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...
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...