On Wednesday Sajjan Jindal-owned JSW Infrastructure said its initial share sale will open for public subscription on September 25. The IPO comprises a fresh issue of shares worth Rs 2,800 crore. According to the Red Herring Prospects (RHP) JSW Infrastructure's issue will conclude on September 27, while the bidding for the anchor investors will open [...]
Shares of a steel company notched 5.20 percent gains on Thursday’s early trades to reach an intraday high of ₹ 211.30 apiece on the Bombay Stock Exchange (BSE). This happened after SBI General Insurance bought the company’s shares. JTL Infra is an integrated manufacturer and supplier of steel tubes, pipes and allied products with manufacturing [...]
Shares of this small-cap PSU stock surged more than 10 percent on Thursday after the company received a work order from the Steel Authority of India. Year-to-date, the stock has gained more than 50 percent. The company’s stock is trading near its 52-week high price With a market capitalization of Rs 11,176.20 crores, the stocks [...]
Commerce and Industry Minister Piyush Goyal said on Wednesday that US-based electric vehicle maker Tesla is looking to source components worth around USD 1.9 billion from India this year against USD 1 billion last year. The minister said that going forward, demand for electric vehicles will increase and it will help in pushing the growth [...]
Early on Thursday, amid a generally robust trend in Asian markets and buying in IT and financial sectors, the equity benchmark indices Sensex and Nifty reached their record highs as part of their continuous rise. Rallying for the 10th day running, the 30-share BSE Sensex jumped 304.06 points to 67,771.05 -- its all-time peak -- [...]
This chemical stock jumped 8% in the first half of Thursday after the company announced the outcome for its QIP issue dated 29 Aug 2023. The funds committee has approved multiple decisions on 13 Sep 2023. Share price of Vikas Ecotech opened at Rs. 4.13 per share and gained almost 8% to reach its intra- [...]
One of India’s leading Agri-based companies with minimal debt and multibagger returns gets a ‘Buy’ tag with a potential upside of 40 percent: Kilpest India Limited With a market capitalization of Rs 636.24 crores, the stocks of Kilpest India Limited are currently trading at Rs 847.40, gaining around 4.30 percent as compared to the previous [...]
Smart meters are next-generation digital electricity meters that measure energy consumption and transmit to the utility provider on a real-time basis. The Indian government has launched a number of initiatives to increase the country's adoption of smart meters. It has already initiated programs such as the Smart Metre National Programme, which intends to replace 25 [...]
Shares of this large-cap gas distribution stock get a ‘Buy’ call with a potential upside of 24 percent. Year-to-date, the company’s stock has gained nearly 30 percent moving from Rs 96.60 in January 2023 to the current price levels. With a market capitalization of Rs 81,695.61 crores, the stocks of GAIL (India) Limited closed at [...]
Shares of a small-cap IT company rallied 20 percent on Tuesday to hit an intraday high of ₹ 140.75 apiece on the National Stock Exchange (NSE). Its shares were locked in a 20 percent upper circuit. In the past five days, the company’s share price has risen by nearly 70 percent from ₹ 83.00 to [...]
