The Business Standard's Smart Investor (SI) reports focus on in-depth analysis and timely news concerning strategic investment trends, business deals, and financial manoeuvres within the corporate world.
The Business Standard's Smart Investor (SI) reports focus on in-depth analysis and timely news concerning strategic investment trends, business deals, and financial manoeuvres within the corporate world.
The company proposed to issue up to 21.57 million equity shares to institutional investors fixes floor price of Rs 80 per share.
The broader markets gained with mid-caps and small-caps rising nearly 0.3% on the BSE.
The promoters had received bids for 3.4 million shares against 5 million shares offered for sale.
Q4 profit up 37% at Rs 377 crore on sequential basis on the back of acquitsions and new deals.
The broader markets gained with mid-caps and small-caps rising nearly 0.3% on the BSE.
The promoter of the company plans to sell 4.43 million equity shares at a floor price of Rs 2,275 per share today.
The markets are likely to remain lacklustre with a positive bias in trade today tracking global cues
Markets slipped in late trades on Tuesday, amid weak European cues, weighed down by profit taking in auto and select bank shares.
Markets recovered in late trades on Tuesday led by gains in index heavyweights Reliance Industries and Infosys.
IDBI Trusteeship Services released over 223.14 million shares pledged shares of Adani Power. T
Auto stocks have witnessed profit taking after recent gains. Tata Motors, Hero Moto Maruti Suzuki and M&M have slipped between 1-3%.
The stock has outperformed the market by gaining 8% post Q1 earnings compared to 2.3% rise in benchmark Sensex.
The company has garnered three large value projects each of around Rs 200 crore from Railways in the second half of the last year.
A fresh 34.99 million shares allotted to QIBs are admitted to trading with effect from today.
Markets have pared early gains and are trading marginally lower weighed down by profit taking in auto shares.
The promoters proposes to sell 5 million equity shares at floor price of Rs 148 per share today.
Broader markets trade flat; IT shares gain while auto, realty indices dip
The board has also approved sub-division of the face value of Rs 5 each to Rs 2 each.
Q4 consolidated profit down 17% yoy at Rs 181 crore due to foreign exchange loss.
Banks and Auto shares among key stocks in the red; broader markets also lacklustre