Tata Technologies’ initial public offering (IPO) was listed at a whopping 140% premium on Indian bourses on Thursday during a special pre-open session. However, after providing a multi-bagger return to the lucky allottees, Tata Technologies’ share price extended its gains and reached 1400 apiece levels on NSE, delivering a 180 percent listing premium to those…
UltraTech Cement: In today’s trading session, shares of UltraTech Cement, the flagship business of the Aditya Birla Group, saw a rise of 2.60% and reached a new all-time high of ₹8,960 per share. This followed the company’s announcement on Wednesday in an exchange filing that it had paid ₹169.79 crore to purchase Burnpur Cement Limited’s…
Metro Brands: In the wake of the company’s announcement on Wednesday of a strategic alliance with New York-based specialty athletic retailer Foot Locker, Inc., Metro Brands’ share price surged over 9% to reach a 52-week high on Thursday’s trading. On the BSE, Metro Brands’ shares began trading at ₹1,371.50 each. The share price of Metro…
Steel Deficit: Even if local steel production and consumption have grown, there are still issues with the global market that affect India’s export environment as demand declines in important regions like Europe and Vietnam. India reported a trade deficit in steel shipments (value of imports surpassing exports) for the second year in a row due…
Rupee: In early trade on Wednesday, the Indian rupee appreciated 5 paise to 83.28 versus the US dollar as foreign funds poured into local shares while the US currency declined. The local currency saw an increase in opening value from its previous close of 83.33 to 83.31 per dollar. The dollar index, which compares the…
The Servotech Power Systems Ltd. board of directors changed the issuance price per equity share from ₹82 to ₹83.40 million. The preferred issue price was updated by the corporate board during its Tuesday meeting. Servotech Power Systems’ preferred issue price changed, resulting in a ₹75.06 crore issue size instead of ₹73.80 crore. Servotech Power Systems…
Stock News: Equity markets are expected to reopen on Tuesday following an extended holiday break, with a cautious outlook due to muted signals from international markets. As of 07:10 AM, Gift Nifty futures were listed at 19,857, in comparison to the NSE Nifty50’s closing figure of 19,795 on Friday. The US market closed in the…
Cipla: Jefferies has cautioned that Cipla’s FY26E earnings per share might be jeopardized by lengthy corrective action on the issued warnings. Following the US Food and Drug Administration’s (FDA) warning letter about the pharmaceutical company’s Indore factory, investors in Cipla are apprehensive. Following the release of the letter’s specifics, which highlighted data integrity concerns at…
BSE: New rules have been implemented by the Bombay Stock Exchange (BSE) for small and medium-sized businesses (SMEs) that want to transfer from the SME platform to the main board. In order to move to the main board, an applicant business must have a net value of at least ₹15 crore for the two previous…
Stock: New India Assurance has increased by 17% to Rs 204. On the BSE, General Insurance Corporation is up over 12% at Rs 297. Both equities reached 52-week highs. India’s Life Insurance Corporation is up 7% at Rs 662.The General Insurance Corporation of India has been given the India National Scale Rating (NSR) by the…
