Latest news with #BSE200
News18
4 days ago
- Business
- News18
IDFC First Bank In Focus As RBI Clears Warburg's 9.99% Stake Investment
This development follows a similar clearance granted by the Competition Commission of India (CCI) on June 3 for the proposed investment. Currant Sea had sought the CCI's approval in April for the stake acquisition. The regulatory approvals come shortly after IDFC First Bank's shareholders voted against appointing a non-retiring board member from Currant Sea Investments. The proposal received only 64.1 percent support, falling short of the 75 percent approval required under corporate governance norms. Previously, Warburg Pincus and the Abu Dhabi Investment Authority (ADIA) had announced a joint investment commitment of Rs 7,500 crore in IDFC First Bank through compulsorily convertible preference shares. As part of this plan, IDFC First Bank will issue 81.26 crore preference shares to Currant Sea Investments and 43.71 crore shares to ADIA-backed Platinum Invictus, both priced at Rs 60 per share. The last trading price of IDFC First Bank is at Rs 73.07 as of July 18 on BSE. The stock's 52-week movement indicates a high of Rs 78.50 and a low of Rs 52.50. As of July 18, the m-cap of IDFC First Bank stood at Rs 53,596 crore. It is a constituent of BSE 200. The Board at its meeting held on April 26, 2025 had considered and recommended dividend for the Financial Year 2024-25. In this regard, kindly note that the record date for determining the eligibility of members entitled to receive the said dividend is Friday, July 11, 2025.
Mint
7 days ago
- Automotive
- Mint
Ashok Leyland bonus share issue: Company announces allotment of free shares in 1:1 ratio
Ashok Leyland bonus share issue: A day after the record date for Ashok Leyland's bonus share issue, the auto company today, July 17, announced the allotment of free shares. The company's board, earlier in May, along with its Q4 results announcement, had approved a bonus share issue in the ratio of 1:1, meaning the company would allot one share at no additional cost to investors for every share held by them as on the record date. Following this, the company today informed about the allotment of 293.65 crore bonus shares to its shareholders whose names appeared in the Register of Shareholders as on Wednesday, July 16. "We hereby inform that as on the deemed date of allotment i.e. today, July 17, 2025, the allotment of 293,65,27,276 Bonus Equity Shares of ₹ 1/- each in the ratio 1:1 i.e., 1 (One) fully paid-up Equity Shares of ₹ 1/- each for every 1 (One) existing fully paid-up Equity Share of ₹ 1- each held by those eligible Shareholders whose name appeared in the Register of Shareholders of the Company as on Wednesday, July 16, 2025, i.e., the Record Date fixed for this purpose has been effected," the company said in a filing with the exchanges today. Ashok Leyland further added that these bonus shares will be made available for trading tomorrow, Friday, July 18, 2025. "The Bonus equity shares so allotted rank pari passu in all respects with the fully paid-up equity shares of the company as existing on the record date," the company added. This marked the second bonus share announcement by Ashok Leyland. The BSE 200 company had earlier announced a 1:1 bonus share issue in 2011. Ashok Leyland shares traded on a subdued note amid lacklustre sentiment in the Indian stock market. During the day, Ashok Leyland shares hit a low of ₹ 123.30 and a high of ₹ 125.60 apiece. The trading volumes so far were lower than average. Ashok Leyland's share price was down 0.40% at ₹ 124.10 at around 11.50 am. Disclaimer: This story is for educational purposes only. 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.
&w=3840&q=100)
Business Standard
7 days ago
- Business
- Business Standard
Godrej Properties shares up 2% on acquiring land parcel in Raipur; details
Godrej Properties share price: Real estate developer Godrej Properties shares rose up to 1.91 per cent to hit an intraday high of ₹2,333.15 per share on Thursday, July 17, 2025. At 9:45 AM, Godrej Properties shares were trading 0.64 per cent higher at ₹2,303.95 per share. In comparison, BSE Sensex was trading 0.09 per cent lower at 82,556.98 levels. CATCH STOCK MARKET LIVE UPDATES TODAY Why did Godrej Properties shares rise in trade? Shares of Godrej Properties rose after the company announced its foray into Raipur with the acquisition of approximately 50 acres of land. The project will primarily feature premium plotted residential units, with an estimated saleable area of around 9.5 lakh square feet. The land is strategically located near Old Dhamtari Road, an emerging real estate hotspot with excellent connectivity to Central Raipur, the railway station, and Swami Vivekananda Airport, the company revealed in a statement. The region is witnessing rapid urbanisation, supported by strong social infrastructure, including top educational institutions, healthcare, and retail facilities. Additionally, its integration with the Atal Path (Raipur–Naya Raipur Expressway) and proximity to the upcoming Raipur–Hyderabad and Raipur–Visakhapatnam expressways enhance the location's attractiveness for residential development. 'We are delighted to announce our entry into the dynamic city of Raipur. This acquisition marks another significant step in our expansion journey as we look to strengthen our presence in emerging real estate markets across India. Raipur, with its growing demand for residential plotted developments and strong infrastructure growth, presents an exciting opportunity. This acquisition also aligns strategically with our focus on entering high-growth cities through plotted developments. We look forward to developing a quality plotted township that creates long-term value for its residents, aligned with the region's evolving aspirations,' said Gaurav Pandey, MD and CEO, Godrej Properties. ALSO READ | About Godrej Properties Godrej Properties, part of the Godrej Industries Group, is among the leading real estate developers. It is known for developing residential, commercial, retail, and IT projects across India. In FY24, the company emerged as India's largest real estate developer by residential sales value. The market capitalisation of Godrej Properties is ₹69,455.12 crore, according to BSE. The company falls under the BSE200 category. The 52-week low of Godrej Properties stock is ₹1,869.50 while its 52-week high is ₹3,400 per share.
