Jindal Steel, Welspun Corp, JSW Steel, and Vedanta led the losses, dropping 2 per cent each. NMDC, National Aluminium, Hindalco, Jindal Stainless, Tata Steel and SAIL lost up to 1.5%
Posts in category Business Standard
Jio Financial share exclusion from Sensex, indices postponed to Aug 31 (25-08-2023)
Before opening of trading on September 1, the JFSL stock will be removed from all S&P BSE indices, including Sensex, Sensex 50, BSE 100, BSE 500, among others
VST Tillers soars 14% on pact with US firm to develop electric power tiller (25-08-2023)
The company has entered into a Master Service agreement with US-based Solectrac Inc. to jointly develop electric power tiller and other agricultural machineries
Syrma hits new high on 1-yr lock-in expiry; more than doubles since listing (25-08-2023)
The stock, which listed a year ago on August 26, 2022, has surged nearly 2.5 times (143 per cent) from its issue price of Rs 220. On its debut day, the stock had closed with a 41 per cent gain
Ashish Kacholia buys 1 mn shares of this auto company; stk up 43% in 2 days (25-08-2023)
Ace investor Ashish Rameshchandra Kacholia bought 1.03 million shares os Universal Autofoundry on Thursday
Rishabh Instruments’ IPO to open on Aug 30; price band fixed Rs 418-441 (25-08-2023)
Global energy efficiency solution company Rishabh Instruments Ltd on Friday said it has fixed a price band of Rs 418-441 per share for its Rs 491-crore initial public offering (IPO).
The maiden public issue will open for subscription on August 30 and close on September 1, the company announced.
The IPO comprises a fresh issue of equity shares aggregating up to Rs 75 crore and an offer for sale (OFS) for up to 94.3 lakh equity shares by its promoter group shareholders and an existing investor, according to its draft red herring prospectus (DRHP).
Asha Narendra Goliya, Narendra Rishabh Goliya (HUF), Rishabh Narendra Goliya, and SACEF Holdings II will offload shares of the company in the OFS.
Proceeds from the issue worth Rs 59.50 crore will be utilised towards financing the expansion of its manufacturing facility in Nashik and for general corporate purposes.
The company through its IPO will fetch Rs 469.10 crore – Rs 490.78 crore at the lower and upper end of the price band, …
Escorts Kubota hits new high, surges 8% in 2 days in weak market (25-08-2023)
With the rapid pace of urbanisation and modernisation in India, the future seems bright for Railway Equipment business Division as Indian Railway network is growing at a healthy rate
EIH hits 52-week high as promoter Oberoi Group partners Reliance Industries (25-08-2023)
Reliance Industries and The Oberoi Hotels and Resorts will jointly manage three properties across India and the UK
Kaynes up 14%, hits record high on Rs 3,750 crore MoU with Karnataka Govt (25-08-2023)
Kaynes will setup Semiconductor Assembly & Testing (OSAT) facility and Printed Circuit Board (PCB) manufacturing plant through its step down subsidiaries.
Vodafone Idea rises 6% in weak market; stock surges 12% in 5 days (25-08-2023)
According to reports, the debt-ridden telecom operator plans to clear about Rs 2,400 crore of dues to the government by September