FirstCry’s IPO was a resounding success. The strong listing, with shares opening at a 40% premium to the IPO price, reflects high investor confidence in the company’s growth prospects. Strong Debut: Rainbees Solutions Ltd, the operator of the FirstCry platform, made a strong stock market debut, with shares listing at […]
Ola Electric Mobility’s shares have indeed seen impressive gains, with the stock reaching Rs 109.44, marking a 44% increase from its IPO issue price of Rs 76 . The IPO, held from August 2 to August 6, was highly successful, being oversubscribed 4.27 times and raising Rs 6,145.56 crore. Impressive […]
Suzlon Energy has achieved a significant milestone as its market capitalization exceeds Rs 1 lakh crore for the first time in its history. This landmark achievement underscores the company’s strong market performance and growing investor confidence, reflecting its prominence in the renewable energy sector.”
Equity Fund Inflows: There has been a 9% decrease in inflows into equity mutual funds, totaling Rs 37,113 crore in July. This decline suggests a reduction in new investments or net contributions compared to previous periods. Systematic Investment Plan (SIP) Book: Despite the overall decline in equity fund inflows, the […]
Sensex and Nifty Performance: The Sensex, a benchmark index of the Bombay Stock Exchange (BSE), rose by 650 points. The Nifty 50, a key index on the National Stock Exchange (NSE), went above the 24,200 mark. Top Gainers: Britannia: This FMCG giant saw a substantial increase in its stock price, […]
Bharti Airtel A Strong Performance: Bharti Airtel reported a net profit of ₹4,160 crore for Q1 FY25, marking a 158% increase. Revenue rose 3% to ₹38,506 crore, slightly below forecasts. Despite the strong earnings, shares closed 1.66% lower at ₹1,469 on the NSE. The company’s India business revenue grew by […]
The Indian stock market saw significant gains today. The Sensex rose by 750 points, reaching around 79,500, while the Nifty climbed to 24,300. The positive movement was influenced by strong performances in various sectors, including IT and banking, as well as mixed global cues. Investors are closely watching quarterly earnings […]
Tamilnad Mercantile Bank (TMB) has reported a 10% rise in its net profit at ₹287 crore for the quarter ending June 2024, compared to ₹261 crore in the corresponding quarter of the previous year. This growth is driven by an increase in both interest income and non-interest income, despite higher […]
The State Bank of India (SBI), the country’s largest lender, reported a net profit of Rs 17,035 crore for the first quarter of the current financial year, marking around a 1 % increase. Net Profit: SBI’s net profit for Q1 FY25 increased by approximately 1% to Rs 17,035 crore compared […]
Morepen Laboratories Ltd, a pharmaceutical company, has initiated a Qualified Institutional Placement (QIP) to raise a substantial amount of Rs 250 crore. The company has also included a greenshoe option to potentially increase the issue size by an additional Rs 115 crore. Key Details of the QIP: Issue Size: Rs […]