Page 136 - Bse Nse

Block deal: CE Info Systems drops 6% as promoter likely sells 1% stake

Shares of CE Info Systems dropped by 6 per cent at Rs 2,271 per share on the BSE in Wednesday's intraday trade.

Stocks in focus today: M&M Fin, Akme Fintrade, Adani Ports, IDBI Bank

Stocks to watch on June 26: Vivek Karve has resigned as CFO of M&M Financial Services and Financial Services to pursue other interests

NTPC board to consider raising up to Rs 12,000 cr via bonds on Jun 29

State-owned power giant NTPC on Tuesday said its board on June 29 will consider a proposal to raise up to Rs 12,000 crore through the issuance of bonds. The board of directors is scheduled to meet in New Delhi on Saturday, June 29, to consider issue of "secured/ unsecured, redeemable, taxable/tax-free, cumulative/noncumulative, non-convertible debentures up to Rs 12,000 crore", subject to approval of shareholders in the ensuing Annual General Meeting, a BSE filing said. NTPC is India's one of the leading power-generating companies. Total Income of the NTPC group for FY24 was Rs 1,81,166 crore against Rs 177,977 crore in the previous year. The PAT of the group for FY24 was Rs 21,332 crore against the previous year's PAT of Rs 17,121 crore, registering an increase of almost 25 per cent. The company recently told analysts in a concall that it has various capital expenditure projects such as ongoing projects and new capacity addition programs including Flue Gas Desulphurisation (FGD) ..

Ahead of IPO, Vraj Iron and Steel pockets Rs 51 cr from anchor investors

Vraj Iron and Steel on Tuesday said it has raised a little over Rs 51 crore from anchor investors a day before its initial share sale opening for public subscription. Those who have been allocated shares are -- Volrado Venture Partners Fund IV, Capri Global Housing Finance, Ashika Global Securities, Rajasthan Global Securities, Leading Light Fund VCC - The Triumph Fund and Astorne Capital VCC-Arven, according to a circular uploaded on the BSE website. Vraj Iron and Steel has allotted 24,78,259 equity shares to six anchor investors at Rs 207 apiece, aggregating the transaction size to Rs 51.30 crore, it added. The Rs 171-crore initial public offering (IPO) is entirely a fresh issue of equity shares with no offer-for-sale component. Shares will be available for public subscription in the range of Rs 195 to Rs 207 per scrip during June 26-28. The company will use the IPO proceeds for expansion projects at the Bilaspur facility and general corporate purposes. Raipur-based Vraj Iron

Tata Motors ties up with Bajaj Finance for commercial vehicle finance

Tata Motors on Tuesday said it has partnered with Bajaj Finance Ltd for offering financing solutions across its entire commercial vehicle portfolio. The company has signed a memorandum of understanding (MoU) with Bajaj Finance Ltd, part of Bajaj Finserv Ltd, for the same and customers will benefit from the latter's wide reach, competitive interest rates, flexi loan and digitally-enabled loan processing, Tata Motors said in a statement. "We are confident that their (Bajaj Finance) inaugural venture into commercial vehicle financing will allow them to tap the immense potential that the transportation sector brings in, and this partnership will benefit entrepreneurs across the country," Tata Motors Commercial Vehicles Vice President & Business Head - Trucks, Rajesh Kaul said. With Bajaj Finance's wide network in rural and urban areas, customers will have easy access to financing solutions as per their requirements, he added. Bajaj Finance Deputy Managing Director Anup Saha said, "...

JSW Steel USA to invest $110 mn to modernise plate mill in Baytown, Texas

JSW Steel on Tuesday said its subsidiary JSW Steel USA plans to invest USD 110 million to modernise its steel plate mill in Baytown, Texas with new equipment and sustainable technology. These investments will enable the production of high-quality monopile steel plates to support the US administration's new actions to expand offshore wind energy by deploying 30 gigawatts (GW) of offshore wind by 2030, enough to power 10 million homes with clean energy, the company said. "JSW Steel USA, Inc plans to invest USD 110 million in steel plate mill modernization projects with sustainable technology and state of the art equipment within its manufacturing facilities in Baytown, Texas," JSW Steel said in a statement. Steel products made through this investment are aligned with "Buy America" requirements for niche grades and sophisticated applications such as hydrocarbon pipelines, offshore wind towers and platforms, high-density pressure vessels and monopile steel slabs, JSW Steel said. Parth

Muthoot Capital initiates IRDAI Corporate Agent registration; stock up 5%

The uptick in the stock price came after Muthoot Capital announced that the board has approved the initiation of Registration as Corporate Agents with IRDAI

Borosil shares rally 6% as co begins placement for Rs 250 cr QIP issue

Borosil's shares surged up to 6.6 per cent at Rs 367.50 per share on the BSE in Tuesday's early morning trade. The share price of the company is presently trading near its 52-week high of Rs 420

Swan Energy rises 3% after board okays 49% stake buy in TOPL for Rs 440 cr

The uptick in share came after board of Swan Energy approved acquisition of 49 per cent equity stake in Triumph Offshore Private Ltd from Indian Farmers Fertiliser Cooperative Ltd for Rs 440 cr

Buzzing stocks: Ambuja Cements, Satin Creditcare, AllcargoGati, Sun Pharma

Stocks to watch on June 25: Ambuja Cements Ltd. has secured 24 bids for new limestone mines, adding an estimated total resource of 587 million tonnes

Stocks to watch on June 25: IndiGo, KIMS, Borosil, Swan Energy, RBL Bank

Stocks to watch on June 25: Swan Energy is set to acquire a 49 per cent equity stake in Triumph Offshore Private Ltd (TOPL) from Indian Farmers Fertiliser Cooperative Ltd (IFFCO) for Rs 440 crore

Exicom Tele-Systems zooms 40% in 4 days on strategic pact with Hubject

Shares hit a new high of Rs 461, as they rallied 14% on the BSE in Monday's intra-day amid heavy volumes and trading 225% higher over its issue price of Rs 142 per share.

Prestige Estates up 3% after board okays fundraising of Rs 5,000 cr via QIP

The uptick in share price came after Prestige Estates announced that its board has approved fundraising of up to Rs 5,000 crore via qualified institutional placement (QIP)

Garden Reach Shipbuilders stock price rallies 11% on $54 million order win

The rise in stock price came after the company announced that it has secured an international order worth $54 million for the construction and delivery of four multi-purpose vessels of 7,500 DWT each

PI Industries, PVR Inox: Top trading picks by Angel One for June 24

PVR Inox has seen a volume-backed resurgence after the substantial consolidation seen in the last couple of trading weeks near its key support short-term EMAs

Buy & Sell: Top three picks by Anand Rathi for June 24; key levels here

PVR Inox has recently exhibited two significant technical analysis signals that indicate a potential bullish shift. Firstly, there is a bullish divergence on the weekly RSI near 30 level

DEE Engineers, Akme Fintrade's IPO bidding status on day 3; check details

DEE Development Engineers' initial public offering (IPO) was oversubscribed 12.5 times on the third day of its subscription period which began on Wednesday and ends today

Zerodha faces another tech snag; users complain for losing money in trades

Zerodha's broking platform experienced a complete freeze for a short period on June 21 causing significant issues for traders

Stanley Lifestyles IPO opens for bidding today; should you invest or not?

Stanley Lifestyles raised Rs 161.11 crore from anchor investors on June 20

Nifty Auto bearish in near-term, Energy rangebound; check trading strategy

The Nifty Auto Index is currently trading at 25,267.85. The near-term trend for this index appears to be downward on the charts, with strong support expected around the 24,500 level