Back in January 2008, after hitting a high of ₹242, the NTPC Ltd stock fell out of favour with investors, just ahead of the initial public offering (IPO) of Reliance Power. What then followed seemed like a never-ending lull until recently. Over the past one year, NTPC’s shares have more […]
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Brokerage firm Jefferies has initiated coverage on GMR Airports Infrastructure Ltd, giving a ‘Buy’ rating with a target price of ₹100. The price target suggests a possible increase of 15% from the current levels. Jefferies says that GMR Airports is transitioning from a utility model to a retail consumption focus, […]
Aimtron Electronics IPO: The price band for the Aimtron Electronics IPO has been set at ₹153-161 a share. The Aimtron Electronics IPO will become available for subscription to investors om Thursday , 30 May, 2024 and will close on Monday 3 June 2024. Issue Size Aimtron Electronics Initial public offering […]
The brokerage said that the country’s wind capacity installations are on track to rise to 8–9 GW by FY27, given the government’s insistent thrust and traction from commercial and industrial demand. The brokerage said that the company has faced turbulence in the past due to weak demand and high debt, […]
According to the Red Herring Prospectus (RHP), the firm primarily serves the power engineering and distribution sectors. Their offerings, which include slit coils, CRGO laminated core, and CRGO core, are among the most crucial components of various power, distribution, and other current transformer types. A transformer’s core is a crucial […]
One clear indicator of this is that the net value of the marketwide options’ open position plunged from ₹4.96 trillion on 7 May to ₹91,149 crore on 24 May, a day ahead of the sixth phase of the election. The last phase of voting will be held on 1 June, […]
Nazara Technologies share price rallied over 11.50 per cent on Monday to ₹685 per share, hitting 52-week high after the company said that the promoter Mitter Infotech sold 6.38 percent stake to Plutus Wealth Management through a block deal, on May 27. Plutus Wealth Management has been a pre-IPO investor […]
The Midcap index outperformed the Nifty 50, with the Nifty Midcap 50 closing 0.83% up. Small cap stocks also outperformed the Nifty 50, as the Nifty Small Cap 100 ended at 16,883.0, up by 136.65 points and 0.81% higher. The Nifty 50 has provided the following returns: – In the […]
The total selling by FPIs in the domestic equities since the beginning of 2024 amounted to over ₹19,000 crore so far, as per data available on National Securities Depository Ltd (NSDL). Meanwhile, the highest FPI outflows was seen in the financial services stocks worth ₹9,687 crore during the first fortnight […]
According to BSE data today, bids have been received for 43,44,62,340 shares of the 86,29,670 shares that were offered in the Awfis Space Solutions IPO, which opened for subscription on Wednesday, May 22. The portion for retail investors has fetched 41.50 times subscription, while the quota for non-institutional investors has […]