Stocks to watch on Monday, April 08, 2024: Shares of healthcare related firms likely to be in focus as Manipal nears acquisition of Medica Synergie.
Stocks to Watch on Thursday, April 4: State-owned Union Bank of India has raised $500 million (about Rs 4,200 crore) from foreign markets to fund overseas business growth
As of 10 AM on Friday, Yes Bank, Voda Idea, IRFC, NHPC and Tata Steel were the top traded stocks among the Nifty 200 index. Here's a technical outlook on the select shares.
Revival of Vodafone Idea remains a challenge
Stock market highlights on Wednesday, February 28: The BSE MidCap and SmallCap indices declined 1.8 per cent and 1.9 per cent, respectively
With Wednesday's 9 per cent fall, Vodafone Idea has declined over 20 per cent in the last three trading sessions from its recent high; stock is now trading close to its weekly support level.
Vodafone Idea board on Tuesday approved a fund-raise of up to Rs 20,000 crore through a combination of equity and equity-linked instruments, the crisis-ridden telco said, adding promoters will also participate in the proposed equity raise. Overall, Vodafone Idea plans to raise around Rs 45,000 crore through a mix of equity and debt, the company said. The company has been fighting a desperate battle for survival -- it has a debt of Rs 2.1 lakh crore and is reporting quarterly losses, amid massive subscriber churn. On Tuesday, the troubled telco said its Board of Directors have approved fund-raise of up to Rs 20,000 crores via a combination of equity and / or equity-linked instruments. The Board has also authorised the management to appoint bankers and counsels to execute the fund raise. The company will call for a meeting of its shareholders on April 2, 2024, and post-shareholders' approval it expects to complete the equity fund raise in the coming quarter. The promoters will also
Stock market highlights on Tuesday, February 27: The Nifty50 shut shop 76 points higher at 22,198
The company's board is scheduled to meet on February 27 to consider fundraising via equity or debt instruments.
Stocks to watch on Thursday, February 22, 2024: Voda Idea, Texmaco Rail to consider fund raise proposals on February 27; Gujarat Ambuja Exports fixed record date for bonus issue.
Average revenue per user (ARPU) for the quarter rose to Rs 145, up from Rs. 142 and Rs. 139 in the preceding two quarters respectively
Bharti Airtel, the second-largest player in the market, saw its subscriber count increase by 1.32 million users
Shares of Vodafone Idea hit a 22-month high of Rs 14.45 on the BSE in the intraday trade on Friday, recording positive monthly returns for seven straight months
Stocks to watch on August 16, 2023: Shares of IndiGo are likely to be in focus amid reports of a likely stake sale by the co-founders Gangwal family on Wednesday.
IoT device base still predominantly 2G-based in India, and 5G impact will be limited in medium term, he said
However, 4G customer count grew by a million sequentially to 122.6 million
Ericsson's solution implemented across India, replaces VI's three existing solutions
Shares of Vodafone Idea jumped nearly 10 per cent in morning trade on Friday after Aditya Birla Group Chairman Kumar Mangalam Birla returned to the board of the debt-ridden firm as an additional director in a non-executive and non-independent role. The stock of the telecom firm zoomed 9.73 per cent to Rs 6.65 on the BSE. At the NSE, it jumped 9.91 per cent to Rs 6.65. Birla had stepped down from Vodafone Idea Ltd (VIL) board in August 2021 as non-executive chairman of the company. "...the board of directors of the company...at its meeting appointed Kumar Mangalam Birla, as an additional director (Non-Executive and Non-Independent) with effect from 20 April 2023," VIL said in a regulatory filing on Thursday. VIL is reeling under a debt of Rs 2.22 lakh crore, comprising deferred spectrum payment obligations of Rs 1.39 lakh crore and adjusted gross revenue liability of Rs 69,910 crore that are due to the government. The debt from banks and financial institutions stood at Rs 13,190 c
Stocks to Watch today: HCLTech reported better-than-expected results for Q4FY23. The company posted a net profit of Rs 3,983 crore for the quarter, down 2.8% QoQ and up 11% YoY
Birla had stepped down from the post of non-executive chairman of the company in August 2021