Fri, Nov 22, 2024
The initial public offering (IPO) received bids for 6,38,69,269 shares against 3,07,93,600 shares on offer, translating into 2.07 times subscription, according to NSE data.
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Meanwhile, the counter ended today's session at Rs 1298.50 on the BSE. The scrip has given a positive return of around 140 per cent in 1 year and 300 per cent in two years.
The deal, signed in January 2024, involves the divestment of twelve road assets owned by PNC Infratech and PNC Infra Holdings for an enterprise value of Rs 9,005 crore.
Markets stage strong recovery after previous session's slump
This is the first-ever stock split announced by the company, which has a market cap of Rs 1057.70 crore, since its listing more than a year ago.
The stock under discussion is Jindal Worldwide. The counter is trading higher than the 5-day and 20-day moving averages but lower than the 5-day, 100-day and 200-day moving averages.
Navratna PSU stock, NBCC Share Price: Shares of public sector undertaking (PSU) NBCC - formerly known as National Buildings Construction Corporation - gained on Friday.
Goldman Sachs forecasts Nifty targets of 24,000 in 3 months and 27,000 in 12 months, with a cautious stance on Indian equities.
Sensex surged over 1,700 points, reaching 78,922.83, while Nifty reclaimed the 23,800 mark, rising by 329 points.
PSU stocks to BUY: Markets have witnessed a lot of volatility in the recent past. After a sharp fall on Thursday, benchmark equity indices Sensex and Nifty bounced back in early trade on Friday. But is the market bounce here to stay?
Fundamental picks by brokerage: Stock markets have remained highly volatile of late. In such a market, one should focus on investing in stocks with strong fundamentals. Domestic brokerage firm Motilal Oswal has picked five such stocks with a strong growth outlook.
Indian benchmarks Sensex and Nifty50 surged 1% on Friday, led by banking and IT stocks. The rally followed robust US labor market data and eased investor concerns. Adani Group stocks, however, remained under pressure.
Thu, Nov 21, 2024
PSU Stock in Focus, BEML Share Price Target: Shares of State-owned BEML ended the session in the green today even as benchmark indices Sensex and Nifty tumbled on Thursday amid a sharp fall in Adani group stocks.
While Indian indices had shown recovery earlier this week, today's developments erased those gains, signalling a challenging road ahead for market stability.
Sensex, Nifty crack amid global headwinds; Rs 6 lakh crore investor wealth erased
Adani group stocks faced heavy drubbing during the early trade on Thursday as Gautam Adani has been charged by US prosecutors over his role in an alleged years-long scheme to pay USD 250 million bribe to Indian officials in exchange for favourable terms for solar power contracts.
Largecap PSU stock, Power Grid Share Price: Shares of state-owned Power Grid Corporation of India gained over 1 per cent even as equity benchmark indices Sensex and Nifty tumbled in early trade.
Wed, Nov 20, 2024
The order entails the supply of 48 BH60M Rear Dump Trucks, along with spares and consumables and comprehensive after-sales service support, the Bengaluru-headquartered company said in a release.
Railway PSU Stock: The markets have been volatile over the past few weeks. Due to this, several stocks have corrected up to 50 per cent. During this period, Nifty has fallen around 11 per cent.
The management of Kerala-based textile company Kitex Garments has said that the company is considering giving bonus shares.
In Japan, the Nikkei 225 slipped 0.2% to 38,352.34 after the Finance Ministry reported the country recorded a trade deficit in October, for a fourth straight month.
Multibagger Defence PSU Stock: Shares of defence PSU Garden Reach Shipbuilders and Engineers (GRSE) will be in focus when the market opens on Thursday as the company has informed exchanges about the new pact it has signed with the West Bengal government.
PSU bank stock to BUY: Bank of Baroda is the third largest public sector bank in the country and has a loan book of Rs 11.43 lakh crore. The bank's deposit base is Rs 13.63 lakh crore.
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