Latest Stock Market News

Founded in 2017, Bengaluru-based Ola manufactures e2Ws and certain EV components. The company is developing an EV hub in Krishnagiri and Dharmapuri districts in Tamil Nadu, which includes the Ola Futurefactory, the largest automated e2W manufacturing plan

Dabur India’s revenue for Q1 2024 likely witnessed a 6% year-on-year growth, driven by rural market improvement and international business. Domestic volumes reportedly grew by 5-6%, with gross margins expected to improve by up to 200 bps YoY. Higher ad-spends were seen moderating EBITDA margins slightly.

As of 30-Jun-2024, promoters held 22.92 per cent stake in the company, while FIIs held 39.58 per cent and domestic institutional investors had 12.45 per cent.

Considering the above, analysts at ICICI Securities believe that given Awfis’ superior RoCE profile which is likely to consistently range over 20% FY26E onwards and net cash balance sheet combined with an estimated 48% EBITDA CAGR over FY24-27E, an EV/EBITDA of multiple of 25x is justified in line with hotel peers.

Indus Towers has set August 9 as the record date for its buyback, which represents 9.9971% and 9.9668% of its fully paid-up equity share capital and free reserves as of June 30, 2024. The company reported a 43% YoY increase in net profit to Rs 1,926 crore for Q1, fueled by Bharti Airtel’s 5G expansion and past dues collection from Vodafone Idea.

Three of these nine stocks saw a share price growth of over 100% in the past one year. These stocks have a market capitalisation of over Rs 1,000 crore. It must be remembered that past performance is not a guarantee of future results.

The stock quoted a 52-week high price of Rs 299.5 and a 52-week low of Rs 126.15.

Gautam Adani’s power transmission unit has seen bids exceeding three times the planned amount for its share sale, indicating robust investor interest. Adani Energy Solutions Ltd.’s $1 billion share sale via qualified institutional placement (QIP) has been oversubscribed by both Indian and international institutions, according to sources familiar with the matter.

​You have to cut down on this expiry what you have on a daily basis and the whole objective here is to reduce leverage by making expiry every day you are giving that intraday leverage and making people trade more.

A short buildup occurs with rising open interest and volumes alongside falling stock prices, indicating expectations of a price decline. On Wednesday, five stocks saw new short positions.