The IPO of Hyundai Motor India Ltd (HMIL) has been a subject of much anticipation and speculation. While the strong subscription rate from institutional investors is encouraging, the relatively subdued retail investor participation raises questions about the overall market sentiment towards the IPO. Strong institutional interest: The IPO received a […]
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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 […]
Adani Energy Solutions Limited (AESL) shares showed positive movement on September 20, driven by analyst forecasts from Cantor Fitzgerald, who see the potential for a significant upside of up to 125% in the stock. AESL shares rose 3.66%, reaching an intraday high of ₹1,014.90 on the NSE. This rebound followed […]
The allotment status for the Gala Precision Engineering Initial Public Offering (IPO) is expected to be finalized on Thursday, September 5, 2024. Successful applicants will have their shares credited to their Demat accounts on the same day. IPO Type: Book Built Issue Issue Size: Rs 167.93 Crores Fresh Issue: Rs […]
Financials: Revenue: Analysts predict a slight sequential increase (around 0.7%) in revenue to ₹37,718 crore but a YoY increase of 9.4%. Profit: The net profit is expected to see a modest rise of 1% sequentially to ₹6,185 crore, translating to a 15% YoY jump. FY24 Guidance: Infosys sharply reduced its […]
The Indian stock markets performed well on Monday, July 15th, 2024, despite weak global trends. The Nifty 50 index, which tracks the performance of the 50 largest companies listed on the National Stock Exchange of India, ended near 24,600, after reaching an intraday high of 24,635. This is close to […]
Record High: Aurobindo Pharma’s stock price reached an all-time high today, July 15th, 2024. Buyback Proposal: This surge comes after the company announced their board will meet on July 18th to consider their first-ever share buyback program. Investors are likely reacting positively to the potential buyback, which could increase the […]
The Nifty 50, a benchmark stock market index in India, is currently trading around 24,320 in a range bound manner. This means the index is fluctuating within a specific price range without any significant upward or downward trend.