India's primary market is set for a busy week with the anticipated IPOs of NTPC Green Energy, Enviro Infra Engineers, and two other SME public issues. Additionally, six more SME IPOs are scheduled to launch this week, starting November 25. After a Friday dip of over half a percent, the stock market rebounded strongly, with major players like Reliance, Infosys, ICICI Bank, and TCS driving gains. The...
November 2024
Continuing the Friday pullback, the Indian stock market showed strong momentum on Monday morning. Major indices surged: the Nifty 50 opened with a gap-up at 24,253, quickly reaching an intraday high of 24,330, marking a 423-point jump from Friday’s close of 23,907. The BSE Sensex started at 80,193 and climbed to an intraday peak of 80,452, gaining 1,355 points. Similarly, the Nifty Bank index...
Stock Market Live Updates: Sector Overview All sectors are trading positively, with the Nifty PSU Bank index rising over 3% Open Free Trading Account - A Step-by-Step Guide in Online Trading for...
Raymond's shares climbed over 7% to ₹1,535 on November 22 after receiving a 'no objection' letter from BSE and NSE for the demerger and listing of its real estate arm, Raymond Realty. This development follows the company's earlier demerger of its lifestyle business, signaling another step in Raymond Group's restructuring strategy. The board approved the separation of Raymond and Raymond Realty on...
Major Market Debut: NTPC Green Energy NTPC Green Energy, the renewable energy arm of NTPC, will kick off its ₹10,000 crore IPO on November 19, closing on November 22. The offering, priced at ₹102-108 per share, will consist entirely of fresh equity shares. The company plans to utilize ₹7,500 crore from the proceeds to repay the debt of its subsidiary, NTPC Renewable Energy, with the remainder...
Multibagger stock Bharat Global Developers continues its impressive streak, delivering a staggering 2300% year-to-date (YTD) return. On Thursday, the stock hit its upper circuit limit for the 14th consecutive trading session, fueled by a series of positive developments. Key Highlights: Order Announcement: On November 21, Bharat Global Developers revealed that its Dubai-based wholly-owned subsidiary...
Vietnamese electric vehicle (EV) manufacturer VinFast is in discussions with Hyderabad-based Megha Engineering & Infrastructures Limited (MEIL) and the Adani Group for potential collaborations as it prepares to launch its cars in India. According to The Times of India, the company has not yet decided whether to participate in India’s new EV policy, which offers import tax incentives to companies...
Elcid Investments, which recently made headlines for a massive one-day spike, is once again in the spotlight following the release of its September quarter financial results. The company reported a 143.5% year-on-year (YoY) increase in consolidated revenue, reaching ₹56 crore. However, on a sequential basis, revenue dropped by 68.53%. Net profit also surged 168.75% YoY to ₹43 crore, but this marked...
Shares of Zinka Logistics Solutions, a digital platform catering to truck operators, are scheduled to debut on the stock exchanges on November 21, promising significant returns for early investors. They could see their initial investments grow up to fivefold. The company’s ₹1,115-crore IPO, which was open for subscription from November 13 to 18, received a subscription rate of 1.86 times. It...
Initially, November 2024 had only two scheduled stock market holidays. However, with the announcement of the Maharashtra Assembly General Elections on November 20, 2024, both the BSE and NSE have declared an additional holiday. As a result, the Indian stock market will remain closed tomorrow for the Maharashtra elections. Open Free Trading Account - A Step-by-Step Guide in Online Trading for...