INDUSTRIALS

Mukesh Ambani announces AGM bonanza, RIL to consider bonus issue

Reliance Industries Bonus Shares: "The Board of Directors is scheduled to be held September 5, 2024, to consider and recommend to the shareholders for their approval, issue of bonus shares in the ratio of 1:1 to the equity shareholders of the company by capitalization of reserves," the company said in a filing.

RIL will join world's Top-30 league in near future, predicts Mukesh Ambani

At Reliance Industries' (RIL) annual general meeting (AGM) on Thursday, billionaire Mukesh Ambani announced that RIL is poised to become one of the world’s 30 most valuable companies. Currently, with a market capitalization of nearly Rs 21 lakh crore, RIL is India’s most valuable listed company and ranks 45th globally, with a market cap close to $250 billion.

Industry came forward for rules on small, medium REITs: Sebi Chief

Sebi chief Madhabi Puri Buch discussed positive responses to small and medium REITs at the Global Fintech Fest 2024. Buch emphasized compliance as essential for market participants while addressing allegations from Hindenburg Research. Sebi's discussion on Futures & Options trading regulations received 6,000 comments from stakeholders, focusing on investor protection and market stability.

TV18, Network18 shares surge up to 13% on CCI approval of RIL-Disney merger

TV18 Share Price: Shares of TV18 Broadcast and Network18 Media and Investments rose after the Competition Commission of India approved the merger of Viacom18 and Star India. The approval sets the stage for creating India's largest media and entertainment firm, with Reliance holding a 56% stake, Disney 37%, and Bodhi Tree Systems 7%.

RVNL among India Inc's unlucky 13 with over 25% drop in both sales, profit in Q1

To maintain a premium valuation, a stock must demonstrate strong earnings growth and a positive future outlook. However, the June quarter results revealed that several prominent companies, including popular retail multibaggers, fell short in terms of earnings. ETMarkets reviewed companies with an m-cap of at least Rs 5,000 crore and identified 13 entities that reported at least a 25% YoY decline in sales and profit.

PFC, OIL among 31 stocks to trade ex-dividend tomorrow; last chance to buy

State-owned companies PFC and OIL, among others, are in focus as they approach their record date for dividend payouts on August 30. PFC announced an interim dividend of Rs 3.25 per share, while OIL declared a dividend of Rs 2.50 per share. Various other listed companies will begin trading ex-dividend starting Friday.

RIL AGM today: How to trade and what to expect from the Ambanis

In the 47th annual general meeting of RIL, the investors will watch out for timelines, targets, new partnerships and other announcements regarding the conglomerate's diversified business that sprawls across oil and petrochemicals, telecom, retail, new energy and finance.

Regulator urges caution while investing in SMEs

"It has come to the notice of Sebi that, post-listing, some of the SME companies and their promoters have been resorting to certain means that project an unrealistic picture of their operations," Sebi said in a release.

RIL AGM this Thursday. 4 things that 35 lakh shareholders expect from Mukesh Ambani

During Reliance Industries' 47th AGM on August 29, Mukesh Ambani addressed 35 lakh shareholders. Key expectations included updates on IPOs for Reliance Jio and Retail, progress on New Energy projects, 5G monetization, and succession planning. Analysts foresee significant growth, mainly from telecom and retail sectors, over the next years.

Dalal Street awaits RIL AGM: A look at how shares have fared since last meeting

The annual general meeting of Reliance Industries Ltd (RIL) is set for August 29. While RIL shares have slightly underperformed benchmarks since the last meeting, they have still delivered solid returns. Investors are keenly anticipating updates on the listing of retail and digital businesses, potential stake sales, and progress in the new energy sector.

Hindustan Zinc’s record date for Rs 19 dividend tomorrow; last day for eligibility

Hindustan Zinc, a Vedanta-owned mining major, is expected to be in focus today as the company’s board has set August 28 as the record date for determining eligible shareholders for dividend payments. Today is the last day to buy shares to qualify for the announced dividend of Rs 19 per share, which was declared earlier this month.

Stock Radar: 50% rally in 3 months! This capital goods stock hits a fresh record high in August; time to buy or book profits?

Praj Industries Ltd, a capital goods stock, saw a 50% rise in three months before mild consolidation. Experts suggest potential for the stock to reach Rs 875, supported by bullish indicators such as Supertrend, RSI, and MACD. The stock found support above 650 levels, hinting at sustained upward momentum.

