GAGA Share Market News

[hfe_template id='11223'] [ad_1] OMAHA: In his letter to investors last year, Berkshire Hathaway Chairman Warren Buffett urged readers to come "inhale the air, drink the water" and attend the company's annual shareholder meeting in Omaha, his hometown. The letter, a document pored over by shareholders, analysts and press every year for insights into the legendary investor's thinking, playfully sought to link the success of his conglomerate with the setting of the heartland city, in eastern Nebraska along the Iowa border. One detail omitted: Federal emissions data show that Omaha's air quality ranks in the bottom third of U.S. cities, fouled in part by coal-fired power plants owned by Berkshire in neighboring Iowa. A modeling tool of the Environmental Protection Agency, or EPA, shows that pollution from the plants each year causes up to seven premature deaths, $104 million in healthcare expenses and 1,800 lost school days in the metropolitan area of...

[hfe_template id='11223'] [ad_1] ITC shares will remain in focus on Wednesday as the much-awaited demerger of ITC Hotels comes into effect from today, January 1, but the record date for ITC shareholders would be January 6. Under the demerger scheme, ITC shareholders whose names will appear in the list of shareholders on January 6 will get one share of ITC Hotels for every 10 units of the parent company. ITC Hotels said it will issue equity shares directly to the shareholders of ITC in a manner that about 60% stake is held directly by ITC shareholders proportionate to their shareholding in ITC and remaining about 40% stake to continue with ITC. On January 6, the record date of the demerger, BSE and NSE will have a special trading session to discover the fair price of ITC Hotels. Assuming that ITC Hotels will list at an EV/EBITDA multiple of 20.0x-30.0x, the share price of ITC Hotels Ltd is expected to list in the range of Rs 113 to Rs 170 per share, shows calculations don...

[hfe_template id='11223'] [ad_1] Shares of multibagger stock Tara Chand InfraLogistic Solutions are likely to remain in focus today as the company had announced a stock split in the ratio 10:2 and fixed December 5 as the record date for determining shareholder eligibility. This means today is the last day to buy the stock to be eligible for the stock split. “This is in continuation to our intimation dated November 13, 2024 regarding Sub-division/Split of Equity Shares of the face value of Rs. 10/- each into Equity Shares of the face value of Rs. 2/- each with effect from Thursday, December 05, 2024 (“Record Date”),” said the company in an exchange filing. Tara Chand InfraLogistic Solutions will be splitting its stock from a face value of Rs 10 per share to Rs 2 per share and the share would be trading on an ex-split basis from December 5. This means today is the last day to buy the shares of the company to be eligible for the said stock split as after the implementation ...

[hfe_template id='11223'] [ad_1] Microcap stock Sellwin Traders, earlier in the month of September, had announced a bonus share issue in the ratio 1:8 along with a 1:5 stock split while fixing November 1 as the record date for the purpose. Since November 1 is a market holiday, October 31st becomes the ex-date. This means that in order to qualify for the said dividend, one needs to buy the shares of Sellwin Trader today for their names to appear in the company’s books as of the record date. “We wish to inform you that the Company has fixed Friday, November 01, 2024 as the ‘Record Date’ for the purpose of determining the eligibility of Shareholders for the purpose of sub-division /split of every 1 (One) Equity share of face value of Rs. 10/-(Rupees Ten only) each fully paid up to 5 (Five) Equity shares of the face value of Rs. 2/- (Rupee Two only) each fully paid-up,” said the company’s exchange filing commenting on the stock split. This is the first ever instance instance...

[hfe_template id='11223'] [ad_1] Shares of small cap multibagger stock Grovy India are likely to remain in focus today as the company had fixed October 22 as the record date for the purpose of its 3:1 bonus share issue. “This is to inform you that the Company has fixed Wednesday, 23rd October, 2024 as the Record Date for the purpose of ascertaining the shareholders eligible for allotment of Bonus Shares in the ratio of 3:1, i.e. 3 (Three) Bonus Equity Shares of Re. 10/- each fully paid-up for every 1 (one) existing Equity Share of Re. 10/- each held as on the above mentioned record date,” the company said in a filing to the stock exchanges. According to the data available on Trendlyne, this is the first ever instance of the company issuing bonus shares to its shareholders. Companies typically issue bonus shares to utilize their free reserves, boost Earnings Per Share (EPS), and expand paid-up capital while reducing reserves. These shares, often called free shares, are di...

[hfe_template id='11223'] [ad_1] Shares of state-run Cochin Shipyard are likely to remain in focus on Wednesday as the government will sell up to 5% stake sale in the company via an offer for sale (OFS). The floor price is set at Rs 1,540 per share and the two-day issue opens today. The base issue comprises the sale of a 2.5% equity stake representing 65,77,020 shares with a green shoe option of another 2.5%. The OFS will open for non-retail investors today and for retail investors and employees of the company on Thursday. The floor price of Cochin Shipyard shares are at a discount of 8% over Tuesday's closing price of Rs 1,673. The stock on Tuesday ended with gains of Rs 48.60 or 3% on the NSE over Monday's closing price. The offer will take place during trading hours through a separate window on Thursday. Shares of Cochin Shipyard have fallen nearly 80% from their 52 week peak of Rs 2,979.45, they had hit in July this year.Notwithstanding the recent decline, th...

[hfe_template id='11223'] [ad_1] IT services company Wipro will consider issuing bonus shares to investors when its board will meet to approve second quarter results. If declared, this will be the 14th time the Bengaluru-based company will be handing out bonus shares to investors, which is the highest for any Nifty company. Wipro first issued bonus shares to investors in 1971 and its last bonus announcement was in 2019, where it handed out 3 additional shares for every 1 share held in the company. The company has rewarded investors with a bonus issue 6 times between 1981 and 1996 and later in 1997, 2004, 2005, 2010, 2017 and 2019. In the last 10 years, Wipro gave out bonus shares 5 times. In comparison, Infosys had issued bonus shares 8 times in its history as a listed company. TCS, on the other hand, issued bonus shares only on 3 occasions. A company issues bonus shares for their shareholders in order to increase the liquidity of the stock as well as with the aim to dec...

[hfe_template id='11223'] [ad_1] Bajaj Holdings and Investment among 2 other companies are likely to remain in focus today as these had fixed September 25 as the record date for determining the eligible shareholders. The board of Bajaj Holdings declared an interim dividend of Rs 65 per share earlier this month and fixed September 25 as the record date for the purpose. “An Interim Dividend of Rs. 65 (650%) per equity share of face value of Rs. 10, for the financial year ending 31 March 2025 has been declared by the Board at its meeting held today i.e. 12 September 2024. Further, pursuant to Regulation 42 of the SEBI Listing Regulations, the record date for the purpose of determining the members eligible to receive the Interim Dividend has been fixed as Wednesday, 25 September 2024,” the company said in its exchange filing. The company further informed that the said dividend will be credited/dispatched on or around October 10, to the eligible shareholders. In the past 12 m...