GAGA Share Market News

[hfe_template id='11223'] [ad_1] The markets paused after six consecutive sessions of gains, closing on a flat note. In today's trade, shares of Maruti, ONGC, IREDA, Federal Bank, TVS Motor among others will be in focus due to various news developments. Maruti Suzuki Maruti Suzuki received a draft tax assessment of Rs 2,666 crore for FY22, but the company expects no financial impact. NBCC State-owned NBCC (India) Ltd has bagged a Rs 439 crore contract from Uttarakhand Investment and Infrastructure Board (UIIDB) Federal Bank Federal Bank to acquire 4% stake in Ageas Federal Life Insurance. The acquisition cost is around Rs 97.4 crore for 3.2 crore shares. Live Events IREDA State-owned IREDA on Tuesday said it has raised Rs 910 crore through issuance of bonds. The funds raised will enhance IREDA's Tier-II capital, increasing its net worth and capital-to-risk-weighted assets ratio. ONGC ONGC will infuse Rs 3,300 crore in ONGC Green. ONGC Green will use the proceeds ...

[hfe_template id='11223'] [ad_1] The Board of NBCC has approved a bonus issue of shares in a 1:2 ratio, meaning shareholders will receive one additional share for every two shares they currently hold in the company. The board has set October 7 as the record date to determine the eligibility of shareholders for receiving bonus shares. The bonus shares will be issued from free reserves created from profits, as per the audited financial statements for the year ending March 2024. The company has reserves and surplus amounting to Rs 1,959 crore available for capitalization. A company issues bonus shares to increase stock liquidity and lower the stock price, making it more affordable for investors. Bonus shares are fully paid additional shares issued by a company to its existing shareholders at no extra cost. The number of bonus shares received depends on the number of shares already held by the shareholder.All shareholders who own shares of the company before the record date,...

[hfe_template id='11223'] [ad_1] Indian equity markets are currently experiencing dynamic movements characterized by substantial swings in both directions. In today's trade, shares of BHEL, Chetan Rajpara, Kalpataru Projects, Torrent Pharma, Century Textiles among others will be in focus due to various news developments. Force Motors Force Motors' domestic sales were up 14% to 2,412 units in May. Exports were down 63% to 180 units in the same month. BHEL Bharat Heavy Electricals Limited (BHEL) received an order worth over Rs 3,500 crore from Mirzapur Thermal Energy for a 2x800 MW thermal power project. Chetan Rajpara Chetan Rajpara resigned as CFO of Sun Pharma Advanced Research Company with effect from June 5. Kalpataru Projects Kalpataru Projects Board to meet on June 10 consider fund raising via non-convertible debentures. Uno Minda Uno Minda has partnered with Inovance Automotive to strengthen the e-4W product portfolio. Century Textiles Century Textiles arm ...

[hfe_template id='11223'] [ad_1] PSU stocks Cochin Shipyard and Bharat Dynamics witnessed a sharp fall by 10% to Rs 1,630.55 and Rs 1,293.35 respectively as the BSE PSU index fell by 4% soon after markets opened on Wednesday following the disappointing Lok Sabha election results. The index ended nearly 16% lower on Tuesday as the Narendra Modi-led BJP failed to secure a simple majority on its own and would have to piggyback on allies to form the government. As of 9:45 am today, all the constituent stocks of the index were trading in red. Other stocks like NBCC, HUDCO, Indian Bank and REC witnessed a decline of more than 5% while railway stocks like IRCTC, IRCON International and RVNL dipped by 4.7%, 6.2% and 7% respectively. Shares of NTPC, CONCOR, Hindustan Copper, GIC, Central Bank of India, NMDC, Powergrid, PFC, BEL, PNB, Uco Bank, Union Bank of India, HAL, BHEL and SJVN among others witnessed a greater-than-3% fall on charts. The Index tumbled nearly 14% on Tuesday a...

[hfe_template id='11223'] [ad_1] Equity markets rallied last week mainly due to relief from the middle-east tensions coupled with a correction in oil prices. In today's trade shares of ICICI Securities, ICICI Bank, YES Bank, Ultratech Cement, HCL Tech will be in focus due to various earnings and news developments. ICICI Securities Minority shareholders of ICICI Securities led by Bengaluru-based investment manager Manu Rishi Guptha have filed a class action suit with National Company Law Tribunal (NCLT) against ICICI Bank's bid to delist its broking arm from the Indian bourses. YES Bank Yes Bank reported a standalone net profit of Rs 452 crore for the quarter ended March 2024, which jumped 123% year-on-year. Read more: Here's the trade setup for today's session ICICI Bank ICICI Bank reported a standalone net profit of Rs 10,707 crore for the quarter ended March 2024, which was up by 17.38% year-on-year. UltraTech Cement, Trent, UCO Bank Shares of UltraTech...

[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...