Abhinav Ranjan
Abhinav Ranjan
Motilal Oswal Financial Services has initiated coverage of Adani Enterprises with a 'Buy' rating and a target price of ₹3,880, implying a 25 per cent upside from the previous close of ₹3,112.
Under the share-swap ratio, Sapphire Foods shareholders will receive 177 shares of Devyani International for every 100 shares held in the former as of the record date, which will be announced later.
Omnitech Engineering, SEDEMAC Mechatronics, and Shadowfax Technologies shares have more than doubled investors' money compared with their IPO issue price.
MSMEs and SMEs account for nearly one-third of GDP, but they represent just 0.2 per cent of the country's overall equity market cap.
Groww Stock: According to data compiled by Bloomberg, about 126.2 million shares of the stockbroking company changed hands in two block trades.
Hindustan Zinc stock: Jefferies has raised the target price to ₹750 from ₹660 and retained a 'Buy' rating. The target implies an upside of 26 per cent from the previous close of ₹592.60.
Sunshine Pictures shares opened at ₹395.90 on the National Stock Exchange (NSE), up ₹35.90, or 9.97 per cent, over the IPO issue price of ₹360.
The buying momentum came after the logistics solutions provider announced that it had signed a pact with Japan-based Sankyu Inc to collaborate across supply chain and engineering services.
Skyways Air Services IPO review: Analysts have shared a constructive view, with Swastika and Ventura recommending a 'Subscribe' rating, while SBI Securities has maintained a 'Neutral' stance.
Rajesh Palviya of Axis Direct believes that following the January peak of 26,373, Nifty's valuation premium over emerging markets narrowed significantly, establishing a healthier starting point for H2
The Scheme of Arrangement proposes a share exchange ratio of 25 IHCL shares for every 117 Oriental Hotels shares, with completion targeted in the second half of FY2028.
Analysts attributed the rise in MCX shares to its leadership position in the commodity segment. Notably, MCX has maintained over 98 per cent market share by value in commodity derivatives.
Analysts attributed the weakness to capital market regulator Sebi's latest study, which showed a decline in active derivatives traders in FY26 following tightened regulations.
Tube Investments of India has acquired 20,64,713 shares of face value of ₹1 each of Shanthi Gears Ltd for about ₹77.49 crore. With this, Tube Investments' stake in SGL has increased to 73.16 per cent
Titagarh Rail Systems is an Indian railway wagon and coach manufacturer, with an annual manufacturing capacity of 12,000 wagons and 300 coaches.
Ambit Capital has initiated coverage on Dhoot Transmission with a 'Buy' rating and a target price of ₹1,598, implying an upside of around 14 per cent from the previous close of ₹1,404.
The board of Goodluck India has approved August 21 as the record date for determining the eligibility of the shareholders entitled to the issuance and allotment of bonus equity shares of the company.
Jefferies initiated coverage on Turtlemint Fintech Solutions with a 'Buy' rating and a target price of ₹190. The target implies a 37 per cent upside from the stock's previous close of ₹138.92.
Analysts believe that such high topline growth may be sustainable in the forthcoming quarter as demand continues to be strong.
IT Q1FY27 review: As per MOFSL, revenue growth in Q1 was led by Tier-2 pack IT services companies. Tier-1 players grew 0.4 per cent Q-o-Q CC, while Tier-2 players outperformed with 1.8 per cent growth