On Thursday, January 2, Gujarat Toolroom’s shares stayed stuck in their 5 per cent upper circuit for the second straight session after the firm announced that a board meeting would be held to discuss the possibility of issuing bonus shares in a 5:1 ratio. During the trading day on Wednesday, the news was made. According…
Today, Transrail Lighting made its debut on the stock market, listed on the NSE at Rs 590, 37% higher than its initial public offering price of Rs 432 per share. The shares were listed on the Bombay Stock Exchange (BSE) at Rs 585.15 each. As the IPO was oversubscribed 81 times, the market debut is…
Monday saw a fall in Australian shares following three consecutive days of gains, as mining firms slumped on weak underlying commodity prices and index heavyweight banks pulled down. By 2334 GMT, the S&P/ASX 200 index had down 0.5% to 8,222.2 points in light year-end trade. Despite investor concerns over an uneven economic rebound in Australia’s…
As high Treasury rates challenged high Wall Street market valuations and supported the U.S. currency near multi-month heights, Asian shares dipped slightly on Monday. Volumes were low this week due to a very sparse data diary and the approaching New Year holiday. The U.S. ISM survey for December is scheduled for Friday, and China’s PMI…
The share price of Adani Energy Solutions has spent the entire year in the base-building phase. Due to an almost 25% decline in value, this Adani Group investment has produced no gains this year. However, according to Ventura Securities, the share price of Adani Energy Solutions has exited the base-building phase, and the stock of…
According to research, Adani Enterprises Ltd., the main business of the ports-to-energy conglomerate led by billionaire Gautam Adani, is expected to see net earnings increase by 45.8% and consolidated sales expand at a CAGR of 17.5% during the fiscal years 2023–2024 and 2027. The ports company Adani Ports & SEZ, the city gas distributor Adani…
The Securities and Exchange Board of India (SEBI), which oversees the capital markets, said on Friday, December 27, that the Indian Commodity Exchange Ltd. (ICEX) had its recognition revoked, officially indicating its departure from the stock exchange industry. Following the withdrawal of ICEX’s recognition more than two years ago, the regulator let the exchange leave…
Technology-driven engineering services and solutions provider Neilsoft has submitted draft documents to capital markets watchdog Sebi to raise money through an IPO. According to the draft red herring prospectus (DRHP) submitted on Thursday, the Pune-based company’s initial public offering (IPO) consists of an offer for sale (OFS) of 80 lakh shares by promoters and other…
The shares of Cochin Shipyard surged 5% and reached the upper circuit at Rs 1,539.05 following the placement of an order for eight harbour tugs worth Rs 450 crore by Adani Ports and SEZ. Still, the stock is 94% below its peak of Rs 2,979.45. Adani Ports’ shares, which were the biggest losers in the…
As international brokerage firm Jefferies began covering Sagility India with a “buy” rating and a target price of Rs 52, the company’s shares surged 5% in early trading today to reach its upper circuit and a new all-time high of Rs 46.09 on the BSE. The objective suggests that the stock might rise by 18%…