Bajaj Housing Finance Limited’s IPO, set to open on September 9, 2024, aims to raise ₹6,560 crore. The offer includes a fresh issue of ₹3,560 crore and an Offer for Sale (OFS) of ₹3,000 crore. The IPO will be available for subscription until September 11, with a price band announcement on September 3. Qualified Institutional…
Investor Anil Kumar Goel has made a breathtaking decision by ₹100 crore investing in sugar stocks. His successful bets on Dhampur Sugar Mills and Dalmia Bharat Sugar have capitalized on the sector recent boom. Goel’s impressive increase illustrate the potential rewards of focusing on specific industries, such as sugar, where market conditions can lead to…
Stock Up 2% as the Company Plans to Reward Shareholders Reliance Industries Ltd (RIL) will discuss a 1:1 bonus share issue at its board meeting on September 5. This decision aims to reward shareholders and enhance stock liquidity. If approved, it will be the first bonus issue since 2017. The announcement led to a 2%…
Stock Closes Near 52-Week High Bajaj Finserv Ltd. saw a strong trading session on Tuesday, rising 2.07% to ₹1,721.55. This brought the stock just ₹20.30 short of its 52-week high of ₹1,741.85. The positive session was part of an overall market uptick, with the BSE SENSEX Index inching up by 0.02%. Bajaj Finserv outperformed its…
Tata Elxsi, which once performer in the Indian stock market, has fall by over 40% recently. While the company has strong fundamentals and is backed by the Tata Group, it’s facing challenges from the economy and internal issues. With a focus on designing products for key sectors and a growing emphasis on IoT and AI,…
Shares of Anil Ambani’s companies, including Reliance Power and Reliance Home Finance, dropped significantly today after SEBI banned Ambani and 24 others from the securities market for five years due to fund diversion issues. Reliance Infrastructure shares also took a hit. The SEBI order includes heavy fines and prevents Ambani from holding key positions, leaving…
The Orient Technologies IPO saw huge demand, with investors subscribing 151.71 times the available shares. Today, investors are waiting to see if they’ve secured any shares, with the allotment results which are announced soon. Price range varies ₹195-₹206 per share, the IPO attracted a lot of interest, and the company’s stock is set to start…
A Premium Start, But What’s Next for Interarch Building Products? Interarch Building Products had a thrilling IPO debut, listing at a 44.3% premium on the NSE. However, the stock quickly dipped by 6%, leaving investors questioning its future. Despite strong financials and a well-established brand, the company faces risks tied to cyclical markets and high…
Ex-Bonus Adjustment Central Depository Services (India) Ltd (CDSL) shares plummeted 48% today on the NSE, opening at Rs 1,500 from yesterday’s Rs 2,898.10. This drop is due to the stock trading ex-bonus, as the company issued a 1:1 bonus, effectively halving the share price. Post-Adjustment Performance Despite the correction, CDSL shares surged 6% post-adjustment, reaching…
