The shares of Ambuja Cements Limited zoomed 10 per cent on Monday’s early trades to hit a record high of ₹ 572.00 apiece on the bourses. The stock surpassed its previous 52-week high of ₹ 550.15 apiece that it had touched on Friday, following the Adani Group’s plans to infuse ₹ 20,000 crores in the [...]
Small-cap battery manufacturer, Indo National Limited’s shares zoomed 18.24% on Monday’s early trades and got locked at an upper circuit at ₹ 403.90 apiece. The company manufactures batteries under the well-known brand Nippo. In an exchange filing, the company informed the bourses that its subsidiary Kineco had bagged a ₹ 113 crore order for the [...]
Inox Green Energy Services, a subsidiary of Inox Wind, is planning to come out with its Initial Public Offering (IPO) by October this year to raise Rs 740 crore to fund its expansion plans. The company will focus on the Indian market initially and plans to tap the overseas market after establishing itself in this [...]
The government on Friday cut the windfall profit tax on locally-produced crude oil in line with a fall in international rates, and reduced the levy on export of diesel and jet fuel (ATF) with effect from September 17. At the fifth fortnightly review, the government reduced tax on domestically-produced crude oil to Rs 10,500 per [...]
The shares of Sampre Nutritions Limited opened at Rs 109 and rose to Rs 112 to be locked in an upper circuit of 5 per cent on the last trading day of the week. In the past five days, the stock has risen by approximately 17 per cent. The shares rallied on Friday after Mauritius-based [...]
Indian tire companies saw no friction this week as tire stocks zoomed to their 52-week high on Friday. The buzz around tire stocks is around the recent relief from a reduction in raw material costs. Across the industry, the cost of raw materials for tire makers has come down, most of them being critical components [...]
The Enforcement Directorate on Friday said it has frozen Rs 46.67 crore worth funds kept in payment gateways Easebuzz, Razorpay, Cashfree and Paytm after it carried out raids this week against Chinese-controlled loan apps and investment tokens. The funds have been frozen under the anti-money laundering law. The searches were launched on September 14 at [...]
The shares of TRF Ltd. were locked in an upper circuit for the third session in a row. The company’s shares opened 10 per cent higher on Thursday and in the past five days, the share price of the company has surged 59.30 per cent from ₹168.30 apiece to the current level. The company’s shares [...]
Domestic benchmark indices slipped after opening higher on Thursday. Asian markets were steady but fragile and investors are worried about the interest rate hikes by the US Fed. At 11:32 AM, the NSE Nifty 50 was trading at 17911.65 points, up 28.60 points or 0.16%, while the BSE Sensex was at 60069 points, down 0.46% [...]
Shares of Tamilnad Mercantile Bank on Thursday made a muted market debut and fell by nearly 3 per cent at the NSE against its issue price of Rs 510. At the NSE, the stock made its debut at Rs 495, lower by 2.94 per cent from the issue price. The company's shares listed at par [...]
