Granules India shares plunged over 16 percent during intraday trading on Thursday, September 12, following the company’s announcement that the USFDA’s inspection of its Gagillapur FD facility, conducted from August 26 to September 6, 2024, concluded with six observations. In response, the company issued a statement to reassure concerned investors, emphasizing its commitment to resolving … Read more
The initial public offering (IPO) of My Mudra Fincorp, which opened today, received a healthy response from investors, with the IPO being subscribed 5.77 times. Retail investors showed particularly high interest, as their portion was subscribed to 5.95 times. The non-institutional investor (NII) portion and QIB was also well-received, with a subscription rates of 3.58 … Read more
Ola Electric Mobility, India’s leading two-wheeler electric vehicle manufacturer, has seen its shares continue to decline in recent sessions after an initial strong surge after listing. In today’s trading, the stock dropped 3% to ₹110 per share, marking the sixth consecutive session of losses. As a result, the stock is currently trading 30% below its … Read more
Equity benchmarks rebounded strongly as concerns about a US recession diminished, buoyed by the latest economic data. The Nifty index gained over half a percent in today’s trading session, following a 0.13 percent rise in the previous session and a 1.65 percent rally on Friday. ICICI Direct Technical Outlook – Nifty ICICI Direct’s technical analysis … Read more
The initial public offering (IPO) of Interarch Building Products has seen robust demand from both retail and non-institutional investors on its first day of bidding. The IPO, which opened today and is set to close on Wednesday, August 21, was fully subscribed just hours after the bidding began. By 3:30 p.m., the IPO had received … Read more
One slow afternoon, Bertie’s winsome private banker Natasha called. Ever since he read ‘Where are the customers’ yachts?’, Bertie avoids private bankers. But his curious disposition made him want to hear about the latest fad that the Rolexes were peddling. “Hey Bert” Natasha lilted. “Long time na!” Bertie mumbled something about being busy. “Poor boy! … Read more
As a prominent player in the Indian luggage industry with over five decades of experience, VIP Industries is currently navigating challenging times due to increasing competition despite the rising demand for luggage products. The Indian luggage market has seen consistent growth in recent years, driven by factors such as increased domestic and international travel, higher … Read more
Domestic brokerage firm Kotak Institutional Equities, in a recent report, reiterated its bearish stance on NHPC following the company’s mixed performance in the quarter ending June. The brokerage maintained its ‘sell’ rating on NHPC, setting a target price of ₹68, which suggests a potential downside of 31% from the stock’s recent closing price of ₹98.80. … Read more
Shares of V-Mart Retail soared almost 10 percent to their 52-week high on Thursday, extending gains for the second straight session after the firm posted robust results for the quarter ended June 2024 (Q1FY25). The stock rose as much as 9.8 percent to its 52-week high of ₹3,820 in today’s deals after a 6.66 percent … Read more
After experiencing three consecutive sessions of losses, Indian markets saw a rise of around one percent on Wednesday. This recovery was driven by a broad-based rally supported by positive global cues and the government’s proposal to restore indexation benefits on property sales, which boosted investor sentiment. Additionally, markets are keenly awaiting the Reserve Bank of … Read more