Mumbai-based IT solutions provider Orient Technologies’ initial public offering (IPO) will open today and close on Friday, August 23. The IPO consists of a fresh issue of up to ₹120 crore and an offer for sale (OFS) of up to 46 lakh shares by promoter selling shareholders. The price band has been determined as ₹195–206…
The ₹600-crore Interarch Building Products issue closes today for public subscription. The IPO has so far witnessed a robust response from high-net-worth individuals and retail investors. At the end of Day 2, the IPO was subscribed 10.84 times overall. IPO details The IPO has a price band of ₹850–900. It consists of a fresh issue…
la Stock Price, Ola Electric Mobility Share Price Updates for August 20, 2024: Ola Electric Mobility stock has reversed early gains and declined 6% on Tuesday to trade below ₹140 mark. The stock hit a fresh high above ₹155 mark in early trade today. Ola Group recently announced its foray into the electric motorcycle segment…
SEBI has allowed Category-I and Category-II AIFs to borrow for the purpose of meeting temporary shortfall in drawdown amount, with 30 days cooling-off period between two periods of borrowing. Such borrowing has to be done only as a last recourse, when the investment opportunity is imminent to be closed and the drawdown amount from investors…
Target: ₹3,230 CMP: ₹3,488.15 In Q1 FY25, Ratnamani Metals & Tubes Ltd (RMTL) posted flat revenue growth on a y-o-y basis due to a change in product mix and a slowdown in sales due to general elections. The Company’s EBITDA margin declined by 370 bps on a y-o-y due to a change in product mix…
Target: ₹1,660 CMP: ₹1,659.75 Voltas has reported strong top-line growth (46 per cent y-o-y, 15 per cent above BNPPEe), led by continued growth momentum in Unitary Cooling Products (51 per cent) and EMP (40 per cent) segments. Electro-Mechanical Projects’ EBIT margin (7.1 per cent) turned positive after six quarters, which drove an overall 310 bp…
Geojit Financial Services has launched its flexi cap portfolio, the Beacon Fund. The fund is designed to provide investors exposure to companies of all sizes, from large-cap stalwarts to promising mid-cap and small-cap growth stories. This approach would ensure a balanced portfolio that captures the full breadth of market opportunities. It is constructed with a…
The Indian stock market closed on a positive note Tuesday, with both benchmark indices registering significant gains driven by a strong performance in the banking and financial sectors. The BSE Sensex climbed 378.18 points, or 0.47 per cent, to close at 80,802.86, while the Nifty 50 advanced 126.20 points, or 0.51 per cent, to end…
Shares of Saraswati Saree Depot on Tuesday made a strong debut at the bourses. Against an IPO price of ₹160, the stock of Kolhapur-based company listed at ₹194 on the NSE. After dipping to a day’s low of ₹186, it closed at ₹203.70 — a gain of 27 per cent over the IPO price. On…
In mid-day trading, Sensex and Nifty showed positive momentum, with the Sensex rising 463.44 points or 0.58% to 80,888.12. The Nifty also gained, up 143.80 points or 0.59% to 24,716.45. Shrey Jain, Founder and CEO of SAS Online, commented on the market conditions, stating, “The Nifty index is currently stabilizing around its key Call levels…
