Shares of IOL Chemicals and Pharmaceuticals surged over 5 percent on December 30 as investors lapped up the stock after the board greenlit the proposal for a five-for-one stock split. Shareholders will get five shares for each share they currently own.Following the announcement, investors hoarded shares of the company in hopes of getting rewarded with additional stocks following the split. A stock...

Shares of Vodafone Idea rose over 5% on December 30 as the government waived bank guarantees for past spectrum auctions. At 11:1o am on December 30, Vodafone Idea shares were trading at Rs 7.88, around 5% higher.The telecom firm has been exempted from providing bank guarantees worth Rs 24,800 crore for spectrum auctions held before 2021 (2012, 2014, 2015, 2016). In a December 28 filing, the compan...

Automotive major Mahindra has set up a new, renewable energy company in Mumbai- Ultrogen Hybren - to generate and sell electricity through renewable sources, including rooftop solar installations, Mahindra and Mahindra said in a company filing.Shares of M&M are lower by 0.8% during early trade on December 30.Ultrogen Hybren will be a subsidiary of Mahindra Susten, a subsidiary of Mahindra Holdings...

Seasonality analysis in the stock market refers to the study of recurring trends or patterns in stock prices that appear at specific times of the year. It is a tool for traders to make informed decisions about when to buy and sell stocks, sectors, or indices.What is Seasonality Analysis?Seasonality in the stock market refers to the tendency for certain stocks or sectors to perform better or worse ...

Benchmark indices Nifty and Sensex opened on a subdued note, slipping in the penultimate trading session of the year on December 30 after a strong close in the session before. While FMCG stocks provided some support, IT and auto counters weighed on sentiment. As the final week of the year unfolds, market activity remains muted, with investors tying up their books amid the festive lull.India VIX, t...