Shares of Cochin Shipyard fell over 4% on October 16, as the government launched an offer-for-sale (OFS) to offload a 5% stake in the public sector company. The OFS is priced at a floor of Rs 1,540 per share, reflecting a 7% discount from the last closing price. The offer includes a base 2.5% stake, […]
Cochin Shipyard Drops 4% as Government’s 5% Stake Sale via OFS Begins at Discount Read More »
BEML, a prominent player under the Ministry of Defence, has secured a Rs 866.87-crore contract from Integral Coach Factory (ICF), Chennai, to build India’s first indigenous bullet train sets. The contract includes the design, manufacturing, and commissioning of two high-speed train sets, each consisting of eight cars, with a top speed of 280 kmph. The
BEML Secures Rs 866.87 Crore Contract for India’s First Indigenous Bullet Train Sets Read More »
Waaree Energies Ltd has announced a price band of Rs 1,427-1,503 per share for its upcoming initial public offering (IPO), representing a significant 45 percent discount from its current unlisted market price. The company’s unlisted shares have been trading between Rs 2,700-2,750, after soaring nearly 300 percent from around Rs 800 in August 2023 to
G R Infraprojects shares are likely to stay in the spotlight on October 16 after the company secured a Letter of Acceptance for a Rs 1,997.07 crore project from Maharashtra State Road Development Corporation Limited (MSRDC). The project entails constructing the access-controlled Pune Ring Road, specifically Package PRR W5, from the village Kalyan/Rathwade to the
G R Infraprojects Bags Rs 1,997 Crore Pune Ring Road Project Read More »
PNC Infratech shares are expected to remain in focus on October 16 after the company received Letters of Acceptance from the Maharashtra State Road Development Corporation (MSRDC) for two major Engineering, Procurement, and Construction (EPC) road projects, collectively worth Rs 4,630 crore. The first project awarded to the company involves constructing the access-controlled Pune Ring
PNC Infratech Secures Rs 4,630 Crore Road Projects from MSRDC Read More »
Quant Mutual Fund has emerged as the largest investor in Adani Enterprises Ltd’s recently concluded Rs 4,200-crore Qualified Institutions Placement (QIP), securing nearly 47% of the total issue size, according to the company’s stock exchange filing. Leading the investment was the Quant Small Cap Fund, which took a 17.41% share of the total Adani Enterprises
The Securities and Exchange Board of India (SEBI) has raised the position limits for trading members (TMs) in index futures and options (F&O) contracts to Rs 7,500 crore or 15% of the total open interest (OI) in the market, whichever is higher. This is a significant increase from the previous limit of Rs 500 crore.
SEBI Increases Index F&O Position Limits for Trading Members by 15x to Rs 7,500 Crore Read More »
Shares of Premier Polyfilm, a microcap company specializing in specialty films and sheets, surged 20% to hit the upper circuit for the second consecutive day on October 15, marking a record high. The stock has seen a scorching rally, climbing nearly 58% over the past five trading sessions, driven by strong quarterly earnings and business
Premier Polyfilm Soars 58% in Five Sessions, Hits Upper Circuit for Second Day Read More »
HDFC Life Insurance reported a net profit of Rs 433 crore for the second quarter of FY25, up 15% year-on-year, beating market expectations, largely due to strong premium collections and investment income. This marks an improvement over the Rs 377 crore profit recorded in the same quarter of the previous fiscal year. The insurer’s net
HDFC Life Q2FY25 Net Profit Increases 15% on-Year Read More »
Shares of Sunteck Realty jumped over 7% on October 15 following a robust Q2FY25 update, reporting Rs 520 crore in pre-sales, a 33% increase year-on-year driven by ongoing demand in the Mumbai Metropolitan Region (MMR). The company’s collections for the quarter also rose 25% YoY to Rs 270 crore. The developer has announced seven new
Sunteck Realty Surges 7% on Strong Q2 Update, Achieves Rs 520 Crore in Pre-Sales Read More »
