GAGA Share Market News

[hfe_template id='11223'] [ad_1] BSE Smallcap's 2% weekly slide had 821 culprits to blame for as they fell up to 43% in the truncated week that ended on Thursday. In this, 116 counters plunged in double-digits as the overall sentiments remained subdued on US recession fears and tariff wars, unleashed by President Donald Trump. The top 10 laggards in the week gone by include BMW Industries, Triveni Turbine, Veranda Learning Solutions, Jai Corp, Orchid Pharma, Coffee Day Enterprises, Max Estates, EKI Energy Services, Gensol Engineering and K&R Rail Engineering which fell between 16% and 43%. Others with double-digit decline include Sapphire Foods India, Aditya Birla Real Estate, Balu Forge Industries, Swan Energy, Birlasoft, Hindustan Construction Company, Texmaco Rail & Engineering, Vakrangee and Senco Gold.Smallcap PSU stocks like Housing & Urban Development Corporation (HUDCO), Bharat Dynamics, Cochin Shipyard, NBCC (India), BEML, Railtel Corporation Of ...

[hfe_template id='11223'] [ad_1] Shares of PSU railway stock RITES on Monday rallied up to 5% to Rs 309.85 on BSE after it won a contract for engineering services for upgrading of the Palmyra to Moleson Creek Highway in Guyana for $9.71 million. "We are pleased to inform you that RITES has emerged as top scorer (H-1 bidder) based on QCBS evaluation for “Provision of Engineering Services for Design- Build-Finance: Upgrading of the Palmyra to Moleson Creek Highway- Lot 1-3” from Ministry of Public Works, Government of the Co-operative Republic of Guyana," RITES said in a regulatory filing. The letter of acceptance shall be issued after due process of scrutiny /evaluation by the Ministry of Public Works, Government of the Co-operative Republic of Guyana, it said. The project has a timeline of 60 months including the pre and post-construction period. Earlier last week, the company had announced that it won a Rs 148.25 crore order from the Indian Institute of Manage...

[hfe_template id='11223'] [ad_1] Shares of RITES rallied 8% to a day’s high of Rs 324.70 on the BSE after the company announced that it has entered into a strategic partnership with Etihad Rail to explore railway infrastructure development in the UAE. “RITES Ltd., a prime transport infrastructure consultancy, today signed a Memorandum of Understanding (MoU) with Etihad Rail, the developer and operator of the UAE National Rail Network, to explore cooperation and synergise strengths in developing railways and related infrastructure services in the UAE and wider region,” the company said in a filing to the exchanges. The MoU also includes a capacity analysis of rail corridors in the UAE and surrounding areas to boost efficiency, streamline logistics, and enhance trade routes. Both parties will focus on innovation and advanced IT solutions for train operations, passenger management, and maintenance practices. The company stated that this partnership aims to combine the stren...

[hfe_template id='11223'] [ad_1] State-owned company RITES announced a final dividend of Rs 5 per share and a 1:1 bonus share issue earlier in July for its eligible shareholders, while later announcing September 20 as the record date for both in August. This means today is the last day to buy shares of the company in order to qualify for the announced dividend and bonus shares, as they are paid to shareholders listed in the company’s records on the record date. “Final Dividend, if approved at the Annual General Meeting, will be paid to those shareholders whose name appear in the Register of Members of the Company and to those shareholders whose name appears in the Statements of beneficial ownership furnished by NSDL and CDSL at the end of business hours on Friday, 20th September, 2024 (“Record Date”),” said the company in a filing to the exchanges. A 1:1 bonus share issue means that for each existing share of the company held, shareholders will receive an additional shar...

[hfe_template id='11223'] [ad_1] National Aluminium Company, along with 86 other companies, is expected to be in focus today, as they have set September 20 as the record date for determining shareholders eligible for dividend payments. This means today is the last day to buy shares of these companies in order to qualify for the dividends they have announced, as dividends are paid to shareholders listed in the company’s records on the record date. To be eligible for the dividends, shares must be purchased at least one day before the ex-date, as transactions settle the next day. Investors who purchase shares on the ex-date do not qualify for dividends. Here is a list of other stocks, according to StockEdge data, that will begin trading on an ex-dividend basis starting Friday: 63 Moons Technologies has announced a dividend of Rs 2 per share. Ahlada Engineers has declared a dividend of Rs 1.6 per share. Ahluwalia Contracts (India) has announced a dividend of Rs 0.5 per sh...

[hfe_template id='11223'] [ad_1] Shares of railway PSU firm RITES soared over 13% to Rs 754.4 in Monday's trade on the BSE after the firm announced that its board of directors will consider issuing bonus shares for shareholders in its upcoming board meeting on July 31. In an exchange filing, RITES stated, "The Board of Directors of the Company may also consider the proposal for issuance of Bonus shares in the aforesaid Board Meeting." The meeting will also address the approval of standalone and consolidated unaudited financial results for the quarter ended June 30, 2024, and the consideration of payment of the first interim dividend for FY 2024-25, if any. Bonus shares are fully paid additional shares issued by a company to its existing shareholders. When a firm issues bonus shares, its shareholders do not have to incur any extra costs to get them. The number of bonus shares you receive depends on the number of shares of the firm you already hold. Previousl...