Markets News
Godavari Biorefineries shares jump over 11% intraday on US expansion plan
Godavari Biorefineries share price rose to the highest level in over two months on BSE. It closed 8 per cent higher at ₹290.5 per share
 "Godavari Biorefineries shares jump over 11% intraday on US expansion plan")
Stock Market Close: Sensex ends 116 pts lower; Nifty at 26,142; Oil & Gas, IT, pharma top losers
Sensex Today | Stock Market Close Highlights: On BSE, Trent, UltraTech Cement and Maruti were top gainers. On the flipside, Tata Motors PV , Sun Pharma and Asian Paints were the top drags.
 "Stock Market Close: Sensex ends 116 pts lower; Nifty at 26,142; Oil & Gas, IT, pharma top losers")
Hindustan Copper share price rises to over two-decade high; should you buy?
The counter rose 7 per cent to ₹436.50, the highest level since November 12, 2010, on the National Stock Exchange, according to data on Bloomberg
 "Hindustan Copper share price rises to over two-decade high; should you buy?")
Canara HSBC Life Insurance hits new high, up 20% in 3 days on huge volumes
Canara HSBC Life Insurance Company stock hit a new high at ₹153 on Wednesday and has now gained 44 per cent when compared with its issue price of ₹106 per share.
 "Canara HSBC Life Insurance hits new high, up 20% in 3 days on huge volumes")
E to E Transportation IPO opens Dec 26; GMP at 75%: Check key details here
E to E Transportation IPO is being offered at a price band of ₹164 to ₹174 per share, with a lot size of 800 shares
 "E to E Transportation IPO opens Dec 26; GMP at 75%: Check key details here")
PL Capital hikes Adani Ports target on NQXT acquisition; retains 'Buy'
PL Capital maintained 'Buy' as it builds in stronger volumes and margins following the acquisition of North Queensland Export Terminal (NQXT)
 "PL Capital hikes Adani Ports target on NQXT acquisition; retains 'Buy'")
City Union Bank zooms 101% from April low; hits new high; upside left?
In the past three months, City Union Bank shares have rallied 40 per cent, as compared to a 4.7-per cent rise in the BSE Sensex
 "City Union Bank zooms 101% from April low; hits new high; upside left?")
Castrol India rallies 9% as BP plans to sell 65% stake to Stonepeak
Castrol India shares rose after global oil giant BP reached an agreement to offload a 65 per cent stake in Castrol at an enterprise value of $10 billion
 "Castrol India rallies 9% as BP plans to sell 65% stake to Stonepeak")
Investors flock to Shyam Dhani IPO as subscription hits 556x; GMP near 90%
Shyam Dhani IPO received bids for 2.19 billion shares against 3.93 million shares on offer, translating into an overall subscription of 556 times
 "Investors flock to Shyam Dhani IPO as subscription hits 556x; GMP near 90%")
Vikran Engineering skyrockets 15% on deal win, ratings upgrade; details
Vikran Engineering share price rose on the back of a ₹2,035-crore deal win, along with ratings upgrade from Infomerics Valuation and Rating.
 "Vikran Engineering skyrockets 15% on deal win, ratings upgrade; details")
GK Energy shares jump 5% on receiving LoE amendment for solar pumps
GK Energy rose after it secured an amendment to its Letter of Empanelment from Maharashtra State Electricity Distribution Co for the supply of off-grid DC solar photovoltaic water pumping systems
 "GK Energy shares jump 5% on receiving LoE amendment for solar pumps")
Antique reaffirms 'Buy' on Jindal Steel; expects expansions to fuel profit
The brokerage believes that cost efficiencies from increased captive coal, a slurry pipeline, and higher captive power generation will support margins
 "Antique reaffirms 'Buy' on Jindal Steel; expects expansions to fuel profit")
Stocks with price-volume breakout: Ajanta Pharma, JBMA, Manappuram Finance
Ajanta Pharma, JBMA Auto and Manappuram Finance have seen strong price action backed by heavy trading volume in Wednesday's trading session.
 "Stocks with price-volume breakout: Ajanta Pharma, JBMA, Manappuram Finance")
Sundaram Finance vs Poonawalla Fincorp: Here's what market experts say
Sundaram Finance has a strong proven track-record, while Poonawalla Fincorp is shaping up in the right direction, believe analysts.
 "Sundaram Finance vs Poonawalla Fincorp: Here's what market experts say")
Granules surges 18% in 1 month; why pharma stock hits 52-week high today?
Granules India plans to raise up to ₹1,762 crore from promoter, and non-promoter groups through a mix of convertible warrants and preferential issue of equity shares.
 "Granules surges 18% in 1 month; why pharma stock hits 52-week high today?")
Gujarat Kidney IPO closes today; subscription up 4x, retail investors lead
Gujarat Kidney IPO received bids for 49.16 million shares, compared to the 13.22 million shares available, resulting in an overall subscription rate of approximately 3.7 times
 "Gujarat Kidney IPO closes today; subscription up 4x, retail investors lead")
Why did Blue Cloud Softech Solutions share price rise 3% in trade today?
Blue Cloud Softech Solutions' share price rose today after the company announced a strategic Memorandum of Understanding (MoU) with ConnectM Technology Solutions.
 "Why did Blue Cloud Softech Solutions share price rise 3% in trade today?")
Asian markets rise as S&P 500 hits record on strong US economic growth
Trading in Asia was thin, with many global markets due to be closed on Thursday for Christmas
 "Asian markets rise as S&P 500 hits record on strong US economic growth")
Ajanta Pharma hits over 5-month high after partnering with Biocon
Ajanta Pharma share price rose as it has entered into an in-licensing agreement with Biocon Limited for the right to market Semaglutide
Thirumalai Chemicals rises to 1-month high post preferential allotment
Thirumalai Chemicals share price advanced on Wednesday as the company raised ₹56.14 crore via allotment of preferential shares to the promoter group
 "Thirumalai Chemicals rises to 1-month high post preferential allotment")
