Tag: NSE

Q4 results: NSE to give ₹90 dividend per share and 4 bonus shares for every 1 share held

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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In a move to reward its shareholders, the National Stock Exchange (NSE) announced a pre-bonus dividend of ₹90 per share for the year ending FY24
amounting to a pay-out of ₹4,455 crore on Friday, May 3. It translates into an impressive 9000% dividend against the face value of ₹1 per share. 

“Recommended a final dividend of 9000% i.e. ₹90/- per equity share of ₹1/- each, fully paid up, for the financial year ended March 31, 2024. The final dividend, if approved, by Shareholders at the ensuing AGM, will be paid to the eligible shareholders on or before 30th day from the date of the Annual General Meeting. For the purpose of dividend, the paid-up share capital prior to the issue of Bonus Shares would be considered,” the company informed in an exchange filing.

Not just the dividend, the shareholders of the NSE are in for a big treat as the company also announced the bonus share issuance of four shares for each one held.

#JustIn | NSE announces dividend of ₹90/sh and bonus issue of 4-for-1 pic.twitter.com/3J0iIWn1Fp

— CNBC-TV18 (@CNBCTV18Live) May 3, 2024

The company showed a double-digit growth across most key metrics in its fourth quarter (January-March) results of the financial year 2023-24. NSE’s Q4 net profit rose 55% year-on-year (YoY) to ₹2,488 crore.

Its operating revenue surged 34% YoY to ₹4,625 crore in the January-March quarter, while NSE’s total revenue increased 35% YoY to ₹5,080 crore. The company’s operating EBITDA without additional contribution to core SGF zoomed 78% YoY to ₹3,610 crore and the same with additional contribution jumped 74% YoY to ₹3,036 crore.

#4QWithCNBCTV18 | NSE reports an increase of 34% in operating revenue and 55% YoY in net profit in #Q4FY24 pic.twitter.com/gwcrgnhzkT

— CNBC-TV18 (@CNBCTV18Live) May 3, 2024

For the full year, NSE’s profit rose 51% to ₹8,306 crore and the total revenue came in at ₹16,352 crore, showing a 28% YoY jump.

NSE’s operating revenue jumped 25% YoY to ₹14,780 crore. Its operating EBITDA without additional contribution to core SGF increased 79% YoY to ₹11,611 crore and the same with additional contribution to core SGF jumped 67% YoY to ₹9,870 crore.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

NSE board to take up bonus issue on May 3

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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The National Stock Exchange (NSE) on Monday (April 29) said its board of directors will consider a proposal to issue bonus shares to investors on May 3, 2024.

“…the Board of Directors at its above-referred meeting (i.e. meeting scheduled on Friday, May 03, 2024) would also consider a proposal for issue of Bonus Shares by way of capitalization of reserves including an increase in the Authorized Share Capital of the company, subject to necessary approvals, as required,” according to a stock exchange filing.

Also Read: Gillette Q4 net profit dips 4% on one-time tax outgo, revenue up 10%

Further, the board of NSE will discuss the approval of the annual audited financial results for the fiscal year ending March 31, 2024.

“An announcement was made on April 26, 2024, informing that a meeting of the Board of Directors of the Company scheduled on Friday, May 03, 2024, inter-alia, to consider and approve the annual audited financial results of the Company (both stand-alone and consolidated) for the year ended as on March 31, 2024, along with the Statutory Auditors’ Report, and to recommend the final dividend, if any, for the financial year 2023-24,” the company added.

What is a bonus issue?

A bonus issue is a sign of the company’s expanding equity and increasing liquidity, but as per experts, this should not be the only indicator of performance — one’s decision should be made only after analysing the company’s fundamentals. Conditions like the issue must be authorised by the articles of the company, and a recommendation on the same should be made by the board of directors, once approved by all shareholders.

