YESBANK: Stake Sale Alert
RBI approves sale of upto 51% stake in Yes Bank, likely valuing the bank at around $10 billion. This would be the largest acquisition in the India's banking sector.
TATACONSUM: Expansion Alert
Tata Consumer Products Limited (TCPL) is investing in its brands to bolster the core businesses of tea, coffee, and salt. The company's strategy includes expanding the contribution of modern trade to 14% of total sales alongside sustained brand-building efforts.
IOC: Fundraising Alert
Indian Oil Crop's joint venture with GPS Renewables plants to raise funds to set up nearly 10 Compressed Bio Gas plants across India. However, Indian Oil Marketing companies like Hindustan Petroleum Crop, Bharat Petroleum Corp, and IOCL are expected to report weak earning for Q1 FY25.
RECLTD: Investment Alert
Investment limit in notified bonds increased to Rs 2 crore, may boost investments in REC Ltd bonds.
INDIGO: Product Launch Alert
InterGlobe Aviation's co-founder Rakesh Gangwai has been appointed to the board of Southwest Airlines. Meanwhile, IndiGo is set to launch a new website and mobile app in August, aimed at streamlining the booking process and enhancing customer experience.
IRFC: Record High Alert
Indian Railway Finance Corporation Ltd share surge 8.8% to record high, up 520% in last 12 months. Technical analyst Manas Jaiswal predicts that once the stock crosses Rs 200, it can see level of Rs 235 on the upside. Stocks including IRFC rose up to 15% on strong buying interest.
ONGC: Dividend Alert
Oil & Natural Gas Corpn ranked second among top 10 dividend yield stocks with 4.1% yield. ONGC offers a dividend yield of 4.09%, supported by a cash payout ratio of 32.5% and an earning payout ratio of 31.3%.
RVNL: Sector Performance Alert
Rail Vikas Nigam Ltd gained 8.66% to trade of Rs 534, highest in a year, on the back of strong performance in the Infras.
ADANIGREEN: Expansion Alert
Adani Group to invest $9 billion in green hydrogen venture in Gujarat, generating 7500 to 10,000 jobs.
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Негізгі бет Stock Market Update and Notifications | 9 July 2024 | Keep Investing and Grow Your Wealth
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