Holdings to Monitor – New Delhi The stocks listed below may be of interest on Monday: Tata Power: Has emerged victorious in the bidding process to acquire Bikaner-III Neemrana-II Transmission, a project SDV established by PFC Consulting, an affiliate of Power Finance Corp. Build-Own-Operate-Transfer will be the project’s development model. Transmission service will be provided…
Sheetal Universal Ltd, a supplier of agricultural commodities, is set to kick off its IPO subscription on Monday, December 4. The Company IPO falls under the SME category and follows a fixed pricing structure. The IPO allotment is anticipated to be finalized on December 7, and the public issue will close on December 6. The…
Metro Brands: In the wake of the company’s announcement on Wednesday of a strategic alliance with New York-based specialty athletic retailer Foot Locker, Inc., Metro Brands’ share price surged over 9% to reach a 52-week high on Thursday’s trading. On the BSE, Metro Brands’ shares began trading at ₹1,371.50 each. The share price of Metro…
The Servotech Power Systems Ltd. board of directors changed the issuance price per equity share from ₹82 to ₹83.40 million. The preferred issue price was updated by the corporate board during its Tuesday meeting. Servotech Power Systems’ preferred issue price changed, resulting in a ₹75.06 crore issue size instead of ₹73.80 crore. Servotech Power Systems…
Cipla: Jefferies has cautioned that Cipla’s FY26E earnings per share might be jeopardized by lengthy corrective action on the issued warnings. Following the US Food and Drug Administration’s (FDA) warning letter about the pharmaceutical company’s Indore factory, investors in Cipla are apprehensive. Following the release of the letter’s specifics, which highlighted data integrity concerns at…
Tata Technologies IPO: GMP increases following a robust subscription status. How to check allocation, all eyes focused on the date of listing Following the conclusion of the subscription period for Tata Technologies Ltd.‘s initial public offering (IPO), all eyes are now focused on the dates of the IPO allocation and listing. Tata Technologies’ IPO allotment…
Maruti Suzuki: On Friday, Maruti Suzuki said that the preferential issue of 12,322,514 shares at a price of ₹10,420.85 per share to Suzuki Motor Company Ltd had been authorized by the board of directors. A regulatory filing states that after this allotment, Suzuki Motor Company’s ownership position in the top automaker in India will rise…
Axita Cotton: Bonus shares 2023: Axita Cotton Ltd., a small-cap business, has announced bonus shares for its qualified owners. During its meeting on Thursday, the company’s board of directors reviewed and approved the proposal for bonus shares. Bonus shares were authorized by the corporate board in a 1:3 ratio, meaning that qualified shareholders will get…
Bharti Airtel Ltd. has started the first steps of its subsidiary Bharti Hexacom’s initial public offering (IPO), as individuals familiar with the situation informed CNBC-TV18. For the Bharti Group, if the IPO process goes through, it would be a huge milestone since it would be its first public offering in more than ten years. In…
Tata Technologies: On Monday, shares of Tata Investment Corporation continued their incredible rally for the second day in a row, rising more than 15% to reach a 52-week high. The price of a Tata Investment share on the BSE surged by 15.79% to a new high of ₹4,521.90 per share. The price of Tata Investment…
