9-9
Force Motors trades ex-dividend for Rs 50 per share payout; stock opens lower
Force Motors shares traded ex-dividend for a Rs 50 payout per equity share with a face value of Rs 10, amounting to a 500% dividend for fiscal year 2025-26. The company previously paid a dividend of Rs 40 per share for fiscal year 2024-25. The stock opened lower as benchmark indices slipped with Brent crude trading near USD 100 a barrel after the US-Iran conflict widened and Iran-backed Houthi attacks disrupted Saudi energy infrastructure.
9-9
8-4
Elitecon International hits 10% upper circuit at Rs 18.94 on August 4, 2026 as volumes jump 3.11x
Shares of FMCG company Elitecon International surged in early trade on August 4, 2026, with turnover rising 3.11 times and the stock hitting a 10% upper circuit at Rs 18.94. The move marked a second straight session of upper-circuit gains, taking the two-day advance to more than 17%. The spike came as India rolled out a new auction mechanism for shares with futures and options (F&O) contracts, while Sensex and Nifty traded in opposite directions. The company’s market capitalisation stood at Rs 3,003.58 crore.
8-4
7-30
Juniper Green Energy opens Rs 1,800 crore IPO at Rs 214–225 per share; subscriptions top 5%
Juniper Green Energy’s IPO has opened for subscription with a price band of Rs 214–225 per share, aiming to raise Rs 1,800 crore through a wholly fresh issue. The company raised Rs 539.4 crore from anchor investors, including Abu Dhabi Investment Authority and Nippon India Mutual Fund, via allocations to 31 funds. Early demand has been muted, with overall subscription a little over 5%. The deal is a domestic renewable energy fundraising and does not involve listed legacy assets or a direct impact on existing secondary-market indices, commodities, or FX.
7-30
7-22
PC Jewellers says it prepaid all dues to five consortium banks, targets debt-free status in July–September 2024
PC Jewellers said it has prepaid and discharged all outstanding debt to five of its 14 consortium banks, cutting total debt by more than 90% and targeting a debt-free status in the July–September 2024 quarter. The company reported a net profit of Rs 714.46 crore in FY202526, up 23.7% year on year. It also said consolidated revenue rose about 21% year on year in the first quarter of FY 202627. The stock has gained 222% over three years but is down 35.31% over the past year.
7-22