Shares of central PSU NBCC climbed 8% to Rs 192.40 on BSE following the company’s announcement to consider issuing bonus shares. The meeting is scheduled for August 31, 2024. NBCC, previously distributing bonus shares in February 2017, often rewards its shareholders with dividend payouts.
Chakri Lokapriya expects prolonged earnings pressure despite market optimism
LGT Wealth’s Chakri Lokapriya notes that earnings cuts are expected to continue, potentially impacting Nifty’s growth. However, he sees potential for market improvement in the