Cash-strapped Pakistan and the IMF are discussing a new short-term standby arrangement (SBA) worth about USD 2.5 billion to get the country through the political transition to the newly-elected government in the second quarter of the current fiscal year, according to a media report on Wednesday. Pakistan’s ninth review by the International Monetary Fund (IMF) [...]
Vedanta Group has hired YJ Chen as the Chief Executive Officer (CEO) of its display business, the company said on Wednesday. Before joining Vedanta, Chen was with Chinese display maker HKC Corp, where he was Executive Vice President. He will spearhead Vedanta's plans to establish India's first display fab. "He (Chen) brings with him extremely [...]
The chemical manufacturer Meghmani Finechem Ltd shares gained 1.7 percent to Rs 1,134 on Wednesday's session. The stock price increased after the company diversified its portfolio in the renewable energy sector. As per exchange filings, Company commissioned and started power flow in the Wind Solar Hybrid Power Plant of ~ 18.34 MW through Special Purpose Vehicle [...]
The shares of JBM Auto Limited zoomed nearly 8 percent today and the scrip currently trades at Rs 1,161. The stock recorded an intra-day high today at Rs 1,164.90 which also emerges as its new 52-week high mark. Keeping a purview of six months, the company’s stock has been successful in delivering multibagger returns of [...]
On Wednesday's first half session, Titagarh Rail Systems Ltd shares rose 4.6 percent to Rs 528.75 apiece and reached a 52-week high price. The stock price jumped after the firm received an order from Gujarat Metro project. According to the exchange filing, Gujarat Metro Rail Corporation (GMRC) Limited awarded the Company a contract of Rs [...]
Due to recessionary pressures and increased competition, companies with a lower market cap tend to face difficulty as far as their operations are concerned. Despite the same, there are 3 multibagger small-cap stocks under Rs 200 listed below that one should keep a watch on: Artemis Medicare Services Limited The company’s shares are currently trading [...]
Shares of Interglobe Aviation, the parent company of Indigo Airlines appreciated to the tune of 1.71% to reach a 52-week high of ₹ 2,577.50 apiece on the National Stock Exchange (NSE) after a global brokerage raised its target price. UBS maintained its ‘buy’ rating on the stock with a target price of ₹ 3,300. This [...]
Mufin Green Finance is a Non-Banking Financial Company (NBFC) registered with Reserve Bank of India and is carrying on the business of Investment into shares, stocks, securities, and providing loans of all kinds. The company recently announced a bonus issue of shares. At 10:18 AM on Wednesday, its shares were trading at ₹ 132.75 apiece [...]
The initial public offer of drone maker ideaforge Technology Limited was subscribed 13.27 times on the second day of share sale on Tuesday. The Rs 567.24 crore initial share sale received bids for 6,16,78,386 shares against 46,48,870 shares on offer, according to NSE data. The category for Retail Individual Investors (RIIs) received 36.36 times subscription, [...]
The shares of Jindal Steel & Power Limited closed today at Rs 581.95, gaining about 2.50 percent compared to the previous closing levels of Rs 567.70. It has a market capitalization of Rs 59,364 crores. The latest consolidated financials of the company portray an operating revenue of Rs 52,711 crores as compared to Rs 51,085 [...]
