Prestige Estates Projects’ new residential project, Launch: The project was launched in Bengaluru’s Whitefield area on September 26, 2024. Size: The project is spread across 9 acres. Estimated Sales: Prestige Estates expects to generate sales worth approximately ₹1,100 crore from this project. Stock Price Impact: The news of the project […]
Hero MotoCorp’s shares slipped by 2% after UBS reiterated its “sell” recommendation, primarily due to concerns about the company’s declining market share and increased competition. UBS has set a target price of ₹3,350, implying a significant downside of over 40% from the current price. Hero MotoCorp shares slip 2% as […]
On September 25, the Nifty index closed above 26,000 for the first time, driven by gains in energy, metal, and media stocks. The Nifty index crossing the 26,000 mark for the first time is a testament to the positive sentiment and investor confidence in the Indian economy. At the close […]
Zerodha, India’s largest stockbroking platform, has recorded a remarkable 62% growth in its profit for FY24, reaching ₹4,700 crore. The company also reported a 21% increase in revenue, taking the total to ₹8,320 crore during the fiscal year. This financial performance cements Zerodha’s position as a leader in the Indian […]
Zerodha, India’s largest stockbroking platform, has recorded a remarkable 62% growth in its profit for FY24, reaching ₹4,700 crore. The company also reported a 21% increase in revenue, taking the total to ₹8,320 crore during the fiscal year. This financial performance cements Zerodha’s position as a leader in the Indian […]
Hyundai Motor India has received approval from SEBI for its upcoming IPO. Hyundai Motor India is a significant development in the Indian automotive sector and the capital markets.which is expected to raise around $3 billion, making it the largest IPO in India’s history. The company plans to offer 14.2 crore […]
Pelatro made a strong debut on the NSE SME platform, with its shares listing at a 37.5% premium over the IPO price. The positive market response underscores investor confidence in the company. Listing Price: The shares listed at a premium of 37.5% over the initial public offering (IPO) price. Positive […]
The stock price of Arkade Developers on the BSE on September 24 was: *Listing price: Rs 176 Issue price:Rs 128 Premium: 37.5%* The grey market premium for Arkade Developers was estimated to be around 50%. However, the actual listing gains were slightly lower than this estimate.Arkade Developers had a successful […]
NTPC has awarded BHEL a contract worth Rs 6,100 crore for the construction of a 2×800 MW supercritical thermal power plant unit at Khunti in Jharkhand. The project is expected to be completed in 42 months. This is a major win for BHEL, which has been struggling in recent years.The […]
IPO size: The IPO is expected to raise a total of Rs 4,000 crore, with Rs 2,500 crore coming from a fresh equity issuance and the remaining Rs 1,500 crore from an offer-for-sale (OFS) by existing shareholders. Valuation: The offering is expected to fetch a valuation of approximately $7–8 billion. […]