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Stock falls 7% after Dabur’s Burmans to acquire additional 26% stake in the company at 14% discount

Stock falls 7% after Dabur’s Burmans to acquire additional 26% stake in the company at 14% discount

Shares of Religare Enterprises Ltd (“Religare’) fell 7.4% within the first 15 minutes of markets opening after the company announced Burman Group’s raise in stake by 26% at a significant discount of 14% from the previous session – Friday’s closing price on BSE. The stock currently trades  at Rs. 255.75, down 6.13% as of now [...]
Multibagger Defence stock jumps 9% after entering into an agreement with DRDO; Check the details 

Multibagger Defence stock jumps 9% after entering into an agreement with DRDO; Check the details 

Shares of this multibagger small-cap stock associated with the ‘Defence’ sector jumped around 9 percent on Monday after entering into several agreements with DRDO.  With a market capitalization of Rs 1,354.02 crores, the stocks of Apollo Micro Systems Limited started their trading session on Monday at Rs 56.68 and currently trade at Rs 58.37, gaining [...]
Smallcap stock falls 18% after receiving a notice for payment of shortfall tax worth ₹ 111 Billion

Smallcap stock falls 18% after receiving a notice for payment of shortfall tax worth ₹ 111 Billion

Shares of this small-cap stock fell 18 percent in Monday’s trading session post a notice from the Directorate General pertaining to the payment of shortfall tax. Year-to-date, the company’s stock has fallen more than 30 percent.  With a market capitalization of Rs 3,878.66 crores, the stocks of Delta Corp Limited started their trading session on [...]