Waaree Energies IPO opens on October 21, priced at Rs 1427-1503. Grey market premium is around Rs 1350, indicating a potential multibagger listing. The company plans to use funds for a 6 GW manufacturing facility in Odisha and general corporate purposes.
Investors cheer IPO announcement from Waaree Energies as GMP hints at multibagger gains (16-10-2024)
HCL Technologies, Oberoi Realty among 6 large & midcap stocks that hit 52-week highs on Wednesday (16-10-2024)
Indian stocks fell Wednesday as investors weighed disappointing company earnings and foreign fund outflows, despite a drop in crude oil prices.
What factor will swing Maharashtra verdict – crop, caste or cash? Poll drama turns more and more intense (16-10-2024)
The Election Commission of India has set Nov 20 for Maharashtra’s single-phase polls and the Nanded bypoll. Counting starts on Nov 23. This election will determine the dominant factions within Shiv Sena, NCP, and their alliances. Economic challenges and unresolved social issues will impact the strategies and outcomes for all parties involved.
Akums Drugs secures exclusive rights to Triple Hair’s products in India, stocks shoot up (16-10-2024)
Akums will manage the commercial strategy to promote and offer Triple Hair’s patented products to its marketing partners and clients within the Indian market
DGCA discontinues enhanced surveillance on SpiceJet (16-10-2024)
SpiceJet announced that the Directorate General of Civil Aviation (DGCA) has removed the airline from its enhanced surveillance regime. The enhanced surveillance was initiated on 13 September 2024.
VST Industries: Puff full of power? (16-10-2024)
Looking at reduction of holding by both FIIs and DIIs compared to last quarter, the only assumption is more retailers have bought this stock in the last quarter. (3.77% increase)
Premier Polyfilm Ltd leads losers in ‘B’ group (16-10-2024)
Secmark Consultancy Ltd, Ashoka Metcast Ltd, Aksh Optifibre Ltd and Avadh Sugar & Energy Ltd are among the other losers in the BSE’s ‘B’ group today, 16 October 2024.
Fund managers pare India allocation in favour of China: BofA survey (16-10-2024)
Foreign investors have taken out nearly $8 billion from Indian equities so far in October, on track to be the largest outflow since March 2020 at the peak of the pandemic fears
RIL, Power Grid among top 10 Diwali picks from JM Financial with upside potential up to 30% (16-10-2024)
As the festive season sparks optimism in the markets, JM Financial has identified a selection of stocks with the potential for significant returns. The domestic brokerage firm believes these picks could deliver gains of up to 30%, offering investors a chance to capitalize on the positive market sentiment.
Sterlite Technologies launches AI-focused Data Centre portfolio, stocks rise (16-10-2024)
Sterlite Technologies’ portfolio aims to address the growing demand for high-density optical fibre infrastructure in GPU-based data centres