The stock of Diffusion Engineers is expected to list at a premium of 10-15% on October 4, despite the recent sharp decline in the benchmark indices. This is due to the strong subscription numbers for its IPO and its healthy financial performance. The IPO was subscribed 114.5 times, with strong […]
The stock split of JTL Industries will result in each shareholder owning twice the number of shares they currently hold. The face value of each share will be reduced from Rs. 2 to Re. 1. This will not affect the overall value of the company or the shareholder’s investment. Ratio: […]
Transformers and Rectifiers (India) Ltd. announced securing a major order worth Rs 565 crore from Power Grid Corporation of India, boosting its shares by 5 percent during trading on October 3. The order involves the manufacturing of transformers and reactors, with deliveries scheduled for FY26. Shares traded at Rs 683.35 […]
KRN Heat Exchanger and Refrigeration Ltd’s IPO attracted significant interest, achieving a subscription rate of 213.26 times by its closing date on September 27. Investors placed bids for 234 crore shares, far exceeding the 1.09 crore shares available. Additionally, the company raised Rs 100 crore from anchor investors before the […]
NTPC Limited saw a rise of over 1%, reaching Rs 448 in the morning of October 1, marking its third consecutive session of gains. This positive momentum follows its subsidiary NTPC Green Energy’s signing of a memorandum of understanding with the Rajasthan government for a massive 25-gigawatt renewable energy project. […]
The Indian stock market, represented by the Sensex and Nifty 50, is expected to start the day flat on Tuesday. Investors remain cautious due to mixed global cues, particularly following hawkish comments from the US Federal Reserve Chairman Jerome Powell. The Gift Nifty, a derivative index, is trading at a […]
Saregama India’s shares surged 10% on September 30.The stock has delivered a 20% surge in the last one week. Trading volume has been heavy, indicating strong investor interest. Rejection of Offer: Saregama India has rejected a Rs 600 crore offer from Dharma Productions for a 51% stake.Investors have viewed this […]
On September 30, both the Sensex and Nifty dropped over 1% as investors booked profits, deepening losses from the previous trading session. The Sensex plunged over 1,000 points, falling 971 points (1.1%) to 84,600. Sensex and Nifty fell over 1% on September 30. The Sensex lost over 1000 points. Profit […]
RailTel Corporation of India was trading at ₹474.25, which represents an increase of ₹12.95 or 2.81%. This price movement reflects positive market sentiment following the announcement of the company’s order win worth ₹155 crore, further driving up the stock.
Saj Hotels IPO is a fixed price issue aiming to raise ₹27.63 crore through a fresh issue of 42.5 lakh shares. The IPO opens for subscription on September 27, 2024, and will close on October 1, 2024. IPO Date: September 27, 2024 Closing Date: October 1, 2024 Issue Price: ₹65 […]