The pricing range for the Enviro Infra Engineers Limited initial public offering (IPO) has been set between ₹140 and ₹148 for each equity share with a face value of ₹10. The Enviro Infra Engineers’ initial public offering (IPO) subscription period is set for Friday, November 22, and will end on Tuesday, November 26. On Thursday,…
Global investment bank Morgan Stanley has maintained a cautiously selective outlook on the Indian chemical sector, noting continued market constraints. The firm identified pricing constraints and weak demand as the main obstacles affecting the sector’s short-term growth. Morgan Stanley lowered its target price from Rs 3,295 to Rs 3,000, reflecting weaker expectations amid sector-wide headwinds,…
Bharti Airtel’s stock is expected to stay in the spotlight today because the business has given the Finnish telecom equipment provider Nokia a multi-year, multi-billion dollar contract to install 4G and 5G equipment in important Indian cities and states. “Nokia has been awarded a multi-year, multi-billion extension deal by Bharti Airtel (‘Airtel’) to deploy 4G…
After JSW Steel announced that it had been selected as the preferred bidder for Codli Mineral Block XII in Dharbandora, Goa, the company’s shares dropped 1% to their day’s low of Rs 937.25 on the BSE. “The company is declared as ‘Preferred Bidder’ with the highest final offer price at 92.60% of the value of…
After the Union Finance Ministry updated guidelines for dividend payments, share buybacks, and stock splits at state-run businesses to enhance capital management and support the performance of their stocks, several PSU stocks, including Indian Railway Finance Corporation (IRFC), Bharat Heavy Electricals (BHEL), and Power Finance Corporation (PFC), saw robust increases, rising as much as 6%…
After receiving an upgrade from Morgan Stanley, Suzlon Energy’s shares jumped 5% to reach the upper circuit at Rs 62.37 on Tuesday. The international brokerage changed the stock’s rating from “Equal-weight” to “Overweight,” indicating a chance to purchase following the recent downturn. Previously set at Rs 78, the goal price was lowered to Rs 71….
According to a report by Axis Securities, the top 15 large-cap stocks that have produced the highest dividend yield over the past 12 months are Bharat Petroleum Corporation (BPCL), Vedanta, Coal India, Hindustan Zinc, Indian Oil Corporation, Oil and Natural Gas Corporation (ONGC), Power Grid Corporation of India, GAIL India, ITC, HCL Technologies, Hero MotoCorp,…
With 118% gains so far this year and over 130% in the past year, Zomato Stock has provided investors with multi-bagger profits. Experts, however, predict a 45% increase in this multibagger stock. Here’s why. Strong Q2 Results Zomato has performed well in the second quarter; the company’s Q2FY25 net profit rose 389% to ₹176 crore…
As Russia’s war against Ukraine intensified and Iran committed to cease producing uranium enriched near the level needed for nuclear weapons, oil fluctuated between gains and losses. After Ukrainian forces used Western-supplied missiles to launch their first attack on a Russian border territory, West Texas Intermediate fluctuated around $69 per barrel. President Vladimir Putin’s approval…
In early morning trading on Tuesday, November 19, shares of Ashoka Buildcon, a business that builds infrastructure and works on an EPC and BOT basis, increased by 7% to ₹245 per share. The stock rose after the company announced that it had received orders totalling ₹2,791 crores from the National Highways Authority of India (NHAI)….