&w=3840&q=100)
Business Standard
14-07-2025
- Business
- Business Standard
Indian equities out of re-rating potential; Emkay decodes what's next
Market outlook: In the first half of calendar year 2025, Indian benchmark indices have rallied up to 10 per cent. This surge, according to Emkay Global Financial, has pushed the valuations out of the 'attractive' territory and has left little room for further re-rating. Most indices (Nifty50/BSE200/Small-and-midcap) are trading in a range between their long-term average (LTA) and above plus one standard deviation (+1sd), with the BSE200 and Midcap indices trading at the highest premium. Drilling deeper, Emkay notes that 34 per cent of its tracked universe—comprising over 500 companies covered by at least five analysts—are currently trading at +1sd above their long-term mean. This is up from 11 per cent in March 2025, though still below the September 2024 peak of 44 per cent. In this context, analysts anticipate a period of consolidation over the next one to two quarters. However, any sharp correction may offer a favourable entry opportunity. Market outlook Stable earnings outlook, but Q1 to remain muted While the overall earnings trajectory appears stable, Q1FY26 is expected to be soft, with most of the weakness already priced in. The Nifty FY26 earnings per share (EPS) saw only a marginal downgrade of 84 basis points (bps) over the past month. Key consensus downgrades were seen in Tata Motors, Bajaj Finance and Shriram Finance, while upgrades were scarce. In the BSE200 category, the EPS was cut by 68 bps between May and June with Adani Green/Tata Motors/REC seeing the sharpest consensus cuts. Overall, Emkay Financial believes, the share of companies seeing upward revisions of over 10 per cent in FY26 EPS has dropped to 23 per cent—down from 27 per cent in the previous quarter. Analysts expect growth sentiment to recover in H2FY26, with potential for earnings upgrades later in the year. Global flows to support, but promoter selling warrants caution In June 2025, the fund flows have been robust with strong inflows from foreign portfolio investors (FPIs) and mutual funds (MFs), as markets rallied from early April. Systematic investment plan (SIP) flows have been heavy into large, Small-and-midcap, and flexicap funds, shifting from thematics/focused funds. While domestic flows have a strong tailwind from falling rates as yields on fixed-income investments fall further, global flows are also expected to be strong with continued pressure and a soft landing in the US and Western economies. While primary market activity deepens breadth and keeps valuations from overheating, elevated promoter offloading will be closely tracked in the coming weeks. Primary market activity has picked up– initial public offers (IPOs) have raised ₹19,900 crore (0.06 per cent of equity market cap) with a strong pipeline. Promoter-selling has also accelerated and surged 336 per cent month-on-month (M-o-M).
Indian Express
12-07-2025
- Business
- Indian Express
RVNL Share Price: Railway PSU wins Rs 213 crore project; stock up 215% in 2 years
RVNL Share Price: Shares of Rail Vikas Nigam Limited closed in red on Friday (July 11) after receiving contract from Indian Railways. The PSU railway stock settled at Rs 380.95 apiece, down 0.97 per cent. According to the NSE, the midcap stock has a total market cap of Rs 79,428.84 crore. The stock registered 52-week-high of Rs 647 on July 15, 2024. It recorded 52-week-low of Rs 305 on April 7, 2025. RVNL has secured a contract worth Rs 213.22 crore from South Central Railway (SCR). In an exchange filing on July 11, the railway PSU said, 'Rail Vikas Nigam Limited has received LOA from South Central Railway for 'Design, Supply, Erection, Testing and Commissioning for OHE upgradation of existing 1X25kV system to 2X25kV at feeding system with feeder and earthing works in Duvvada-Rajahmundry & Samalkot-Kakinada Port section of Vijayawada Division under South Central Railway, Total 195.5 RKM/ 391 TKM.' RVNL is a component of the BSE 200. According to the BSE analytics (as of July 12), shares of Rail Vikas Nigam Limited (RVNL) fell 2.50 per cent and 3.47 per cent in the last 1 week and 2 weeks, respectively. In the last 1 year, shares of the company down 39.44 per cent. However, in the past 2 years, 3 years, and 5 years, shares of the company up 215.46 per cent, 1132.79 per cent, and 1841.73 per cent, respectively. In 2024, RVNL paid a dividend of Rs 2.11. Last year, the railway PSU announced dividends of Rs 2.13. In 2022, the company paid total dividends of Rs 1.83. RVNL never issued bonuses for the equity shareholders. RVNL is a Central Public Sector Enterprises of Ministry of Railways, and was granted Navratna Status in 2023. The company was incorporated with the twin objectives of implementation of projects relating to creation and augmentation of capacities of rail infrastructure on fast track basis and raising of extra budgetary resources for SPV projects.
