Top gainer: SBI Life 1,547 ▲ 48 (+3.25%)
Top loser: Hindalco 694 ▼11 (-1.60%)
Shares of TVS motors jumped as much as 4.09% to ₹2,442.90 apiece on the BSE
Shares of the leading two- and three-wheeler company jumped as much as 4.09% to ₹2,442.90 apiece on the BSE after the company on Thursday said its board of directors has approved an interim dividend payout of ₹10 per share. In a stock exchange filing, the company said, “The Board of Directors at its meeting held today declared an interim dividend of ₹10/- per share (1000%) on 47,50,87,114 equity shares of ₹1/- each fully paid up, absorbing a sum of ₹475 crore, for the financial year ending 31st March 2025.” The record date for determining the eligibility of shareholders for payment of the second interim dividend is March 26, 2025.
Shares of BHEL were trading 2.75% higher at ₹212.21 apiece on the NSE
Shares of the PSU were trading 2.75% higher at ₹212.21 apiece on the NSE after the state-run entity informed exchanges that it received a letter of intent from Gujarat State Electricity Corporation Limited (GSECL) for an order worth ₹7,500 crore. The company won the order through international competitive bidding, and it has to execute it within 54 months.
Shares of Ola Electric were trading over 9% higher at ₹56.38 apiece on the NSE
Shares of the company were trading over 9% higher at ₹56.38 apiece on the NSE after the company clarified the February sales figure mismatch. According to the PTI, the total February registrations by Ola Electric stood at 8,652 on the Vahan portal, while the company had reported sales of more than 25,000 units. Following this, the Ministry of Heavy Industries directed the Automotive Research Association of India (ARAI) to probe the incident.