Varun Beverages shares slide over 3% after raising Rs 7,500 crore via QIP
Varun Beverages’ shares fell 3.4% after raising Rs 7,500 crore through a QIP at a 4.97% discount. The company reported strong Q3 profit and revenue growth.
RIL mimics India’s growth story; stay invested for long term: Anshul Saigal
For the long term, you could very well say that this is a company that mimics the India growth story because it has a large part of its business which kind of gets reflected in the telecom and technology space as also in the retail space.
PSP Projects shares dip 9% as Adani Infra to buy 30% stake in company
PSP Projects share price: Adani Infra is set to acquire a 30.07% stake in PSP Projects from existing shareholder Prahladbhai S. Patel. The deal aims to boost PSP Projects’ growth in the Indian infrastructure sector, with Adani planning significant investments. PSP Projects will retain its current leadership, but Adani Infra will gain equal board representation.
ETMarkets Smart Talk: IT and Financials: The sectors to watch amid moderate market returns
The earnings print in the recently reported quarter were not exciting. Input cost moderation led to strong earnings growth in FY24. Considering the high base, a meaningful improvement in volume is required to sustain the earnings momentum.
Positive Breakout: These 5 stocks close cross above their 200 DMAs
In the Nifty500 pack, five stocks’ close prices crossed above their 200 DMA (Daily Moving Averages) on November 19, according to stockedge.com’s technical scan data. The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock. As long as the stock is priced above the 200-day […]
Vikash Kumar Jain sees short-term rally in India despite geopolitical and macro challenges
The discussion is more about whether this is the right entry point or there is more that we could see to get a better entry point, I think that is really what the discussion has moved to.
12 stocks to trade ex-dividend from Friday. Last chance to buy for eligibility
Twelve companies, including Orient Technologies and Steelcast, have set November 22nd as the ex-dividend date. Investors looking to receive dividends from these companies must purchase shares before this date. The article lists each company and their respective dividend amounts.
Lamosaic India IPO opens today: Check issue size, GMP, price band and other details
Lamosaic India’s SME IPO, aiming to raise Rs 61.2 crore, opened for subscription on November 21st and will close on November 26th. The company, specializing in building materials, plans to list its shares on the NSE SME platform with a share price of Rs 200 apiece. The proceeds will be utilized for debt repayment, working […]
Zinka Logistics shares to debut today. Here’s what GMP indicates
Zinka Logistics is set to debut on the stock market with a flat premium. The company’s IPO was met with a decent response from investors. Zinka Logistics aims to revolutionize India’s trucking industry with its BlackBuck app, which provides a range of services for truck operators, including payments, telematics, and load management.
Vedanta Resources may raise $1.2 billion to refinance debt
The company is in talks with investors to raise $500 million in the coming weeks through a bond issue to partly refinance $606 million of outstanding 13.875% notes maturing in 2028. This is a re-tap of the bonds raised in September and the instrument is likely to be priced around 10.2%, where the bond is […]