GPT Healthcare’s IPO: Today is the opening of subscriptions for the hospital chain GPT Healthcare Ltd., situated in Kolkata, to go public. The firm hopes to generate about Rs 40 crore through the IPO through the new issue and an Offer For Sale (OFS) of up to 2.61 crore shares. The price range that the…
Wipro shares: On Wednesday morning, Wipro Ltd., a major player in the IT industry, will be the center of attention after announcing that it has expanded its partnership with Intel Foundry to speed up innovation in chip design. The announcement followed Wipro’s post-market announcement on Tuesday announcing that it had increased its collaboration with IBM…
HFCL shares: On February 21, HFCL Limited witnessed a notable surge in its shares, rising by over 3 percent to reach Rs 115, marking a new 52-week high during afternoon trading. This upward trajectory followed the company’s significant announcement of venturing into Europe strategically. HFCL revealed its plans to establish a manufacturing facility for optical…
Union Bank of India: Union Bank’s shares surged by 6 percent in early trading on February 21st, following the announcement by the PSU lender of a Rs 3,000-crore qualified institutional The bank announced a qualified institutional placement (QIP) at a floor price of Rs 142.78 per share. The floor price represents a slight premium compared…
Tech Mahindra, the IT services and consulting firm, announced on Tuesday, February 20, that it has finalized the acquisition of a 100% stake in Orchid Cybertech Services (OCSI) via its wholly-owned subsidiary for a total of $3.27 million. In a regulatory filing, Tech Mahindra announced that its wholly-owned subsidiary, Customer Philippines Inc., has approved the…
Hyundai Motor India IPO: Emkay Global suggests that Maruti Suzuki might trade at comparable valuations to Hyundai. This is due to Suzuki’s heavy reliance on India and its alliance with Toyota, balanced by Hyundai’s strong global presence and premium brand positioning. With Hyundai’s Indian subsidiary, Hyundai Motor India, making strides as the second-largest passenger vehicle…
Kotak Bank: Federal Bank shares dropped by 7.97 percent, reaching a low of Rs 150 on the BSE. Meanwhile, Kotak Mahindra Bank shares were trading 0.84 percent higher at Rs 1,746.05 on the BSE. Federal Bank Ltd witnessed an 8 percent plunge in its shares during Tuesday’s trading session. This drop came as Kotak Mahindra…
Sensex and Nifty are down on weak global cues; markets are indecisive due to lack of triggers The Sensex and Nifty 50 kicked off trading on February 20 with a downtrend, influenced by subdued global cues. Following Nifty’s record peak of 22,186 in the prior session, analysts suggest that maintaining levels above 22,150 may instigate…
Yes Bank stock fell 4% following a 0.86% equity transaction Yes Bank stock: Yes Bank shares saw a decline of 4.58 percent on February 19, reflecting a trading session where 0.86 percent of the bank’s equity changed hands. On February 19, approximately 24.78 lakh shares worth Rs 674 crore changed hands on the exchanges. Yes…
RVNL shares rise 12% as railway firm publishes order book information and plan RVNL shares rose 11.86% to an intraday high of Rs 281.45 on the BSE. RVNL’s market capitalization rose to Rs 57,556 crore on the BSE. In short RVNL shares have a one-year beta of 1.4, indicating strong volatility over that period. The…
