Hyundai Motor India’s Rs 27,870 Crore IPO Subscribed 2.37 Times
Hyundai Motor India’s IPO, the largest in India’s history, concluded with a strong subscription rate of 2.37 times. The Rs 27,870 crore public issue saw a late surge in demand…
China’s Q3 GDP Grows 4.6%, Surpassing Economists’ Forecast
In Q3 2024, China’s economy grew by 4.6% year-over-year, slightly surpassing analysts’ forecasts. While this reflects economic resilience, quarter-on-quarter growth slowed to 0.9%, indicating challenges in reaching the government’s 5%…
Indian Stock Market Plunges: Nifty Down 330 Points
The Indian stock market is currently trading in the red. The Nifty is down 0.13% at 24,650, and the Sensex is down 0.08% at 330 points. All the sectoral indices…
Pranik Logistics Lists at 2.6% Premium Despite Strong IPO
Pranik Logistics shares listed at a modest 2.6% premium over their IPO price on the National Stock Exchange Small and Medium Enterprises (NSE SME) platform. The listing gains fell short…
Bajaj Auto Shares Plummet 8% on Weak Q2 Results
Bajaj Auto’s stock fell 8% following disappointing Q2 earnings, driven by weak sales in its key three-wheeler segment and rising input costs. The company also cut its guidance for the…
RVNL Stock Surges 4% After Winning ₹270 Crore Contract
RVNL has secured a contract worth ₹270 crore from the Maharashtra Metro Rail Corporation. The contract involves the construction of elevated metro stations. The contract is expected to boost RVNL’s…
SP Group Bonds: A Surprising Comeback Amidst
Unexpected Demand for SP Group Bonds: Despite the downgrade, there’s been a surge in interest for SP Group bonds, particularly from domestic wealth management firms. This unexpected demand suggests that…
Maharatna HAL: Soaring to New Heights with potential implications
HAL acquiring Maharatna status is indeed a significant development with potential implications for its share price. Higher Investment Capability: With the Maharatna status, HAL will have access to more resources…
“Bondada Engineering Achieves Major Order Win”
Revenue Growth: The Rs 1,132 crore order will likely contribute significantly to the company’s revenue, enhancing financial stability. Market Confidence: A stock price increase indicates that investors are optimistic about…
Hyundai Motor India IPO: Analysis and historical performance
Size: India’s largest IPO at Rs 27,870 crore. Past Performance: Many large IPOs, including Paytm, Reliance Power, GIC, and New India Assurance, have underperformed. Successful Comparisons: Shares of Coal India,…