ITC Hotels will be removed from 22 BSE indices before trading begins on Wednesday, February 5. The company, which was spun off from ITC Ltd., had been temporarily included in the Sensex and other indices to facilitate portfolio rebalancing by passive funds. ITC Hotels Removal from Indices and Market Impact ITC Hotels began trading as …
Bonus shares are extra shares given to existing shareholders at no additional cost, depending on the number of shares they already hold. Companies typically issue bonus shares as a way to distribute accumulated profits or reserves, serving as a sign of the company’s financial stability and growth potential. For example, with a 1:1 bonus issue, …
United Spirits plans to shut down its Hyderabad manufacturing unit by July 2025, contributing 1.5% to annual revenue. This move is part of a broader supply chain agility program approved in January 2023, the company said in a press release on the stock exchanges. Overview of the Manufacturing Unit Closure Plan United Spirits Limited has …
Several dividend-paying stocks, including GAIL (India), ONGC, CAMS, Nestlé India, and Marico, will be in focus today as they turn ex-dividend on Friday, February 7, 2025. These companies have announced interim dividends for their shareholders, and investors who own these stocks before the ex-date will be eligible for payouts. Highest Dividend Announcements Among the listed …
Swiggy Limited announced its financial results for the quarter and nine months ended December 31, 2024. On February 6, 2025, Swiggy share price opened at ₹391.00, down from its previous close of ₹418.05. At 9:39 AM, the share price of Swiggy was trading at ₹403.10, down by 3.58% on the NSE. Notably, today the stock price touched …
Page Industries sees a 34.3% YoY profit growth in Q3FY25, reaching ₹204.7 crore. Despite short-term challenges in the apparel market, they forecast strong growth driven by athleisure and innerwear segments. Q3 FY25 Financial Highlights Page Industries, which manufactures and distributes Jockey in India, reported a solid 34.3% year-on-year increase in its third-quarter profit for FY25, …
Nestlé India, a leading FMCG company, announced a ₹14.25 dividend per share with the ex-date set for February 7, 2025. The dividend payout announcement was made on January 25, 2025. Corporate Action History Nestle India has a long history of consistently rewarding its shareholders through dividend payouts, demonstrating its commitment to delivering value. The company …
Mahanagar Telephone Nigam Ltd (MTNL) share price saw a sharp rise of 20% in its share price, reaching the upper circuit limit of ₹57.16 on the BSE on February 5. This surge follows a 6% gain in the previous session. The stock opened at ₹54, up from its last close of ₹47.64, and peaked at …
Asian Paints reported a 23.3% drop in net profit for Q3FY25, bringing it down to ₹1,110 crore. The company’s net sales fell 6.1% year-on-year to ₹8,522 crore, mainly due to weak demand, downtrading, and a lackluster festive season. Performance Across Business Segments Decorative Paints (India): Volumes grew 1.6%, but overall sales declined due to sluggish …
Tata Power reported an 8.2% increase in its consolidated net profit for Q3FY25, reaching ₹1,030.7 crore, compared to ₹953 crore in the same quarter last year. This rise was driven by improved business performance. Revenue and PBDIT Performance Revenue grew 5% year-on-year to ₹15,391.1 crore. Profit Before Depreciation, Interest, and Tax (PBDIT) saw an 81% …
