GAGA Share Market News

[hfe_template id='11223'] [ad_1] Info Edge (India) on Wednesday announced that its board of directors approved a proposed split of its equity shares in the ratio of 1:5. The company disclosed this development in an exchange filing. Shares of Info Edge (India) rose 3% to Rs 7,938.9 on the BSE following the announcement, as investors welcomed the move aimed at improving liquidity and making shares more accessible. The stock split will see each existing equity share with a face value of Rs 10 divided into five shares with a face value of Rs 2 each. The subdivision of shares will enhance accessibility and encourage wider participation in the company’s stock, Info Edge said in the exchange filing. The company will finalize a record date for the split after securing shareholder approval through a postal ballot. This is Info Edge’s first stock split, though it had issued bonus shares in 2010 and 2012 at a 1:1 ratio. The company has distributed Rs 66 per share in dividends over ...

[hfe_template id='11223'] [ad_1] PMS fund manager Saurabh Mukherjea-led Marcellus has picked up 7 new small and midcap stocks for its funds and exited Info Edge following a sharp rally in the last one year. Mukherjea's smallcap-heavy Little Champs portfolio and midcap-focused Rising Giants portfolio have delivered net returns of 17.5% and 24%, respectively, so far in FY24. He has attributed the performance to improvement in the earnings growth and rejig in portfolios. In the midcap fund, he said in a note to investors, the portfolio has been titled more towards smaller market-cap names with better valuations and scope for making higher IRRs than some of the largecap incumbents. 7 new smallcap and midcap additions to Saurabh Mukherjea portfolio in October: 1) Grauer & Weil (India) Smallcap Grauer & Weil has found a place in both Little Champs as well as Rising Giants schemes. "While the Electroplating chemicals business is expected to grow in line with au...