Federal bank has been in a medium-term uptrend. The recent pullback towards the zone of Rs 154 – 156 was brought into and the stock has been witnessing buying interest from that crucial support zone
Posts in category Business Standard
Healthcare tech firm Indegene shares rally over 26% in debut trade (13-05-2024)
Shares of healthcare tech firm Indegene Ltd on Monday ended with a premium of over 26 per cent against the issue price of Rs 452.
The stock listed at Rs 659.70, up 45.95 per cent from the issue price on the BSE. It later ended at Rs 570.65, rallying 26.25 per cent.
On the NSE, it started the trade at Rs 655, registering a gain of 44.91 per cent. The stock ended at Rs 569.50, up 25.99 per cent.
The company’s market valuation stood at Rs 13,614.40 crore.
In volume terms, 22.73 lakh shares of the company were traded on the BSE and 356.45 lakh shares exchanged hands on the NSE during the day.
The Initial Public Offer (IPO) of Indegene got subscribed 69.71 times on the closing day of bidding on Wednesday last week.
The Rs 1,841.75 crore IPO had a fresh issue of up to Rs 760 crore and an offer-for-sale of up to 2,39,32,732 equity shares.
The price band for the offer was Rs 430-452 a share.
Funds raised through the fresh issue would be used to pay debt, fund capital expenditure requir
Onramp Money and Paxful Announce Strategic Partnership | Revolutionizing Cryptocurrency Transactions Worldwide (13-05-2024)
New Delhi [India], May 13: Onramp.Money, a leader in fiat-to-cryptocurrency transactions, is thrilled to announce a groundbreaking partnership with Paxful, a leading peer-to-peer marketplace serving over 150 countries. This collaboration marks a significant milestone in making cryptocurrency more accessible and affordable globally, particularly in emerging markets.
What EU sanctions on re-exporting Russian LNG would mean for global gas (13-05-2024)
Russian producer Novatek PJSC relies on stopovers in the EU to move Arctic fuel from ice-class ships onto conventional tankers
Sensex swings 1000 points; Jaishankar, Shah try to allay investor concerns (13-05-2024)
“Even if markets have corrected a bit on account of some rumours, I would suggest you buy as markets are going to shoot up after June 4,” said Shah
Gold declines as traders await key US inflation data for more rate cut cues (13-05-2024)
Spot gold fell 0.7% to $2,342.95 per ounce by 1442 GMT. It had hit its highest level since April 22 on Friday
Brent crude oil hovers above $83 as inflation data takes centre stage (13-05-2024)
Brent crude futures were up 55 cents at $83.34 a barrel by 1239 GMT. U.S. West Texas Intermediate crude futures rose 62 cents to $78.88
Coromandel International acquires further 7% stake in Dhaksha Unmanned Systems (13-05-2024)
To invest Rs 150 cr to support research & expansion projects
Coromandel International acquires further 7% stake in Dhaksha Unmanned Systems (13-05-2024)
To invest Rs 150 cr to support research & expansion projects
Cochin Shipyard wins order for construction of Hybrid SOV (13-05-2024)
The vessel is equipped with hybrid battery systems to improve the energy efficiency and reduce the carbon foot prints. The vessel is designed and
built for the service, maintenance and operational needs of the offshore wind farm industry in the European market where sustainable energy solutions are in high demand. The project is expected to be completed by the end 2026.