Posts in category Business Standard
Eveready Industries soars 11% on strong volume; hits 52-week high (22-08-2023)
The stock has gained nearly 43 per cent so far in FY24 as against a 12 per cent rally in benchmark Sensex.
Mahindra Lifespace rallies 9%; hits record high on strong growth outlook (22-08-2023)
The new CEO Amit Sinha has outlined ambitious business growth of 5x over the next 5 years from around Rs 2,268 crore of residential and IC business sales to Rs 8,000-10,000 crore by FY28.
Dredging Corporation surges 14%, hits over 4-year high on solid Q1 results (22-08-2023)
The company said that they are aiming at a record highest turnover of Rs 1,200 crore for FY24
Adani Enterprises gains 3% as promoter firm buys 2% stake via open market (22-08-2023)
Founder firm Kempas Trade and Investment bought 25.3 million shares or 2.22 per cent stake in the company from the open market between Aug 7 to Aug 18.
Stocks to Watch: Adani Power, Glenmark Pharma, Union Bnk, SJS, Paytm, RITES (22-08-2023)
Stocks to watch on August 22, 2023: As per reports, about 30 per cent equity worth Rs 541.5 crore will change hands via a block deal in SJS Enterprises today
Price of silver Rs 50 to Rs 59,070, Silver unchanged at Rs 73,300 (22-08-2023)
The price of 22-carat gold also rose by Rs 50, with the yellow metal selling at Rs 54,150
Stock Market LIVE: Sensex flat; Adani Power up 5%, Jio Financial down 5% (22-08-2023)
Stock market updates, LIVE: Broader markets, meanwhile, outperformed benchmark indices as Nifty Midcap 100 and Nifty Smallcap 100 indices surged up to 0.4 per cent
Nifty Fin Services, Pvt Bank indices may consolidate in this trading band (22-08-2023)
According to Ravi Nathani, an independent technical analyst, the Nifty Financial Services index is likely to consolidate in a band of 19,650 - 19,425.
Ambuja Cements’ open offer for Sanghi Industries to commence from Sept 29 (21-08-2023)
Adani group-owned entity Ambuja Cements' open offer to acquire 26 per cent equity from the public shareholders of Gujarat-based cement maker Sanghi Industries would commence from September 29, according to a document.
Ambuja Cements Ltd (ACL) would buy 26 per cent equity shares of Rs 10 each of Sanghi Industries from its public shareholders for a price of Rs 114.22 apiece. The offer would be worth up to Rs 767.16 crore, according to a Draft Letter of Offer.
The offer price is at a premium of 5.12 per cent as the shares of Sanghi Industries on Monday settled at Rs 108.65 apiece on BSE.
On August 7, shares of Sanghi Industries were at Rs 116.59, the highest in the last three months.
The open offer will tentatively commence on September 29, 2023, and close on October 13, 2023, said the Draft Letter of Offer received by the target company from SBICAP Securities.
On August 3, Gautam Adani-owned ACL announced to acquire 56.74 per cent stake in Sanghi Industries Ltd (SIL) from its existi
Union Bank on India to raise up to Rs 5,000 cr through QIP of equity shares (21-08-2023)
Union Bank of India on Monday said it will raise up to Rs 5,000 crore through qualified institutional placement.
A Committee of Directors on Raising Capital Funds has, at its meeting held on Monday i.e. August 21, 2023, approved the raising of funds for an amount not exceeding Rs 5,000 crore through the issue of equity shares through Qualified Institutions Placement (QIP), Union Bank said in a regulatory filing.
The floor price of the issue is Rs 91.10 per equity share, while the date of opening of the issue is Monday, the bank added.