Thu, May 2, 2024 12:19 PM
A contrarian stock market indicator is on the verge of flashing a 'buy'
A Flip by Shubhangi Gupta
HSBC Securities said Bharti Airtel's dividend payout is expected to rise by 114% in FY25 to ₹17 per share from last year, driven by improvement in free cash flow and funding requirements at the promoter entity. The brokerage said the dividend per share is estimated to quadruple to ₹34 in three years. It has maintained a 'buy' rating with a ₹1,940 price target, implying a 21.3% upside.
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Indian firms, including Reliance Industries, sought to raise $2.8 billion through external commercial borrowings in November 2024, according to the latest Reserve Bank of India data released on Wednesday. About 82 firms registered with the Reserve Bank of India to borrow an aggregate amount of $1.4 billion from the automatic route.
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📌GIFT Nifty (Earlier SGX Nifty) signals a negative start. 📌India VIX, which is a measure of the fear in the markets, fell 1.33% to settle at 14.46 levels. 📌FPIs turned net sellers at Rs 2,575 crore on Monday. 📌DIIs bought shares worth Rs 5749 crore. 📌The rupee extended its slide for the second straight session and declined 13 paise to hit a fresh record low of 85.87 against USD on Wednesday.
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