Tue, Jul 2, 2024 10:21 AM
Divine Power Energy share price makes a blockbuster debut
A Flip by Riya Sharma
3M India has announced a dividend of Rs 685 per share, comprising a final dividend of Rs 160 and a special dividend of Rs 525, with July 5 as the record date. This means that investors who buy shares before today will be eligible for the dividend payment. The company has previously declared three dividends, including a final dividend of Rs 100 in July 2023.
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UltraTech is in advanced talks to acquire Orient Cement, offering a premium of Rs 350-375 per share, translating to an enterprise value of Rs 7,300-7,800 crore ($840-$938 million) or $109-110 per ton. The deal, if successful, will help UltraTech consolidate its position in southern and western markets and accelerate its plan to achieve a 200 million tons per annum capacity by 2027.
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Ahead of the Union Budget, investors typically reduce their exposure one week prior and re-enter one week after, according to a Capitalmind study. The analysis found that market behavior around budget announcements is marked by uncertainty, with investors reducing exposure 63% of the time before the event and re-entering 62% of the time after.
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