Stock Market LIVE: Nifty, Sensex Near Day's Highs; Shriram Finance Shares Surge, Chola Finance Shares Drag
The rupee appreciated 24 paise to 89.96 against the US dollar in early trade on Friday.
Stock Market LIVE: HDFC Bank Share Price In Focus
HDFC Bank has 1.52 million shares traded in a block deal. Shares of the company are currently trading 0.65% higher at Rs 986.10 apiece.
Stock Market LIVE: Ather To Enter Insurance Space
Ather Energy has approved the incorporation of a wholly-owned subsidiary to enter the insurance distribution space. The new arm will offer insurance policies, expanding Ather’s presence beyond electric two-wheelers into allied mobility services.
Source: Exchange Filing
Stock Market LIVE: B&K Securities View On Shriram Finance Deal
Big positive; Earning dilution limited
RoE for FY27 is deteriorating only marginally from16.1% to 15%
Transaction expected to improve company’s rating and cost of funds
EPS dilution is contained at a modest ~3%
Entry of a high-quality strategic investor like MUFG is structurally positive
Expect valuation multiple discount versus peers to narrow down
Stock Market LIVE: Most Sectoral Indices Advance
Sectoral indices were largely trading in the green, led by Nifty Defence and Auto.
Stock Market LIVE: Tata Power To Raise Funds
Tata Power's board approves proposal to raise funds worth Rs 2,000 crore via NCDs.
Source: Exchange filing
