Wipro’s Rs 15,000 crore buyback opens tomorrow: 10 key things to know before tendering shares
Wipro’s substantial Rs 15,000 crore share buyback commences tomorrow, June 11, closing on June 17. Investors can tender shares at Rs 250 each, offering a significant premium. Small shareholders receive preferential treatment with a dedicated quota. This move aims to boost share value and utilize surplus cash, with promoters also participating.
How Sensex, Nifty rallied 200% under PM Modi’s record-breaking tenure
Indian equity markets delivered strong long-term returns during Prime Minister Narendra Modi’s tenure, with the Sensex and Nifty gaining around 200% since 2014. Metals emerged as the top-performing sector, while midcaps significantly outperformed broader indices, highlighting sustained wealth creation despite market cycles and evolving economic conditions.
Jefferies upgrades Aegis Vopak shares to Buy, says correction overdone. Here’s why
Shares of Aegis Vopak Terminals gained after Jefferies upgraded the stock to Buy despite lowering its target price to Rs 240. The brokerage believes the recent correction has been excessive and expects long-term growth to be supported by capacity expansion, rising LPG demand and storage-led opportunities.
CMR Green Tech shares fall 8% after solid 43% stock market debut. Buy, sell or hold?
CMR Green Technologies shares fell sharply from their post-listing highs after debuting at a 43% premium to the IPO price. While analysts remain positive on the company’s long-term prospects in the recycled metals space, they advise investors to avoid chasing the stock and wait for better entry levels.
FACT, Chambal Fertilisers shares up 4-5% as government eyes doubling fertiliser subsidy allocation
Fertiliser stocks rallied after reports of a proposed doubling of subsidy allocation to Rs 1.71 lakh crore for FY27. Rising global prices and supply disruptions linked to West Asia tensions are driving concerns. FACT and Chambal Fertilisers gained up to 5%, while analysts track subsidy trends and import costs closely.
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 […]