Shares of JSW Energy experienced a notable uptick of over 2 percent, hitting a 52-week high of Rs 558 on April 3, driven by the company’s strategic decision to raise Rs 5,000 crore through qualified institutional placements (QIP) in one or more tranches. As trading commenced at 09:52 am, JSW Energy shares were valued at … Read more
Shares of SRM Contractors, a Jammu & Kashmir-based construction company, marked their market debut on April 3, listing at a 2 percent premium on the National Stock Exchange (NSE) at Rs 215. This listing followed a period of anticipation, with the company’s shares commanding a high grey market premium (GMP) of Rs 95, indicating a … Read more
Cement stocks witnessed a notable uptick on April 2, spurred by reports indicating widespread price hikes implemented by cement companies, averaging between Rs 10-15 per bag across the nation. Leading players such as UltraTech Cement, Shree Cements, Ambuja Cements, ACC, and Dalmia Bharat all recorded gains ranging from one to three percent during trading sessions. … Read more
In the early trading hours of April 3, Ramco Cement’s shares experienced a marginal dip in value despite the company’s significant milestone of commissioning Line II and commencing commercial production at its existing grinding unit located in Haridaspur, within Odisha’s Jajpur district. As of 9:22 am, Ramco Cements was observed trading at Rs 853.50 on … Read more
Sunteck Realty’s stock witnessed a significant uptick during early trading on April 3, buoyed by the news of the company finalizing a long-term lease agreement for its second commercial property in Mumbai. At 9:16 am, Sunteck Realty was trading at Rs 432.00, reflecting a rise of Rs 2.30, or 0.54 percent. In a press release, … Read more
Aditya Birla Capital experienced a notable uptick of over 9 percent in morning trading on April 2, buoyed by brokerage firm Macquarie’s favorable initiation of coverage on the non-banking financial entity (NBFC). Macquarie’s endorsement, pegging Aditya Birla Capital with an “outperform” rating and a target price of Rs 230, served as a significant catalyst for … Read more
Consumer durables giants like Voltas and Havells India experienced a surge in their stock prices on April 2, propelled by Met Office warnings of an impending heatwave due to extreme weather conditions. Mrutyunjay Mohapatra, Director General of the IMD, indicated that temperatures are anticipated to surpass normal levels across most regions of the country from … Read more
In a significant development, SpiceJet’s shares witnessed a robust surge of over 2% as the airline moves closer to receiving a Q400 aircraft secured from Nordic Aviation Capital (NAC) under a comprehensive settlement agreement reached last year. This agreement, a significant milestone for SpiceJet, effectively resolves all prior liabilities associated with the Q400s leased by … Read more
Indian Renewable Energy Development Agency (IREDA) witnessed a significant 5% surge to hit its upper circuit in trading on April 2, buoyed by robust quarterly business updates. IREDA reported a notable achievement with the highest number of loans sanctioned, totaling Rs 37,354 crore for the financial year ending March 31, 2024. This marked a substantial … Read more
Tata Technologies experienced a notable 7% increase in its share price on April 2, subsequent to its announcement of a joint venture with BMW Group for the development of automotive software. At 10:25 am, Tata Technologies’ shares were trading at Rs 1,123.15, reflecting the positive market sentiment towards the collaboration. The stock’s all-time high stands … Read more
Aditya Birla Fashion & Retail (ABFRL) witnessed a remarkable 15% surge in its share price during intraday trading on April 2, following the announcement that the company’s board had authorized the management to explore the vertical demerger of its Madura Fashion & Lifestyle business into a separate listed entity. As of 09:55 am, Aditya Birla … Read more
Bharat Dynamics, a key player in the field of ammunitions and missile systems, witnessed a slight downturn in trading as its shares fell by nearly 1 percent at the open on the National Stock Exchange (NSE) on April 2. This decline followed the company’s announcement of a 5.6 percent decrease in its turnover for the … Read more
The trading floor witnessed an upswing as Uflex, a leading player in the packaging industry, saw its shares surge by an impressive 6% during the opening trade on April 2. This notable increase came in the wake of the company’s latest development: the successful commissioning of a CPP (Cast Polypropylene) film production line at its … Read more
TVS Motor Company, a leading player in the Indian automotive industry, marked a significant milestone with a robust 12% surge in its sales volume for March 2024. The company reported sales of 354,592 units, a notable increase from the 317,152 units recorded during the same period last year. Despite this impressive growth trajectory, the company’s … Read more
Tata Investment Corporation Ltd (Tata Inv) witnessed another robust trading session on March 28, with its shares hitting the upper circuit of 5 percent for the second consecutive day. The surge came amidst swirling speculations regarding a series of initial public offerings (IPOs) planned by the Tata conglomerate in the coming two to three years. … Read more
Shares of Bajaj Finance saw a significant surge of 4.5% on March 28, spurred by reports indicating that its subsidiary, Bajaj Housing Finance, was gearing up for an initial public offering (IPO) with an anticipated valuation of $9-10 billion. The robust performance of Bajaj Finance stocks propelled it to the position of the top gainer … Read more
In a significant development, shares of ICICI Securities, one of India’s leading brokerage firms, experienced a notable drop of over 4% following the approval of the company’s delisting proposal by shareholders. The decision paves the way for ICICI Securities to become a wholly-owned subsidiary of ICICI Bank. The outcome of the shareholder vote, released today, … Read more
On March 28, Chalet Hotels witnessed a notable 5% surge in its shares, building upon the momentum from the preceding session. This surge came in the wake of the company’s board of directors’ green signal for a fundraising initiative through a Qualified Institutional Placement (QIP). The floor price for this QIP has been firmly set … Read more
In response to an encouraging ‘buy’ rating from Motilal Oswal analysts, Titan’s share price experienced a modest uptick, reaching Rs 3,760 per share. This uptrend reflected the positive sentiment among investors following the endorsement from analysts, who highlighted Titan’s promising growth prospects. Motilal Oswal analysts set an ambitious target price of Rs 4,300, implying a … Read more
In morning trading on March 28, Biocon’s shares experienced a notable uptick of over 2% as the company received approval from the Medicines and Healthcare Products Regulatory Agency (MHRA) in the United Kingdom for its diabetes drug. The approval comes after Biocon filed for regulatory clearance for its complex formulation Liraglutide, a 6mg/ml solution for … Read more