LIC hikes stake in Bank of India to 8.38 pc
Life Insurance Corporation
(LIC) has hiked its stake in
Bank of India
(BoI) to 8.38 per cent as of May 9.
LIC
has bought about 2.026 per cent stake in
public sector
BoI between September 2, 2021, and May 9, 2025,
BoI
said in a
stock exchange
disclosure on Tuesday.
LIC's stake in the bank has increased from 6.35 per cent to 8.38 per cent over the four-year period.
Shares of
Bank of India
closed at Rs 112.55, up 2.27 per cent over the previous close on the
BSE
.
Economic Times WhatsApp channel
)
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
an hour ago
- Time of India
Belrise Industries shares surge 7% after Q4 profit jumps over 5-fold
Belrise Industries' shares surged nearly 7% following a robust Q4FY25 earnings report, showcasing a 574% jump in net profit to ₹110.02 crore. Revenue climbed 49% to ₹2,274 crore, with EBITDA rising 54.4%. Since its May 28 listing, the stock has gained momentum after a heavily subscribed IPO. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Shares of recently-listed Belrise Industries climbed as much as 6.9% to Rs 108.98 on the BSE on Monday, buoyed by strong March quarter earnings that saw the company post a more than five-fold rise in net profit The automotive components manufacturer reported a net profit of Rs 110.02 crore for the quarter ended March 31, 2025, a sharp 574% jump from Rs 16.3 crore in the same period last year. Revenue for the quarter rose 49% year-on-year to Rs 2,274 crore, compared to Rs 1,526 crore a year before interest, taxes, depreciation and amortisation (EBITDA) stood at Rs 276 crore, up 54.4% from Rs 178.6 crore in Q4FY24. The company's operating margin expanded to 12.13% from 11.7% in the year-ago stock has gained momentum since its listing on May 28, when it closed with a premium of over 8% to its issue price of Rs 90. The Rs 2,150-crore initial public offering ( IPO ) had received strong investor interest, being subscribed 41.30 times. The offer had a price band of Rs 85–90 per of March 31, 2024, Belrise Industries held a 24% market share in the two-wheeler metal components segment in India by revenue, placing it among the top three players in the category. With rising product sales and a growing international footprint, the company has demonstrated consistent revenue diverse product portfolio includes metal chassis systems, polymer components, suspension systems, body-in-white components, and exhaust Industries maintains 'a long-standing relationship with customers, including prominent multinational OEMs such as Bajaj Auto , Honda Motorcycle & Scooter India, Hero MotoCorp , Jaguar Land Rover and Royal Enfield Motors.' The company also supplies to VE Commercial Vehicles, Tata Motors , and Mahindra.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Mint
an hour ago
- Mint
Bharti Airtel declares record date for ₹20 per share dividend payment. Share price edges higher
Bharti Airtel share price gained over a percent on Monday after the company announced the record date for the payment of its dividend which was announced earlier. Bharti Airtel share price rose as much as 1.49% to ₹ 1,869.70 apiece on the BSE. Telecom major Bharti Airtel had announced a final dividend during the release of its financial results for the fourth quarter of FY25 and full financial year 2024-2025. The board of directors of Bharti Airtel had declared a final dividend of ₹ 16 per fully paid-up equity share of face value ₹ 5 each and ₹ 4 per partly paid-up equity share of face value ₹ 5 each (paid-up value ₹ 1.25 per share) for the financial year 2024-25. The dividend is in proportion to the amount paid-up on each equity share of face value ₹ 5 each, Bharti Airtel said on May 13. Bharti Airtel dividend record date has been fixed on 18 July 2025, Friday. The dividend record date is set for the determination of members eligible for payment of final dividend for FY25, on fully paid-up equity shares and Bharti Airtel partly paid-up equity shares, Bharti Airtel said in a regulatory filing on June 16. Upon approval of members, the dividend will be paid (subject to deduction of tax at source) to the members within 30 days from the date of approval to those members/ beneficial owners whose names appear in the register of members/ depository records as at close of business hours on Friday, July 18, 2025, it added. Bharti Airtel share price has gained 3% in one month and 14% in three months. The telecom stock is up 17% on a year-to-date (YTD) basis, while it has rallied 30% over the past one year. Bharti Airtel shares have delivered multibagger returns of 122% in two years and 250% in the past five years. At 11:55 PM, Bharti Airtel share price was trading 1.06% higher at ₹ 1,861.65 apiece on the BSE. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Economic Times
2 hours ago
- Economic Times
Belrise Industries shares surge 7% after Q4 profit jumps over 5-fold
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Shares of recently-listed Belrise Industries climbed as much as 6.9% to Rs 108.98 on the BSE on Monday, buoyed by strong March quarter earnings that saw the company post a more than five-fold rise in net profit The automotive components manufacturer reported a net profit of Rs 110.02 crore for the quarter ended March 31, 2025, a sharp 574% jump from Rs 16.3 crore in the same period last year. Revenue for the quarter rose 49% year-on-year to Rs 2,274 crore, compared to Rs 1,526 crore a year before interest, taxes, depreciation and amortisation (EBITDA) stood at Rs 276 crore, up 54.4% from Rs 178.6 crore in Q4FY24. The company's operating margin expanded to 12.13% from 11.7% in the year-ago stock has gained momentum since its listing on May 28, when it closed with a premium of over 8% to its issue price of Rs 90. The Rs 2,150-crore initial public offering ( IPO ) had received strong investor interest, being subscribed 41.30 times. The offer had a price band of Rs 85–90 per of March 31, 2024, Belrise Industries held a 24% market share in the two-wheeler metal components segment in India by revenue, placing it among the top three players in the category. With rising product sales and a growing international footprint, the company has demonstrated consistent revenue diverse product portfolio includes metal chassis systems, polymer components, suspension systems, body-in-white components, and exhaust Industries maintains 'a long-standing relationship with customers, including prominent multinational OEMs such as Bajaj Auto , Honda Motorcycle & Scooter India, Hero MotoCorp , Jaguar Land Rover and Royal Enfield Motors.' The company also supplies to VE Commercial Vehicles, Tata Motors , and Mahindra.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
