Zinka Logistics fixes price band of Rs 259-273 Rs 1,100 crore IPO. Check details
Zinka Logistics Solutions, an Indian platform for truck operators, has announced the price band for its upcoming IPO, set at Rs 259-273 per share. The IPO aims to raise Rs 1,114.72 crore, with funds allocated for expansion, technology enhancement, and debt reduction.
Indian Hotels stock jumps 6%, hits 52-week high after Q2 profit up 226% YoY
Tata-backed Indian Hotels Company (IHCL) saw its stock surge nearly 6% to a 52-week high of Rs 722 after reporting a 226% YoY profit growth to Rs 583 crore for Q2 FY24. Revenues rose 27.4% to Rs 1,826 crore. EBITDA grew 41.3% to Rs 501.27 crore. IHCL will also manage The Claridges, New Delhi from […]
ITI Ltd shares zoom 9% after emerging as L1 bidder for Rs 3,000 crore project
ITI Ltd shares surged 9% after being awarded a Rs 3,022 crore BharatNet project for Himachal Pradesh, West Bengal, and Andaman & Nicobar Islands, marking a significant milestone for the company.
M&M shares jump 2% after Q2 PAT beats estimates. Should you buy, sell, or hold?
Mahindra & Mahindra’s stock surged after reporting a 13% rise in Q2 profit, exceeding market expectations. Analysts are optimistic, citing strong SUV and tractor sales, with potential for further growth and margin expansion. However, capacity constraints for ICE SUVs in the future are a concern.
Reliance Power shares hit 5% lower circuit after SECI debars co from its tenders for 3 years
Anil Ambani-led Reliance Power and its subsidiary, Reliance NU BESS, have been barred by SECI from participating in tenders for three years. This follows the submission of a “fake” bank guarantee document during a solar project bid. SECI discovered the discrepancy after the e-Reverse Auction, leading to the tender’s cancellation.
Why four-wheelers stocks are still facing headwinds? Nischal Maheshwari answers
Across the whole pharma sector, there are four or five stocks big one out there which are going to gain market share. So, CDMO is one space within pharma which should do well as we go along. But pharma as a whole space per se has been doing okay and we continue to believe that […]
Sagility India IPO allotment likely today. Check status, GMP, listing date and other details
Sagility India IPO allotment results will be out today. Investors can check their allotment status on the BSE website or the registrar’s website, Link Intime India. The IPO received a decent response with an overall subscription of 3 times. The company’s shares are expected to list on exchanges on November 12.
Vedanta to announce Q2 results today. Here’s what to expect
Vedanta will release its July-September 2024 quarterly results later today. The company is expected to report a profit compared to a loss in the same period last year. Analysts predict a profit between Rs 2495-2600 crore, attributing the turnaround to higher base metal prices.
These 2 stocks to trade ex-dividend on Monday. Last chance to buy for eligibility
T D Power Systems and DCM Shriram have set November 11 as the record date for their announced dividend payouts. Investors looking to receive dividends from these companies have until today to purchase shares. T D Power Systems announced an interim dividend of Rs 0.60 per share, while DCM Shriram declared an interim dividend of […]
Key market indices climb down from Trump Tower
India’s equity benchmarks fell on Thursday, driven by rising US bond yields and continued selling by foreign investors. The surge in US yields, triggered by Donald Trump’s election victory, has raised concerns about potential slowdowns in US rate cuts, impacting foreign investments in emerging markets like India.