Sat, Jun 29, 2024 10:06 AM
Tech boom leads global markets through first half of 2024
A Flip by Avya Verma
Atul Auto stock had surged 19%. The stock opened at Rs 634.40 & climbed to an all-time high of Rs 746.80/share on the NSE. Ace investor Vijay Kedia holds an 18.20% stake in the company along with additional 2.71% stake through Kedia Securities. With stock hitting upper circuit limit of 20% Kedia's unrealized profit amounted to approximately Rs 72.73 cr within just 4 hours of trading on Mon.
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Bajaj Consumer Care has set July 2 as the record date for its Rs 166.49 crore share buyback, offering a 10% premium on the closing price of Rs 263.75. The buyback represents 19.25% of the company's paid-up capital and 20% of its free reserves. The company will buy back up to 157.41 lakh equity shares at Rs 290 each, aggregating to Rs 166.49 crore.
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Tata Consumer Products Ltd received a ₹171.83 Crore tax demand from the Income Tax department for the 2019-20 assessment year, citing additions and disallowances to returned income, including interest. The company deems the demand unjustified and plans to appeal and seek rectification. Despite this, the company's shares are trading at ₹1089.45, with a 26% gain over the last year.
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