Mon, Mar 4, 2024 11:38 AM
TVS, Eicher, Bajaj Auto, Tata Motors preferred picks of Jefferies
A Flip by Riya Sharma
UPL announced on Wednesday, November 20, that it would raise ₹3,377.74 crore through a rights issue of 9,38,25,95 partly paid shares at ₹360 per rights equity share. The company will issue shares in the ratio of 1:8, or one equity share for every eight equity shares held. The record date for this purpose has been fixed as Tuesday, November 26, 2024.
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Delhivery's stock has been on a downward trajectory since August 2022, declining 51.4% from its all-time high. Delhivery reported profitability for the second consecutive quarter, with a profit after tax of ₹10 crore in Q2 FY25 as compared to a net loss of ₹103 crore in Q2 FY24. Following the company's Q2 numbers, domestic brokerage firm Elara Capital retained its 'buy' rating on the stock.
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Buyers from Myanmar have been snapping up condominiums in Bangkok and other parts of Thailand, providing a bright spark for the kingdom's sluggish real-estate market, as they look to move money out of an economy battered by civil war. Thai condominium unit sales to Myanmar nationals in the first nine months of 2024 tripled from the same period last year, according to the REIC.
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