The price of ten grams of 24-carat gold in Mumbai is in line with prices in Kolkata and Chennai at Rs 77,560
Stock to watch: DMart shares in focus today as Q2 revenue rises 14% (04-10-2024)
DMart’s shares are under the spotlight after reporting 14% revenue growth to Rs 14,050 crore in Q2 and adding 6 new stores. The company aims for 45 new stores in FY25 and has a medium-term goal of 45-60 stores annually. Sustainability initiatives are reducing power costs, with land purchases indicating accelerated store expansions.
Forge Auto International shares to list today. What to expect? (04-10-2024)
Forge Auto International debuts on the NSE SME platform today. The company’s shares have a grey market premium of Rs 15. The stock is expected to see a 14% gain, assuming the upper price band of Rs 108. The IPO funds will be used for working capital, repayment of borrowings, and general corporate purposes.
Nexxus Petro Industries shares to list today. GMP signals flat to negative debut (04-10-2024)
Nexxus Petro Industries will debut on the NSE SME platform with shares trading at Rs 0 GMP in the unlisted market. Engaged in trading and manufacturing bitumen, the company serves the infrastructure sector. It reported Rs 28.83 crore revenue and Rs 3.48 crore profit in FY24.
E-pack durables – ODM worth a serious look (04-10-2024)
Epack durables forays into EMS segment by tying up with Panasonic. While they were into PCBA controllers for captive use ,this is the first time they are venturing into EMS for OEM. This is also eligible for PLI of components.
GQG Partners’ Rajiv Jain unimpressed by China stock mania sweeping globe (04-10-2024)
The manager of the top-performing $23 billion GQG Partners Emerging Markets Equity Fund has kept his holdings in Chinese stocks at about 12 per cent
Sahasra Electronics GMP hints at strong listing on NSE SME platform today (04-10-2024)
Sahasra Electronics is set to debut on the NSE SME platform, with shares trading at a GMP of Rs 172. The Rs 186 crore SME IPO was highly subscribed at 122 times. Proceeds will fund capital expenditures and working capital. The company serves global markets and reported robust financials for FY24.
Stock to watch: Reliance Power shares in focus after board approves Rs 4,200 crore fundraise plan (04-10-2024)
Reliance Power Share Price: Reliance Power’s board approves raising $500 million through 10-year, unsecured FCCBs with affiliates of Värde Investment Partners. The funds will aid business expansion, investments, and debt reduction. Additionally, an ESOS scheme for employees is set up, leading to a 5% stock surge on Thursday.