Public Sector Undertaking (PSU) stocks have notably declined following the Union Budget 2024, as the government did not introduce any changes to the previously outlined capital expenditure (capex) plans in the interim budget. Amid this backdrop, stocks from the defence, power, and railways sectors, which had surged significantly following the […]
Capital markets regulator Securities and Exchange Board of India (SEBI) has directed the Indian stock exchanges to exercise extra caution when approving documents for initial public offers (IPOs) of small and medium enterprises (SMEs). According to a report by the news website Moneycontrol, the capital market watchdog has told the […]
With the Sensex triumphantly breaching the 80,000-mark in nine straight sessions, the market’s robust performance begs the question: which business conglomerates have reaped impressive returns for their shareholders? India’s business landscape is ruled by a league of giants and these top conglomerates, spanning diverse sectors, wield immense influence and contribute […]
The shares of Suzlon Energy rallied over 2.21 per cent on Thursday’s trading session to ₹62.01 after brokerage firm JM Financial raised the target price for Suzlon Energy’s stock to ₹71 from the previous ₹54, following the company’s impressive performance in the first quarter ended June 2024. “We believe that […]
The Union Budget 2024 seems to have failed to boost domestic market sentiment, which has been cautious due to concerns over rich valuation, mixed Q1 earnings and uncertainty over the beginning of the rate cut cycle in the US. The Nifty 50 has been down for the last five consecutive […]
The Esprit Stones initial public offering (IPO) subscription period opened on Friday, July 26 and ends on Tuesday, July 30. Esprit Stones IPO is priced at ₹82–87 per share, with a ₹10 face value. At least 1600 shares are up for bid, and multiples of those are also available. A […]
Larsen & Toubro Ltd’s stock shot up more than 2.5% on Thursday after its consolidated Ebitda increased 15% year-on-year to ₹5,615 crore in the June quarter (Q1FY25), slightly above Street estimates. Profitability was led by robust execution of international projects, while domestic ones remained subdued. The strong pipeline of orders […]
RNFI Services IPO Allotment Update: After receiving a robust response from investors during the bidding period from July 22 to July 24, attention now turns to the allotment procedure for RNFI Services. The allotment for the RNFI Services IPO is expected to be finalised today. Investors can monitor their allotment […]
Shares of Zee Entertainment Enterprises (Zee) have delivered disappointing returns for investors both recently and over the long term. In 2024 alone, the stock has plummeted by 50 percent, marking a significant erosion of investor wealth. Over the past year, the decline stands at 42 percent, illustrating a challenging period […]
Apollo Micro Systems shares have been on an uptrend for the last two straight sessions. The defence and aerospace stock has been touching the upper circuit for the previous two sessions after the company board declared the allotment of preferential shares worth ₹264 crore. Apollo Micro Systems share price today […]