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News Desk

Ashoka Buildcon Rises Over 2% on Securing EPC Contracts Worth Rs 1,738 Crore

Ashoka Buildcon Rises Over 2% on Securing EPC Contracts Worth Rs 1,738 Crore

/ Indian Market

Shares of Ashoka Buildcon climbed over 2 percent on October 3 after the company received a letter of award for a project valued at Rs 474.10 crore from the Mumbai Metropolitan Region Development Authority (MMRDA). The project involves designing and constructing an elevated road from Kalyan to Pune Link Road, including railway line crossings and […]

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IPO Boom Continues in 2024 with Over Rs 12,000 Crore Raised in September

IPO Boom Continues in 2024 with Over Rs 12,000 Crore Raised in September

/ Indian Market

India’s IPO market is witnessing a remarkable surge this year, with September marking the highest activity yet. The month saw 12 mainboard IPOs, collectively raising over Rs 11,000 crore, and 39 small and medium enterprises (SMEs) adding another Rs 1,542 crore. This makes it the most active month for SME IPOs in the last decade.

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Maruti Suzuki's September Sales See Modest 2% Growth, Reach 1,84,727 Units

Maruti Suzuki’s September Sales See Modest 2% Growth, Reach 1,84,727 Units

/ Indian Market

Maruti Suzuki India reported a 2% year-on-year increase in total sales for September, reaching 1,84,727 units, as per a company statement. This compares to 1,81,343 units sold in the same month last year. While domestic passenger vehicle sales dropped by 4%, amounting to 1,44,962 units, the mini-segment cars like Alto and S-Presso witnessed a slight

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Garuda Construction and Engineering to Launch IPO on Dalal Street from October 8

Garuda Construction and Engineering to Launch IPO on Dalal Street from October 8

/ IPO News

Garuda Construction and Engineering, a subsidiary of PKH Ventures, will open its IPO for subscription on October 8, 2024. The company is yet to announce the price band, which will be revealed later this week. The IPO comprises 2.78 crore equity shares, including a fresh issue of 1.83 crore shares and an offer-for-sale of 95

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Rahee Infratech Submits DRHP for Rs 420 Crore IPO to SEBI

Rahee Infratech Submits DRHP for Rs 420 Crore IPO to SEBI

/ Indian Market

Kolkata-based Rahee Infratech Limited, a leading railway civil engineering and construction firm, has filed its draft red herring prospectus (DRHP) with SEBI for a Rs 420 crore IPO. The offering will also involve promoter divestment of up to 2.7 million equity shares. The company may pursue an additional Rs 84 crore via a pre-IPO placement.

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NCC Shares Rise Over 2% After Securing Rs 2,327 Crore in Orders for September

NCC Shares Rise Over 2% After Securing Rs 2,327 Crore in Orders for September

/ Indian Market

Shares of NCC Ltd gained more than 2 percent on October 1 after the company announced it had secured orders worth Rs 2,327 crore in September 2024. In a regulatory filing, NCC stated that the orders span multiple sectors, with Rs 1,417 crore for its transportation division, Rs 520 crore for electrical projects, and Rs

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Century Textiles Unit's Bengaluru Project Hits Rs 600 Crore in Bookings Within 24 Hours

Century Textiles Unit’s Bengaluru Project Hits Rs 600 Crore in Bookings Within 24 Hours

/ Indian Market

Birla Estates, a subsidiary of Century Textiles & Industries Limited, achieved Rs 600 crore in bookings for Phase II of its Birla Trimaya project in Bengaluru within 24 hours of launch. This follows the strong performance of Phase I, which garnered Rs 500 crore in bookings within 36 hours. Shares of Century Textiles traded at

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Andhra Cements Hits 10% Upper Circuit as Firm Files Draft to Raise Rs 180 Crore via Rights Issue

Andhra Cements Hits 10% Upper Circuit as Firm Files Draft to Raise Rs 180 Crore via Rights Issue

/ Indian Market

Shares of Andhra Cements surged to a 10 percent upper circuit on October 1 after the company filed draft papers with SEBI to raise up to Rs 180 crore through a rights issue. The draft document has also been submitted to the BSE and NSE for approval. The Rights Issue Committee approved the proposal on

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M&M Shares Rise as September Sales Surge 24%, Driven by SUVs

M&M Shares Rise as September Sales Surge 24%, Driven by SUVs

/ Indian Market

Shares of Mahindra & Mahindra (M&M) jumped nearly 2 percent to Rs 3,140 in early trade on October 1 after the company reported a 24 percent increase in vehicle sales for September, fueled by strong demand for sports utility vehicles (SUVs). M&M’s total auto sales, including exports, reached 87,839 units in September, a 24 percent

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Zen Technologies Secures Rs 46 Crore Defence Maintenance Contract

Zen Technologies Secures Rs 46 Crore Defence Maintenance Contract

/ Indian Market

Zen Technologies Ltd has secured a five-year Annual Maintenance Contract (AMC) worth Rs 46 crore, including GST, from the Ministry of Defence, the company announced on October 1. This contract ensures the ongoing maintenance of simulators developed by Zen Technologies, reinforcing its relationship with the Ministry. In a regulatory filing, the company stated, “This AMC

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