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RIL Settles at Rs 2580, Jio Financials Priced at Rs 261.85 – Special Pre-Open Session

RIL Settles at Rs 2580, Jio Financials Priced at Rs 261.85 – Special Pre-Open Session

20 July 2023

Today, during the special pre-open session, the shares of Reliance Industries Ltd settled at Rs 2,580, which was determined as the opening price for RIL (excluding Jio financials) at 10 am. Reliance Strategic Investments Limited (to be renamed as Jio Financial Services or JFS) saw its share price calculated at Rs 261.85.  The share price …

Tax Considerations for Jio Financial Services Shareholders: Key Details

Tax Considerations for Jio Financial Services Shareholders: Key Details

2 August 2023

Reliance Industries, India’s largest company in terms of market capitalization, recently demerged its financial arm, Jio Financial Services, last month.  A demerger involves separating a portion of a company, and in this case, with Jio Financial Services, shareholders of Reliance Industries Ltd are receiving a stake in the demerged entity at a 1:1 ratio, meaning …

Market debut: Jio Financial Services hit 5% lower circuit

Market debut: Jio Financial Services hit 5% lower circuit

21 August 2023

Jio Financial Services Ltd (JFS), the financial arm demerged from Reliance Industries Ltd, debuted trading on the BSE at Rs 265 per share, reflecting a 1.2% premium over its discovered price of Rs 261.85 on July 20.  Meanwhile, the NSE listed the shares at Rs 262 each, contributing to JFS’s market capitalisation of Rs 1,58,133 …

From Lock-ins to Trading: 37 stocks to get free from the lock-in period this year

From Lock-ins to Trading: 37 stocks to get free from the lock-in period this year

24 August 2023

Investors will have the opportunity to potentially earn over Rs 864 crore from shares of 37 companies. These companies will become available for trading by the end of this year. In the next four months, a total of 227 crore shares are expected to exit their initial lock-in period for pre-listing shareholders. Unlocking of lock-in …

Ambitious Soft Landing by Chandrayan 3: Stocks That Have Rallied

Ambitious Soft Landing by Chandrayan 3: Stocks That Have Rallied

23 August 2023

The Indian Space Research Organisation (ISRO) launched the Chandrayan 3 mission following its unsuccessful attempt of landing by Chandrayan 2 on September 7th, 2019. The mission’s primary goal is to demonstrate the space agency’s ability to land on the Moon’s south pole gently. India will become a member of a select group of nations that …

Tata Communication shares surged to 52-week high on fundraising plan

Tata Communication shares surged to 52-week high on fundraising plan

23 August 2023

Tata Communications is the leading global digital ecosystem enabler. It has a leadership position in emerging markets, and an infrastructure that spans the globe. It delivers managed solutions to multinational companies and service providers. It partners with 300 of the Fortune 500 companies with their state-of the-art solutions, including a wide range of communication, collaboration, …

Tasty Bite Eatables Q1FY24 Results: Net Profit Soars by Remarkable 160%

Tasty Bite Eatables Q1FY24 Results: Net Profit Soars by Remarkable 160%

23 August 2023

Tasty Bite Eatables stands out as a prominent figure in the realm of natural and ethnic vegetarian packaged and ready-to-eat/serve (RTE) food items. These offerings are predominantly showcased under the well-known “Tasty Bite” brand, distributed across diverse regions including the United States of America, Australia, the United Kingdom, Germany, and Canada. The company’s comprehensive assortment …

TVS Supply Chain Solutions lists at 5% premium over issue price at Rs 207

TVS Supply Chain Solutions lists at 5% premium over issue price at Rs 207

23 August 2023

TVS Supply Chain Solutions Limited, a prominent player in supply chain management service, is listed with a premium of 4.5% at Rs 206 per share on BSE. On the NSE, the stock debuted at Rs 207.05, indicating an increase of 5% compared to its initial public offering price of Rs 197 per share. While writing …

Eicher Motors Expands with New CKD Assembly Unit in Nepal

Eicher Motors Expands with New CKD Assembly Unit in Nepal

2 June 2023

Eicher Motors’ motorcycle arm, Royal Enfield has commencement of operations of its exclusive Local Assembly Unit and CKD facility in Nepal. Set up in collaboration with the Triveni Group, this announcement is a significant boost to the company’s business in the South Asian Association for Regional (SAARC) region, and further reiterates Royal Enfield’s commitment to …

These 3 Stocks from BSE 500 Jumped by More than 5% Today, Do You Own Any?

These 3 Stocks from BSE 500 Jumped by More than 5% Today, Do You Own Any?

19 May 2023

The benchmark index S&P BSE 500 opened today at 24,456.86 and made its day high at 24,486.66 and it is trading in green with an upside move of more than 0.15%.                       From the same space, these are the top 3 companies that outperformed the benchmark index and were up by more than …

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