Ajax Engineering IPO to hit Street on February 10, price band fixed at Rs 599-629. Check details
The IPO of Ajax Engineering, a concrete equipment manufacturer, will open for public subscription on February 10, with a price band of Rs 599-629 per share. The offering consists solely of an offer-for-sale of 2.01 crore equity shares, with proceeds allocated to selling shareholders. Key sellers include Kedaara Capital, Krishnaswamy Vijay, and others.
Stocks to buy today: Nykaa, GAIL among top 9 trading ideas for February 5, 2025
The Indian market is expected to trade higher on Wednesday, following positive global cues. The Nifty50 closed 378 points up at 23,739 on Tuesday, with the India VIX dropping 2.33%. Technical indicators suggest a bullish trend, with resistance at 23,800–23,850 and support at 23,400–23,450. Experts recommend buying stocks like L&T Technology, Kotak Mahindra Bank, and […]
ITC Hotels to be removed from Sensex and BSE indices today
ITC Hotels share price: The newly demerged entity made its debut on the NSE and BSE at Rs 180 and Rs 188 per share, respectively, giving it a market valuation of Rs 39,126.02 crore at the time of listing. Since then, its valuation has decreased to Rs 34,266.48 crore.
Asian Paints shares in focus after Q3 results. Should you buy, sell, or hold?
The revenue from operations for Q3FY25 stood at Rs 8,549 crore, marking a 6% decline from Rs 9,103 crore reported in the corresponding quarter of the previous financial year.
Amwill Healthcare IPO opens today: Check key dates, price band, GMP and other details
Amwill Healthcare’s IPO, involving a mix of fresh equity sale and OFS, has opened for investors with a price band of Rs 105-111 per share. The proceeds will fund various corporate activities. The share allotment is expected by February 10, with the listing slated for February 12.
Tata Power shares in focus after Q3 profit rises 10% YoY to Rs 1,188 crore
Tata Power reported a consolidated net profit increase of 10% year-on-year, reaching Rs 1,188 crore for Q4 2024, driven by higher revenues. The company plans to explore opportunities in small modular nuclear reactors, with a current operational clean energy capacity of 6.7 GW and 10 GW in progress.
CONCOR, Sun Pharma among 6 stocks set to trade ex-dividend on Thursday. Last day to buy
State-owned Container Corporation of India, Sun Pharmaceutical Industries, and four other companies will be the focus as February 6 is set as the record date for determining shareholder eligibility for dividend payouts. Investors must purchase shares by February 5 to qualify. Dividends from these companies are a significant component of total shareholder returns.
Q3 results today: Swiggy, Info Edge among 124 companies to announce earnings on Wednesday
Swiggy’s third-quarter revenue is expected to see a sequential improvement, but losses are projected to expand to around Rs 700 crore. Revenues are estimated to rise to Rs 4,035 crore, driven by growth in food delivery and quick commerce segments, despite competitive pressures and aggressive expansion.
Asian Paints flags weak urban demand as Q3 earnings fade
Raw material costs stood at 57.7% of the consolidated revenues-higher than the year-ago level of 56.5%. Other expenses, too, climbed to make up 16.2% of the revenues-much higher than the y-o-y level of 14.8%. These increased expenses, and a less favourable product mix, dented profitability.
Spandana Sphoorty Financial downgraded by CareEdge, ICRA after Q3 results
CareEgde Ratings: CareEdge and ICRA downgraded Spandana Sphoorty Financial’s debt ratings after weak Q3 results. The microfinance firm faced covenant breaches, early redemptions, and rising NPAs, posting ₹601 crore losses in FY25. Loan write-offs reached ₹971 crore, increasing credit costs.