IndusInd Bank shares will turn ex-dividend on Friday. The private lender had announced a final dividend of Rs 14 per share. Friday is also the record date and the bank board will determine name of the eligible shareholders for dividend.

Infosys, IndusInd Bank, Mahindra CIE, JSW Energy, Page Industries shares to turn ex-dividend today

Motilal Oswal is bullish on Mahindra CIE recommended buy rating on the stock with a target price of Rs 550 in its research report dated May 22, 2023.

Buy Mahindra CIE; target of Rs 550: Motilal Oswal

Mahindra and Mahindra has sold its entire 3.2% stake in its subsidiary, Mahindra Automotive CIE, via open market transactions, for approximately INR 542 crore. The buyers for the stake are unclear. Mahindra CIE Automotive designs, manufactures, installs and repairs automotive components. Following t…

Promoter M&M sells entire stake in Mahindra CIE Automotive via bulk deal

The sale has been executed on the stock exchanges at a gross price of Rs 447.65 per share, it added. The shares of Mahindra CIE Automotive were offloaded at 11 per cent discount from Tuesday’s closing price of Rs 452.8, the automaker said.

Mahindra offloads entire stake in Mahindra CIE Automotive for Rs 543 crore

Shares of Suzlon jumped 7.41 per cent to Rs 10.15 on NSE. The stock saw 11,05,43,148 shares changing hands within the first hour of Wednesday’s trading, amounting to Rs 109.11 crore.

Reliance Power, JP Power, Mahindra CIE shares see high volumes; 5 Adani stocks lead turnover chart

NSE Nifty 50 and BSE Sensex were trading lower today. In sectoral indices, Bank Nifty fell 136 points or 0.35% to 43,818.45, Nifty Metal plunged 1.38% while Nifty Pharma jumped 1.03%.

TVS Motor, CEAT, L&TFH, Mahindra CIE, IOC among 57 NSE stocks to hit 52-week highs; 8 touch 52-week lows | The Financial Express

Mahindra CIE Automotive: MCIE is engaged in the business of production and sale of automotive components to original equipment manufacturers and other customers in India and overseas

Mahindra & Mahindra sells entire stake in Mahindra CIE at Rs 447.6 a share

Mahindra and Mahindra will sell the remaining 3.2% stake in the company via block trades.

Mahindra CIE Automotive Shares Jump 9% As Promoter Plans To Exit

As per media sources, M&M was looking to sell its residual 3.2% stake in MCIE via the block deal mechanism on stock exchanges today

Mahindra CIE surges 9%, hits 52-week high after large block deal

Buzzing stocks: LIC, Hindalco, Nalco, M&M, Mahindra CIE, Adani Green Energy, Nykaa, Dish TV, Shriram Properties, Wipro, Nykaa, Garden Reach, India Cements, ITDC, LMW, Piramal Pharma

Stocks that will see action today (May 23, 2023)

On May 23, CNBC TV reported that Mahindra & Mahindra is likely to sell a 3.2-percent stake, or 1.2 crore shares, in the automotive component supplier Mahindra CIE Automotive Ltd via a block deal soon.

Mahindra CIE gains 8% after huge block deal

The creamy layer - amongst the top performing stocks

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Mahindra CIE Automotive Limited is an auto components supplier with presence in many technologies, which include forgings, castings, stampings, magnetic products and composites.