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 […]
NSE
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 […]
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. […]
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 […]
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 […]
Order Win: Apollo Micro Systems secured a project from the Indian Army for a Vehicle Mounted Counter Swarm Drone System (VMCSDS). Stock Surge: The company’s stock price jumped 5% and hit the upper circuit limit, meaning there were more buyers than sellers at that price. This indicates strong investor interest. […]
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 […]
Company Background: Established in 1985, specializing in stainless steel wire. Operates in 3 sectors: high carbon steel, low carbon steel, and stainless steel wire. Diverse product range with over 3,000 steel wire products. Wide customer base of over 5,000 clients. IPO Details: Listed at ₹356 on NSE, a 39% premium […]
The Nifty 50, a stock market index in India, closed higher on Tuesday, July 9th, 2024 forming a long bull candle on the daily chart. This signals a potentially bullish trend for the market. Breakout: Nifty overcoming the resistance level of 24,400 indicates increased buying pressure and bullish sentiment among […]