Indian companies have set a new record in 2024, raising over Rs 1.22 lakh crore through initial public offerings (IPOs), surpassing the previous high of Rs 1.18 lakh crore set in 2021. Despite the milestone, enthusiasm in the primary market shows signs of cooling as several recent IPOs struggled to deliver expected gains. Around 70% […]
Gold futures in India soared to a new record high of Rs 79,535 per 10 grams on Wednesday, climbing by Rs 300 or 0.38% as the festive season drives demand. Silver, meanwhile, opened at Rs 98,431 per kilogram, slightly down by 0.3% or Rs 300. The Multi Commodity Exchange (MCX) had previously recorded a high
Shares of Shriram Properties surged by 7% on October 30 after the company signed a joint development agreement (JDA) to create a mixed-use project in Pune, projecting potential revenue of around Rs 750 crore. By 09:56 am, the stock was trading at Rs 108.99 on the NSE, rebounding after a recent decline of nearly 15%
Shriram Properties Rises 7% on Rs 750 Crore Revenue Potential from New Pune Project Read More »
Shares of RITES rose over 3% on October 30 after the infrastructure consultancy signed an MoU with SAIL-Bokaro Steel Plant to oversee railway connectivity projects within the Jharkhand-based steel plant. The partnership includes comprehensive project management consultancy for both new and existing railway tracks. RITES will handle surveying, engineering, project supervision, and quality control. Further,
Servotech Power Systems reported impressive Q2 earnings, with consolidated net profit surging over three-fold to Rs 11.24 crore for the September quarter, up from Rs 3.12 crore in the same period last year. This growth was primarily fueled by a significant rise in income, which more than doubled to Rs 200.06 crore from Rs 86.59
Servotech Power Systems’ Q2 Net Profit Jumps Three-Fold, Unveils New Solar Products Read More »
Shares of Ramco Industries surged over 6 percent to Rs 247 on October 29 after a significant transaction where 14.1 million shares, representing 16.2 percent of the company’s equity, exchanged hands in two large block deals, Bloomberg data reported. The trades come as part of a strategic disinvestment plan by Ramco Cements, a promoter of
Ramco Industries Rises 6% Following Major Stake Realignment in Block Deals Read More »
NTPC Green Energy and Avanse Financial Services have received approval from SEBI for their upcoming IPOs, while VMS TMT has decided to withdraw its IPO plans. SEBI issued observation letters for NTPC Green on October 22 and Avanse Financial Services on October 23, allowing them to launch their IPOs within the next year. NTPC Green
Premium Plast shares began trading on the NSE SME on October 28, listing at Rs 51.45, a modest 5% premium over the IPO price of Rs 49 per share. The subdued debut fell short of grey market expectations, which had indicated an 18% premium based on a grey market premium (GMP) of Rs 9. Admittedly,
Premium Plast Makes Subdued Debut, Lists at 5% Premium on NSE SME Read More »
Waaree Energies, a prominent solar PV modules manufacturer, is making its stock market debut today, October 28, after receiving a record response for its initial public offering (IPO). The shares will begin trading on the BSE and NSE, with the company raising ₹4,321.44 crore through a combination of fresh issues and an offer for sale.
Waaree Energies IPO Debuts Today with Anticipation of 100% Listing Gains Read More »
The broader markets saw significant losses in the week ending October 25, as over 300 small-cap stocks fell by 10-32%. The underperformance stemmed from weak Q2 earnings, sector-wide selling, foreign institutional investor (FII) outflows, and mixed global market signals ahead of the US presidential election. Key indices, BSE Sensex and Nifty50, dropped by 2.24% and
Over 300 Small-Caps Drop 10-32% as Broader Markets Underperform Read More »
