The Ministry of Defence has signed two contracts worth ₹ 3800 crores with Navratna PSU Bharat Electronics Ltd (BEL) for the supply of Medium Power Radar and Digital Radar Warning Receiver (RWR) for the Indian Air Force. Shares of BEL were trading at ₹ 92.85 apiece at 12:08 PM on Friday. The medium power radar [...]
In a filing with the exchange yesterday, Adani Power Ltd (APL) mentioned that it has sold a 100% stake in Support Properties Pvt. to AdaniConnex Pvt. at an enterprise value of Rs 1,556.5 crores. The filing further mentioned that the parties have executed a Share Purchase Agreement and concluded the transaction. Earlier in November 2022, [...]
Campus Activewear Ltd stock dipped around 7 percent today after a stake sale comes to light. According to media reports, American Asset Management firm TPG Global plans to sell its entire 7.62 percent stake (2,32,07,692 shares) in Campus Activewear Ld via a block deal. The floor price is estimated to be Rs 345 per share [...]
Backed by the late ace-investor Rakesh Jhunjhunwala, Nazara Technologies Ltd. communicated in a filing with stock exchanges that it has purchased Pro Football Network, an online platform that follows and studies the National Football League of the USA for a consideration of $ 1.82 million or Rs 16 crore. As per the recent shareholding data [...]
Power Grid Corporation of India Ltd. (PGCIL) is a ‘Maharatna’ status public sector company (PSU) under the Ministry of Power, Government of India. The government holds a 51.34% stake in this CPSU which is engaged in the business of power transmission. It is the largest electric power transmission utility in India with a transmission network [...]
Polar Capital Funds Plc, on Wednesday, offloaded shares of hospital chain ‘Krishna Institute of Medical Sciences Ltd’ (KIMS) worth about Rs 144 crores through an open market transaction. According to the filing with the NSE, Polar Capital Funds Plc sold 11,05,934 shares which is equivalent to around 1.38 percent stake in the company. The shares [...]
The shares of Tata Motors were in focus this week after the company said that it will be implementing a price increase of up to 5% on its commercial vehicles starting from April 1, 2023. This is the second time that the company is making such a price hike in four months. The auto manufacturer [...]
Universal Cables Limited (UCL) stock opened its trading hour today at Rs 354.70 and is currently trading at a price of Rs 373.90. The stock touched an intra-day high at Rs 388 which also marks to be its 52-week high figure. In a span of six months, the stock has been able to deliver returns [...]
According to a recent filing with the exchange, the Indian government announced its plan to sell up to a 3.5% stake in aerospace and defense company Hindustan Aeronautics Ltd at a floor price of Rs 2,450. The filing further mentioned that the government has proposed to sell 1.75% of its equity shares on March 23rd [...]
G R Infraprojects Ltd stock opened its trading session today at a price of Rs 979.80 and is currently trading at Rs 1,043. The stock has shown an intra-day movement of up to 9 percent today. Current price levels show an upside of around 8 percent as compared to the previous closing price of Rs [...]
