Godawari Power shares zoom 5% on signing a 7-year contract with GAIL
Godawari Power & Ispat secured a 7-year RLNG gas supply agreement with GAIL for its new pellet plant. The company’s stock, which has performed well this year, closed at Rs 234.10 after a 1.6% rise. The stock is currently trading above its key moving averages.
Breakout Stocks: How to trade Vedanta, Swan Energy and Eris Lifesciences on Thursday
Indian markets closed flat with gains in auto, FMCG, and IT. Vedanta, near its 52-week high, offers a new entry point. Swan Energy is recommended as a hold, while Eris Lifesciences presents a promising swing trade opportunity with a favorable risk-to-reward ratio.
Sai Life Sciences IPO Day 2. Check key dates, price band, GMP, and review
Sai Life Sciences’ IPO saw an 84% subscription rate on its first day. Institutional investors showed strong interest. The IPO aims to raise Rs 3,042 crore. The company plans to use the funds for debt repayment. Analysts are cautious due to the IPO’s high valuation. The offer includes a large OFS component. The IPO closes […]
Inventurus Knowledge Solutions IPO opens today. Check key dates, GMP, price band, subscription and review
Inventurus Knowledge Solutions launched its Rs 2,498 crore IPO, open for bidding until December 16. The offer comprises 1.87 crore shares entirely through an OFS, with proceeds going to selling shareholders. Priced at Rs 1265-1329 per share, the IPO boasts a GMP of Rs 422. Analysts recommend subscribing, citing the company’s strong position in the […]
MobiKwik IPO Day 2. Check key dates, price band, GMP and review
MobiKwik’s IPO saw strong investor interest, with 7x subscription on the first day. Priced at Rs 265-279 per share, the Rs 572 crore offering aims to fuel growth in financial services and AI. Analysts recommend it for high-risk investors, citing high valuation despite the company’s recent profitability.
At multi-year highs: These 4 stocks witness 5-year swing high breakout
In the Nifty500 pack, four stocks’ close prices crossed above their 200 DMA (Daily Moving Averages) on November 7, 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 […]
Elon Musk’s net worth tops $400 billion
The jump in wealth, the business news outlet reported, came after SpaceX and its investors agreed to purchase as much as $1.25 billion of insider shares in a transaction that valued the rocket and satellite company at about $350 billion, AFP reported.
Asian stocks rise after US inflation backs Fed cut
Australian and Japanese equities climbed while Hong Kong futures were steady. The S&P 500 rose 0.8% and the Nasdaq 100 advanced 1.9% to a new high Wednesday, with the strong showing for tech pushing Amazon.com Inc and Meta Platforms Inc. to fresh records. Broadcom Inc. rose 6.6% following a report that the chipmaker was working […]
Warburg Pincus to inject Rs 1200 crore in Shriram Housing Finance
Warburg Pincus is investing Rs 1,200 crore in Shriram Housing Finance, exceeding its initial commitment by 20%. This follows Warburg Pincus’s Rs 4,630 crore acquisition of the lender, marking the largest housing finance sector M&A deal. The added capital will fuel Shriram Housing Finance’s growth, building on its impressive AUM growth and low NPA ratio.
HSBC bullish on Indian pharma stocks for 2025
The steady generic pricing is a tailwind and execution of key launches like gAbraxane for Cipla will determine the path of US sales in 2025.