Nestle India did announce an interim dividend of Rs 2.75 per share for the financial year 2024-25. The record date for the dividend is July 16, 2024, and the dividend will be paid on and from August 6, 2024, along with the final dividend for the fifteen months financial year […]
UPI launched on July 3, 2024 at the flagship store of Galeries Lafayette on Haussmann Boulevard in Paris. This follows a successful launch of UPI at the Eiffel Tower. This move furthers India’s goal of making UPI a global payment system. The launch is well-timed to serve the expected influx […]
Revenue growth projection: 22-23% YoY for the consolidated entity. GMV growth projection: Mid-twenties YoY overall, with Beauty exceeding consolidated growth at high twenties YoY and Fashion trailing at mid-teens YoY. Reason for slower physical retail growth: Elections and heatwaves in North India. New segmental reporting: Beauty and Fashion segments with […]
Foreign Institutional Investors (FIIs): Net bought shares worth Rs 1.35 lakh crore. Domestic Institutional Investors (DIIs): Net bought shares worth Rs 2.35 lakh crore. This indicates that DIIs are much more positive on the Indian stock market compared to FIIs. There could be several reasons behind this, such as: Domestic […]
Share price surge: Reached a 52-week high of Rs 1,723.55, an increase of Rs 82.05. Orders received:Euros 64 million order from Grid Solutions SAS, France for high-voltage products. Euros 26 million order from GRID SOLUTIONS Middle East FZE, Dubai for high-voltage products. These substantial orders seem to be driving investor […]
Nifty eyes 24,500: The Nifty 50, a benchmark stock market index in India, is expected to reach 24,500. Sensex smashes 80,000 barrier: The Sensex, another major stock market index in India, has already crossed the 80,000 mark. This is a significant milestone for the Indian stock market. Bajaj Finance in […]
V-Mart Retail’s stock price surged on July 3rd, reaching a 52-week high of Rs 3,035, fueled by their positive quarterly update. Here’s a breakdown of the key factors: Strong Revenue Growth: V-Mart Retail’s revenue for Q1 FY25 jumped 16% year-over-year to Rs 790 crore. Healthy Same-Store Sales Growth (SSSG): SSSG […]
The initial public offering (IPO) of Emcure Pharmaceuticals got off to a lukewarm start on July 3rd, the first day of bidding. Here’s a breakdown of the subscription data. Overall Subscription Ratio: 0.29 times, meaning bids were received for only 29% of the shares offered. Non-institutional Investors: Most active category, […]
The most significant news for JK Paper today is its impressive stock price performance. It’s currently the biggest gainer in the BSE’s ‘A’ group, with a jump of around 12% to Rs 599.55 Trading volume is also up significantly, with 8.1 lakh shares traded so far today compared to the […]
The first dispatch of ACSR conductor by Asian Cables (formerly RPG cables)! This is a significant milestone that expands the company’s product portfolio and strengthens the synergy between KEC’s power transmission and cables businesses. The 14 km of 630 sq.mm. ACSR conductor will likely be used for overhead […]