The company's electronics vertical is expected to emerge as the key business and profitability driver over the coming years.
The board approved issuance of up to 5.81 mn convertible warrants at Rs 198 per share to promoters and non-promoters including ace investor Vijay Kedia
LIC, which owns 49.2% in IDBI Bank, will cut its stake to 19%, while the government will reduce its shareholding to 15% from 45.5% at present
CLOSING BELL: The three-day IPO of Electronics Mart India was subscribed 62 times till 3:30 PM
The average trading volumes on the counter more-than-doubled with a combined 155.71 million shares changing hands on the NSE and BSE till 02:59 PM
After muted months of July and August, mainly due to delayed weddings in South India, analysts expect demand to bounce back in the December quarter given Navratri, and festive season across India
In the past three months, the stock soared 133 per cent, as against 7 per cent rise in the Sensex.
Shares of CWD hit a new high of Rs 2,121, up 5 per cent on the BSE and zoomed over 1,000 per cent against its issue price of Rs 180 per share.
As per the revised terms, the said transaction price was reduced from euro 600 million to euro 520 million.
In Q2FY23, Ujjivan Small Finance Bank's gross loan book jumped 44 per cent YoY to Rs 20,938 crore on the back of sustained growth in disbursement
Tata Group firm said its witnessed healthy double-digit growth across most businesses with overall sales growing 18 per cent YoY in September quarter.
According to the technical analyst from Anand Rathi, Godfreh Phillips can jump to Rs 1,320, while Zydus Wellness can be bought for a target of Rs 1,860.
Stocks to Watch Today: Shares of Titan are likely to be in focus after the company reported 18 per cent sales growth for the September quarter; Dabur may see a downtick owing to earnings warning.
In the past three months, the market price of MDL more-than-doubled or zoomed 136 per cent, as against 9 per cent rise in the S&P BSE Sensex.
Adani Green Energy, Adani Total Gas, Adani Enterprises and Adani Transmission were trading higher in the range of 2 per cent to 4 per cent
Analysts believe that the company sounded positive about the strong order inflows in the coming quarters, given government's target to achieve 20 per cent ethanol blending by 2025 (EBP-20)
Amid the recent market fall,11 stocks hit record highs. Whenever any stock exhibits reluctantance to weaken despite a pessimistic bias, it means the underlying trend possesses a robust momentum.
The company expects their EBITDA to decline in mid-teens in the September quarter of FY23, due to consumption of high-cost inventory, high marketing spends and weak Indonesia performance
According to media reports, preliminary North American Class 8 net orders for September soared to 56,500 units, the most-ever for a single month
Analysts believe that the approval paves way for the consummation of the merger by Q4 of this fiscal year.