Good afternoon
NIFTY 50 is trading flat after making a new all time high at 22,297 and is currently hovering around 22,150 levels.
Top gainer: TCS: 4,088 ▲ 87 (+2%)
Top loser: SBIN: 742 ▼ 16 (-2%)
Zydus Life share buyback date announced
Zydus Lifesciences said that its ₹600 crore share buyback will open on 29 February and close on 6 March. Zydus Life’s board agreed to repurchase 59.7 lakh equity shares, representing 0.59% of the company’s total paid-up equity capital via the tender offer route. The shares will be repurchased at a price of ₹1,005 a piece.
Lemon Tree rises on inking two agreements
Shares of the hospitality company are up today. This comes after it signed two new properties in Rajasthan and Vijayawada. The properties will open in FY26 and will be managed by Lemon Tree’s wholly-owned subsidiary Carnation Hotels.
Canara Bank gains on stock split announcement
Shares of Canara Bank are trading in the green. This comes after the lender’s board of directors gave a nod for 1:5 stock split. Simply put, every one share of the company will get divided into five shares.
Tanla Platforms gains over 3% after launch of generative AI tool Trubloq.AI
Shares of software solutions provider Tanla Platforms gained more than 3% on Tuesday after the company announced the launch of a new generative Artificial Intelligence (AI) tool Trubloq.
TVS Motor increases stake in German firm Killwatt to 49%
TVS Motor Company Ltd shares dropped on Tuesday a day after the two-wheeler major announced raising shareholding to 49% in German electric auto component manufacturer Killwatt.