Also Read: Jana SFB Q4 Results | Net profit surges nearly 4-fold to ₹322 crore on strong net interest income

In the long run, the share price depends on the fundamentals and growth prospects of the company. Buying bonus shares purely on the basis of expected bonus shares should be avoided unless one is clear about the fundamentals of the company you are investing in.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Indraprastha Medical shares hit 52-week high on stake acquisition by Quant Small Cap Fund

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Shares of specialty tertiary care hospital Indraprastha Medical Corporation Ltd (IMCL) surged more than 7% to hit a fresh 52-week high on Tuesday after Quant Small Cap Fund acquired 5.5 lakh shares in the company for nearly ₹14 crore.

The purchase of 5,50,000 shares, representing a 0.59% shareholding, was made at an average price of ₹249.59 per share, according to bulk deal data disclosed to the stock exchanges on Monday.

The New Delhi-based super specialty tertiary care hospital is a collaboration between Apollo Hospitals and the Delhi Government. IMCL operates two hospital facilities, one located in New Delhi and the other in Noida, Uttar Pradesh.

Following the positive development, the stock surged as much as 7.8% to hit its 52-week high of ₹262.05 apiece on the BSE.

This has helped in driving the company’s market capitalisation to more than ₹2,370 crore.

As of March 2024, together, the promoters own 51% of the company’s stake. The Government of NCT of Delhi holds 26%, and the Apollo Hospitals Group owns 25%. However, the government of NCT of Delhi has not yet dematerialised its shareholding.

Earlier this month, HDFC Bank divested a substantial portion of its shares in Indraprastha Medical Corporation Ltd (IMCL).

According to a regulatory disclosure on April 4, the bank confirmed the sale of a 3.03% equity stake in IMCL, amounting to ₹55.46 crore. This divestment took place through several transactions on the National Stock Exchange (NSE) between February 29 and April 4, 2024.

Throughout this period, HDFC Bank offloaded a total of 2,781,897 shares of IMCL, resulting in a decrease in its ownership stake in the company from 5.48% to 2.45%.

Shares of IMCL were trading 5.26% higher at ₹258.2 apiece on the BSE at 12:14 pm.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Lok Sabha Polls 2024: Here is how the markets fared in Modi government’s second term

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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It has been an eventful five-year term for the Narendra Modi-led government and even more so for the market. It has overcome one headwind after another to get to where it stands today.

No one can forget the COVID-19 pandemic and the lows of 7,511 that the Nifty made. The index trebled from those levels just a few weeks ago.

The pandemic was not the only headwind. The market went through the Russia-Ukraine war, rising oil prices, and US Fed uncertainties, which continue to date, yet remained resilient for most of it.

It has witnessed the mega Life Insurance Corporation (LIC) IPO, the Adani-Hindenburg scandal, the rise and rise of GQG, which has now become the biggest foreign investor in India’s equity markets, the mega PSU rally of the last 12 months, the trend of foreign promoters cashing in, and so much more.

Amidst all this, the Nifty, Sensex, and broader markets made new highs this month. The Sensex even crossed the 75,000 mark and market participants expect the level of 100,000 on the index sooner than later.

Let’s now go to numbers and the Nifty has nearly doubled in the last five years. To be clear, we are comparing returns from May 23, 2019, which was when the Bharatiya Janata Party and Prime Minister Modi got a second term in office. The broader markets have done well. The midcap index has nearly trebled, and the smallcap index is also up 2.5x.

Barring FMCG, almost all the indices gained at least 100% over the last 12 months. The realty index has emerged as the best performer, gaining nearly 248% during this term.

No index heavyweight features among the top performers on the Nifty 50 since May 2019. The names though, are not entirely surprising.

Adani Enterprises features as the top Nifty gainer. Tata Motors, Tata Consumer and Bharti Airtel also make an appearance here.

Only one Nifty constituent has delivered negative returns during this term, and that is IndusInd bank, which has declined 8% in the last five years. The underperformers, too, are the usual suspects, HUL, HDFC Bank and other major private banks like Axis and Kotak.

When we go sector-wise, autos lead the pack and take a look at Tata Motors DVR – over 650%. Tata Motors returns here, but Balkrishna Industries has also tripled in value since May 2019.

