Adani Enterprises Limited (AEL) announced today the launch of a public issue of non-convertible debentures (NCDs) to raise up to ₹800 crore. The base issue size is ₹400 crore, with an option to retain oversubscription up to another ₹400 crore. The shares of Adani Enterprises Limited (AEL) were trading at ₹3,048.00 down by ₹8.95 or…
Benchmark indices Sensex and Nifty traded higher on Wednesday afternoon, with IT stocks leading the gains. The BSE Sensex was up 257.52 points or 0.32% at 81,969.28, while the Nifty50 rose 81.40 points or 0.33% to 25,099.15 as of 12:56 pm. The market opened on a muted note, but gained ground as the session progressed….
Target: ₹159 CMP: ₹125.76 Ola Electric Mobility reported revenue from operations for Q1-FY25 at ₹1,644 corer, up 32.3 per cent y-o-y and 2.9 per cent q-o-q. EBITDA loss for the quarter stood at ₹205 crore, an improvement of 6.3 per cent y-o-y and 52.1 per cent q-o-q. EBITDA Margins stood at -12.5 per cent, an…
The asset under management of Motilal Oswal Asset Management has surpassed ₹1 lakh crore on August 26. In the last 10 years, the AUM has increased 50 times along with a major expansion of its customer base, which now stands at 32 lakh from over 200 locations across India. Launched in 2008, the AMC now…
The Securities and Exchange Board of India SEBI on Wednesday proposed an overhaul of merchant bankers’ regulations amid a boom in the equity capital market. In a consultation paper floated on Wednesday, the regulator suggested a sharp hike in the net worth and provided more clarity on the roles and responsibilities of investment bankers —…
Target: ₹1,230 CMP: ₹791 We initiate coverage on Krystal Integrated Services Ltd, a rising leader in the Integrated Facilities Management Services (IFMS) sector, with a TP of ₹1,230 Krystal is the fastest-growing player in the IFMS industry, offering a diverse range of services, including IFMS, private security, staffing, and catering. Krystal has strategically expanded its…
Shares of Orient Technologies made a strong debut at the bourses on Wednesday after a blockbuster IPO. Against the IPO price of ₹206, shares of Orient Technologies listed at a healthy premium of nearly 31 per cent at ₹290 on the BSE. The stock hit a high of ₹304.45 and a low of ₹285.10 on the…
MarketsMojo, a data-driven analysis and investment advisory services company, has launched its mutual fund investment and distribution services platform, MOJOMF. The platform will be a complete advisory solution for mutual funds, with guidance on how to generate alpha from investments. The move aims to attract more investors, especially the youth, by making investment processes and…
Indian stock markets closed with modest gains on Wednesday, extending their winning streak amid mixed global cues and sector-specific movements. The benchmark BSE Sensex ended 73.80 points or 0.09% higher at 81,785.56, while the Nifty 50 rose 34.60 points or 0.14% to close at 25,052.35, marking its longest gaining streak since October 2020. The day’s…
JBM Electric Vehicles (P) Ltd has signed an agreement with LeafyBus to supply 200 electric intercity luxury buses, the company announced today. The deal includes 150 high-end electric luxury intercity coaches and 50 e-buses for staff and tourist applications, to be delivered within the next 24 months. The shares of JBM Auto Ltd were trading…
