Shares of Stanley Lifestyles on Friday made a decent debut at the bourses by gaining 35 per cent over IPO price. Against the IPO price of ₹369, the stock was listed at ₹499 on the BSE, a premium of 35.23 per cent, and at ₹494.95 on the NSE, a premium of 34.13 per cent. The stock […]
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Bharat Heavy Electricals Ltd has bagged the ₹13,300 crore order to set up a 1600 MW thermal power plant in Koderma in Jharkhand from Damodar Valley Corporation (DVC). JSW Infrastructure on Thursday said it will acquire 70.37 per cent shareholding in Navkar Corporation, engaged in the logistics and cargo transit service industry, for around ₹1,012 […]
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Sensex tops 79,000, Nifty 24K as market turns juicy in June
admin June 27, 2024 ArticleMarket has overcome the election result-induced volatility early this month to score handsome gains. With just one day left, the NSE Nifty50 and the BSE Sensex have gained 6.72 per cent and 7.14 per cent, respectively, so far in June, set for their best one-month gain since December 2023. The Nifty50 gained 0.74 per cent […]
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Reliance Jio Infocomm acquired additional spectrum in the 1800 MHz band in Bihar and West Bengal circles at a cost of Rs 973.63 crore in the auction conducted by the Department of Telecommunications which concluded on Wednesday. Vodafone Idea (Vi) has acquired 50 MHz of spectrum across low-band (900 MHz) and mid-band (1800 MHz and […]
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Stock market update: Top gainers / losers today; Reliance Industries, Bharti Airtel, Ultratech Cement, Grasim among top gainers
admin June 26, 2024 ArticleBSE Sensex climbed 620.73 pts or 0.80 per cent to close at 78,674.25 on Wednesday, and Nifty 50 was up 147.50 pts or 0.62 per cent to close at 23,868.80. Commenting on nifty outlook, Shrikant Chouhan, Head Equity Research, Kotak Securities, said, “Technically, after muted opening market successfully cleared the short-term resistance of 23750/78250 and post […]
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Vraj Iron and Steel’s ₹171-crore IPO opens, closes on June 28
admin June 26, 2024 ArticleThe ₹171-crore initial public offering from the Raipur-based Vraj Iron and Steel will open today and close on June 28 (Friday). The company has pegged the price band at ₹195-207. The issue is entirely fresh. The lot size is 72 equity shares and in multiples of 72 thereafter. The company will use the IPO proceeds […]
Target: ₹2,556 CMP: ₹2,329.35 Over the last five years, Ajanta Pharma’s ROE has improved by about 400-500bps led by buybacks. Combined, the company has concluded buyback of ₹1,100 crore during this period. First-to-market products remain a key driver of India growth. Nearly 50 per cent of the 300+ products that Ajanta has, are FTM. This […]
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Target: ₹57 CMP: ₹45.85 Ujjivan Small Finance Bank hosted an analyst meet recently to showcase its asset verticals, liabilities and technology functions. With Mr Sanjeev Nautiyal expected to take charge as MD & CEO in July 2024, management reiterated its focus on loan mix diversification, improving deposit franchise and enhancing productivity. Management also highlighted higher […]
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Market buzz has it that Highdell Investment and Macritichie Investments plan to sell 7 per cent and 3.4 per cent stake respectively in Car Trade Tech on Monday via block deals. The likely floor price is ₹820 a share, according to markett sources. Garden Reach Shipbuilders and Engineers (GRSE) Ltd has signed an agreement with […]
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FPIs pump ₹12,170 crore into Indian equities until June 21, reversing two-month selling trend
admin June 23, 2024 ArticleReflecting optimism over the Modi 3.0 Government’s policy continuity, Foreign Portfolio Investors (FPIs) doubled down on their investments in Indian equities last week, becoming net buyers of ₹12,170 crore through June 21, official data showed. These net inflows contrasted with net outflows of ₹14,794 crore in the first week of June. The FPI net outflows […]