Thu, May 2, 2024 12:11 PM
REC shares zoom nearly 9% to fresh 52-week high post Q4 results
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PN Gadgil Jewellers' stock is expected to gain attention following a strong Q3FY25 business update, with 24% YoY revenue growth driven by festive demand and same-store sales growth, despite a 12% decline in the past month. The company plans to open three more stores in the upcoming quarter, expanding its footprint.
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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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