The initial public offering of Afcons Infrastructure, flagship infrastructure, engineering, and construction company of the Shapoorji Pallonji group, closes today for public subscription. The IPO, so far, has received only a lukewarm response from investors. At the end of Day 2, the issue undersubscribed at just 0.36 time. The ₹5,430-crore IPO consists of a mix of…
Domestic markets are expected to open on a flat to positive note on Tuesday, signal trading at Gift City. After a strong bounce back on Monday, analysts expect domestic markets remain in consolidation mode. Gift Nifty 24,355 indicates a positive opening. F&O expiry this Thursday on the NSE will keep market volatile. The result season will…
Abhishek Lodha and family, Promoters of Lodha Group’s Macrotech Developers will be transferring 18 per cent of the shareholding in the real estate company Macrotech Developers, worth ₹20,000 crore, to Lodha Philanthropy Foundation (LPF). Star Health and Allied Insurance Company has clarified that it did not find any evidence of wrongdoing by the company’s chief information…
Home Markets Updated – October 29, 2024 at 06:59 AM. Sensex, Nifty, Share Prices LIVE: The short-term outlook is bullish for Rainbow Children’s Medicare. The stock has begun the week by surging over 5 per cent on Monday breaking above the ₹1,450-₹1,470 resistance zone. Indeed, the stock has been moving up well since the middle…
Bandhan Bank has attracted positive attention from several brokerage houses following its robust performance in Q2, marked by significant profit growth and resilience in asset quality. Jefferies initiated coverage with a “Buy” rating and a target price of ₹240. It noted a profit of ₹9 billion, reflecting a 30 per cent year-on-year increase that exceeded…
The shares of Thermax Limited were trading at ₹5690 up by ₹259.15 or 4.77 per cent on the BSE today at 10.34 am. Energy solutions provider Thermax Limited, on October 25, announced that its acquisition of a 100 per cent stake in Buildtech Products India Private Limited for approximately ₹72 crore, subject to transaction adjustments….
Solar PV module manufacturer Waaree Energies Limited made its stock market debut on Monday with a listing price of ₹2,500 on the National Stock Exchange (NSE), marking a 66 per cent premium over its issue price of ₹1,503. However, the shares retreated in early trading, declining nearly 4 per cent to ₹2,400.55 on NSE and…
Gopal Snacks Limited, one of India’s largest manufacturers of ethnic namkeen, announced today the launch of Pizza Pasta fryums under its flagship brand “Gopal.” The new product adds to the company’s snack pellets category, expanding its portfolio of 95 products across 346 SKUs. The shares of Gopal Snacks Limited were trading at ₹461 up by…
Indian equity benchmarks extended their morning gains in afternoon trading on Monday, with the BSE Sensex breaching the 80,000 mark and the NSE Nifty climbing above 24,450 points, driven by strong performance in banking and financial stocks. The 30-share BSE Sensex traded at 80,492.69 at 12:29 pm, up 1,090.40 points or 1.37 per cent from…
Cyient, a global engineering services company, has acquired a stake of 27.3 per cent in Azimuth AI, a fabless custom ASIC (application-specific integrated circuit) company. The shares of Cyient Limited were trading at ₹1,781.25 down by ₹16.85 or 0.94 per cent on the NSE today at 12.25 pm. The investment aligns with India’s initiatives to…
