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 [...]
BLS International Services is planning to invest Rs 2,000 crore over the next three years in the domestic and international markets, its Joint MD Shikhar Aggarwal has said. BLS International Services provides numerous tech-enabled services to governments and individuals in various geographies. "We have plans to invest over Rs 2,000 crore in domestic and global [...]
A Kotak Mahindra Bank arm on Tuesday announced a Rs 450 crore investment in automobile components company Viney Corporation and its promoter Brijesh Aggarwal. As part of the deal, Kotak Strategic Situations India Fund II, which is managed by Kotak Investment Advisors, has helped Aggarwal acquire a majority stake in the company, clean up the [...]
Leading bourses BSE and National Stock Exchange (NSE) and money markets will remain closed on Thursday on account of Eid al-Adha also known as Bakrid. Earlier, the holiday was scheduled for June 28. The markets are now open on Wednesday. The change came after the Maharashtra government declared June 29 a public holiday as the [...]
The shares of Alphalogic Techsys Ltd gained 13.6 percent of Rs 50 apiece in two trading sessions. The company has a market capitalization of Rs 175 crores. Such a response in the stock price was noticed after the company announced IPO dates for its subsidiary. According to the exchange filing, Company announced the initial public [...]
The Benchmark Indices are on the rise touching their all-time high levels last week. Listed below are 4 stocks that have a Relative Strength Index (RSI) of less than 30 thereby trading in the oversold region: Easy Trip Planners Limited The company’s shares closed their trading session today at Rs 41.95, gaining about 1 percent [...]
Shares of BCL Industries Ltd were in the green on Tuesday’s trades and were trading near their 52-week high after the company announced a stock split. At 01:13 PM, its shares were trading at ₹ 520.85 apiece, up 2.43%. In an exchange filing, the company announced that its board has approved the splitting of its [...]
Benchmark equity indices ended higher on Tuesday helped by buying in banking and financial counters, mainly HDFC twins, amid a mixed trend in the global markets. The 30-share BSE Sensex jumped 446.03 points or 0.71 per cent to settle at 63,416.03 points. During the day, it advanced 497.54 points or 0.79 per cent to 63,467.54 [...]
NLC India is a forerunner in the Indian energy sector for six decades contributing a lion's share in lignite production and a significant share in thermal power generation. The company owns India's largest lignite coalfield and has recently expanded into the renewable energy industry. According to reports, NLC India Ltd intends to invest Rs 75,000 [...]
With a market capitalization of Rs 21,781 crores, the shares of CreditAccess Grameen Limited are currently trading at Rs 1,370.30. The stock’s intra-day high was recorded at Rs 1,378.35 indicating a gain of around 4 percent compared to the previous closing price of Rs 1,327.10. The company, through a regulatory filing with the Bombay Stock [...]
Electronic manufacturing services firm Cyient DLM Ltd announced that it has mobilised Rs 260 crore from anchor investors. The company has allocated 97.98 lakh equity shares to 20 funds at an average price of Rs 265, according to a BSE circular. Amansa Holdings, Societe Generale, BNP Paribas, Catamaran Ekam are among the anchor investors. In [...]
The merger of housing finance major HDFC with the country's largest private lender HDFC Bank will be effective from July 1, HDFC Chairman Deepak Parekh said on Tuesday. The boards of HDFC and the private bank will meet on June 30 post to clear and approve the merger, Parekh told reporters here. The merger of [...]
India is a significant market for the automotive sector and the Indian government is encouraging automobile firms to manufacture electric vehicles for sustainable growth. However, just 1 percent of all automobiles produced in India each year are Electric Vehicles. The government intends to improve this to 30 percent by 2030. The EV market is expected [...]
The stocks of Aavas Financiers Limited started their trading session today at Rs 1,477 and currently trade for Rs 1,511. The scrip witnessed an intra-day high price of Rs 1,537 indicating a gain of almost 5 percent compared to the previous closing levels of Rs 1,463.20. According to the data available on the National Stock [...]
Shares of Aditya Birla Capital rose 5 percent on Tuesday’s first half session, hitting an all-time high of Rs 190.30 apiece on the NSE, amid fund-raising plans. As per the exchange filing, The company planned to raise up to Rs 1,750 crore in equity shares through qualified institutions placement (QIP) at a 2.9 percent discount [...]
Shares of Ddev Plastiks Industries Ltd were trading 5% higher as its shareholders have approved the issue of bonus shares. They reached a record high of ₹ 231.00 apiece by 12:49 PM on Tuesday. In an exchange filing, the company informed that it has its shareholders vide postal ballot, have approved the allotment of bonus [...]
The shares of Axiscades Technologies Limited opened their trading hour today at Rs 475.75 and, since then, the scrip is locked in the 5 percent upper circuit. The locked price is recorded as the company’s fresh 52-week high mark. The stock has been hitting fresh high levels since the last three trading sessions. Observing the [...]
Jindal Saw Limited shares rose 6 percent to Rs 260 a share in the first half session on Tuesday, a day after promoter Shradha Jatia purchased a stake in the business. According to the NSE filing, Company promoter Shradha Jatia purchased 8,350 shares for Rs 19,96,047 in the previous week. On June 26, the promoter [...]
Amara Raja Infra Pvt Ltd (ARIPL), part of the USD 1.75 billion Amara Raja Group, has accomplished a significant achievement by securing a new solar project worth USD 130 million in Bangladesh. A press release from Amara Raja said the venture serves as ARIPL’s entry into the international solar market, marking a new milestone for [...]
