Rs 652,00,00,000 buy back announced by this Gujarat based company; Record date November 24!
Rs 652,00,00,000 buy back announced by this Gujarat based company; Record date November 24!

Rs 652,00,00,000 buy back announced by this Gujarat based company; Record date November 24!

This company is paying 14 per cent premium for the buyback at Rs 770 per share.

Aniket Gogate Article rating: 4.5

Gujarat Narmada Valley Fertilizers and Chemicals Limited (GNFC), a leading fertilizer and chemical producer in India, has announced a mega share buyback of up to 84.78 lakh shares at a price of Rs 770 per share. This represents a significant premium of 14 per cent to the current market price(Rs 676). The buyback will be open to all shareholders, including promoters and members of the promoter group, as of the record date, November 24, 2023.

Closing Bell: Markets end lower amidst high volatility; metal stocks slip over 5 per cent
Closing Bell: Markets end lower amidst high volatility; metal stocks slip over 5 per cent

Closing Bell: Markets end lower amidst high volatility; metal stocks slip over 5 per cent

On Tuesday, the headline equity indices i.e. Sensex and Nifty ended on a lower note after gaining almost 0.50 per cent in the afternoon session. The European markets have opened in the green whereas the Rupee crossed the Rs 77 per dollar mark and is trading at Rs 77.33.

Sayali Kotwal Article rating: 4.6

On Tuesday, the headline equity indices i.e. Sensex and Nifty ended on a lower note after gaining almost 0.50 per cent in the afternoon session.  The European markets have opened in the green whereas the Rupee crossed the Rs 77 per dollar mark and is trading at Rs 77.33.  

Overnight Digest: Stocks to be kept on the radar for February 3
Overnight Digest: Stocks to be kept on the radar for February 3

Overnight Digest: Stocks to be kept on the radar for February 3

IndusInd Bank, Bajaj Finserv, HCL Technologies, Bajaj Finance and HDFC Life were the top Nifty gainers, while losers included Tech Mahindra, Britannia Industries, UltraTech Cement, Hero MotoCorp and Nestle India.

Shreya Chaware Article rating: 3.1

On Wednesday, the domestic market continued to trade bullidh tracking budget cues and positive sentiments from global markets. Most sectors traded in greeen while banking and finance stocks contributed the most towards the gain. 

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