RateGain Travel bets on improving order pipeline for a recovery
RateGain Travel Technologies’ stock has declined 13% post Q2 results despite strong revenue and profit growth. Concerns include lower growth in contract wins, pricing pressure, and the loss of a key account. However, the company expects strong growth in the second half of the fiscal year. RateGain is a SaaS provider focused on the travel […]
Gland Pharma and Go Digit GI among 12 midcap stocks that may lose midcap status soon
Nuvama Alternative Research estimates that the large-cap cut-off will rise to around Rs 99,200 crore, up from Rs 84,000 crore in June 2024, while the mid-cap threshold is projected to reach approximately Rs 32,400 crore, compared to Rs 27,500 crore in June 2024.
SBI MF, Tata MF buy Ratnamani Metals Tubes shares worth Rs 262 crore
SBI Mutual Fund and Tata MF acquired a 1.12% stake in Ratnamani Metals & Tubes for Rs 262 crore through open market transactions. They purchased shares at an average price of Rs 3,335 each. Nalanda Capital offloaded its shares. Ratnamani Metals & Tubes’ stock price dipped slightly following the transaction.
Tech View: Nifty forms a spinning top candle on daily chart. What traders should do on Thursday
Dr. Praveen Dwarakanath, VP of Hedged.in, noted a spinning top candle on the charts. A bullish candle Thursday could confirm an upward move, while a bearish one may signal a drop toward the 24,100 support level.
Property Share REIT IPO Day 3: Check subscription, price band, and other details
Property Share Investment Trust’s (PSIT) REIT IPO, India’s first for small and medium real estate, was fully subscribed at 119%. The IPO, for the PropShare Platina scheme, targets a Prestige Tech Platina asset acquisition. Priced at ₹10-10.5 lakh per unit, the IPO lists on BSE December 9th, with a projected 9% FY26 yield.
Indraprastha Gas to consider bonus share issuance in December board meeting
Indraprastha Gas (IGL) plans to propose a bonus share issue to its shareholders on December 10. The company aims to reward shareholders by allocating additional shares. The board will finalize the bonus issue ratio and record date on December 10.
Average Swiggy order value can show double-digit growth every year for foreseeable future: Rahul Bothra
Swiggy, with a healthy cash balance of over ₹8,000 crore, has no immediate fundraising plans. Their food delivery business is profitable and generating cash, while the quick commerce segment is projected to achieve profitability within six to seven quarters. They aim to double their dark store footprint by March 2025 and increase average order value […]
Sebi notifies rules on uniform standards for nomination facilities across securities markets
Markets regulator Sebi has notified rules on nomination allowing nominees to act on behalf of incapacitated investors. Additionally, it notified the rule mandating every participant to provide beneficial owners with the option to nominate a person to whom their securities will transfer upon their death.
Suzlon shares rise 3% after winning 302.4 MW wind project order from Jindal Renewables
Suzlon share price: Suzlon Energy has achieved a significant milestone by securing its largest ever Commercial and Industrial (C&I) order from a single customer. The company will be developing a massive 400 MW captive wind power project for Jindal Renewables in Karnataka. This landmark deal underscores the growing demand for renewable energy solutions within the […]
Bank Nifty resilient despite sharp market swings; eyes all-time high: Rohit Srivastava
So, if you break 24,300, will we turn bearish on the market? The answer is probably not. So, it is just a support level that ideally you expect and hope that it holds. Breaking it by 100 points makes no difference to the outlook.