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TCS Buyback: How Will it Impact Value, Control & Price?

TCS Buyback: How Will it Impact Value, Control & Price?

20 February 2017

At its board meeting on February 20th, the Board of TCS approved the buyback of 5.61 crore shares subject to a maximum outlay of Rs.16,000 crore. That means TCS can buy back the shares at a maximum price of Rs.2850. Normally, buybacks are done through any of these 3 methods viz. Proportionate Tender Offer to …

Following the news of the founder stake sale, the stock of PB Fintech has dropped by more than 6%

Following the news of the founder stake sale, the stock of PB Fintech has dropped by more than 6%

11 February 2022

Following the news of the founder equity sale, the stock of PB Fintech dropped more than 6%. PB Fintech Ltd stock dropped following a massive block sale that saw about 64.7 lakh shares traded in a single transaction, according to reports. The identities of the purchasers and vendors remained unknown. According to media sources, the …

Rupper Appreciated Against Dollar: What Does It Mean For The Indian Stock Market?

Rupper Appreciated Against Dollar: What Does It Mean For The Indian Stock Market?

14 December 2020

Analysts feel globally weakening dollar, and the spree of FII investment in the domestic market caused rupees to gain against the dollar. Wednesday, rupee advanced 11 paise against dollar, which traded at 73.49. Over the last few days, the domestic unit has gradually gained against the dollar.  In the forex market currencies are traded in …

Top Ten Companies in the Power Sector basis Market Capitalisation

Top Ten Companies in the Power Sector basis Market Capitalisation

31 August 2021

Power is one of the most crucial and critical sectors for any economy. Whatever the industry may be services, manufacturing or agriculture, power is required. The existence and development of adequate infrastructure is essential for sustained growth of the Indian economy. Rather as the GDP witnesses growth the demand for power increases. In the case of India …

A Deep Dive Into Rakesh Jhunjhunwala’s Portfolio

A Deep Dive Into Rakesh Jhunjhunwala’s Portfolio

25 August 2021

WHO IS RAKESH JHUNJHUNWALA Rakesh Jhunjhunwala, an investor with a golden touch, is commonly referred to as the Warren Buffet of India. Apart from being an investor, he is primarily a Chartered Accountant. Jhunjhunwala is the 48th wealthiest individual in the country, according to Forbes’ Rich List, with a net worth of $3 billion. On …

Indian Banking Sector: All you need to know

Indian Banking Sector: All you need to know

31 August 2021

The Banking Sector is an integral part of any economy. Rather it is impossible to conceive an economy without banks. In simple terms a well-functioning financial system is fundamental to a modern economy, and banks perform important functions not only for the economy but also for the society. To build up a business three important …

Bank of Maharashtra Gets Shareholders’ Nod to Raise Rs 5,000 cr

Bank of Maharashtra Gets Shareholders’ Nod to Raise Rs 5,000 cr

28 June 2021

Bank of Maharashtra received the approval of its shareholders to raise up to Rs. 5,000 crores in equity capital on Thursday. It will allow the bank to obtain capital through several means, including preference issue and right issue. Per reports, the shareholders okayed the bank’s proposal in its annual general meeting, which was conducted virtually …

Eicher Share Price Rises After Sales Picked Up In December

Eicher Share Price Rises After Sales Picked Up In December

11 January 2021

The motor manufacturer, Eicher Motors’ share prices rallied during intraday after the company reported year-on-year growth of 37 percent growth in December 2020. Company’s motorcycle sales stood at 68,995 units against 50,416 units it sold during the same month last year.  COVID-19 has impacted the two-wheeler market like any other sector. However, growing aversion of …

A Close Look at the Fortunes of Biocon, Sterlite Technology & Tata Elxsi

A Close Look at the Fortunes of Biocon, Sterlite Technology & Tata Elxsi

24 January 2022

Today let’s look at the performance of some stocks post their trading. Given the volatility of the stock market and its corresponding ups and downs, we’re focussing on the fortunes of three stocks, Biocon, Tata Elxsi and Sterlite Technology. Get the details here! Biocon Surge Morgan Stanley has upgraded this stock of Biocon from overweight …

Vedanta Delisting: What Does It Mean To Individual Shareholders?

Vedanta Delisting: What Does It Mean To Individual Shareholders?

14 May 2020

It seems there is no shortage of excitement for the Indian investors as big news are coming almost daily.  After Reliance held investor’s interest for three weeks, it’s now time for mining giant, Vedanta to grab the limelight. The company has decided to delist itself from Indian bourse (stock market) on May 11th. The news …

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