Unearthing underdogs! 23 multibagger smallcaps deliver consistent EPS growth over 4 quarters

Smallcap stocks have displayed notable earnings growth as 23 companies, including Shakti Pumps and GE T&D, reported consistent EPS increases over four quarters. The sector's robust performance is expected to continue, driven by telecom, realty, and healthcare, despite high current valuations. Analysts predict strong growth with a CAGR potentially exceeding 20% for FY24-26.

Last date for buyback eligibility: Record date for these 2 companies tomorrow

The boards of Technocraft Industries (India) and Suprajit Engineering have announced share buybacks of Rs 130 crore and Rs 112 crore, respectively, with August 27 as the record date. To participate in these buybacks, investors must purchase shares today to ensure their names are listed in the company records as of the record date, August 27.

These 10 smallcap stocks witnessed a rise in prices and volumes in last 3 days

Little talked but not little business: 7 stocks of companies which supply raw material to many industries with an upside potential of up to 40%

As one after another more sectors get tailwinds of higher economic growth, there are many small and medium size companies making a comeback. A comeback on the front of real business and not only the stock market. A number of them are not names which are heard on the street every day, just because of the fact that they don't deal in consumer facing goods. So a company making graphite electrodes , abrasive or supplier of electromineral will not come to mind when it comes to performers in this bull run. Though it is a different thing that these companies have given decent returns in the current bull run.

Adani Group likely to sell 2.84% in Ambuja Cements for Rs 4,200 crore

Adani Group is set to sell a 2.84% stake in Ambuja Cements on Friday to raise approximately ₹4,200 crore through a block deal. The shares will be sold at a floor price of ₹600 each, a 5% discount to Thursday's closing price. Adani Group's current stake in Ambuja Cements stands at 70.33%.

Ola Electric shares rise over 4% after PLI approval for two more vehicle models

Ola Electric Mobility's shares increased 4.4% after the company received PLI certification for two more of its electric scooters. This approval came after the expiry of the FAME II subsidy, replaced by the Electric Mobility Promotion Scheme.

UBS Sec initiates coverage on KEI Industries and Polycab

UBS Securities has rated KEI Industries and Polycab India with buy ratings, forecasting a 26-31% increase in their stocks over the next year. Analysts mentioned strong domestic demand, capacity expansion, and real estate growth as driving factors. KEI shares increased by 7.6% and Polycab by 2.2% on Tuesday.

CG Power and Industrial completes acquisition of G G Tronics

Last month, the company entered into definitive agreements for acquisition of 55 per cent stake of GG Tronics through a combination of purchase of equity shares from GGT promoters and by way of subscription to compulsorily Convertible Preference Shares for an aggregate consideration of Rs 319.38 crore.

Sunlite Recycling Industries shares list at 90% premium over IPO price

Sunlite Recycling Shares Price: Sunlite Recycling Industries' shares listed at a 90% premium on NSE SME, opening at Rs 199.5 per share compared to the IPO price of Rs 105. The IPO received strong non-institutional interest, being subscribed over 200 times. The company specializes in recycling copper scrap into various products while focusing on environmentally friendly practices.

Titagarh Rail, Dr Lal PathLabs among 22 stocks to trade ex-dividend on Tuesday. Do you own any?

Dividends are paid to shareholders recorded on the company's record date. To qualify for dividends, shares must be purchased at least one day before the ex-date, as transactions settle the following day. Shares bought on the ex-date do not qualify for dividends.

As demand moves from cyclical to secular, a round of re-rating? 5 stocks from decorative laminates industry with an upside potential up to 41%

While it might not appear on face it, the fact is a large majority of businesses have an element of cyclicality in it. Would you call the FMCG business a cyclical business or a secular business? Largely it would be called secular because, the demand of products is through all the year but the fact is a good or a bad monsoon brings in an element of cyclicality in business because rural demand gets impacted. That is why this concept of YoY and QoQ came to market, so that element of cyclicality is taken care of. But there are some sectors and industries, which were cyclical ten years back, though they are still cyclical but the element of cyclicality has come down. The overall demand has increased which has made their balance sheet look much better than what they used to be and with every passing year the element of secular demand is increasing.