The State Bank of India (SBI) has successfully raised Rs 10,000 crore through 15-year infrastructure bonds aimed at funding projects in sectors such as power and roads. These bonds carry a fixed coupon rate of 7.36 percent. The issue attracted nearly four times the base issue size of Rs 5,000 crore in subscriptions. Previously, in…
India Cements stocks: Shares of India Cements Ltd saw a significant increase in Wednesday’s trading session, surging 17.53 percent to reach a day high of Rs 269.50. At this level, the stock was just 2.71 percent below its 52-week high of Rs 277, which was achieved earlier this year on January 4. The scrip of…
Vraj Iron and Steel IPO: Today, the initial public offering bidding has commenced for Vraj Iron and Steel, and it will remain open for subscription until June 28, 2024. During this period, from Wednesday to Friday this week, investors can participate. The Initial Public Offering price range for Vraj Iron and Steel has been set…
DEE Development Engineers’ IPO: The initial public offering (IPO) of DEE Development Engineers Limited is scheduled for today, June 26, 2024. According to a notice from the Bombay Stock Exchange (BSE), the equity shares of DEE Development Engineers will be listed and available for trading on the Indian exchanges in the ‘B’ group of securities,…
The Adani Group intends to invest Rs 1.3 trillion in FY25 to bolster capacity, with Adani Green Energy allocating Rs 34,000 crore for its facilities in Khavda, Gujarat, according to Jugeshinder ‘Robbie’ Singh, the group’s chief financial officer, speaking in Ahmedabad on Tuesday. Singh highlighted that the majority of these investments will focus on the…
Muthoot Microfinance shares: In Tuesday’s afternoon session, shares of Muthoot Microfinance rose by more than 6% following the announcement that the firm has been granted a corporate agent license by the Insurance Regulatory and Development Authority of India (IRDAI). This license allows Muthoot Microfinance to provide customized insurance products to its customers. Muthoot Microfinance’s stock…
Stanley Lifestyles IPO: The IPO of Bengaluru-based Stanley Lifestyles concludes today. The ₹537-crore offering from the high-end furniture manufacturer garnered strong interest from retail investors and high-net-worth individuals (HNIs) in the first two days of its opening. The IPO, priced between ₹351 and ₹369 per share, was oversubscribed by 5.22 times. This IPO, having a…
Amara Raja stocks: Amara Raja Energy and Mobility’s stock surged by 20% to reach Rs 1,656, marking an all-time high on June 25. This increase followed the battery manufacturer’s announcement of a technical licensing agreement with Gotion High-Tech, based in China. Under this agreement, Gotion High-Tech’s subsidiary, GIB EnergyX, will license its LFP technology for…
Hero MotoCorp: Homegrown two-wheeler major Hero MotoCorp announced on Monday that it will implement an upward revision in the ex-showroom prices of select motorcycles and scooters, effective July 1, 2024. The price increase will be up to Rs 1,500, with the exact amount varying by specific model and market. Hero stated in a BSE filing…
Quant Mutual Fund: On June 23, Moneycontrol reported that Sebi had conducted a search and seizure operation at Quant Mutual Fund premises due to suspected front-running activities. Stocks in which this Mutual Fund holds significant stakes are expected to face downward pressure following reports of a search and seizure operation. Quant manages the third-largest small-cap…
