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 […]
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
M&M Shares Rise as September Sales Surge 24%, Driven by SUVs Read More »
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
Zen Technologies Secures Rs 46 Crore Defence Maintenance Contract Read More »
Vipul Organics, a specialty chemicals company, announced a rights issue on September 30, offering one share for every three shares held as of the record date, at an issue price of Rs 54 per share. The company aims to raise up to Rs 25 crore through this offering, with funds earmarked for the development of
Vipul Organics Announces 1:3 Rights Issue at Rs 54 Per Share Read More »
Piramal Pharma announced on September 30 that it will invest $80 million to expand its sterile injectables facility in Lexington, Kentucky. The investment, financed through a mix of bank loans and internal funds, aims to boost the facility’s capacity to meet growing demand. Nandini Piramal, Chairperson of Piramal Pharma, highlighted the strategic significance of this
Shares of Max Estates Limited surged over 3 percent to Rs 627 in early trade on September 30 after the company reported strong pre-sales of Rs 4,100 crore for its Gurugram-based Estate 360 project, exceeding its FY25 target of Rs 4,000 crore. Max Estates also collected Rs 400 crore from the project and raised its
Max Estates Shares Climb 3% on Rs 4,100-Crore Pre-Sales for Estate 360 Project Read More »
Shares of Welspun Enterprises climbed 3 percent in early trade on September 30 after the company secured a contract worth Rs 1,989.9 crore from the Brihanmumbai Municipal Corporation (BMC). At 09:20 am, the stock was trading at Rs 574.40 on the BSE, up by Rs 17.75. The contract involves designing and constructing an 8.48 km
Welspun Enterprises Rises 3% on Securing Rs 1,990 Crore Contract from BMC Read More »
Syngene International is optimistic about a recovery in the second half of FY25, as it aims to balance its research-to-manufacturing ratio from 60:40 to 50:50, focusing on stronger growth in manufacturing. The company also plans to triple its bio-manufacturing capacity by FY26. Shares of Syngene closed almost 1% higher at Rs 888, up 25% in
Syngene Plans to Triple Bio-Manufacturing Capacity by FY26, Eyes Recovery in H2FY25 Read More »
Kaynes Technology has acquired 100% ownership of smart meter company Iskraemeco India, previously held by Iskraemeco Switzerland A.G. and Iskraemeco Merjenje, for Rs 43 crore. This acquisition strengthens Kaynes Tech’s portfolio in energy management solutions, expanding its product and service offerings. Iskraemeco India is engaged in supplying, installing, operating and maintaining smart meters. The company
Kumar Arch Tech, a leading PVC blend-based building materials manufacturer, has filed draft papers with SEBI to raise Rs 740 crore through an initial public offering (IPO). The IPO will consist of a fresh issue of shares worth Rs 240 crore and an offer-for-sale of shares worth Rs 500 crore by promoters, as per the
Kumar Arch Tech Plans Rs 740 Crore IPO, Files Draft Papers with SEBI Read More »
