Month: August 2019

Yes Bank shares end 7% lower after Moody’s downgrades rating to ‘Ba3’

August 28, 2019 / admin / 0 Comments

Shares of India’s major private sector lender Yes Bank slumped on Wednesday, after rating agency Moody’s downgraded the bank’s rating to ‘Ba3’ from ‘Ba1’. Notably, Yes Bank emerged as the biggest loser in the Sensex pack, after Moody’s Investors Service downgraded the lender’s long-term foreign-currency issuer rating, terming the bank’s …

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Auto, FMCG stocks extend gains after FM’s boost; Tata Motors, Britannia surge 10%

August 27, 2019 / admin / 0 Comments

Auto, FMCG stocks extended rally on Tuesday afternoon, after the Narendra Modi-led government’s reform push came as a shot in the arm for the ailing sectors. The Nifty auto index surged more than 2% to hit the day’s high at 7,185. Tata Motors (10.4%), Ashok Leyland (5.4%), Apollo Tyres (3.4%), …

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YES Bank raises Rs 1,930 cr through QIP route; shares up nearly 5%

August 16, 2019 / admin / 0 Comments

YES Bank on Friday said that it has raised Rs 1,930 crore through Qualified Institutional Placement (QIP) route following the allotment of its equity shares on August 15, 2019. The eligible qualified institutional buyers (QIBs) were allotted 23.1 crore shares of face value of Rs 2 each at Rs Rs …

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RIL reclaims Rs 8 lakh crore mcap as shares jump 10% after Mukesh Ambani’s disruptive plan

August 13, 2019 / admin / 0 Comments

Billionaire Mukesh Ambani-led Reliance Industries reclaimed the Rs 8 lakh crore mark in value after the firm’s shares surged following a slew of disruptive announcements made in RIL’s 42nd AGM yesterday. Reliance Industries share price surged by more than 9.2% to hit the day’s high at Rs 1,270. The shares …

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Sterling and Wilson Solar IPO for Rs 3,125 crore kicks off; should you subscribe?

August 6, 2019 / admin / 0 Comments

Sterling and Wilson Solar IPO (initial public offer) for Rs 3,125 crore opened for subscription today. A Shapoorji Pallonji subsidiary, Sterling and Wilson Solar is among the largest global solar engineering, procurement and construction (EPC) solutions provider. Sterling and Wilson Solar emerged as the world’s largest solar EPC solutions provider in 2018 …

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HDFC share price jumps 3% after stellar Q1 results; net profit up 46% on-year

August 2, 2019 / admin / 0 Comments

Shares of India’s largest mortgage finance lender HDFC surged on Friday afternoon after the firm reported stellar Q1 results. HDFC share price jumped by more than 3% to hit the day’s high at Rs 2,148.60 on BSE. In the quarter ended June 2019, HDFC has reported a 46% rise in …

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Sensex, Nifty see worst July in 17 years; August may get worse for share market

August 1, 2019 / admin / 0 Comments

Indian stocks just suffered their worst July in 17 years, and if history is to be believed, there is little hope that August will be much better.The S&P BSE Sensex dropped 4.9% in the month that ended Wednesday, hurt by disappointment with the country’s new budget, muted corporate earnings and …

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Month: August 2019

Inclusion of Nestle to help boost Nifty50 P/E by 20 bps in FY20

Yes Bank shares end 7% lower after Moody’s downgrades rating to ‘Ba3’

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