Vodafone Idea announced today its plans to initiate a Follow-on Public Offer (FPO) of equity shares valued at up to Rs 18,000 crore next week.The FPO commences on April 18 and concludes on April 22. The company stated in an exchange filing that the anchor bids would be approved on April 16. The floor price…
Reliance Infra stock: On April 10, shares of Reliance Infrastructure plummeted by 20 percent, reaching a lower circuit limit at Rs 227.4. This drop came following a Supreme Court directive instructing its airport metro arm to refund arbitral award payments received from the Delhi Metro Rail Corporation (DMRC). The Supreme Court approved DMRC’s curative petition,…
Bharti Hexacom shares: Investors could potentially see favorable listing gains from Bharti Hexacom Ltd shares today. The grey market premium for this telecom and broadband services provider has been steadily increasing since the bidding for its issue commenced. According to the most recent information, Bharti Hexacom was said to have a premium of Rs 95-100…
Paytm shares: The stock of One97 Communication, the parent company of Paytm, experienced a 4% decline, dropping to an intra-day low of Rs 388 following the resignation of Surinder Chawla, the MD & CEO of Paytm Payments Bank. In an exchange filing, the company stated that Chawla submitted his resignation citing personal reasons and a…
Vedanta share price: Investor interest in Vedanta’s shares remained robust as the stock surged by nearly 8 percent, reaching a new 52-week high during morning trading on the NSE on Wednesday, April 10th. Vedanta’s shares opened at ₹347, up from the previous day’s close of ₹338, and climbed to ₹364.80, marking an increase of almost…
JSW Steel: In its business update for the quarter ending March 31, 2024, JSW Steel announced on Monday that it had produced 26.43 million tons of consolidated crude steel, marking a 9% increase compared to the company’s previous record of 24.15 million tons in FY23. During the fourth quarter of FY24, The Company reported producing…
Nykaa shares: Shares of FSN E-commerce, the parent company of Nykaa, saw a significant surge of up to 5 percent during early trading on April 8. This rise came shortly after the company expressed optimism regarding a robust growth outlook for the fourth quarter. By 10:40 am, Nykaa shares were trading at Rs 173.55 on…
Bandhan Bank: Jefferies brokerage downgraded Bandhan Bank Ltd.’s rating from “buy” to “underperform” after the bank announced on April 5 that its Managing Director and CEO, Chandra Shekhar Ghosh, would step down Upon the conclusion of his service in early July. The brokerage reduced the stock’s target price to Rs 170 from Rs 290, attributing…
Wipro stock price: The share price of Wipro is being closely watched today following the announcement by the firm that Thierry Delaporte, the company’s CEO, and MD, has resigned on April 6 and that Srinivas Pallia will take over as the new MD and CEO of the massive IT company. On Friday, Wipro’s shares closed…
IREDA stock: Shares of Indian Renewable Energy Development Agency Ltd (IREDA) have surged by 253% from their yearly low of Rs 49.99 reached on November 29 last year. The renewable energy stock concluded 11.43% higher at Rs 176.45 on Friday, following the revision of the circuit filter limit by BSE and NSE for the state-run…
