By Nagaraj Shetti After showing sharp weakness on Tuesday, Nifty shifted into a consolidation on Wednesday and closed the day lower by 36 points. A small positive candle was formed on the daily chart with an upper shadow. Technically, this formation indicates a type of bullish inverted hammer-type candle pattern, not a classical one. A
Deepak Builders & Engineers opened its IPO on October 21 and closed on October 23. It raised a sum of Rs 260.04 crore. The company’s IPO price band ranged between Rs 192 to Rs 203 per equity share. The allotment of the shares is likely to be finalised on October 24. Here’s how you can
Sona BLW Precisions Forgings shares rallied as much as 11% to an intra-day high of Rs 714. The surge in stock price came a day after the auto components maker reported a 16% jump on year in its net profit standing at Rs 143.57 crore in Q2 FY25, compared to Rs 124.06 crore in Q2
KPIT Technologies shares plummeted 15% to an intra-day low of Rs 1,393.45 on management commentary about the weak outlook for the automobile industry. The company’s management pointed out that the automobile industry is under pressure due to regulatory changes and other things. Kishor Patil, Co-founder and CEO of KPIT Technologies said, “The Mobility Industry, specifically
Securities and Exchange Board of India (SEBI) chairperson Madhabi Puri Buch on Thursday skipped the Public Accounts Committee (PAC) questioning and said she would not be able to attend it due to “personal exigencies”. The crucial meeting of the Parliamentary panel was adjourned just hours before it was scheduled to start. PAC chairman K C
The company raised Rs 4,321.44 crore via a combination of fresh shares and an offer for sale. The company’s IPO price band ranged between Rs 1,427 to Rs 1,503 per equity share. A retail buyer had to apply for a minimum of 9 shares and then in its multiple, which amounted to Rs 13,527 per
Samvat 2080 has emerged as a blockbuster year for the Indian primary market, with 82 companies raising an impressive Rs 1.08 trillion so far. This figure is poised to increase, as several initial public offerings (IPOs) remain open for subscription before the year concludes. Major IPO in Samvat 2080 Leading the charge was South Korean
Go to Live UpdatesHindustan Unilever Share Price Today Live Updates, 24 Oct, 2024: Hindustan Unilever shares are in the news. The stock fell 6.5% to Rs 2,486.30 after it reported weak Q2 earnings numbers. The counter closed trade on 23 Oct, 2024 at Rs 2658. The shares touched an intra-day high of Rs 2692 in
When the Unified Pension Scheme (UPS) was announced as an option in place of the National Pension System (NPS) for around 24 lakh central government employees, employee unions and experts flagged multiple issues in the scheme. One of the issues they raised pertained to the denial of pension benefits till actual superannuation on voluntary retirement
India added 3.8 gigawatt (GW) of solar open access capacity in the first half of the calendar year 2025, down over 4% from 3.9 GW added in the first half of 2024, as per data from Mercom. In the second quarter of 2025, the country added 2.7 GW of solar open access capacity. ALSO READOrder
Cement stocks are once again on Dalal Street investors’ radars with the monsoon season expected to get over the next 2-3 weeks and peak construction activity expected to restart in most parts of the country. Also, with the government recently announcing that GST on cement industry would shortly fall to 18% from 28%, and lower
8th Pay Commission latest update: In a relief for over 1 crore central government employees and pensioners, the Centre has said it is “actively consulting” state governments on the 8th Pay Commission matter and an announcement can be expected soon with regard to the constitution of the panel. A delegation from the Government Employees National
The ministry of heavy industries (MHI) has proposed a Rs 13,000-crore incentive scheme for the construction equipment sector with the aim of strengthening domestic manufacturing and reducing import dependence. The scheme is under discussion with key ministries and is expected to be taken up for Cabinet approval in the coming months, officials told Fe. ALSO
