Torrent Power has launched a Qualified Institutional Placement (QIP) on December 4, aiming to raise ₹3,500 crore by selling 4.6% of its equity stake. The issue price has been set at ₹1,503 per share, offering a 5.3% discount to its last closing price and a 3.4% discount to the floor price. The floor price for […]
Torrent Power Plans to Raise ₹3,500 Crore Through QIP; Stock in Focus Read More »
KPI Green Energy shares are expected to be in the spotlight on December 3, 2024, following the announcement of its largest-ever order, valued at ₹1,311 crore, from Coal India. This project marks a significant milestone for the company in the renewable energy sector. The order involves the setup of a 300 MWAC (405 MWDC) ground-mounted
KPI Green Shares Rally on Rs 1,311 Crore Order from Coal India Read More »
Emerald Tyre Manufacturers, a Tamil Nadu-based SME, is gearing up to launch its ₹49-crore initial public offering (IPO) on December 5, 2024. The IPO, which will close on December 9, is the second from the SME segment hitting Dalal Street this month. The price band for the offer has been set at ₹90-95 per share.
Emerald Tyre SME IPO to Open on December 5; Price Band Set at ₹90-95 Per Share Read More »
Shares of Biocon jumped over 4% in intraday trade on December 2 after the US FDA approved Biocon Biologics’ Yesintek, a biosimilar to Johnson & Johnson’s Stelara. At 12:10 PM, shares of Biocon were trading 3% higher at ₹375. For the stock, it was the seventh straight session of gains. The stock has gained 47%
Biocon Shares Rise 4% as US FDA Approves Biosimilar Yesintek Read More »
Ola Electric started December 2 on a strong note after the company’s CEO, Bhavish Aggarwal, announced an aggressive store expansion. Its store count is likely to increase from 800 to 4,000 by December 20, 2024, in what Aggarwal termed “the biggest single-day store opening ever.” Aggarwal announced this on platform X, while adding all new
Ola Electric Shares Surge 6% as CEO Announces Expansion to 4,000 Stores on December 20 Read More »
Wipro Limited, one of India’s leading IT service providers, will be in the spotlight this week as it nears the record date for issuing 1:1 bonus shares. The stock closed Friday’s trading session 1% higher at ₹577.95, giving the company a market valuation of ₹3,02,389 crore. December 3, 2024, is the record date for determining
Wipro Shareholders Await 1:1 Bonus Shares as December 3 Record Date Approaches Read More »
KEC International shares are expected to remain in focus on December 2, 2024, after the company announced securing orders worth Rs 1,040 crore in the transmission and distribution (T&D) sector from international markets. These orders include the supply of towers, hardware, and poles in the Americas and 220 kV transmission lines in the CIS region.
KEC International Shares in Focus After Securing Rs 1,040 Crore International Orders Read More »
Cochin Shipyard shares are expected to remain in focus on December 2, 2024, following the company’s announcement of a Rs 1,000 crore contract with the Ministry of Defence. The contract is for a short refit and dry docking of a large Indian Naval Vessel, with the project expected to take about five months. Recently, Cochin
Cochin Shipyard in Spotlight After Signing Rs 1,000 Crore Defence Contract Read More »
A total of 1.39 crore shares of Cipla Ltd, representing 1.72 percent of the company’s equity, were sold through block deals on November 29. According to earlier reports by CNBC TV18, the company’s promoters are believed to be the sellers in this transaction. The estimated value of the block trades was pegged at Rs 2,000
Cipla Stake Sale: 1.72% Equity Changes Hands in Block Deals on November 29 Read More »
The National Stock Exchange (NSE) has announced a revision in the expiry day for certain index derivatives contracts, effective January 1, 2025. This change will modify the expiry schedule for some key indices, impacting participants in the derivatives market. The expiry schedule for NIFTY contracts, including monthly, weekly, quarterly, and half-yearly contracts, will remain unchanged.
NSE Revises Expiry Day for Index Derivatives Contracts from January 1, 2025 Read More »