Metals continue to remain in focus, Hindustan Copper is up almost 7x in five years. And although Vedanta and Hindustan Zinc are recent outperformers, they are the worst performers on the index over five years.

It may be under pressure recently, but over the past five years, midcap has easily outperformed their largecap peers.

Take a look at Persistent Systems, up over 1,000%, Coforge, up 4x, L&T Technology Services has tripled, and although Infosys and TCS have doubled and nearly doubled in five years, they could not match up to their midcap peers.

On to pharma and that was a big outperformer during COVID-19 but has seen some reversion to mean since then. Laurus Labs saw most of its surge during the pandemic and is currently struggling, but among the underperformers, include the likes of Gland Pharma and Biocon, stocks that have barely moved during Modi 2.0.

Real estate was the best sector. And here, too, most stocks have at least doubled in value. However, Sunteck is an underperformer, down 10% and sticks out like a sore thumb in a list of outperformers.

FMCG struggled and is possibly the only index that does not have triple-digit returns in the last five years. But specific stocks like Varun Beverages have been winners all along. Up over 900% during this period, as are Radico Khaitan and Tata Consumers. But ITC, despite the recent outperformance, features on the list of underperformers, as does HUL which has just not moved.

The flavour over the last 12 months has been PSUs. IRCTC and HAL are both up over 1,000% while BEL is up over 500%. The underperformers here feature oil marketing companies and ONGC.

The broader markets did well. The midcap index has nearly tripled in the last five years, with seven stocks seeing returns of over 1,000%. Fact, Dixon, and Mazagon Dock are some outperformers.

But if there are wealth creators, there are wealth destroyers, too. Paytm, Zee, Bandhan Bank, UPL – the recent Nifty exclusion.

The smallcaps underperformed their midcap peers but also surged 2.5x during Modi 2.0.

Here are the top movers – Tata Tele, JBM Auto, Titagarh and the list of underperformers features only four names. RBL Bank, City Union, Piramal Pharma, and PVR Inox.

So, it’s been a roller-coaster for the markets. The country goes to polls starting today and the markets are looking to rebound from the recent sell-off.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

NSE to impose additional exposure margin on some F&O stocks

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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The National Stock Exchange (NSE) on Tuesday (April 16) said it will impose additional exposure margin on some Futures & Options (F&O) stocks.

“Additional exposure margin @15% in equity derivatives segment shall be levied on securities in which top 10 clients account for more than 20% of
Market Wide Position Limit (MWPL),” NSE said in a circular.

However, for securities wherein an additional surveillance margin is applicable, the higher additional exposure margin as stated above or additional surveillance margin shall be levied.

Also Read: NSE issues clarification on fake videos of MD and CEO Ashish Chauhan recommending stocks

“Scrip’s shall be identified under this framework based on 3 months rolling data and shall be reviewed on a monthly basis,” NSE added. This framework will be effective from April 26, 2024, immediately after the expiry of April 2024 contracts.

What is MWPL?

MWPL is the maximum position that can be taken in the derivatives segment, both futures and options contracts combined. This number is linked to the trading volume in the cash market or free-float (non-promoter shares) in the company.

At present, MWPL is the lower of 30 times the average number of shares traded daily in the cash segment, during the previous month, or 20% of the shares held by non-promoters. This means that if the public shareholding in a company totals 100 shares, then the positions that can be taken up through futures and options contracts should not exceed 20 shares.

Also Read: Trading on NSE’s cash and derivative segments to become cheaper

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

NSE issues clarification on fake videos of MD and CEO Ashish Chauhan recommending stocks

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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The National Stock Exchange (NSE) on Wednesday, April 10, cautioned investors on fake audio and videos of its MD and CEO Ashishkumar Chauhan recommending specific stocks circulating on social media for the last few days.

NSE said it has observed the use of Chauhan’s face and voice and the stock exchange’s logo in a few investment and advisory audio and video clips falsely created using technology.

“Such videos seem to have been created using sophisticated technologies to imitate the voice and facial expressions of Shri Ashishkumar Chauhan, MD & CEO of NSE,” the stock exchange said in an official release.

