After the anchor investor lock-in period ended today, Swiggy’s share price fell more than 5% in early trading on Wednesday. Swiggy’s gains from the previous session were erased when the company’s shares fell as high as 5.07% to ₹515.95 per on the BSE. The one-month lock-in period for anchor investors concluded today, December 11, and…
CEAT’s stock price surged more than 10% to reach a new high following the company’s announcement that it had reached a final contract to buy Michelin’s Off-Highway construction equipment bias tyre and tracks business from Camso in an all-cash transaction worth roughly $225 million. The company will be acquired along with two manufacturing sites, worldwide…
The share price of Godrej Consumer Products fell 10% in early trading on Monday following the FMCG company’s poor mid-quarter business update, which highlighted demand difficulties. On the BSE, Godrej Consumer Products’ stock fell as much as 10% to ₹1,112.05 per share. “The demand conditions in India have been subdued for the past few months…
When One 97 Communications, the parent company of the fintech company Paytm, announced that it would sell its share of PayPay Corporation to SoftBank, its shares surged more than 3% to a new 52-week high of ₹1,007 on Monday, December 9. The board of One97 Communications Singapore Private Limited, Paytm’s wholly-owned subsidiary, approved the sale…
After the Anil Ambani-owned company stated that its subsidiary Samalkot Power had settled a credit default, Reliance Power’s share price increased by more than 3% on Monday. On the BSEt, shares of Reliance Power increased by as much as 3.41% to ₹46.00 each. Reliance Power reported that Samalkot Power Ltd., one of its subsidiaries, had…
Vodafone Idea Limited (VIL) ‘s board meets today, December 9, to discuss a ₹2,000 crore fundraising request, putting the company’s stock in the spotlight. The conference, set for December 9, 2024, will concentrate on raising money through the preferential issuing of convertible securities or equity shares. Entities connected to the Vodafone Group, one of VIL’s…
WuXi AppTec Co. and WuXi Biologics Cayman Inc., two Chinese biotech service providers, saw their stock jump Monday after a draft US bill that would have eliminated their pivotal position in worldwide drug research lost its final significant window for enactment this year. Early Monday trading in Hong Kong saw a 12% increase in WuXi…
Vodafone Idea’s share price increased significantly by 4.5% during Thursday’s early trading. The board will meet on December 9 to discuss raising money. The price of Vodafone Idea’s shares began at ₹8.79 on the BSE on Thursday, up 4.5% from Wednesday’s closing price of ₹8.41. Since November 22, the price of Vodafone Idea shares has…
On Wednesday, December 4, Indraprastha Gas Ltd (IGL), a prominent city gas distributor (CGD), declared that at its next board meeting on December 10, 2024, it will contemplate releasing a bonus issue of shares. At the next meeting, the IGL board is anticipated to decide on the bonus issue’s record date. “This is to inform…
On December 4, Swan Energy’s shares jumped 15.40 per cent during intraday trading, reaching a three-month high of ₹728.70 a share before ending the day with a 12.34 per cent gain at ₹709 per share. The stock gained 53% in just six weeks as a result of this rally. According to a declaration submitted on…