Snehal khanna Blog

Since July 3, the bank announced the stock split plan the stock outperformed the market by surging 29% against 3.5% rise in Sensex LATSET NEWS :  Yes Bank hit a new high of Rs 383, up 2% on BSE in early morning trade after the stock turned ex-stock split in the ratio of 1:5 with effect from today. The board of Yes Bank on July 26, 2017 had approved stock split in the ratio of 5 for 1, i.e. sub-division of 1 equity share of face value of Rs 10 each fully paid up into 5 equity shares of Rs 2 each fully paid up. The bank has fixed Friday, September 22, 2017 as record date for determining the eligibility of shareholders, with regards to sub-division equity shares. In order to facilitate affordability of the company’s shares for investors at large and to enhance the liquidity of the company’s equity shares in the stock market, the most of companies proposed to bring down the nominal face value of equity shares. Since July 3, the bank announced the stock split pl...

D-Mart with an m-cap of Rs 55,712 crore entered into the list of top-50 most valuable companies. LATEST  NEWS    : Avenue Supermarts, which operates supermarket chain D-Mart, has rallied 7% to Rs 910 on BSE, its highest level since listing on March 21, 2017. Shares of Avenue Supermarts (D-Mart) which is promoted by veteran ace investor Radhakishan Damani, rose 204% against its initial public offer (IPO) price of Rs 299 per share. The company raised Rs 1,870 crore was subscribed more than 100 times. Since March 21, 2017, the shares of D-Mart have outperformed the market by surging 42% compared with a gain of 6.5% in S&P BSE Sensex. At 01:41 pm; the stock was up 5.5% at Rs 893 against 0.53% rise in the benchmark index. A sharp surge in market price has led D-Mart to enter into the list of the top-50 most valuable companies in terms of market capitalisation (m-cap). D-Mart with an m-cap of Rs 55,712 crore stood at 47th position in overall m-ca...