finance
Within hours of launching on January 9, Jyoti CNC Automation Limited’s Rs 1,000-crore initial public offering (IPO) was fully subscribed. The grey market premium (GMP), which increased by Rs 96, or 29%, above the issue price of Rs 331 on the first day of bidding, was another indication of the excitement among investors. The listing … Read more
January 2nd the shares of textile maker Alok Industries, which are valued at ₹25.9 apiece, were stuck in the 20% upper circuit limit. According to the company’s regulatory filing from today, Reliance Industries invested ₹3,300 crore in the business by subscribing to preferred shares, which caused a notable increase in share price. In November, the … Read more
In anticipation of the 2024 Lok Sabha elections, the Narendra Modi administration increased interest rates on the Sukanya Samriddhi Yojana (SSY) plan by 20 basis points for the January–March quarter. A circular from the finance ministry stated that the interest rate on deposits made under the Sukanya Samriddhi scheme would increase from the current 8 … Read more
Current Hindalco Share Price: A 52-week high of ₹607.65 per share was reached by shares of aluminum manufacturer Hindalco Industries, which were locked in at over 4% upper circuit after the company announced on Wednesday, December 27, that it will acquire a 26% stake in Seven Renewable Power Private Limited (SRPPL). In a regulatory filing … Read more
The IPOs of Kaushalya Logistics and New Swan Multitech are scheduled to take place in India this week and in the next weeks. AIK Pipes and Polymers, Balaji Valve Components, Kay Cee Energy & Infra, MCPL, HRH Next Services, Akanksha Power and Infrastructure, and MCPL are the current active initial public offerings (IPOs). The IPO … Read more