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
Financial News
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. […]
Maruti Suzuki’s stock price surged by 4% to a record high due to its exceptional performance in the first quarter.On August 1, shares of Maruti Suzuki surged by 4 percent, reaching a record high of Rs 13,675. This impressive growth has prompted brokerages to revise their target prices upwards. Reasons […]