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%…
The PG Group’s main company, PG Electroplast, saw its shares jump 5.50% to ₹1,002 in early morning trading on Tuesday, December 24 following the company’s partnership with Whirlpool. Through a regulatory filing on Monday, the firm notified investors that it had finalized a contract with Whirlpool of India (“Whirlpool”) for the contract manufacturing of a…
On Tuesday, December 24, the National Stock Exchange (NSE) prohibited trading in five equities in the futures and options (F&O) segment because they were over 95% of the market-wide position limit (MWPL). These equities will, nevertheless, be traded on the cash market. The list of securities in the F&O ban for trade is updated daily…
Tuesday morning trading saw a 5% increase in the share price of multi-bagger stock H.G. Infra Engineering. The business declined to enter into a purchase agreement with NTPC Vidyut Vyapar Nigam Ltd. for battery energy storage. Tuesday’s opening price of ₹1479.95 for H.G. Infra Engineering shares on the BSE was marginally higher than the closing…
In the morning trade on the BSE on Tuesday, December 24, several Tata Group stocks, including Tata Investment Corporation, Tata Technologies, and Tata Motors, saw notable increases due to rumours that the group is getting closer to launching the initial public offer (IPO) of its financial services division, Tata Capital. While Tata Technologies’ shares increased…
A prominent renewable energy company has signed a Memorandum of Understanding (MoU) with the Bihar government to create renewable energy projects throughout the state, marking a significant step towards sustainable development. This strategic partnership, an important stage in the state’s green energy transition, seeks to fully utilize Bihar’s renewable energy potential. Share Price Movement After…
The Securities and Exchange Board of India (SEBI) has issued 47 notices and an interim order against Bharat Global Developers Ltd., thus stopping trading in the company’s shares pending further instructions. Additionally, the capital markets watchdog has prohibited the company’s promoters from using the financial markets until further directives. Sebi issued its ruling after reviewing…
The share price of PTC Industries has been in base-building mode for about half a year. But as of the year-to-date (YTD) period, this Mukul Agrawal portfolio stock is still up 75%. Though it may bottom out around about ₹11,000 per share, PTC Industries’ share has seen modest buying activity each time it approached that…