Metal stocks like NMDC, Vedanta and SAIL among others surged up to 5% in today’s intraday session, defying the broader market sentiment, still supported by China’s stimulus measures. Shares of NMDC surged 5% to day’s high of Rs 247 while NMDC Steel shares went up by 4.5% to Rs 55.22. Vedanta’s shares jumped 2% to … Read more
BofA bought 6.7 lakh shares in Exxaro Tiles Limited through its European subsidiary BofA Securities Europe SA on Tuesday at a price of Rs 6.4 crore via block deal. The price it paid for each share of this smallcap counter was Rs 96.22. The stock today ended at Rs 95.90 on the NSE, gaining by … Read more
Market regulator Securities and Exchange Board of India (Sebi) has reduced the time taken for credit of bonus shares and their eligibility for trading to two days from the record date. In a circular issued on Monday, Sebi enabled T+2 trading of the bonus issue which means that the shares allotted in the bonus issue … Read more
Billionaire Rajiv Jain-backed GQG Partners on Friday hiked its stake in Patanjali Foods by acquiring a 1.24 per cent holding from promoter group entity Patanjali Ayurved Ltd for about Rs 835 crore through an open market transaction. According to the bulk deal data available on the NSE, US-based asset management firm GQG Partners purchased 45.03 … Read more
Goldman Sachs bought over 13 lakh shares in Arvind Fashions via block deal on Wednesday at a cost of Rs 75.35 crore. The American multinational investment bank and financial services company bought Arvind Fashion’s shares at a price of Rs 574.73 per share via Goldman Sachs Funds – Goldman Sachs India Equity Portfolio. This is … Read more
Ethanol plants manufacturer Regreen-Excel EPC India Ltd has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO). The company’s initial share-sale comprises a fresh issue of equity shares worth Rs 350 crore and an offer-for-sale (OFS) of 1.14 crore equity shares by promoters, according to the draft … Read more
Shares of Premier Energies have skyrocketed 181% since their stock market debut, rising from their initial public offering (IPO) price of Rs 450, the stock is fueled by the positive investor sentiment on the growth prospects of the company. The company’s shares had surged another 5% in the intraday session, reaching a new all-time high … Read more
The shares of Baazar Style Retail debuted flat on the exchanges on Friday, below the pre-listing expectations. The stock then surged marginally to close 3% higher to IPO price on the first day. The shares of the company ended at Rs 399.65 or 2.74% higher at close of trade. As a leading one-stop shop in … Read more
The share price of Vodafone Idea dropped by 14% on Friday, reaching a low of Rs 12.91 from the previous day’s close of Rs 15.09. This decline followed a target price of Rs 2.5 set by global brokerage firm Goldman Sachs, which also signaled a potential downside of up to 83%. Based on the recent … Read more
Retail investors willing to hold General Insurance Corporation (GIC) for at least three years could buy the shares in the ₹4,701-crore offer for sale (OFS) – a route through which promoters sell their stakes – on Thursday. Analysts said investors looking for immediate gains could wait for a breakout before buying the shares. The two-day … Read more
