Posts in category Business Standard
Jupiter Wagons raises Rs 125 cr via qualified institutional placement route (16-05-2023)
Jupiter Wagons Ltd (JWL) has raised Rs 125 crore through qualified institutional placement (QIP) route.
The funds will be utilized to accelerate its wagon manufacturing capacity, JWL said in a statement on Tuesday.
"JWL...has successfully concluded the fundraising exercise through QIP for Rs 125 crore. The QIP got an overwhelming response from investors like Tata Mutual Fund, Ananta Capital, ITI Mutual Fund, etc," it said.
Managing Director Vivek Lohia said, through this fundraise the company intends to improve the efficiency of its working capital, accelerate growth trajectory through the planned acquisition and pursue other business objectives.
JWL is a leading provider of comprehensive mobility solutions encompassing rail, road, and marine transportation. The company also has a presence in the commercial electric vehicle (CEV) segment.
The company did not share any further details on the fundraise.
Jupiter Wagons raises Rs 125 cr via qualified institutional placement route (16-05-2023)
Jupiter Wagons Ltd (JWL) has raised Rs 125 crore through qualified institutional placement (QIP) route.
The funds will be utilized to accelerate its wagon manufacturing capacity, JWL said in a statement on Tuesday.
"JWL...has successfully concluded the fundraising exercise through QIP for Rs 125 crore. The QIP got an overwhelming response from investors like Tata Mutual Fund, Ananta Capital, ITI Mutual Fund, etc," it said.
Managing Director Vivek Lohia said, through this fundraise the company intends to improve the efficiency of its working capital, accelerate growth trajectory through the planned acquisition and pursue other business objectives.
JWL is a leading provider of comprehensive mobility solutions encompassing rail, road, and marine transportation. The company also has a presence in the commercial electric vehicle (CEV) segment.
The company did not share any further details on the fundraise.
SBI hits over 3-month high ahead of Q4 results; stock gains 8% in one month (16-05-2023)
SBI is a sector proxy that benefits from its strong liability franchise and continued favourable sector tailwinds
Aurobindo hits 52-week high; zooms 63% from Feb low on improved performance (16-05-2023)
Analysts believe Aurobindo has multiple growth drivers in place with investments in vaccines, injectables, biosimilars and PLI, which are expected to be reflected from FY24
Engineers India hits over 3-year high; stock surges 45% in 7 weeks (16-05-2023)
The company is currently working on feasibility projects across multiple hydrocarbon fuels, pipeline and renewable fuels like hydrogen, ethanol and other biofuels.
BSE Midcap index hits 52-week high; Astral surges 9% on strong Q4 results (16-05-2023)
Despite global concerns, the domestic market structure remains positive on the back of healthy macro data, strong earnings, and recent FIIs buying, brokerage firm Motilal Oswal said in a note.
HDFC, HDFC Bank turn ex-date for dividend; shares fall up to 2% (16-05-2023)
HDFC had declared a dividend of Rs 44 per share, whereas HDFC Bank had announced a dividend of Rs 19 per share.
PVR Inox hits 52-week low; down 4% as Q4 net loss widens to Rs 333 cr (16-05-2023)
The management believes that the two major factors that marred the industry in FY23 - underperformance of Hindi films and less number of Hollywood releases, will both ease out in FY24.
Stocks to Watch today, May 16: RIL, Adani Ent, HDFC, Airtel, BoB, IOC (16-05-2023)
Stocks to Watch on Tuesday: Multiplex firm PVR Inox Ltd, on Monday, reported a widening in consolidated net loss at Rs 333 crore for Q4FY23
Market Live: Sensex down 150 pts; Broader indices buck trend, gain 0.5% (16-05-2023)
Stock market live on May 16, 2023: The broader markets outperformed benchmarks. The BSE MidCap and SmallCap indices rose up to 0.8 per cent with the former clocking a new 52-week high