Caution – clarification on fake audio/ videos of NSE MD and CEO recommending specific stocks – circulating on social media for last few days. @NSEIndia pic.twitter.com/SOphwN9Onf

— Ashish Chauhan (@ashishchauhan) April 10, 2024

NSE said its employees were not authorised to recommend any stock or deal in those stocks.

It cautioned investors and asked them to not believe in such audio and videos and not follow any such investment or other advice coming from such fake videos or other mediums. The stock exchange also requested investors to verify the source of communication and content, which is sent out on behalf of NSE and to keep a tab on the official social media handles.

The NSE is making efforts to request these platforms to take down these objectionable videos, wherever possible, it noted.

Recently, several deepfake videos of ICICI Prudential Mutual Fund Managing Director Nimesh Shah making stock recommendations for this year surfaced as ads on the social media platform Facebook.

These videos were fabricated using voice cloning software, according to a news report on boomlive.in. The report also added that a statement by ICICI Prudential AMC confirmed to the website that Nimesh Shah made no such stock recommendations. It also added that the Facebook videos seem to be edited from an interview the fund manager gave to Outlook Money.

In an interaction with CNBC-TV18, on the sidelines of the World Economic Forum (WEF) 2024 in Davos, Switzerland, IT Minister Ashwini Vaishnaw shared concerns about AI-enabled deepfakes. He flagged how while the government has conveyed concerns to the social media companies, there were questions about how much effort they were putting into combating deepfakes.

Vaishnaw told CNBC-TV18 that due to the upcoming Lok Sabha elections, the government didn’t have time for new legislation and the government was trying to work within the framework of existing regulations. But he cautioned that after the elections, the Centre will consider new legislation to combat the menace of deepfakes.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

NSE to launch four new indices in capital markets from April 8

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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The National Stock Exchange (NSE) will launch four new indexes in the cash and futures and options segments starting from April 8.

The newly launched indexes include Nifty Tata Group 25% Cap and Nifty500 Multicap India Mfg 50:30:20, Nifty500 Multicap Infrastructure 50:30:20 and Nifty MidSmall Healthcare, according to a circular issued by NSE earlier today.

#JustIn | #NSE introduces four new Indexes w.e.f April 8, 2024, which includes Nifty Tata 25 Cap, Nifty Multi Mfg, Nifty Multi Infra & Nifty MidSml Hlth pic.twitter.com/cmOCmuFzCx

— CNBC-TV18 (@CNBCTV18Live) April 3, 2024

The broadcast of the indices will be made available to F&O members in NEAT+ terminals under the multiple index inquiry screen, the circular further stated.

Meanwhile, the 30-share BSE Sensex declined by 27.09 points, or 0.04% to settle at 73,876.82 in a volatile trade. The broader NSE Nifty declined 18.65 points, or 0.08% to 22,434.65, with 30 components of the 50-share benchmark ending with losses.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Stock Market Holiday: NSE, BSE to remain closed today on the occasion of Holi

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Indian stock markets are closed on Monday, March 25, on the occasion of Holi, making it the second trading holiday of the month.

There will be no trading on the Bombay Stock Exchanges (BSE) and the National Stock Exchanges (NSE) today.

The websites of both stock exchanges stated that trading in the equity segment, equity derivate segment and SLB segment would be closed on Monday, March 25.

There won’t be any trading in the currency derivates segments either.

On March 25, morning trading in the commodity and electronic gold receipt (EGR) segment will also be closed from 9 am to 5 pm. However, trading on MCX will remain open for the evening session. Trading will continue in the commodity derivatives segment and EGR segment for the session from 5 pm to 9 am.

The stock market will also be closed on March 29 on Good Friday. As both these holidays fall in the same week, the market will open only three days in the March 25–29 week. On March 29, trading will be closed in the morning and evening segments on the occasion of Good Friday.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

This company has given nearly ₹13 in 2 dividend announcements in the last 3 months

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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R Systems International Ltd has announced an interim dividend of ₹6 per share. The company had earlier announced an interim dividend of ₹6.8 per share in December 2023. Taken together, R Systems International has announced nearly ₹13 as dividends in two installments in the current financial year 2023–24.

