Premier Energies IPO : Today, August 27, at D-Street, Premier Energies, a producer of solar cells and modules, is set to launch its initial public offering. With a face value of ₹1, each equity share in the IPO would be priced between ₹427 and ₹450. The IPO is scheduled to end on August 29. Anchor…
Date of Orient Technologies IPO allotment: Today, Monday, August 26, is the final day of the Orient Technologies IPO share allotment. The Orient Technologies IPO registrar online, Link Intime India Private Ltd., allows investors who applied for the offering to check the status of their allotment. On Wednesday, August 21, the Orient Technologies initial public…
Anil Ambani, chairman of ADAG, and 24 other entities, including former key managerial personnel (KMPs) of Reliance Home Finance Ltd (RHFL), have been barred from the securities market for five years by securities markets regulator Securities and Exchange Board of India (Sebi) for diverting funds from the company. Ambani was also fined Rs 25 crore…
Titan Company’s stock price fell more than 4% in morning sessions on Monday after reporting Q1 earnings. The first-quarter results were announced on Friday after market hours. Titan’s share price began at ₹3320.05, 4.1% lower than the previous close of ₹3,462.35, and fell to ₹3316 levels on Monday on the NSE. Tiran recorded a standalone…
Tata Motors’ EBIT margin outlook is heavily reliant on volumes, with major margin drivers currently decreasing, according to YES Securities. Tata Motors generated free cash flow (FCF) in a traditionally sluggish June quarter. Despite lower volumes, JLR’s richer product mix resulted in profitability. The Tata group company also recorded a significant increase in commercial vehicle…
Stock Market Today: Tata Motors’ share price has risen by 46.6% so far in 2024. Strong passenger vehicle growth, a stable commercial vehicle outlook despite hurdles, an emphasis on electric vehicles, and JLR expectations have all contributed to the surge in Tata Motors’ share price. However, investors remain apprehensive ahead of Q1 earnings, with Tata…
Mahindra & Mahindra (M&M) recorded a standalone net profit of ₹2,612.63 crore for the first quarter of FY25, a 5.3% decrease from ₹2,759.43 crore in the previous year period. In Q1FY25, M&M’s revenue from operations grew by 12% to ₹27,038.79 crore from ₹24,137.19 crore year on year. The automaker increased market share and expanded margins…
Tata Motors Limited is an Indian multinational automaker that is a member of the Tata Group. Here’s an extensive overview: Overview Established: 1945. Headquarters are located in Mumbai, India. Automotive Industry Vehicles include passenger cars, commercial trucks, electric cars, and luxury cars. Tata, Jaguar Land Rover (JLR), Tata Daewoo, and other brands. Important Segments Passenger…
The Securities and Exchange Board of India (Sebi), India’s market regulator, issued an order on Friday prohibiting fugitive businessman Vijay Mallya from participating in the securities market for three years. The action stems from revelations that Mallya used sophisticated operations to conceal his identity when transferring funds to the Indian stock market. According to Anitha…
Tata Motors, a worldwide vehicle maker, rose 6% to a new all-time high of ₹1,084.90 per share in today’s session after being upgraded by Japanese brokerage company Nomura. Nomura upgraded the stock to ‘Buy’ from ‘Neutral’ and raised its target price to ₹1,294, up from ₹1,141 previously. This revised goal represents a potential 26% increase…
