Massive Premium: The stock opened at Rs 199.5 per share, compared to the IPO price of Rs 105. Strong Demand: The IPO was oversubscribed 200 times, indicating significant demand from investors. Business Model: Sunlite Recycling Industries specializes in recycling copper scrap, focusing on environmentally friendly practices
A significant block deal took place on August 20 involving Zomato’s shares, where approximately ₹5,438.50 crore worth of shares were sold. The likely seller in this transaction was Antfin Singapore Holding, a subsidiary of the Alibaba Group. The deal involved 21 crore shares, representing a 2.4 percent stake in Zomato. […]
Vedanta Limited has announced plans to offload a 2.6% stake in its subsidiary, Hindustan Zinc, through an Offer For Sale (OFS). This move comes after Hindustan Zinc reported its first profit growth in six quarters. The company has reported a 19.4% year-on-year increase in net profit for the April-June quarter. […]
Hero MotoCorp has announced its financial results for the first quarter of the fiscal year 2025. Here are the key points: Financial Performance: Net Profit: Increased by 36% to Rs 1,122.63 crore compared to the previous year’s Rs 824.72 crore. Revenue: Surged by 16% to Rs 10,144 crore, surpassing the […]
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 […]