Nova Agritech, a leading agri-input manufacturer specializing in soil health management, crop nutrition, and crop protection products, came out with an IPO. The Rs 144 crore issue, comprising fresh equity issue of Rs 112 crore and an offer-for-sale (OFS) of 77.58 lakh shares, opens today and closes on January 25.Ahead of the IPO opening, the … Read more
Mumbai: Shares of software company Oracle Financial Services Software (OFSS) soared over 27% on Thursday to all-time highs as traders mounted bullish derivative bets after the company’s third-quarter results beat expectations. Though the stock may be overbought, analysts remain optimistic about the company’s prospects of record deal wins in a global economic environment that has … Read more
Mumbai: Tata Consumer Products Ltd (TCPL) is set to announce a ₹3,500 crore rights issue after seeking board approval to fund its acquisitions of Capital Foods and Organic India pegged at ₹7,000 crore. The company, which announced the deals late last week, can move beyond commodities into fast-growing, high-margin, value-added food segments with the strength … Read more
Tesla shares dropped in trade after the carmaker said its lone European factory will be disrupted by attacks in the Red Sea. It also cut car prices in China. The company reduced starting prices of the Model 3 sedan by 5.9% to 245,900 yuan ($34,300) and marked down the Model Y sport utility vehicle by … Read more
Mumbai: Creditors to Gayatri Projects (GPL), promoted by former Rajya Sabha MP T Subbarami Reddy, have voted to initiate liquidation proceedings against the company after rejecting the only bid from private equity fund Mark AB Capital Investment LLC, people familiar with the matter said. Mark AB was offering a total of ₹650 crore, of which … Read more
Mumbai: Shares of Zee Entertainment Enterprises dropped 8% on Tuesday – the sharpest single-day fall in nearly three years – on reports that Sony Group may call off the proposed merger between the two, even though the company has denied it. “We wish to reiterate that the company is committed to the merger with Sony … Read more
Mumbai: Goswami Infratech, a Shapoorji Pallonji group company, is facing a surge in bond yields by as much as 200 basis points to 19% due to concerns about a potential breach of a covenant on the sale of assets, three people aware of the development told ET. The company had initially raised ₹14,300 crore for … Read more
After a record subscription for the IPO, shares of Kay Cee Energy and Infra listed on the NSE SME platform on Friday with a bumper premium of 366.7%. The stock was listed at Rs 252, compared with an issue price of Rs 54. The public offer of Kay Cee Energy and Infra was subscribed 959 … Read more
Shares of AIK Pipes And Polymers listed at a premium of 12.36% on the BSE SME platform on Tuesday. The stock debuted at Rs 100 as against an issue price of Rs 89. Ahead of the listing, the company’s shares commanded a premium of Rs 5 in the unlisted market. The Rs 15 crore IPO … Read more
Mumbai: Hero MotoCorp rose 2.9% to an all-time closing high of ₹4,174 in Thursday’s trading, as the recent bullish wave has resulted in a technical breakout in stock, opening the likelihood of further gains of as much as 56% from current levels. Analysts are recommending investors to buy the stock on dips as business prospects … Read more
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