,000 crore. The company plans to use the proceeds for machinery purchase and working capital.
Onam, a major festival in Kerala, marks the end of the monsoon and the start of the harvest season. Celebrated over 10 days, it honours King Mahabali's return and features rituals, feasting, and cultural events. In 2024, Onam will be observed from September 5 to September 15.
India-US relations have remained strong over the past three decades, regardless of whether a Democrat or Republican is in power. This stability is evident in economic, commercial, defense, and strategic areas. The Biden administration's Indo-Pacific Strategy and Quad initiatives are expected to continue under future administrations, with potential adjustments in trade and human rights issues.
Sri Lanka's presidential election on Sept. 21 will determine the future of the nation still recovering from its 2022 economic collapse. Key candidates include President Ranil Wickremesinghe, opposition leader Anura Kumara Dissanayake, and Sajith Premadasa. The economy remains the central issue, with voters seeking relief from high living costs and taxes.
Netflix is making strides in sustainability by replacing diesel generators with greener alternatives on sets like Virgin River.
On the oil, we will have to just wait for US elections to be behind us to actually know what is the normal level of oil. Before that, everything else is kind of focused towards keeping the oil prices low. And I do not think that is the normal balance of crude oil. My sense is the prices should be around in the range of 70 to 80 and should never be below 70, but we will find out once the elections are over in November.
The $184 billion Qualcomm, which is known for chips found in smartphones and counts Apple as a customer, has been working on plans to buy pieces of Intel for months. Qualcomm's interest and plans have not been finalized and could change, according to the sources.
The stock quoted a 52-week high price of Rs 1556.75 and a 52-week low of Rs 1011.5.
Shares of Indigo Paints fell by 5.7% to a low of Rs 1,452.10 on the BSE during early trading today. This decline followed a block deal estimated at Rs 179.2 crore, representing 2.5% of the company’s equity, at a price of Rs 1,493 per share. Reportedly, 1.2 crore shares were traded in the transaction, with Peak XV Partners Investments (formerly Sequoia India) likely being the seller.
Gold October futures opened flat at Rs 71,981 per 10 grams on Friday, while silver December futures traded at Rs 85,005/kg. In the past two days, gold prices rose by Rs 500/10 gm and silver by Rs 1,440/kg. The rise is attributed to downbeat US job data and bargain buying.
Paralympic gold medallist Harvinder Singh expressed pride after winning India's first-ever gold in para-archery at the Paris Paralympics. He defeated Poland's Lukasz Ciszek in a straight-set final. His coach, Gaurav Sharma, praised the historic achievement. India also won a bronze in mixed team compound archery, marking their best performance in para-archery at the Paralympics.
The rupee rose by 2 paise to 83.95 against the US dollar in early trade on Friday, influenced by a weaker dollar overseas. Gains were limited due to rising crude oil prices, negative domestic equity markets, and foreign capital outflows. The dollar index was down 0.10%, while Brent crude was marginally up at USD 72.70 per barrel.
A.P. Moller-Maersk and CMA CGM are expanding into air freight by acquiring new Boeing and Airbus aircraft. The companies aim to diversify their logistics services after the pandemic boosted shipping rates and profits.
Bengaluru-based Brigade Enterprises has raised Rs 1,500 crore by selling equity shares to institutional investors through a qualified institutional placement. The company allotted over 1.3 crore shares at Rs 1,150 each, slightly below the floor price. This funding aims to support business expansion. Brigade reported a significant rise in net profit for the June quarter.
