Page 66 - Stock Market

Stock Market Highlights, July 02: Sensex, Nifty end marginally in red; Infy, L&T shine

Stock Market highlights on Tuesday, July 02, 2024: The BSE Sensex ended 35 points lower at 79,441, after hitting a record high of 79,856. Bank and midcap stocks crumbled under selling pressure.

L&T's shares rally on reports of order win worth $4 bn from Saudi Aramco

On Tuesday, the shares of Larsen Toubro soared up to 3 per cent at Rs 3,634 per share on the BSE in intraday trade.

CSB Bank stock up 7% on steady growth in advances, total deposits in Q1FY25

Shares of CSB Bank soared up to 7.2 per cent at Rs 402 per share on the BSE in Tuesday's intraday trade

This aerospace & defence stock skyrocketed 16% in a day, 36% in one month

Shares of DCX Systems rose 16 per cent hitting its 52-week high at Rs 440.40 per share on the BSE in Tuesday's intraday deals.

Stocks to watch on July 2: Patanjali Foods, CSB Bank, DCX Systems, NMDC

Stocks to watch on July 2: CSB Bank recorded a 17.8 per cent YoY growth in gross advances to Rs 25,099 crore. Total deposits up 22.2 per cent to Rs 29,920 crore

Markets start July on strong note, log new highs; Sensex up 443 points

The Nifty50 index closed at 24,142, rising 131 points, or 0.5 per cent. Both Sensex and Nifty surpassed their previous closing highs on Thursday

Ambey Labs plans to raise funds via IPO; to open for subscription on July 4

Agrochemical manufacturer Ambey Laboratories on Monday said it plans to raise Rs 44.68 crore through its initial public offer, which will open for public subscription on July 4. The company has fixed the price band for its initial public offering (IPO) at Rs 65-68 per share. The public issue will conclude on July 8, the company said in a statement. The shares of the company will be listed on NSE SME Emerge. At the upper end of the price band, the company will fetch up to Rs 44.68 crore from the IPO, it added. The IPO is a combination of a fresh issue of 62.58 lakh equity shares worth up to Rs 42.55 crore and an offer for sale of up to 3.12 lakh shares aggregating to Rs 2.12 crore by selling shareholder Sarina Gupta. The net proceeds from the issue will be used by the company to meet the working capital requirements of the business, while the remaining capital will be used for general corporate purposes. Investors can bid for a minimum of 2,000 shares and in multiples ...

FirstCry's parent firm Brainbees Solutions gets Sebi's nod to float IPO

Brainbees Solutions Ltd, the parent firm of online e-commerce platform FirstCry, has received Sebi's approval to raise funds through an initial public offering (IPO), an update with the markets regulator showed on Monday. Apart from this, three more companies -- SaaS platform Unicommerce eSolutions, Maharashtra-based Gala Precision Engineering and Interarch Building Products -- obtained the regulator's nod to float the initial share sale. These companies -- who filed their preliminary IPO papers with Sebi between January and May 2024 -- obtained the regulator's observations during June 25-28, according to the update. In Sebi's parlance, obtaining its observations means its approval to float the public issue. According to the fresh draft red herring prospectus (DRHP), Pune-based Brainbees Solutions' proposed IPO is a combination of a fresh issue of equity shares, aggregating up to Rs 1,816 crore and an offer for sale (OFS) of up to 5.44 crore equity shares by existing ...

Enviro Infra Engineers files draft papers with Sebi to garner funds via IPO

Enviro Infra Engineers, which is involved in the development of turnkey projects of sewage treatment plants and sewerage system, has filed draft papers with markets regulator Sebi to garner funds through an initial public offering (IPO). The city-based company's proposed IPO is a combination of fresh issue of 4.42 crore equity shares and an offer for sale (OFS) component of 52.68 lakh shares by promoters, according to the draft red herring prospectus (DRHP) filed last week. At present, promoters hold over 93 per cent stake in the company. Proceeds from the fresh issue to the tune of Rs 181 crore will be used to meet the working capital requirements, Rs 100 crore will be used for payment of debt, Rs 30 crore will be infused into the company's subsidiary, EIEL Mathura Infra Engineers, to build 60 million litres per day Sewage Treatment Plant (STP) at Mathura in Uttar Pradesh. Besides, a portion will be used for general corporate purposes. Enviro Infra Engineers is engaged in designi

Stock Market Highlights, July 1: Mid, SmallCap indices hit record highs; Sensex gains 443 pts

Stock market Highlights on Monday, July 1, 2024: Tech M, Bajaj Finance, Ultratech Cement, TCS, Infosys, JSW Steel, HUL, HDFC Bank, Tata Motors, ITC, ICICI Bank, Titan were the top gainers today

Rane Holdings locks in 20% upper circuit on acquiring major stake in JV Co

Shares of Rane Holding locked in 20 per cent upper circuit, hitting its 52-week high at Rs 1605.75 per share on the BSE in Monday's intraday deals

Investor subscribe Vraj Iron IPO 119 times of offer size on last day

The initial public offer of Vraj Iron and Steel got subscribed 119 times on the last day of bidding on Friday helped by heavy participation from institutional investors. The Rs 171-crore initial share sale received bids for 73,07,13,312 shares against 61,38,462 shares on offer, as per NSE data. The quota for non-institutional investors received a whopping 208.81 times subscription, while Qualified Institutional Buyers (QIBs) part got subscribed 163.90 times. The category for Retail Individual Investors (RIIs) fetched 54.93 times subscription. Vraj Iron and Steel on Tuesday said it raised a little over Rs 51 crore from anchor investors. The IPO is entirely a fresh issue of equity shares with no offer-for-sale component. Shares were available for public subscription in the range of Rs 195 to Rs 207 per scrip. The company will use the IPO proceeds for expansion projects at the Bilaspur facility in Chhattisgarh and general corporate purposes. Raipur-based Vraj Iron and Steel is into

HCG acquires majority stake in Vizag Hospital; stock price zooms 5%

This came after HCG said that it has acquired 51 per cent stake in Vizag Hospital with remaining 49 per cent equity to be acquired later in two tranches

Polycab slips 5% after promoters likely sell 2% stake via block deal

Shares of Polycab India dropped 5.3 per cent at Rs 6,616 on the NSE in Friday's intraday deals

Vedanta's share price surges 4% after raising Rs 2,500 cr via NCDs

Shares of Vedanta 3.6 per cent at Rs 458.75 on the BSE in Friday's intraday deals

Whisky maker Allied Blenders's IPO attracts bids worth $3 billion

Most of the bids came in the final hours of bidding on Thursday, with institutional buyers bidding for 50 times the shares allotted, while retail investors bid for about four times the allotment

Genesys Int'l stock surges 9% after inking pact with NNG for auto solutions

Genesys International's stock zoomed up to 9.5 per cent at Rs 620 per share on the BSE in Thursday's intraday trade

IIFL Sec shares slump as former consultant Sanjiv Bhasin faces Sebi probe

According to reports, the market regulator, Sebi is investigating Sanjiv Bhasin for his alleged involvement in market manipulation

Dr Reddy's shares zoom post Nicotinell acquisition; brokerages unimpressed

On Thursday, shares of the Dr Reddy's Laboratories zoomed up to 2.7 per cent at Rs 6,235.90 a piece on the BSE. The stock rose after the company on Wednesday acquired OTC brand Nicotinell

Mazagon Dock Shipbuilders hits 52-week high on bagging 'Navratna' status

The stock price came after the company bagged "Navratna" status from the Department of Public Enterprises, becoming India's 18th public sector undertaking (PSU) to receive this recognition