Infosys has declared a final dividend of ₹17.50 per share for eligible shareholders for the fiscal year 2022-23.
In the money markets, the probability of an increase is at about 29%, down from around 70% earlier in the week.
According to Aditya Birla Capital Ltd., the preferential issuance would take place at a cost of Rs 165.1 per equity share and is pending approval from shareholders.
The floor price for the two-day OFS is set at ₹225 per share.
Apollo Hospitals and Divis Lab emerged as the top gainers in today’s trade.
On the sectoral front, Nifty FMCG, and Media are on the upside.
Recommendation: Add; Target Price: Rs 165
Brent crude futures dropped 5 cents, or 0.1%, to $78.31 per barrel.
Bajaj Auto (+2.40%) is the top gainer on NSE in today’s trade.
Spot gold price remained stable at $1,975.99 per ounce.