[26/02 Weekly Market Update]NTPC (+2%) rose after it paid Rs 4,121.08 cr as an interim dividend for FY23.
[26/02 Weekly Market Update]NTPC (+2%) rose after it paid Rs 4,121.08 cr as an interim dividend for FY23.
Tribe Weekly
Weekly Market Summary
Nifty declined as rate hike concerns dampened investors sentiments.
Companies
NTPC (+2%) rose after it paid Rs 4,121.08 cr as an interim dividend for FY23. Power Grid (+1%) rose due to an improvement in earning profile and valuation. Adani Enterprise (-24%) declined as LIC's investment in the group eroded.
Sectors
Nifty Metal (-7%) declined due to rising inflation and a weak global economic scenario.
Market News
1.BPCL is planning to raise Rs 1,500 cr via NCDs. (Business Standard)
2.Ola Electric is planning to build world’s largest EV hub in India for Rs 7,610 cr. (Business Standard)
3.Tiger Global offloaded 1.7% stake in Delhivery for Rs 414 cr. (Zee Business)
4.Spicejet Q3 profit jumped by 160% to Rs 110 cr. (Money Control)
5.HDFC Bank raised $750 million in dollar bond sale. (Mint)
Tribe Weekly
February 27 Marico Ltd board meeting for interim dividend
February 28 Unitech Ltd quarterly results
March 1 IndusInd Bank Ltd and BLS Infotech Ltd board meeting
March 2 Bajaj Electricals Ltd board meeting
March 3 Polycab India Ltd board meeting
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