Share India declared a total dividend of ₹12.50 per share in FY24, with a net dividend yield of around 5.50%, close to bank fixed deposit interest rates. The company's board of directors has also declared a ₹0.40 per share interim dividend for FY25, with a record date of August 2, 2024. This translates to a 20% dividend payout of the face value of Share India shares.
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Delta Air Lines and Hexcel Corporation are undervalued stocks after recent sell-offs. Delta expects 2-4% revenue growth in Q3, despite 5-6% capacity growth, indicating yield pressure. However, the airline industry may be learning to cut capacity quickly when demand exceeds supply, which could improve pricing conditions. Hexcel, a supplier to Airbus and Boeing, reduced its full-year guidance.
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ITC is set to launch a new nutrition brand, "Right Shift", targeting consumers above 40, in the next 10 days. The brand will offer a portfolio of snacks, drinks, and meal items with targeted dense nutrition for strength and energy building. This is a new space for ITC, with plans to expand the portfolio over time.
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