JM Financial shares price fell more than 19% in early trade on Wednesday after the Reserve Bank of India (RBI) prohibited JM Financial Products Ltd from making loans against shares and debentures due to regulatory and governance issues. JM Financial shares slumped 19.29% to ₹77.10 on the BSE. JM Financial Products has also been forbidden…
Exicom share price: Exicom Tele-Systems Limited’s equity shares debuted on the BSE and NSE today, trading at a whopping 86 percent premium above the issue price of ₹135 to ₹142 per share. Exicom’s stock price began trading at ₹264 on the BSE, but it opened at ₹265 on the NSE. But despite a great start…
IIFL Finance’s Share price: IIFL Finance’s share price ended the previous session on the NSE 3 percent down at ₹598.00. IIFL Finance Shares plummeted 20% today (March), hitting the lower circuit after the Reserve Bank of India (RBI) directed the company to stop authorizing or disbursing gold loans immediately. According to a press release issued…
Tata Motors: Morgan Stanley believes that the company’s British arm Jaguar and Land Rover, as well as its domestic PV business, will have “synergies in the EV era.” Morgan Stanley, a global trading firm, proclaimed Tata Motors to be “overweight” when it announced that it would divide its passenger vehicle (PV) and commercial vehicle (CV)…
Paytm Payments: The board of PPBL was reorganized earlier this week following the resignation of Vijay Shekhar Sharma as the bank’s part-time non-executive chairman. An administrator designated by the RBI may take over the management of unclaimed deposits and certain crucial areas of Paytm Payments Bank, which is in danger of losing its license after…
Mukka Proteins IPO closes today: Mukka Proteins IPO is worth ₹224 crore and consists of a fresh offering of 8,00,000 equity shares. Mukka Proteins’ initial public offering (IPO) began on February 29 and ends today (March 4). The initial public offering had a positive reaction throughout the first two days of its launch, with 6.97…
Adani Ports share price surged over 1% to reach an all-time high on Monday following the company’s announcement of a remarkable 33% year-on-year increase in cargo volumes for February. This impressive growth propelled Adani Ports shares up by 1.32% to ₹1,356.50 each on the Bombay Stock Exchange (BSE). In February, Adani Ports and Special Economic…
Cipla stock: On March 2nd, Cipla’s stock experienced a notable uptick, marking a gain of 1.43 percent. This surge brought it tantalizingly close, just Rs 2 away, from reaching the 52-week high it had achieved in the preceding session. From February 26 to March 1, the US Food and Drug Administration (USFDA) examined a production…
Stocks: The BSE Sensex reached fresh highs of 73,994.70 during the day. However, the BSE’s barometer eventually finished 60.80 points, or 0.08 percent higher, at 73,806.15. During the special trading session on Saturday, which ended at 12.30 pm, domestic equities markets ultimately closed modestly higher, despite the headline indexes reaching new highs. Trade was held…
GDP: As the gross value added (GVA) in the farm sector shows a contraction during the third quarter, the Chief Economic Advisor remains optimistic, foreseeing a rebound in the upcoming year. He anticipates robust growth in the construction, manufacturing, and mining sectors, which could potentially offset the downturn in agriculture. However, there are lingering concerns…
