Category: Uncategorized

Target: ₹3,700 CMP: ₹3,133.70 The company reported a robust growth outlook across all segments, resulting in strong earnings visibility from FY23 to FY26. The revenue contribution from the Railway and Mobility (R&M) division, which yields higher operating margins, is increasing. This is expected to improve the company’s operating profits moving forward. In FY23, its R&M […]

Puravankara Limited’s subsidiary, Provident Housing Limited, introduced a scheme to support serving and retired armed forces personnel in acquiring homes. The company will provide a special 2% discount on housing across its projects for eligible armed forces personnel. With a focus on mid-segment housing, Provident Housing aims to assist the approximately 1.4 million serving personnel […]

Gold prices touched three-week high at ₹63,452 per 10 gm on Thursday against the previous close of ₹63,223 after the US dollar and bond yields hit multi-month lows. On the MCX, gold for February delivery was down ₹198 to ₹63,480 and April contract lost ₹180 to close at ₹63,800. In the US, spot gold was […]

Fair trade regulator Competition Commission of India on Wednesday said it has cleared the proposed stake acquisition in Reliance Capital by IndusInd International Holdings Ltd, IIHL BFSI (India) Ltd, and Aasia Enterprises. Reliance Capital Ltd (RCL) is an RBI-registered non-banking, non-deposit-taking systemically important company (NBFC-CIC-ND-SI). It is engaged in the financial service sector. The Reserve […]

Mish Designs Limited unveiled its latest collaboration with Nykaa Fashion, marking a step in expanding its retail presence. It is now available on Nykaa Fashion’s online platform and the company will have an exclusive space in the physical store located at Indiranagar, Bangalore. Also read: Office market sees a slump in new supply and leasing […]

Maithan Alloys, manufacturers and exporters of niche value-added manganese alloys, said on Tuesday that it plans to acquire 10 lakh shares (0.202 per cent) of the National Stock Exchange. In a disclosure to the stock exchanges, the company said it entered into an agreement for the purchase of 10 lakh shares for ₹324 crore, making […]

The rupee appreciated 3 paise to 83.13 against the US dollar in early trade on Tuesday, tracking positive cues from domestic equity markets and a weak American currency against major overseas rivals. However, forex traders said the Indian currency remained under pressure due to selling of equities from foreign institutional investors amid volatility in crude […]

Notwithstanding the boom in the main board primary market issuance, retail investors’ interest in initial public offering on SME platforms have also touched a new high. SME segment saw 166 companies raising an aggregate of ₹4,472 crore by listing on both BSE SME and NSE Emerge. The most interesting aspect of SME IPOs was the […]

The sharp rally in the equity markets is redefining the small-cap definition for mutual funds. The first 58 stocks that will enter the small-cap as per the Association of Mutual Funds of India definition will have a combined market-cap of about $3 billion. However, globally small caps are classified as stocks within the market cap […]

Pipe maker AIK Pipes and Polymers on Sunday said it has fixed a price of ₹89 per share for its Initial Public Offering (IPO), which will open for public subscription from December 26-28. The initial share-sale is entirely a fresh issue of 16.88 lakh equity shares and the company aims to raise about ₹15.02 crore […]