The company has fixed March 28 as the record date to determine the eligible shareholders for the latest dividend announcement.

“The Board of Directors of R Systems International Limited…  approved the payment of Interim Dividend for the year 2024 at the rate of ₹6.00/- per equity share of face value of ₹1/- each. The Interim Dividend for the year 2024 will be paid on or before April 17, 2024. The Record Date for the purpose of determining the entitlement of the shareholders to the Interim Dividend for the financial year 2024 is Thursday, March 28, 2024,” the company informed in an exchange filing.

R Systems International had earlier, in June 2022, announced an interim dividend of ₹6.50. Before that, it had given an interim dividend of ₹3.20 per share in November 2021.

R Systems International dividend history

Here’s a list of R Systems International’s dividend history over the last few years:

Source: Moneycontrol

R Systems International latest quarterly results

R Systems International reported standalone net sales of ₹207.30 crore in December 2023, down 4.83% from ₹217.82 crore in December 2022, as per a Moneycontrol report. R Systems International quarterly net profit came in at ₹37.00 crore in December 2023 up 8.85% from ₹33.99 crore in December 2022. The company’s EBITDA came in at ₹39.11 crore in December 2023 down 15.02% from ₹46.02 crore in December 2022.

R Systems International share price performance

R Systems International share price settled at ₹449 on Wednesday’s close, up 1.87%. The stock has dropped over 18% in the year so far. The R Systems International stock price has jumped 78% in the last one year and the three-year return on the scrip is 299%.

A software product development and BPO services company headquartered in New Delhi, R Systems International Ltd helps companies bring products and services to market quicker by using their proprietary pSuite execution framework.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Sensex, Nifty close volatile session with gains ahead of US Fed interest rate decision this week

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Indian shares settled Monday’s volatile trading session with gains as the Street turned cautious ahead of the US Federal Reserve interest rate decision on March 20.

The benchmark 30-share BSE Sensex settled higher by 105 points, or 0.14%, at 72,748. The broader 50-share NSE Nifty50 rose by 32 points, or 0.15%, to close at 22,056. Metal and auto stocks led the gains, but IT and Teck shares capped the upside.

#MarketAtCLose | Market ends mixed in a rangebound session, broader market underperforms

Nifty holds on to 22,000 with Metals being a major support

Sensex rises 105 points to 72,748 & Nifty 32 points to 22,056

Nifty Bank down 18 points to 46,576 & Midcap Index 184 points to… pic.twitter.com/PpIUg2GVeF

— CNBC-TV18 (@CNBCTV18Live) March 18, 2024

Index heavyweight Reliance Industries Ltd (RIL) rebounded more than 1.5% from the day’s low, lifting Sensex and Nifty. The oil-telecom-retail conglomerate settled 1.45% higher.

Tata Steel rose the most by 5% among Sensex gainers, followed by Mahindra & Mahindra, JSW Steel, Tata Motors, Axis Bank, Sun Pharma, Reliance Industries and Maruti Suzuki among others.

IT shares declined amid investor worries over interest rates in the US market. Infosys fell the most by 2% among Sensex losers. Tata Consultancy Services, Titan, Wipro, Hindustan Unilever and Nestle also declined.

In the broader market, the BSE midcap gauge ended flat in the green, while the smallcap index ended flat in the red. Among sectoral indices, metal zoomed nearly 3%, auto gained over 1%.

Foreign institutional investors (FIIs) sold shares worth ₹2,051.09 in equities today, while domestic institutional investors (DIIs) bought shares worth ₹2,260.88 crore, according to the provisional data available on BSE.

#FundFlow | FIIs net sell ₹2,051.09 crore while DIIs net buy ₹2,260.88 crore in equities today (provisional) pic.twitter.com/2wchQfCJUC

— CNBC-TV18 (@CNBCTV18Live) March 18, 2024

The US Federal Open Market Committee (FOMC) meeting will commence on March 19 and the policy rate decision will be announced on Wednesday.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow