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…
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…
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…
RVNL shares: Shares of Rail Vikas Nigam Ltd (RVNL), a state-run company, closed nearly 6% higher on Friday following its announcement that it had secured the lowest bidder (L1) status for a project valued at Rs 191.5 cr from South Eastern Railway. RVNL’s shares ended the day up by 5.77% at Rs 409.70, compared to…
MapMyIndia shares: Shares of C.E. Info Systems, the company behind MapMyIndia, surged by 20% to achieve a new all-time high during today’s afternoon trading session. This increase followed a buy recommendation from international brokerage Goldman Sachs, which initiated coverage on the stock. Goldman Sachs has projected a potential upside of 40% for the stock, setting…
IREDA shares: After the Lok Sabha Election outcome, shares of the Indian Renewable Energy Development Agency (IREDA) have been trading within a narrow range. On June 4, the day the election results were announced, IREDA stock closed at Rs 167.35, marking a 13% decline from its previous close of Rs 191.9 on June 3. Since…
GRSE shares: Garden Reach Shipbuilders & Engineers Ltd (GRSE) shares continued their winning streak for the fifth consecutive session on Tuesday. The stock surged 14.84% to reach a lifetime high of Rs 1,869.45 and was last trading 10.25% higher at Rs 1,794.70. Over the past five trading days, the stock has gained 30.24%. Year-to-date, GRSE…
HFCL shares: Amidst a surge in the overall market on Tuesday, shares of HFCL reached a new 52-week high. The stock increased 9.21% to settle at Rs 128.80 on the BSE, up from the previous closing of Rs 117.80. On the BSE, HFCL’s stock opened higher at Rs 123.15. Following the company’s announcement that it…
Ambuja Cements share price: a company under the Adani Group, stated that it has acquired Penna Cement Industries Ltd. for an enterprise value of ₹10,422 cr. The share price of Ambuja Cements increased by almost 3% in early trade today, June 14, to reach a 52-week high. This comes after Penna Cement Industries Ltd. (PCIL)…
