Share Price

Avalon Technologies' initial share sale received a lukewarm response from investors, with the offer getting subscribed 9 per cent on the second day of subscription on Wednesday. The Initial Public Offering (IPO) received bids for 10.77 lakh equity shares against 1.14 crore shares on offer, according to the data available with the National Stock Exchange (NSE). The three-day issue, which will close on Thursday, has received 45 per cent subscription from Retail Individual Investors (RIIs). The quota for Non-Institutional Investors (NIIs) was subscribed 5 per cent while Qualified Institutional Buyers (QIBs) quota remained unsubscribed on the second day. On Friday, Avalon Technologies said that it has raised a little over Rs 389 crore from anchor investors. The IPO comprises a fresh issue of aggregating Rs 320 crore and an offer for sale of up to Rs 545 crore by promoters and existing shareholders. The company has fixed a price band of Rs 415-436 per share. Proceeds from the fresh i

The Nifty 50 closed 0.91% higher at 17,557.05, while the S&P BSE Sensex rose 0.99% to 59,689.31. Both the benchmarks have extended gains for a fourth session in a row

Shares of Cyient on Wednesday jumped 5 per cent in the mid-session trade after the IT company rejigged its top management. The stock of the firm zoomed 5.07 per cent in the mid-session trade at Rs 1,045 apiece on the BSE. During the intra-day trade, the stock touched its 52-week high of Rs 1,049.80 per share. On the NSE, it climbed 4.97 per cent to Rs 1,044.15 per piece. In the mid-session trade, the 30-share BSE Sensex is trading 522.92 points or 0.88 per cent higher at 59,626.22 points. On Monday, IT company Cyient said that it has rejigged top management roles with the elevation of its managing director and CEO Krishna Bodanapu to the position of executive vice-chairman and MD.

Indowind Energy Ltd on Friday said its board has approved the allotment of over 1.75 crore shares for Rs 12 per equity share. This price includes a premium of Rs 2 on each share, Indowind Energy said in a regulatory filing. "In the meeting held on March 31, 2023, the Board considered and approved the allotment of 1,75,93,294 equity shares at a price of Rs 12 per equity share (including a premium of Rs 2 per equity share) (allotment)," it said. In view of the above, the paid-up equity share capital of the company has increased from Rs 89,74,14,860 (8,97,41,486 equity shares of Rs 10 each) to Rs 107,33,47,800 (10,73,34,780 equity shares of Rs 10 each), it added.

While global slowdown may limit growth and margins may have peaked, analysts are divided with target prices ranging between Rs 2,820 and Rs 3,370

-Shares in India's Adani Group rallied on Tuesday a day after it prepaid some loans, bringing relief to investors that have seen $113.6 billion wiped off.

A sustained move over the 50-DMA of Rs 3,881 could see the counter heading towards recording a new historic peak

Paytm's stock price dive is the steepest first-year slide globally among IPOs that raised at least the same amount since Spain's Bankia SA's 82% drop in 2012

The stock hit a high of Rs 476 and a low of Rs 440.2 on NSE; firm's IPO was subscribed 32 times

On Tuesday, NDTV shares closed trade on the BSE at Rs 384.10 apiece, after hitting the 5-per cent upper circuit during the day

Near-term margins, however, may remain under pressure

The initial capacity to be set up would be 265,000 tonnes per annum. In addition, clinker grinding would be set up in India as well

The company is issuing 2.4 billion new shares at Rs 5 apiece; proceeds will be used pare debt, which currently stands at Rs 3,272 crore

Credit Suisse's share price has fallen nearly 60 per cent in 2022, more than halving its market cap in just a matter of months

The response was poor as the current market price is far above the open offer price, bankers said

The government will acquire a stake in debt-ridden Vodafone Idea after the stock price of the company stabilises at Rs 10 or above, according to an official source. Vodafone Idea (VIL) board has offered a stake to the government at a par value of Rs 10 per share. "There is a SEBI norm that the acquisition should take place at par value. DoT will clear the acquisition after VIL shares stabilise at Rs 10 or above," an official source told PTI. VIL shares are trading below Rs 10 since April 19. The stock declined by 1.02 per cent to trade at Rs 9.68 on BSE on Thursday. The finance ministry had cleared the proposal to acquire stake in VIL in July. Debt-ridden Vodafone Idea (VIL) has decided to opt for converting about Rs 16,000 crore of interest liability payable to the government into equity which will amount to around 33 per cent stake in the company while promoters' holding will come down from 74.99 per cent to 50 per cent. The government has given telecom operators an option of

The successful listing follows a strong response to the company's maiden share sale, which had garnered nearly 57 times subscription last month

The stock touched an intra-day high of Rs 14.46 apiece on the BSE, closing trade at Rs 14.24 a share, up 19 per cent over the previous day's close

Cummins India's stock has gained 27 per cent since its lows in June, helped by a strong first quarter, expectation of improved demand and margin recovery.

In the past 5 trading sessions alone, the share price of Trent Ltd has jumped 11 per cent. On NSE, Trent rose 4.63 per cent to close at Rs 1,475.30, on Wednesday