Afcons Infra shares soar over 9% on Rs 5,301 cr order to build world’s second-largest breakwater
Afcons Infrastructure shares surged following a significant contract win. The company will construct a 10.14-km breakwater for Vadhvan Port in Maharashtra. This project is valued at Rs 5,301 crore. The breakwater is expected to be one of the world’s longest upon completion. This development highlights Afcons’ expertise in large-scale marine infrastructure projects.
NLC India drops 3% even as gov OFS draws robust institutional demand; retail window opens today
NLC India shares fell sharply on Wednesday even as the government’s Offer for Sale (OFS) attracted strong demand from institutional investors, with bids worth Rs 4,158 crore on day one. The Centre has exercised the oversubscription option, taking the total stake sale size to Rs 1,263 crore.
Utkal Speciality Industries IPO: Check GMP, price band, subscription and other details
Utkal Speciality Industries India’s IPO opens Wednesday, aiming to raise Rs 34.5 crore with shares priced between Rs 62-66. The SME issue, closing June 12, targets expansion and debt reduction. Despite zero grey market premium, indicating cautious listing expectations, the company shows steady financial growth. Retail investors receive a significant allocation.
CMR Green shares make strong D-Street debut, list at 43% premium over IPO price
CMR Green Technologies made a strong debut on the stock market, with shares listing at a 43% premium on the BSE and 40% on the NSE. The company’s IPO was highly subscribed, attracting significant interest from institutional investors. As a leading non-ferrous metal recycler, CMR Green is well-positioned to capitalize on the growing demand for […]
Dixon Tech shares rise as subsidiary enters JV to manufacture optical telecom products
Dixon Technologies’ shares rose after its subsidiary, Dixon Electroconnect, partnered with Gemtek Technology to form a joint venture. This new entity will manufacture and supply optical transceivers and other telecom products in India. Dixon will hold a 60% stake in the venture, aiming to leverage manufacturing prowess with Gemtek’s optical module expertise for high-speed networks […]
CleanMax shares soar 15% to record high on Meta partnership
CleanMax Enviro Energy Solutions shares surged 15% to a 52-week high after announcing a 900 MW renewable energy partnership with Meta Platforms. The projects include solar and wind assets, with Meta purchasing 100% of environmental attributes. The deal strengthens Meta’s clean energy goals and reinforces CleanMax’s position in India’s C&I renewable energy market, backed by […]
FPIs lap up bonds worth 10,000 cr in four sessions
Foreign investors have injected nearly ₹10,000 crore into Indian bonds in four sessions, reversing recent outflows. This surge follows tax exemptions on eligible debt gains and expanded investment options. Bond yields have subsequently declined, signaling a positive shift in investor sentiment towards India’s debt market.
Regional retail companies chase IPO gold to fund dreams
Small towns in India are becoming major retail growth centers. This is leading many regional companies to plan initial public offerings. These companies aim to raise significant funds to expand their operations. Rising incomes and better connectivity are fueling this trend. Consumers in these areas are increasingly buying branded products. This shift signals a new […]
Prop traders seek relief on margin funding as global rivals up game
Indian market participants are calling for a fresh look at margin funding policies, aiming for adjustments from the central bank. The proposed framework seeks to clarify the roles of liquidity providers versus speculators, with the intention of obtaining reduced margin requirements for bank guarantees.
Bank stocks rally as RBI steps lift mood, trigger short covering
On Tuesday, bank stocks rocketed upwards following strategic interventions by the Reserve Bank of India aimed at shielding foreign currency loans. This move has revitalized investor confidence, propelling Bank Nifty to a remarkable close above 55,000. Many banks saw impressive gains, and experts forecast that these measures will enhance deposit growth while reducing overall funding […]