CG Power shares have increased following the launch of India’s first OSAT facility in Sanand, Gujarat. CG Semi, a subsidiary, launched the facility. Morgan Stanley initiated coverage with an ‘Overweight’ rating. The company is investing significantly in two facilities. These facilities are expected to create jobs.
BofA Securities enters Kaynes Technologies via Rs 42 crore block deal; stock down 48% in six months
BofA Securities acquired 1.16 lakh Kaynes Technologies shares via a block deal, while the stock continues a multi-month downtrend despite rising revenue and quarterly profit