This S&P BSE 500 rose 6.3% on Thursday within the first hour of market open after the Competition Commission of India approved its acquisition. The stock has been on an uptrend since June 2022 with its 200 day moving average as support, currently 7% above its 20 day moving average and 9% above its 200 [...]
On day two of bidding on Thursday, The initial public offering (IPO) of multi-speciality hospital chain Jupiter Life Line Hospitals Limited was subscribed 3.30 times. According to NSE data, The IPO received bids for 2,80,31,300 shares against 84,97,169 shares on offer. 6.63 times was subscribed in the portion for non-institutional investors, the quota for Retail [...]
The domestic supply of the sweetener is not anticipated to be "adverse" in the 2023–24 season, according to the sugar cooperative NFCSF, which on Thursday dispelled rumours of a potential scarcity in the nation as a result of El Nino. Sugar season runs from October to September. The crushing process for 2023–24 has not yet [...]
On Thursday Speciality chemicals manufacturer Anupam Rasayan India said it has appointed Gopal Agrawal as the Chief Executive Officer (CEO) effective from September 11. Agrawal, a chartered accountant, previously held the positions of managing director and head of Edelweiss' investment banking division. "With his extensive experience and a proven track record in the financial and [...]
The share price of a construction company appreciated to the tune of 4 percent on Wednesday’s trades to reach an intraday high of ₹ 4,187.90 apiece on the National Stock Exchange (NSE). This happened after the company bagged orders worth ₹ 625.21 crores. Its shares settled at ₹ 4,110.10 apiece. Power Mech Projects is an [...]
This energy stock jumped 4.5% after it won a contract from Ayana Renewable Power for their upcoming power plant in Bikaner, Rajasthan. Ayana is one of the leading independent power producers in the country. Share price of Hitachi Energy closed at Rs. 4485 levels and gained 4.5% in the market today to reach its intra- [...]
This S&P BSE Smallcap stock hit its 5% upper circuit on Thursday within the first hour of market open after it reported phenomenal growth in monthly sales volume and production volumes for the month of August 2023. The stock has been on an uptrend since April 2023 and currently locked in 6% above its 20 [...]
The shares of a global leader in LED display production locked around 2 percent upper circuit on Thursday’s early trade after the company board approved to raise funds through Qualified Institutions Placement. At 11:15 p.m., MIC Electronics Ltd shares touched around 2 percent upper circuit of Rs 31 apiece on the National Stock Exchange, and [...]
As part of a financial restructuring initiative, the state-owned Oil and Natural Gas Corporation (ONGC) will invest around Rs 15,000 crore in OPaL, pushing the gas utility GAIL out of the petrochemical company. ONGC currently holds a 49.36 per cent stake in ONGC Petro-additions Ltd (OPaL), which operates a mega petrochemical plant at Dahej in [...]
On Thursday equity benchmark Sensex jumped over 385 points to reclaim the 66,000 mark, propelled by strong buying in index majors HDFC Bank, L&T and SBI amid a weak trend in global equities. Trader said a decline in crude oil prices in the international market also supported the domestic equities. The BSE Sensex gained for [...]
