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Shares of Adani Total Gas Ltd hit a fresh record high to Rs 2224 a share, up 5% from its previous close after the firm on Sunday announced its foray into the electric mobility segment. The stock extended its gains for eight consecutive sessions and rose 27% in this period. So far this year it […]
Read MoreHyderabad-based Hariom Pipe Industries Ltd has set the price band for its initial public offering at Rs 144-153 per share. The IPO will open on 30 March and close on 5 April. Allotment will be on 8 April and initiation of refunds on 11 April and the issue will be listed on 13 April. The […]
Read MoreKerala-based jewellery retail chain Joyalukkas India Ltd has filed draft papers with Securities Exchange Board of India (SEBI) to raise around Rs 2300 crore via initial public offerings. The proceeds from the issue worth Rs 1,400 crore will be used to repay debt. As of February 28, 2022, the total outstanding debt of the firm […]
Read MoreWe see material upside potential on the stock from: a) incremental ARPU improvement opportunity through market share gains, tariff hikes and customer upgrades, b) growth in non-mobility businesses including value unlocking in multiple digital/enterprise segments and c) re-rating of valuation multiple backed by improving ROCE/FCF profile due to ARPU growth and higher share of non-mobility […]
Read MoreKalyan Jewellers India announced board approval for the appointment of Mr. Vinod Rai as the Chairman and Independent Non-executive Director on the Board of the company. The appointment will be subject to obtaining requisite regulatory and shareholders’ approvals. Mr. TS Kalyanaraman will continue as Managing Director on the company’s board. Kalyan Jewellers India was quoting […]
Read MoreIT stocks are trading higher ahead of Accenture earnings due later today. Accenture’s second-quarter revenue is expected to reflect strong growth across verticals underpinned by higher corporate IT spending, according to Bloomberg Intelligence. Stronger cloud demand will also fuel momentum in new bookings particularly in the consulting segment. The consensus EPS Estimate is $2.39 and […]
Read MoreJindal Poly Films rose 6% after the firm signed an agreement for the sale of a minority stake in its packaging films business to Brookfield Asset Management. Jindal Poly Films will carve out its packaging films business into a wholly owned subsidiary (which generates around 85 per cent of the firm’s total revenues) and the […]
Read MoreGodrej Properties announced that they have sold 855 homes worth Rs 1,650 crore within a year of the launch of their project, Godrej Woods in Noida in March 2021. This includes sales of 509 crore in March 2021 and sales of 1141 crore in FY 22 YTD. Godrej Properties was quoting at Rs 1,565, up […]
Read MoreJet fuel prices on Wednesday were hiked by over 18 per cent – the steepest ever increase – to all-time high levels after international oil price surged to a multi-year high. The increase – sixth straight this year – led to prices soaring past the Rs 1-lakh-per-kilolitre mark for the first time ever. Aviation turbine […]
Read MoreNavneet Education has issued and allotted 700 units of Commercial Paper (CP) of Rs 5,00,000 each, aggregating to Rs 35 crore at a yield of 4.35% p.a. Navneet Education was quoting at Rs 87.20, up Rs 1.55, or 1.81 percent on the BSE. News Source:- Moneycontrol
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