Garuda Construction and Engineering’s IPO saw robust interest, especially from retail investors who oversubscribed 5.4 times on day two. The price band is Rs 92-95 per share, with plans to raise Rs 173 crore from fresh equity. Analysts recommend subscribing due to strong order books and promising growth prospects.
Posts in category Economic Times
Shares of ICICI Lombard rise as Nifty gains (09-10-2024)
On the technical charts, the 200-day moving average of the stock stood at Rs 1764.17.
Rekha Jhunjhunwala trims stake in this multibagger PSU. Check details (09-10-2024)
D-Street investor Rekha Jhunjhunwala reduced her stake in Canara Bank to 1.42% by end of September 2024, down from 13.32 lakh shares in the previous quarter. Canara Bank’s promoter group holds 62.9% shares, while mutual funds and retail investors increased their stakes.
Trent shares rally 12% in 2 days after launching its lab-grown diamond brand (09-10-2024)
Trent Share Price: Trent’s shares surged by 12% as it launched its lab-grown diamond (LGD) brand ‘Pome’ in select Westside stores. Priced affordably, Pome targets broad-based LGD penetration. Domestic and global brokerages see value in Trent’s strategy, noting significant potential in emerging categories and strong financial returns.
SRF shares up 0.57% as Nifty gains (09-10-2024)
The stock quoted a 52-week high price of Rs 2697.45 and low of Rs 2081.25.
TCS Q2 preview: Revenue may grow by up to 7.7% YoY while 8-10% uptick in PAT seen (09-10-2024)
Indian IT giant Tata Consultancy Services (TCS) is forecast to see up to 7.7% year-on-year revenue growth in the September quarter, chiefly driven by the BSNL deal. Analysts expect a net profit uptick of 8-10%, with varied growth estimates from different brokerages.
RBI opens the door for interest rate cut. What it means for stock market investors (09-10-2024)
The Reserve Bank of India changed its policy stance to neutral from withdrawal of accommodation while maintaining the repo rate at 6.5%, hinting at a potential rate cut in the upcoming year. Stock and bond markets responded positively, with significant gains in financial sectors.
Gold prices may touch Rs 80,000/10 gm mark amid ongoing festive season (09-10-2024)
Analysts foresee gold prices potentially reaching Rs 80,000 per 10 grams due to ongoing Middle East tensions, economic slowdown concerns, and the upcoming U.S. election. Despite potential corrections, festival season buying remains strong, but higher prices might limit physical market volumes in India.
Godrej Consumer stock price up 2.46 per cent as Sensex climbs (09-10-2024)
As of 30-Jun-2024, promoters held 63.01 per cent stake in the company, while FIIs held 22.42 per cent and domestic institutional investors had 5.89 per cent.
Share price of Adani Power jumps as Sensex gains 310.32 points (09-10-2024)
A total of 94,987 shares changed hands on the counter till 12:26PM (IST)