Page 5 - Institutional Equities News Today

Ajanta Pharma approved its fourth buyback plan in as many years, offering a premium of 25 percent to stakeholders.

Federal Bank board has set up a search committee for evaluating internal or external candidates for the position and the names will be sent to the RBI in the next 2-3 weeks.

Titan Company share price today: The stock was down 0.72 per cent at Rs 3,543.85. Rekha Jhunjhunwala held 5.37 per cent stake in Titan Company, which was worth Rs 16,864 crore in Friday's trade.

Dip in performance of Adani Enterprises, Adani Green Energy, Adani Power and Adani Energy Solutions weighed on the overall numbers

Indus Towers received an additional Rs 360 crore from Vodafone Idea (Vi) for old dues, but analysts note a Rs 60 crore shortfall in collections. Despite this, Indus trade receivables increased by Rs 430 crore sequentially in Q4FY24, reflecting the delayed collection of Vis past outstandings, ultimately settled in April.

Kotak said Q1FY25 will be dismal for Indian Oil Corporation driven by a cut in EBITDA estimates, increased debt estimates, and a miss on recent earnings.

In March quarter, Mindspace Business Parks REIT posted a growth of nine percent in net operating income (NOI) at Rs 476.8 crore

Exide share price: Nomura India said the battery maker is ahead of most peers in terms of investment in plants, technology partnership (SVOLT) and customer approvals (MOU with Hyundai/Kia).

The Head of Institutional Equities at HDFC Securities expects consumption demand to witness a slight pickup in FY25 and suggests adding exposure to the FMCG sector on a selective basis.

Indus Towers received an additional Rs 360 crore from Vodafone Idea (Vi) for old dues, but analysts note a Rs 60 crore shortfall in collections. Despite this, Indus trade receivables increased by Rs 430 crore sequentially in Q4FY24, reflecting the delayed collection of Vis past outstandings, ultimately settled in April.