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...
2024
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...
he NTPC Green Energy IPO opened for subscription on Tuesday, November 19, and will remain open for bidding until November 22. The IPO consists entirely of a fresh issue of equity shares, valued at ₹10,000 crore, which translates to approximately 92.59 crore shares. There is no allocation for an offer-for-sale (OFS) in this IPO. On the same day, shares of NTPC, the state-owned parent company, rose...
The BSE Midcap and Smallcap indices have risen by over 1% each, while all sectoral indices are showing positive movement. Sectors such as auto, oil & gas, power, real estate, telecom, and media have gained 1-2%. On the Nifty, major gainers include Trent, BPCL, WIPRO, NTPC, and Adani Ports, whereas Dr. Reddy's Labs, Shriram Finance, SBI Life Insurance, Asian Paints, and JSW Steel are among the...
Nifty experiences its longest losing streak since February 2023, while Sensex fluctuates by 900 points due to heavy selling in IT and Energy...
As NASDAQ is trading at lifetime high, Indian Equities related to IT all set to outperform. This is the best time to follow the wave in...
A very warm Diwali greetings to our investors. This Diwali , we are forced to restrict our self not to issue a buying list for the year , because we believe that markets are not out of woods yet and may contain some hidden turbulence's. Let’s discuss this with different perspectives, as we at Investcraft approached our Market Expert Mr Alok to guide us on this Diwali with his enlightening Views he...
South Korea’s LG Electronics Inc. has picked banks for a potential initial public offering of its Indian business that could raise as much as $1.5 billion, according to people familiar with the matter. LG has tapped banks including Bank of America Corp., Citigroup Inc., JPMorgan Chase & Co. and Morgan Stanley as arrangers for an IPO that may take place as early as next year, the people said. LG...
Automaker Ford, who is set to enter Indian market again, on Friday announced intention to repurpose its Chennai plant for manufacturing vehicles aimed at export markets as part of its Ford+ growth plan by submitting Letter of Intent to the Government of Tamil Nadu. The Chennai facility will be repurposed to concentrate on manufacturing for global markets. The 'Make in Chennai' plans emerge after Chief...