Patanjali Foods shares: In early morning trade today, the Supreme Court issued a contempt notice to Patanjali Ayurved, owned by Ramdev, and its managing director, Acharya Balakrishna, for breaching their commitment not to rephrase their statements. to make false claims when promoting their medications. As a result, shares of the FMCG company Patanjali Foods fell…
Exicom Tele-Systems: On its first day of opening on Tuesday, the initial public offering (IPO) of Exicom Tele-Systems Ltd. saw overwhelming interest from retail investors and non-institutional buyers (HNIs), with subscriptions exceeding 10 times the offering. The IPO, priced at ₹135–142 per share, has garnered significant attention. According to NSE data, the ₹429-crore IPO received…
Bharat Highways InvIT IPO: The initial public offering (IPO) of Rs 2,500 crore by Bharat Highways InvIT will begin with bidding on Wednesday, February 28, and be open for subscription until Friday, March 1. The fixed pricing range for the units offered by Bharat Highways Infrastructure Investment Trust (InvIT) is Rs 98–100 per unit. Investors…
Canara Bank, a Public Sector Unit (PSU) lender, announced on Monday that the board has approved a stock split that will divide each share into five shares to increase the liquidity of the bank’s shares and make them more accessible to regular investors, according to an exchange filing. Canara Bank has informed us that the…
GPT Healthcare IPO: As of 5 p.m., 8.52 times had been subscribed to the IPO; QIBs had subscribed 17.30 times their quota, while the NII component had subscribed more than 11 times. In short On the last day, the GPT Healthcare IPO was oversubscribed. QIBs and NIIs exhibit robust demand for the IPO. Despite decreased…
YES Bank shares: The stock traded below its 5-day, 10-day, 20-day, and 30-day simple moving averages (SMAs), but remained above the 50-day, 100-day, 150-day, and 200-day SMAs. Its 14-day relative strength index (RSI) stood at 40.40. When the Relative Strength Index (RSI) falls below 30, it signifies oversold conditions, whereas a reading above 70 indicates…
Asian Paints shares: Asian Paints Ltd shares have extended their decline, dropping over 16% in the year 2023 thus far. The stock received a downgrade from CLSA, indicating potential further downside, particularly following Grasim Industries’ entry into the paint business. The overseas brokerage firm CLSA, based in Hong Kong, has downgraded the stock to ‘sell’….
Medplus Health Services: Despite a suspension order issued to one of its subsidiaries by the Drugs and Control Authorities of Mahabubnagar, Telangana, Medplus Health Services witnessed a 3 percent increase in its shares during early trading on February 26. By 9:37 am, Medplus Health Services was priced at Rs 710.10, marking a rise of Rs…
Sensex and Nifty: At around 10:00 am, the S&P BSE Sensex dropped 310.32 points to reach 72,832.48, while the NSE Nifty50 declined by 90.05 points to settle at 22,122.65. In short Nifty and Sensex open lower as IT stocks decline. Early trading sees a lot of volatility in markets. Paytm stock hits the upper circuit…
Zurich Insurance: Earlier this month, the Competition Commission of India (CCI) approved Zurich Insurance Company’s acquisition of a 70% stake in Kotak Mahindra General Insurance Company. Kotak Mahindra Bank has confirmed that Zurich Insurance Company will acquire a 70% stake in Kotak General Insurance Company Limited for Rs 5,560 crore in a single installment. The…
