ITC acquires 2.44% stake in EIH and 0.53% in Leela Mumbai
EIH, the flagship company of The Oberoi Group, holds a 2.44% stake, amounting to over 1.5 crore equity shares. Meanwhile, HLV, closely associated with The Leela Mumbai, owns 0.53% equity, translating to 34.60 lakh equity shares.
Tech view: Nifty forms red candle; 24,360 holds key for further upside. How to trade on Thursday
If Nifty holds Wednesday’s low of 24,150, a rebound to 24,350 is possible. However, sustaining above 24,360 (100-DEMA) is crucial for further gains. Below this level, traders should remain cautious, advises Hrishikesh Yedve of Asit C. Mehta Investment Intermediates.
SEBI board meeting today: SME IPO listing rules, Insider trading on the agenda
The Securities and Exchange Board of India (SEBI) convened a board meeting on December 18, 2024, to deliberate on key regulatory changes. These include stricter regulations for SME listings, broadening insider trading norms by encompassing additional categories under Unpublished Price Sensitive Information (UPSI), and establishing a framework for specified digital platforms (SPFs).
US market dynamics pose risks for IT stocks; pharma offers limited respite: Rohit Srivastava
I mean, alternately if we break the current range, then even the Bank Nifty would go into a free fall and then retest the 50,000 marks, so that is the risk but again there is some short-term oversold reading that should give us some kind of a relief in the next couple of days is […]
MobiKwik shares jump over 18% after giving strong listing gains. What should investors do?
Shares of fintech firm One MobiKwik Systems surged by 18.5% to Rs 524 on BSE on Wednesday, after listing at a strong premium of 58.5% at Rs 442.25. On the NSE, the shares were listed at Rs 440, reflecting a 57.7% premium over the issue price of Rs 279.
Ambuja Cements shares jump over 1% as Adani Group merges Sanghi Industries, Penna Cement
Ambuja Cements’ shares rose after announcing the merger of Sanghi Industries and Penna Cement. Sanghi shareholders will receive 12 Ambuja shares for every 100 they own. This merger boosts Ambuja’s cement production capacity, aiming to exceed 100 MTPA by the fiscal year-end. The move streamlines operations and enhances shareholder value.
Piramal Enterprises shares slip 2% as co to consider NCD issuance on Friday
Piramal Enterprises’ shares dipped 2.3% after the company announced plans for a public issuance of non-convertible debentures (NCDs). The decision will be finalized at a board meeting on Friday. While the stock has performed well over the past year and YTD, it’s seen a slight decline recently and is currently trading below its 10-day EMA […]
Sanghi Industries shares tumble 12% on merger with Ambuja Cements
Sanghi Industries shares dropped 12.4% after Ambuja Cements announced a merger scheme offering 12 shares for every 100 Sanghi shares. The merger aims to enhance efficiency and streamline operations.
Jindal Saw shares rally over 7% after inking deal to acquire 31.2% stake in ReNew Green Energy
Jindal Saw shares rose 7.7% after acquiring up to 31.2% stake in ReNew Green MHH One, aiming for concessional electricity rates. The deal will make RGMHH an associate by May 2025.
Va Tech Wabag shares crack 19% after Rs 2,700 crore Saudi Arabia order gets canceled
Shares of Va Tech Wabag dropped 19.2%, hitting a low of Rs 1,522.30 on the BSE today, after the company disclosed that its Rs 2,700 crore order for a 300 MLD mega seawater desalination plant in Saudi Arabia had been canceled.