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The Mumbai-based Infina Finance donated electoral bonds worth Rs 60 crore to the Bharatiya Janata Party (BJP). The NBFC firm purchased these bonds in the denomination of Rs 1 crore in 2019, 2020 and 2021, according to the data given by the State Bank of India (SBI) to the Election Commission. The data was made public last month.
The latest shareholding of IndusInd Bank showed that the foreign shareholding has decreased to 62.61%, thereby meeting the minimum headroom requirement of 15%.
While promoter holding is an important parameter, it should not be the sole reason for buying a stock.
Initial shareholding data showed that there are at least 27 companies in the BSE 500 index in which promoters have upped their holdings for the quarter ended September 30.
Shares of Neuland Laboratories hit a new high of Rs 2,425 as it rallied 6 per cent on the BSE in intra-day trade on Tuesday. The stock has surged 16 per cent in the past three trading days. Thus far in the calendar year 2021, the stock of the pharmaceutical company has zoomed 121 per cent as compared to a 3 per cent rise in the S&P BSE Sensex. Chennai-based ace investor Dolly Khanna acquired 161,336 equity shares, representing a 1.26 per cent stake, in Neuland Laboratories during the quarter ended March 2021 (Q4FY21), according to the shareholding pattern filed by the company. Dolly Khanna ...