Page 78 - Stock Market

Alibaba offers to buy Cainiao stake for up to $3.75 bn as it drops IPO plan

In the Chinese e-commerce giant's latest u-turn of its restructuring plan, Alibaba, which holds a stake of around 64% in Cainiao, said it was offering to acquire the remaining stock

Investors subscribe SRM Contractors IPO 3.56 times on day 1 of bidding

The initial public offer of SRM Contractors received 3.56 times subscription on the first day of bidding on Tuesday. The IPO received bids for 1,54,35,840 shares against 43,40,100 shares on offer, as per NSE data. The category for non-institutional investors got subscribed 6.26 times while the portion for Retail Individual Investors (RIIs) attracted 3.54 times subscription. The quota for Qualified Institutional Buyers (QIBs) got subscribed 1.57 times. The Initial Public Offering (IPO) of fresh issue of up to 62,00,000 equity shares has a price range of Rs 200-210 a share. SRM Contractors mopped up Rs 39 crore from anchor investors on Friday. The firm is an engineering construction and development company engaged primarily in the construction of roads (including bridges), tunnels, slope stabilization works and other miscellaneous civil construction activities in the Union Territories of Jammu & Kashmir and Ladakh, as per its website. The company was incorporated in September ...

This smallcap stock has zoomed over 100% in 5 months; hits new high

Shares of Sanghvi Movers, a major player in the crane rental industry, moved higher by 11 per cent to Rs 1,282.95 on the BSE on Tuesday

IndiGo rallies 4% to hit fresh high, stock zooms 79% thus far in FY24

IndiGo plans to add 10 new destinations in fiscal 2025 and manage a fleet of more than 600 aircraft by 2030 as it expects the number of fliers in India to more than double by the end of the decade

Mankind Pharma slips 4% on Beige's likely 3% stake sale via block deal

According to media reports, Beige Ltd, an affiliate of private equity firm ChrysCapital, was looking to offload 2.90 per cent stake in the drugmaker through block deals

RVNL zooms 6% on MoU with Airport Authority of India worth Rs 294 cr

Shares of Railway Vikas Nigam, the construction arm of Indian Railways zoomed 6 per cent on BSE in Tuesday's intraday trade against a 0.36 per cent dip in BSE Sensex

Trust Fintech SME IPO opens today: Check GMP, anchor issue & other details

Trust Fintech has raised Rs 18.05 crore from allocating nearly 1.8 million shares at Rs 101 to anchor investors ahead of the IPO

Nifty50, Nifty Financial, PSB indices: Check key levels for trading action

If Nifty closes above 22,225, the next resistance levels on the charts would likely be around 22,350 and 22,575

Wall Street declines ahead of US data; dollar faces heat from yen, yuan

Wall Street's main indices kicked off the week on a lower note. Market participants are hoping that Friday's US prices data will back investor bets for a June interest rate cut by the Federal Reserve

Donald Trump's social media company to be traded on Nasdaq from March 26

Trump Media & Technology Group, whose flagship product is social networking site Truth Social, will begin trading on the Nasdaq stock market on Tuesday. Shareholders of Digital World Acquisition Corp., a publicly traded shell company, approved a deal to merge with the Trump's media business in a Friday vote. The common stock of Trump Media & Technology Group will trade under the ticker symbol DJT." Former president Donald Trump is set to own most of the combined company or nearly 79 million shares. Multiply that by Digital World's closing stock price Friday of $36.94, and the total value of his stake could be nearly $3 billion.

Stock markets closed today: BSE, NSE to remain closed today on Holi

Stock mkt closed: India will embark on Holi celebrations today. In view of the occasion, a public holiday has been declared and prominent institutions, including the markets will remain closed

5 reasons why the fall in mid, smallcaps in 2024 is not similar to 2018

The market correction in 2018, analysts believe, was led by several risk events coming together in the same year, which triggered the market bear phase

Indian stock markets to remain closed for 2 days next week: Here's why

Stock markets will remain closed on upcoming Monday and Friday, taking the total holidays to three in March, which is the highest for any month in 2024

Sensex gains 191 pts, Nifty nears 22,100; realty, auto shine, IT drops

Stock market highlights on March 22: In the broader markets, too, positive sentiment lifted the BSE MidCap index 0.38 per cent and the BSE SmallCap index 1.06 per cent

DMart hits new 52-wk high, up 7% in 3 days after CLSA initiates buy rating

The brokerage believes investor concerns around competition from quick commerce and vertical-based players are valid but still factored in the stock price

Newly listed automation stk at 10% upper circuit; up 110% over issue price

The company had a strong order book position of Rs 3,242 crore at the end of December quarter (Q3FY24)

Skipper jumps 22% in two days as promoter entity Ventex ups stake to 5.02%

The rally comes after Skipper promoter group entity Ventex Trade Private Ltd raised its stake in the company from 4.86 per cent to 5.02 per cent over March 19-20

Hi-Tech Gears hits new high; surges 26% in 2 days on healthy outlook

In the past six weeks, the stock of Hi-Tech Gears has soared 56 per cent; while, thus far in the financial year 2024, it has zoomed 159 per cent

Amber rallies 6% on inking JV pact with Resojet to make washing machines

The JV is being set up to manufacture fully automatic top and front load washing machines; Amber will invest Rs 35 crore in Resojet to acquire 50% in the JV

Bulls charge on D-Street as Fed signals three rate cuts; Sensex up 539 pts

The Nifty finished at 22,012, with a gain of 173 points, or 0.8 per cent