Gland Pharma shares zoom 12% post Q2 results; Kotak upgrades on limited downside
Gland Pharma Share Price: Gland Pharma shares rose 12% despite a 15.7% YoY profit decline in Q2. Kotak upgraded the stock to ‘Reduce’ with a revised target price of Rs 1,625, citing improved core business performance.
Sagility India raises Rs 945 crore from anchor investors ahead of IPO
Sagility India raised Rs 945 crore from anchor investors, including prominent mutual funds and institutions, at Rs 30 per share. The company’s IPO, entirely an offer-for-sale, opened for public subscription with a price band of Rs 28-30 per share. The IPO aims to raise Rs 2,106.60 crore at the upper end of the price band.
Raymond shares rise 4.5% post Q2 earnings
Raymond’s shares climbed 4.5% despite a 63% drop in Q2 profit, driven by strong revenue growth in real estate and engineering. Real estate revenue surged 135% and engineering revenue jumped 121%. The company highlighted project execution and strong domestic demand as key growth drivers.
SEBI warns investors against unauthorised trading platforms
SEBI issued a third advisory warning investors about unauthorized platforms offering virtual trading, paper trading, and fantasy games. It urged investing only through registered intermediaries to avoid financial losses and fraud.
Ola Electric Mobility shares drop 4% as 3-month lock-in period expires today
Ola Electric Share Price: Ola Electric Mobility’s shares dipped 7% as an 18.2 crore share lock-in period ended, allowing certain investors to sell their previously restricted shares. This lock-in period, common after IPOs, aims to stabilize stock prices. The company’s shares, despite a recent surge, have experienced declines over the past month. An upcoming board […]
Market pullback offering fresh opportunities for savvy investors: Rajeev Agarwal
We also know that the two candidates have very different policies and the longer it drags on, the more the uncertainty will be there. And definitely that is a risk that is there in the market. So, it is too difficult to call out how the election will be, clearly. But the uncertainty is creating […]
Swiggy IPO: GMP at 5% in unlisted market, indicates muted listing gains
The company has fixed a price band of Rs 371-390 per share for the IPO, which means that the investors are willing to pay about Rs 410 for one share of the company.
ETMarkets Smart Talk: Samvat 2081! Samir Bahl on sectors to watch and avoid in the coming year
October can often be a volatile month due to various factors like earnings reports and economic data releases. The volatility we’ve witnessed this October is largely driven by heightened geopolitical tensions, particularly the ongoing conflict in the Middle East.
Exide Industries shares jump 1% after Q2 profit drops 14%. Should you buy or sell?
Exide Industries witnessed a 13.66% dip in consolidated profit for the September quarter, despite a rise in revenue. The company’s profits were impacted by increased expenses, even as demand in sectors like two-wheeler, four-wheeler, and industrial-UPS remained strong.
Sagility India’s Rs 2,106 crore IPO to open for subscription. Should you bid?
Sagility India’s IPO opens today and closes on November 7. The company aims to raise Rs 2106 crore by offering 70.22 crore shares at a price band of Rs 28-30 per share. Analysts have mixed opinions on the IPO due to its offer-for-sale nature and high valuations. The company’s performance could be influenced by the […]