Market News

McLeod Russel share price hits a 52-week high amid bulk deal by Altius Finserv

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The price of McLeod Russell’s stock rose by about 5% today, hitting a 52-week high during Tuesday’s trading session. This spike came after Altius Finserv Private bought 12 lakh shares of McLeod Russell India in bulk on December 2 for an average price of ₹39.87. However, after a strong start due to profit booking, the

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India’s GDP shocker seen adding to troubles for stock market

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Many were taken aback by India’s gross domestic product (GDP) numbers for the current fiscal year’s July–September quarter. At 5.4%, the Q2FY25 GDP growth rate was the lowest in almost two years. Although the economy grew by 6.7% in Q1FY25, India’s GDP rose by an amazing 8.1% in the same quarter last year. Notably, for

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Wall Street Holiday: Nasdaq, NYSE to remain closed on these days in December

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The US financial markets will be closed on Wednesday, December 25, and early on Tuesday, December 24, in observance of the Christmas holiday. Both the Nasdaq Stock Exchange and the New York Stock Exchange (NYSE) will be closed on December 25th, per the Securities Industry and Financial Markets Association (SIFMA) and the official Nasdaq holiday

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Adani Green shares rises 9%: Key Factors driving 50% gains in 4 sessions

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The price of Adani Green Energy’s stock increased by as much as 9% during Monday’s early trading. In addition to gains in the previous three sessions, the stock increased by about 50% in the previous four. Monday’s opening price of ₹1364.00 for Adani Green Energy shares on the BSE was about 3% higher than the

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Everything You Need To Know About Abha Power and Steel IPO Day 3: GMP, Price Band, & More

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Subscriptions for Abha Power and Steel’s initial public offering (IPO) began on November 27 at a fixed issue price of ₹75 per share. Due to robust buying activity from individual investors, the IPO easily survived the first day. On Friday, November 29, the maker of iron and steel products will complete its public offer for

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Bumper Debut: Rajesh Power Services lists at ₹636, 90% premium over IPO price

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On Monday, December 2, Rajesh Power Services made a spectacular market debut when its shares were listed on the BSE SME at ₹636 each, which represents a 90% premium over the issue price of ₹335. Following the listing, the stock increased even more, hitting ₹668.30, over 100% higher than the IPO price. Investors responded favourably

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C2C Advanced Systems IPO allotment to be out soon. GMP, steps to check status

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The C2C Advanced Systems IPO allotment status is expected to be released today, November 29. Investors are eagerly anticipating it following a record-breaking demand for the public offering. After the C2C Advanced Systems IPO allocation is finalized, applicants can check their allotment status online via Link Intime India Private Limited, the registrar’s website. Steps to

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ZEEL stock up 6% as shareholders reject Punit Goenka’s reappointment as director

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The share price of Zee Entertainment Enterprises (ZEEL) increased by more than 6% to ₹132.15 on Friday, November 29, following the rejection of a proposal by shareholders to re-appoint Punit Goenka as a director of the business. On November 28, 2024, at the company’s 42nd Annual General Meeting (AGM), the decision was made. The resolution

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