Alok Industries: Preferential shares were privately placed with RIL at a dividend rate of nine percent. Once Reliance Industries Ltd (RIL) subscribed for non-convertible redeemable preferential shares worth Rs 3,300 crore on January 2, shares of Alok Industries surged by 20 percent and were locked in their upper circuit at Rs 25.80, also the highest…
Azad Engineering IPO: Limited’s initial public offering (IPO) will accept subscriptions through December 22, 2023, and bidding will be accepted through that date. This indicates that investors have just one day left to apply for the public offering of Azad Engineering, as the IPO will close this evening. The firm that makes turbines and aerospace…
Suzlon Energy: This project will be a part of the tariff-based Wind-Solar Hybrid and STU (State Transmission Utility) project to increase the contribution of Renewable Energy in the state of Gujarat. The KP Group awarded Suzlon Energy a repeat order for the development of a 193.2 MW wind power project, which caused the company’s shares…
Inox India IPO: On its third day, the Inox India IPO saw an oversubscription as a result of the overwhelming response it continued to receive from non-institutional and retail investors (NIIs). As of 13:00 IST, 15.75 times have been subscribed to the Inox IPO. The Inox IPO went quite well on the first and second…
Indian markets: All sectoral indices finished in the green, with Nifty Information Technology up 7%, Nifty PSU Bank and Metal indices up 5% each, and Nifty Realty up nearly 4%. Indian markets extended their winning streak for the seventh week in a row, with benchmarks setting new lifetime highs in the week ended December 15,…
HFCL subsidiary: According to HFCL, the size of the global surveillance radar market is expected to increase from its current $6.87 billion annual value to $12 billion by 2030. On December 15, HFCL announced the creation of novel radar technology via its subsidiary. In response to the announcement, the company’s shares closed on December 15…
Multibagger IPOs in 2023: With the new year 2024 only a fortnight away, it is critical to examine your portfolio and the type of return you have received from various asset investments. For an equity investor, 2023 could be a memorable year because all of its indices are at record highs and have been consistently…
JM Financial: Compared to the Nifty 50, which has increased by more than 16 percent over the same period, JM Financial shares have increased by 32 percent so far this year. On December 15, JM Financial’s stock price increased by 10% as a result of a management transition and the distribution of equity shares that…
Ritesh Agarwal, the founder and CEO of travel-tech platform OYO, has announced the opening of five healthcare centers in Odisha over the next year. The centers will be run by ‘Last Mile Care,’ a health-tech startup that already operates 11 health centers in India. As we navigate the ever-changing healthcare landscape, collaboration among healthcare providers,…
Current state of the stock market: Indian Railway Catering and Tourism Corporation, or IRCTC, share price finally reached a new 52-week high of ₹799.95 apiece on NSE during morning deals today, extending the bull trend for the fourth straight session. After correcting from its opening price and making an intraday low of ₹785.50 per share,…
