In the 14th edition of IIFL’s “Quirks of the Quarter” series, analysts explore eleven themes ranging from sectoral topics such as pricing actions, return of smaller players, festive mismatch, slowdown in pizza cuisine and company specific issues in ITC, Nestle, HUL, Jyothy Labs, Nykaa, Dabur and Go Fashion.
For a maximum sum of Rs 17,000 crore, the IT company will buy back up to 40.96 million fully paid-up equity shares, each having a face value of Rs 1.
Dabur International Ltd and Dermoviva Skin Essentials Inc were discharged as defendants in federal litigation in the United States.
CNBC TV-18 report claims that the company intends to use QIP to raise Rs 600 crore, with a greenshoe option of Rs 200 crore. This will result in a QIP equity dilution of 8%.
Following this development, ONGC hits a new 52-week high of Rs 203.40 on NSE.
The company aims for 50-60% of its top line to come from redevelopment projects in Mumbai, both in terms of presales and bottom line, over the next three years
The project is commissioned by the National Hydroelectric Power Corporation (NHPC).
The stock saw a 10% increase after listing at an 8% premium
All three rating agencies saw rating revenue growth moderation in Q2FY24 after witnessing mid-teens growth in preceding quarters.
According to the company's regulatory filing, this listing is a key step towards the product's successful commercialization.

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