Benchmark indices ended lower on Friday. The 30-share BSE Sensex slipped 259 points to 62979 and Nifty lost 105 points to 18,665
Shares of State Bank of India (SBI) remained under the grip of bears in the last five trading sessions. The stock fell from Rs 571.30 ( the closing price of June 16) to Rs 554.70 (the intraday low) on June 23, 2023
Adani Group stocks came under severe selling pressure and tumbled up to 9% on Friday amid a report of regulatory scrutiny in the United States (US). All the 10 listed counters of Gautam Adani-led conglomerate logged big cuts on the last trading session of the week
Foreign brokerage BofA Securities has revised upward its target for One 97 Communications Ltd (Paytm) to Rs 1,020 apiece from Rs 885 earlier, citing favorable risk-reward. BofA Securities said the growth in the Soundbox segment may stay strong for the next 2-3 years with limited competitive risks. However, the stock traded weak on Friday inline with sentiment in the broader market. The stock ended 3% lower at Rs 841.15. The effect of the upgrade is likely to be reflected in the stock price in next few sessions
Remedium Lifecare has fixed the record date as Saturday, July 29, 2023, in order to determine the number of shareholders entitled for Bonus Equity shares in the ratio of 9:5 (i.e., Nine Equity Shares of Rs 10/- each fully paid up for every Five Equity Shares of Rs 10/- each fully paid-up held as on the record date decided for this purpose). The announcement was made after market hours on Friday
Shares of Tata Communications will turn ex-dividend on June 26, 2023. The firm announced a final dividend of Rs 21 per share during the Q4 and annual earnings announcement
The board of Prime Industries has cleared the acquisition of 48.69% or 98,59,000 (Ninety-Fight Lakhs Fifty Nine Thousand) shares of Rs 10/-each representing of total paid-up capital of Kay Bouvet Engineering Limited. Further, Kay Bouvet Engineering Limited will become an associate of the company. The announcement was made after market hours on Friday
Aurobindo Pharma said its wholly-owned arm, Eugia Pharma Specialities Ltd has entered into a voluntary sub-licensing agreement with Medicines Patent Pool (MPP) to develop and market an anti-cancer drug
Shares of Welspun India will turn ex-dividend on June 27, 2023. The firm announced a final dividend of Rs 0.10 per share during the Q4 and annual earnings announcement
Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Business Today. Investors should consult their financial advisors before taking any position