Page 2 - Institutional Equities News Today

Bharti Airtel: The modest EMDs, this time round, signal the prospect of selective bidding in the upcoming sale and the government selling at most 21% of the nearly Rs 97,000 crore (around $12 billion) worth of 5G airwaves on offer, analysts added.

Indias top telcos submit low earnest money deposits (EMDs) for the upcoming 5G spectrum auction, marking the lowest since 2014. Analysts suggest selective bidding, foreseeing maximum spectrum demand of $2.5 billion, far below previous auctions. Reliance Jio leads EMDs; Airtel and Vi likely focus on renewals and selective bidding for 5G rollout.

RBIs dividend payout for FY24 was double what the government projected, hence, providing it with extra funds to ramp up capital expenditure, lower the fiscal deficit, or a mix of both.

ITC expected to report flat revenue growth in Q4FY24 with pressure on non-cigarette FMCG margins and strong hotel business.

Shares of Bharat Heavy Electricals Ltd settled at Rs 319.20 on Tuesday, rising 2.95 per cent, with a total market capitalization of more than Rs 1.11 lakh crore.

Sensex/Nifty50 Updates: Analysts anticipate flat market opening with focus on interest rate cuts, US data, and ongoing earnings season for investors

Vi is looking to convert government dues payable in FY26 and FY27 to equity, further diluting the stakes of its shareholders.

Analysts said JSW Steel will see major benefits from its capacity expansion in FY26

Solar Industries defence segment clocked sharp growth of 75 percent year-on-year and the firms management is confident of 3x increase in defence revenues in FY25.

Kaynes Technologies shares have surged over 40% in the past three trading sessions on the BSE following the companys robust performance in the January-March quarter. Today, the stock saw a further spike of 12%, reaching a 52-week high of Rs 3,638.4. In Q4 FY24, Kaynes Tech reported a significant increase in consolidated net profit, soaring by 96.8% year-on-year (YoY) to Rs 813 crore.