Posts in category Business Standard
Biocon slips 4% after USFDA asks for corrective measures at Malaysian unit (18-10-2023)
The USFDA has determined the inspection classification as 'OAI' (Official Action Indicated) post inspection of Biocon's step-down subsidiary in Malaysia.
Hudco plunges 9% as govt begins partial stake sale via OFS at discount (18-10-2023)
The floor price for the sale, however, has been set at Rs 79 apiece, which is 12 per cent lower than Tuesday's closing price pf Rs 89.9 per share
Stocks to Watch today: Bajaj Finance, LTTS, Zensar, HUDCO, Glenmark, Biocon (18-10-2023)
Stocks to watch on Wednesday, October 18, 2023: Bajaj Auto, Bandhan Bank, IndusInd Bank, LTIMindtree and Wipro to be in focus ahead of Q2 results today.
Gold drops by Rs 160, silver prices down by Rs 500, trades at Rs 73,600/kg (18-10-2023)
The price of 22-carat gold fell Rs 150, with the yellow metal selling at Rs 54,950
STOCK MARKET LIVE: Sensex down 500 pts, Nifty below 19700; bond yields rise (18-10-2023)
Stock market LIVE updates on Wednesday, October 18, 2023: Shares of Housing Urban Development Corporation tumbled 8 per cent as the government began selling 7 per cent stake in the company via OFS
Buy Rites, Gujarat Alkalies for up to 16% rally, recommends HDFC Securities (18-10-2023)
On the broader market outlook, Vinay Rajani the technical & derivative analyst of HDFC Securities suggests to keep a stop at 19,635 on all long positions in the Nifty.
Nifty FMCG likely to exhibit bullish bias; Metal needs to clear 6964 hurdle (18-10-2023)
The Nifty FMCG can potentially rally nearly 2 per cent from current levels, to near about 53,625, says Ravi Nathani, an independent technical analyst.
IRM Energy collects Rs 160 crore from anchor investors ahead of IPO (17-10-2023)
City gas distribution company IRM Energy Ltd on Tuesday said it has raised over Rs 160 crore from anchor investors ahead of its initial share sale that opens for subscription on Wednesday.
The company has decided to allot 31.75 lakh equity shares to 12 funds at Rs 505 apiece, which is also the upper end of the price band, aggregating the transaction size to Rs 160.35 crore, according to a circular uploaded on the BSE website.
Foreign investors and domestic institutions -- Quant Mutual Fund, SBI General Insurance Company HDFC Life Insurance Company, DSP MF, ITI MF, BOI MF, Nippon AIF, and PNB Metlife -- were the anchor investors.
The IPO is a fresh issue of up to 1.08 crore equity shares. The offer also includes reservation for subscription by eligible employees, and a discount of Rs 48 per equity share is being offered to such employees.
At present, the promoters own 67.94 per cent stake in the company, with the majority being held by Cadila Pharmaceuticals (49.50 per cent), and th
Govt may divest 7% stake in Hudco, Torrent Pharma’s promoters get exemption (17-10-2023)
Sebi has granted open offer exemption to the promoters of Torrent Pharma and Torrent Power
Govt to sell up to 7% stake in HUDCO through an offer for sale this week (17-10-2023)
The plan includes selling 3.5% of the company, with an option to sell an additional 3.5% if the offer is oversubscribed