Ellenbarrie Industrial IPO opens for subscription. Should you bid?
Ellenbarrie Industrial Gases, a Kolkata-based industrial gas manufacturer, is launching its Rs 852.5 crore IPO on June 24, with a price band of Rs 380-400 per share. The IPO includes a fresh issue and an offer for sale, aiming to repay debt and expand capacity. SBI Securities recommends subscribing, citing the company’s strong financials and […]
FII nervousness temporary, dips offering buying opportunities: Sunil Subramaniam
Market expert Sunil Subramaniam says domestic liquidity is strong. Mutual fund flows are consistent. SIP book is at 26,000 crores. Fund managers have adequate liquidity tilted towards mid and smallcaps. FIIs are nervous due to the oil spike. Domestic fund managers are buying on dips. Geopolitical tensions create volatility. The market expects the situation to […]
ACME Solar shares jump 3% after securing Rs 1,072 crore refinancing for 250 MW project in Rajasthan
ACME Solar share price: ACME Solar has secured Rs 1,072 crore in refinancing for its 250 MW Rajasthan project, lowering its debt cost to 8.5%. The move is part of a broader strategy to optimise capital structure, with analysts maintaining a ‘Strong Buy’ rating on the stock.
Positive Breakout: These 10 stocks cross above their 200 DMAs
In the NSE list of stocks with a market cap of over Rs 20,000 crore, 10 stocks’ close prices crossed above their 200 DMA (Daily Moving Averages) on June 23, 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 […]
Shri Hare-Krishna Sponge Iron IPO opens for subscription. All you need to know before subscribing
Shri Hare-Krishna Sponge Iron Ltd’s IPO, a fresh issue of 50.70 lakh shares priced between Rs 56 and Rs 59, opens on June 24, 2025, aiming to raise Rs 29.91 crore. The company will use the funds to establish a captive power plant. The firm reported a revenue of Rs 83.6 crore and a profit […]
Asian shares rally, oil prices tumble as Trump announces Iran-Israel ceasefire
Global shares surged and the dollar weakened following reports of a ceasefire agreement between Iran and Israel, brokered by U.S. President Trump. Oil prices plummeted as concerns over supply disruptions eased, boosting risk assets. The yen and euro gained due to their reliance on oil imports, while U.S. Treasury yields rose slightly amid shifting expectations […]
Centre mulls options to give Vi relief on Rs 84,000 cr dues
The government is exploring ways to ease Vodafone Idea’s financial burden. Options include extending the repayment period for AGR dues and changing the interest calculation method. The goal is to prevent the telecom operator from collapsing. The government is the largest shareholder and wants to protect its investment. Vi faces significant payment obligations in the […]
Kalpataru to raise Rs 1,590 crore through IPO amidst debt repayment plans and improved financials
Kalpataru, a Mumbai-based real estate developer, is set to launch an IPO to raise ₹1,590 crore for debt repayment, diluting promoter stake to 81.3%. The company’s revenue and margins have improved, with reduced unsold inventory and shorter overhang days. While higher costs previously impacted the bottom line, Kalpataru has started reporting profits in the recent […]
Accenture guidance spooks D-Street, investors trim IT bets
Accenture’s lowered revenue growth guidance triggered a sell-off in Indian IT stocks, with the Nifty IT index falling 1.5%. Investors are concerned about subdued discretionary IT spending and delayed recovery expectations. While Gen AI bookings showed growth, the momentum slowed, impacting future revenue projections. Interest rate cuts in the US could provide a positive trigger.
Equities decline amid US-Iran tensions and rising oil prices
Indian stock markets fell on Monday. This happened after US military action against Iranian nuclear sites. Infosys, HCL Technologies, and TCS led the decline. This was due to Accenture’s revenue guidance falling short. Investors are watching West Asia tensions closely. They are concerned about oil supply. The market is also monitoring Iran’s potential response and […]