Nova Agritech, a prominent name in the agricultural sector, made a remarkable entrance into the stock market, with its shares experiencing a significant surge upon listing. On the National Stock Exchange (NSE), the company’s shares opened at ₹55 each, marking a notable increase of 34.1% over its initial public offering (IPO) price of ₹41. The … Read more
EPACK Durable witnessed a lackluster debut on the stock exchanges as its shares opened at a 4% discount, starting at ₹221 on the National Stock Exchange (NSE). This marked a 3.9% decline from the issue price of ₹230. The Bombay Stock Exchange (BSE) also reported a drop, with EPACK Durable shares listed at ₹225 apiece, … Read more
Indian real estate experienced a significant shift in investment patterns in 2023, according to a report by Vestian, a real estate consulting firm. The sector witnessed a 30% reduction in foreign investment, amounting to $2.73 billion, compared to the previous year. Contrarily, there was a substantial increase in domestic investments, which more than doubled, reaching … Read more
Bhagyanagar India Limited has recently disclosed its financial results for the third quarter of the fiscal year 2024, a period spanning from October to December. The company’s latest earnings report indicates a notable shift in its financial performance compared to the same quarter in the previous year. For the quarter under review, Bhagyanagar India Limited … Read more
Fonebook, a prominent retailer in the mobile phone and accessories sector, is currently in the midst of its Initial Public Offering (IPO). The company, known for offering a wide array of smartphones and related accessories from various well-known brands, is issuing shares worth Rs 20.37 crores. Fonebook IPO Pricing and Investment Details The IPO’s price … Read more
Adani Power Limited (APL) has announced a significant surge in its consolidated net profit, reaching ₹2,738 crore for the third quarter ending December 31, 2023. This is a substantial increase compared to the ₹8.8 crore net profit reported in the same quarter of the previous year, as per the company’s recent regulatory filing. This remarkable … Read more
Man Infraconstruction Ltd recently secured Rs 543.21 crore through the issuance of warrants on a preferential basis, leading to a significant surge in its stock price. This strategic move, approved by the company’s allotment committee, involved distributing 3,50,46,100 warrants at Rs 155 each to non-promoter category investors, as disclosed in a recent exchange filing. The … Read more
Tech Mahindra, a prominent IT player, has disclosed a notable 60% decrease in net profit, amounting to ₹510.4 crore for the quarter concluding in December 2023. This marks a substantial downturn from the ₹1,296.6 crore reported in the corresponding period the previous year and ₹493.9 crore in the preceding quarter. The company’s revenue from operations … Read more
Zee Entertainment Enterprises (ZEEL) finds itself entangled in a legal battle, as it has initiated legal action against Culver Max Entertainment (formerly Sony Pictures India) following the termination of a substantial $10 billion merger deal. The dispute has escalated to the National Company Law Tribunal (NCLT), where Zee seeks directives to reverse the termination of … Read more
Groww, the online financial services platform, encountered a significant disruption during intraday trading on Tuesday, leading to an outage lasting nearly an hour. Numerous Groww app users expressed frustration as they found themselves unable to log in, resulting in potential financial losses. In response to the widespread issue, Groww promptly issued an apology, acknowledging the … Read more