Nupur Recyclers Limited (NRL) announced plans today to expand its operations into metal scrap processing and lithium-ion battery recycling, with a new facility scheduled to open by 2027. The announcement comes as demand grows for sustainable solutions in the electric vehicle sector. The shares of Nupur Recyclers Limited (NRL) were trading at ₹109.70 down by…
The Initial Public Offering (IPO) of Niva Bupa Health Insurance Company has received bids for 24.72 crore shares against 17.28 crore shares on offer, reaching 1.43 times subscription by 12:45 pm on its final day, November 11, 2024. The retail individual investors’ portion currently leads the subscription status at 2.14 times, with bids for 6.71…
Shares of Asian Paints plunged 9 per cent in early trade on Monday following Q2 results recording a 43.71 per cent decline in consolidated net profit to ₹693.66 crore for the September quarter 2024, missing analysts’ expectations on all fronts. The performance was impacted by soft-demand conditions, material price inflation, and performances of the decorative…
Hindalco Industries, an Aditya Birla Group company, is expected to report 65 per cent rise in September quarter net profit at ₹3,625 crore against ₹2,196 crore logged last year, despite a weak performance by its wholly-owned US subsidiary Novelis plc. Revenue is expected to jump 6 per cent to ₹57,704 crore (₹54,169 crore), as per…
The initial public offer of Niva Bupa Health Insurance Company Ltd, formerly Max Bupa Health Insurance Company, received 1.17 times subscription on day two of the share sale on Friday. The initial share sale got bids for 20,26,82,400 shares against 17,28,57,143 shares on offer, as per NSE data. The category for qualified institutional buyers (QIBs)…
Sensex, Nifty Live updates on November 11, 2024: The short-term outlook is bullish for Mahindra & Mahindra. The stock has surged over 5 per cent last week and has closed on a strong note. This rise has taken the share price well above a key resistance level of ₹2,900. The price action last week indicates…
Swiggy remained optimistic of growth in quick commerce amid growing competition from deep pocket players and said it has grown amid intense competition over the past decade, an official said on Thursday. In an interview to PTI, CEO Food of Swiggy, Rohit Kapoor, acknowledged the possibility of the entry of Jio into the hyperlocal delivery…
Swiggy IPO opened for subscription today, November 6, 2024. The IPO targets ₹11,327.43 crore through a combination of fresh issue worth ₹4,499 crore and offer for sale of 17.51 crore shares worth ₹6,828.43 crore. On day 1, the IPO was subscribed 12 per cent or 0.12 times. Retail investors subscribed 0.54 times and employee portion…
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After a Trump-induced stellar rally, domestic markets are likely to return to normalcy. Gift Nifty at 24,450 signals a gap-down opening of about 130 points as Nifty futures on Wednesday closed at 24,587. Analysts say domestic macro events and the Fed meet will remain in focus. With foreign portfolio investors continuing to remain in sell mode,…
