Indian Market - Lakshmishree News

Allcargo Gati announces 10% General Price Increase from January 1, 2025; shares rise 3%

Logistics firm Allcargo Gati Ltd (formerly Gati Ltd) on September 26 announced a 10.2% average General Price Increase (GPI) effective from January 1, 2025, for its Express Distribution services. “This is the first price revision since Allcargo Logistics Limited’s strategic acquisition of Gati in 2019, driven by the necessity to align pricing with ongoing operational […]

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Krsnaa Diagnostics Rises 4% on Plans to Acquire 23.53% Stake in Apulki Healthcare

Lisl News Desk / Indian Market

Shares of Krsnaa Diagnostics surged 4 percent on September 26, following the company’s announcement to acquire a 23.53 percent stake in Apulki Healthcare, a start-up focused on oncology and cardiology services. This acquisition will grant Krsnaa exclusive rights to provide diagnostic services in partnership with Apulki Healthcare. Apulki Healthcare, founded in 2022, operates under a

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EaseMyTrip Shares Drop 6% as Promoter Offloads 2.6% Stake in Rs 176.5 Crore Block Deal

Lisl News Desk / Indian Market

Shares of EaseMyTrip (Easy Trip Planners Ltd) fell over 6 percent on September 25 after a block deal worth Rs 176.5 crore was executed on the exchanges. Around 4.6 crore shares, representing a 2.6 percent stake, were traded at a floor price of Rs 38 per share, slightly below the previous closing price. Following the

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Delta Corp Soars 8% After Announcing Demerger of Hospitality and Real Estate Units

Lisl News Desk / Indian Market

Shares of Delta Corp surged over 8 percent on September 25 after the company announced a major restructuring plan. The board of the gaming and hospitality firm has approved the demerger of its Hospitality and Real Estate businesses into a newly established entity, Delta Penland Private Limited (DPPL). Delta Corp currently operates in multiple segments,

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Bombay High Court Rejects Hindustan Unilever’s Appeal Against Rs 962.75 Crore Tax Demand

Lisl News Desk / Indian Market

The Bombay High Court has dismissed Hindustan Unilever Ltd’s (HUL) appeal against an August 2024 Assessment Order that imposed a tax demand of Rs 962.75 crore. The company announced the development on September 24. The tax demand was raised against HUL for non-deduction of Tax Deducted at Source (TDS) while making remittance payments related to

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Swiggy’s IPO Receives SEBI Approval, Public Launch Anticipated by November

Lisl News Desk / Indian Market

Food and grocery delivery giant Swiggy has cleared a major regulatory hurdle by securing approval from the Securities and Exchange Board of India (SEBI) after confidentially filing its draft IPO documents. This brings Swiggy a step closer to its much-anticipated public offering, sources familiar with the matter have confirmed. “Following the approval via the confidential

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JTL Industries Shares Surge 6% as Board Meeting Set to Discuss Share Split, Bonus Issue

Lisl News Desk / Indian Market

Shares of JTL Industries Ltd climbed by 6% on September 24 after the company announced that its board of directors will meet on October 3 to consider a share split and the issue of bonus shares. Following the news, the stock traded 6.4% higher before settling at ₹232.39 on the NSE, marking a 5.55% increase.

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OYO Projects EBITDA to Surpass ₹2,000 Crore by FY26 with Motel 6 Acquisition

Lisl News Desk / Indian Market

OYO, the travel tech platform preparing for its IPO, estimates that its EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) will exceed ₹2,000 crore by FY26, boosted by its recent acquisition of the American budget hotel chain, Motel 6. According to internal documents, Motel 6 is expected to contribute over ₹630 crore to OYO’s EBITDA

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Nifty Nears 26,000 Milestone for the First Time

Lisl News Desk / Indian Market

The benchmark Nifty index is poised to hit 26,000 for the first time on Tuesday, September 24. As the milestone approaches, market participants are gearing up for a celebration, marking this significant achievement with symbolic gestures like confetti, cake, and possibly even champagne. Market Sentiment: The prevailing market sentiment is bullish, with strong liquidity acting

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SEBI Report Reveals 93% of Individual F&O Traders Faced Losses Between FY22 and FY24

Lisl News Desk / Indian Market

A recent study by the Securities and Exchange Board of India (SEBI) has found that 93 percent of individual traders in the equity futures and options (F&O) segment incurred significant losses between FY22 and FY24. Over this three-year period, the total losses amounted to more than ₹1.8 lakh crore, with the average individual trader losing

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