GAGA Share Market News

[hfe_template id='11223'] [ad_1] Shares of Indian Railway Finance Corporation climbed as much as 6.4% on Friday to Rs 138.50 on the BSE after reports that the company secured government approval to raise up to Rs 10,000 crore through deep-discount bonds. The planned issuance is part of a broader shift in the funding strategy of state-run enterprises amid evolving investor appetite and changing infrastructure financing dynamics, according to a Reuters report. The finance arm of Indian Railways received clearance to raise funds via zero-coupon, deep-discount bonds with a 10-year maturity, according to a publicly available government document dated May 14. The issuance, which must be completed by the end of March 2027, will be offered at a discount of Rs 4,916 crore to face value. Deep-discount bonds are typically issued at a significant markdown and do not pay periodic interest. Instead, investors receive the full face value at maturity, providing returns through capital a...

[hfe_template id='11223'] [ad_1] Indian markets saw a much-needed rebound, gaining over a percent amid mixed cues. In today's trade, shares of Wipro, IRFC, TCS, Zydus Life, LIC Housing among others will be in focus due to various news developments. LIC Housing LIC Housing Finance said its board has given a nod to borrow Rs 1.23 lakh crore through loans, issue of bonds, and other instruments, in the next financial year. IRFC IRFC hopes to improve margins as it explores lending to non-railway projects. The newly christened Navratna public sector undertaking is actively exploring financing metro projects besides other infrastructure with linkages to the Indian Railways. Wipro IT services firm Wipro has launched TelcoAI360, an AI-first managed services platform to help telecom operators scale technology solutions while improving customer experience at reduced costs. Vimta Labs Vimta Labs appointed Siva Rama Krishna Kambhampati as CFO of the company with effect from March...

[hfe_template id='11223'] [ad_1] Shares of Indian Railway Finance Corporation (IRFC) among 4 other stocks are likely to remain in focus today as these companies had announced November 12 as the record date for the purpose of determining shareholder eligibility for the declared dividends. IRFC had announced a dividend of Rs 0.8 per share earlier this month while announcing its results for the second quarter of the financial year 2025. “Pursuant to Regulation 30 and 43 of SEBI (LODR) Regulations, 2015, as amended from time to time, this is to inform that the Board of Directors have declared an Interim Dividend of Rs. 8.0/- per equity share of Rs 10/- each. Further, as informed vide letter dated 22nd October, 2024, the "Record date" for determining eligibility of shareholders for payment of the said interim dividend, as declared by the Board, is Tuesday, 12th November 2024,” the company said in an exchange filing. The company had also informed that the dividend wi...

[hfe_template id='11223'] [ad_1] The first quarter earnings are coming to a fag end and as many as 528 companies will announce their quarterly numbers on Monday. Key results to watch out for include that of IRFC, Vodafone Idea, NMDC, Hudco, SJVN and Voltas. Apart from the above, companies like AIA Engineering, Endurance Technologies, Nalco, Hindustan Copper, ITI, Natco Pharma, Olectra Greentech, Happiest Minds, Balrampur Chini Mills, Sunteck Realty among others will also declare their quarterly results. Vodafone Idea Q1 expectations Vodafone Idea is expected to report a flat revenue for the quarter ended June 2024, owing to losses in subscriber base coupled with a flattish Average Revenue Per User (ARPU), according to estimates by four brokerages. The estimated revenue for the reporting quarter is likely to be between Rs 10,600-10,709 crore. Meanwhile net losses for the company could be in the range of Rs 7,489-8,100 crore, the estimates revealed, which have been sourced...

[hfe_template id='11223'] [ad_1] Shares of railway PSU stocks RVNL and IRFC on Tuesday rallied 8% to Rs 322 and 5% to Rs 181 respectively on BSE after the Q4 profit rose while IRCON International shares jumped 8% to a fresh peak of Rs 296 ahead of its Q4 results due today. RVNL shares jumped in reaction to the company posting a 25% year-on-year (YoY) increase in its net profit to Rs 433.32 crore for Q4FY24, while the revenue from operations stood at Rs 6,700.69 crore, up by 17% YoY. The company also announced a dividend of Rs 2. 11 per share for the financial year 2024. Profit for IRFC jumped to Rs 1,717.3 crore for the fourth quarter, up from Rs 1,285.24 crore in the comparable quarter last year. The company’s revenues also witnessed an increase to Rs 6,473.11 crore from Rs 6,193.11 crore in Q4FY23. IRFC announced a dividend of Rs 0.70 per share to its eligible shareholders. IRCON International is set to announce its fourth-quarter results later in the day today. “Pursu...

[hfe_template id='11223'] [ad_1] In the week gone by, 46 stocks in the BSE 500 index delivered double digit returns while 83 ended on the losing side. The 500-stock index which gained 2.1% on the week-on-week basis saw smallcap Aegis Logistics holding the top spot with nearly 30% returns. It was followed by multibaggers MOIL, Cochin Shipyard and Sterling and Wilson Renewable Energy, who delivered between 21% and 27% returns. Notwithstanding high volatility over the week, the BSE 500 index outperformed the headline BSE S&P Sensex with the latter gaining 0.90% (642 points) on a weekly basis. Markets fell on Friday breaking their five-session winning streak. While Sensex settled at 73,730.16, down by 609.28 or 0.82%, BSE 500 finished the week at 32,877.25, losing 52 points or 0.16% on Friday. There were 42 stocks whose returns were at 10-19%. In this TCNS Clothing was the top performer and Prestige Estates at the borderline yielding 10% during the week. Among the 46 sto...