Deepak Builders and Engineers IPO was fully booked within two hours of the launch, which was primarily driven by the retail investors, subscribing the issue 1.7 times. The non-institutional investors booked the issue 0.69 times while the qualitative institutional booked the issue zero times. The company received bids worth Rs 181.92 crore from investors. The
Go to Live UpdatesWaaree Energies ipo Live: The initial public offering (IPO) of Waaree Energies has officially opened for subscription today, featuring a fresh equity sale of Rs 3,600 crore alongside an offer for sale (OFS) of 48 lakh shares. The subscription period will run until October 23. Prior to the opening, the company successfully
Multi Commodity Exchange rose 1.8% to hit a fresh 52-week high of Rs 6,680 a day after the commodity major swung into black. The company reported a net profit of Rs 153.6 crore in the second quarter of the current financial year compared to a loss of Rs 19.1 crore in the same quarter a
By Ajit Mishra The markets remained under pressure for the third consecutive week, losing nearly half a percent as the corrective phase continued. While the benchmark indices initially showed signs of recovery, persistent selling by FIIs and a lackluster start to the earnings season weighed on sentiment, turning the bias negative. A recovery in banking
By Ravi Singh Nifty October futures are currently trading at a 75-point premium. We have seen a decent bounce of around 500 points after making a low of around 24,750 zone. We have seen a further downfall in the FII long ratio which is now at 35%. Furthermore, we have seen a sharp sell-off by
By Subash Gangadharan The daily timeframe indicates that Nifty is now stuck in a range between the 24900-25235 levels for the last one week. A close below this range could see the Nifty moving down towards the 20-week SMA at 24663. The momentum readings like the 14-day RSI are in decline mode which increases the
The National Stock Exchange (NSE) and BSE will hold their annual Diwali Muhurat trading session on Friday, November 1, from 6:00 PM to 7:00 PM, marking the beginning of the Hindu calendar year, Samvat 2081. While the stock market will be closed for trading on Diwali, the special one-hour Muhurat trading session will be open
Shares of RBL Bank slumped by 13%, hitting an intra-day low of Rs 176.50 on the NSE today following the announcement of its Q2FY25 results. The bank reported a 24% year-on-year (YoY) decline in profit after tax (PAT) to Rs 223 crore for the quarter ended September 2024. RBL Bank’s Q2FY25 Performance Despite the dip
In the last one week, there has been a sharp decline in the international mutual funds triggered by sharp sell-offs in equities globally after US President Donald Trump announced reciprocal tariffs on some major economies, including China, the EU and India. In response, Europe and China also announced higher tariffs on the US, further escalating
Real estate major Tribeca Developers, the world’s largest developer of Trump-branded projects, has established Trilive, India’s first rental housing development platform, and has launched its inaugural project in Andheri, Mumbai. Partnering with Housr, the nation’s leading luxury co-living operator, Trilive aims to cater to the housing needs of millennials across India’s top cities. For its
Macrotech Developers (Lodha) on Monday said it posted it’s best-ever quarterly pre-sales of Rs 4,810 crore, showing a growth of 14% year-on-year (y-o-y). “With this we have achieved pre-sales of Rs 17,630 crore in FY25 (up 21% y-o-y), surpassing our FY25 guidance and delivering a 20% growth,” the company said. The company’s collections from customers
Markets regulator Securities and Exchange Board of India (Sebi) has slapped a penalty of Rs 7 lakh on Reliance Securities for failing to comply with established stock brokers’ regulations. The company has been directed to pay the fine within 45 days of the order, Sebi announced on Monday. Why penalty on Reliance Securities The penalty
Trent’s share price slumped over 19% to an intra-day low of Rs 4,488 on the National Stock Exchange. The fall in the stock prices came after the company reported lower growth in its Q4 business update. Though it saw a slight recovery, it is still down over 155. Trent Q4 sales lower than 5-year average
