Infosys fell over 2.43 per cent, becoming the biggest laggard on Nifty IT index. Meanwhile, TCS, Wipro and HCL Tech slipped below 2 per cent on June 23.
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Holders of HDB’s unlisted shares face losses as IPO is priced 40% lower
Investors in HDB Financial Services face a surprise. The company has set its IPO price much lower than expected. The IPO price is ₹700-740 per share. This contrasts with the unlisted market price of ₹1,225 on June 18. Earlier, shares traded as high as ₹1,550. Analysts warn early investors may face losses.
Pharma stock jumps after receiving approval to raise ₹4,500 Cr via QIP
During Tuesday’s trading session, shares of a global biopharmaceutical company engaged in the manufacturing of biotechnology products and research services are in focus, after the company launched a Qualified Institutions Placement (QIP) to raise up to Rs. 4,500 crores.
Upcoming dividend stock: Bajaj Auto, & 24 others to go ex-date next week
Upcoming dividend stock: Bajaj Auto leads the list with a final dividend of ₹210 per share, with the record date set for Friday, June 20, 2025.
Bajaj Finance shares didn’t crash 90%! Here’s what a stock split and bonus really mean
Bajaj Finance shareholders saw a temporary 90% drop in holding value as the stock turned ex-split and ex-bonus. The company issued bonus shares in a 4:1 ratio and also executed a 1:2 stock split, turning every 1 original share into 10. The corporate actions will be completed by June 27, after which updated holdings will reflect in demat accounts.