Page 7 - Markets

NCC rallies 19% thus far in March on Rs 2,374-crore order win in February

Going forward, the management expects the gained momentum in the order inflows to continue with its strong emphasis on affordable housing, Jal Jeevan mission, roads and expressways, metro and railways

Stock of this IT company has zoomed over 1,200% in 3 years

On Wednesday, KPIT Technologies announced its partnership with Honda to realize the journey of Honda's Software-Defined Mobility (SDM)

Rajesh Gopinathan quits as TCS CEO; K Krithivasan appointed CEO-designate

Krithivasan shall take over as the CEO and MD of TCS in the next financial year

Bank stocks can slide more; stay away for now: Analysts

Analysts expect the underperformance in bank stocks to continue ahead as the current fears around the banking sector globally are likely to persist for some time

Zee Entertainment up 8% on report that it will pay $10 mn to IndusInd Bank

The settling of dues of about Rs 83.7 crore to the lender could happen as early as Friday, and IndusInd Bank could withdraw its insolvency proceedings against the media company

Patanjali Foods down 5% after stock exchanges freeze promoter shareholding

The company is required to either raise funds or promoters needs to sell 5 per cent stake to bring down their stake to 75 per cent

Indices dip for fifth session as Credit Suisse woes weigh on investor minds

The only relief for investors on Wednesday was a rise in retail sales in China while factory output was fractionally lower than projected

This Chris Wood owned stock hit a 52-week low. What's worrying the Street?

In the last few sessions, the stock of Mukesh Ambani-controlled Reliance Industries (RIL), hit its 52-week low level of Rs 2269.75, and has been one of the worst performers among the Sensex pack

Global Surface's IPO subscribed over 12 times on final day of offer

The initial share sale of Global Surfaces Ltd was subscribed 12.21 times on the final day of the offer on Wednesday. The Initial Public Offering (IPO) received bids for 9.46 crore equity shares against 77.49 lakh shares on offer, according to the NSE data. The portion for Non-Institutional Investors (NIIs) received 33.10 times subscription. The quota for Qualified Institutional Buyers (QIBs) got subscribed 8.95 times and the Retail Individual Investors (RIIs) portion was subscribed 5.12 times. Global Surfaces is into processing of natural stones and manufacturing engineered quartz. The company's IPO comprises fresh issuance of 85.20 lakh equity shares and an Offer For Sale of up to 25.5 lakh equity shares by promoters -- Mayank Shah and Sweta Shah. Funds raised through fresh issuance will be used for setting up the company's proposed facility -- Global Surfaces FZE -- in Dubai. Unistone Capital is the sole book running lead manager to the issue.

Technocraft Industries hits record high; stock zooms 40% in 5 weeks

Last month, Technocraft had bought 1.5 million equity shares at a price of Rs 1,000 per share via buyback offer through tender route

GMR Airports surges 6% on heavy volumes after arm raises funds via NCDs

The proceeds from the NCDs will be utilized for partial refinancing of $100 million of the existing FCBs of 2024

Varun Beverages surges 5%, nears record high on strong growth outlook

The beverages' sector presents significant growth opportunities in the future, driven by deeper penetration into rural markets, an expanding demographic profile, and a growing middle-class population

Maruti Suzuki gains 2% after promoter buys 3.45 lakh shares via open market

ICICI Securities said this is sentimentally positive for the company and a confidence boosting measure

Divgi TorqTransfer stock rise; Global Surfaces offer gets fully subscribed

The IPO of Global Surfaces garnered full subscription on Tuesday, a day before its close

All Adani stocks end in red amid weakness in market, 6 hit lower limit

Overall, the ports-to-power conglomerate's market value fell by Rs 44,296 crore to Rs 8.93 trillion

No breather for stock markets as US bank crisis weighs on sentiment

Sensex, Nifty fall for 4th day to hit fresh five-month lows

Nifty Pharma index hits 2-year low; Cipla, Divis, Laurus Labs at 52-wk lows

Analysts said the pace of US FDA inspections has again picked-up in the last few months post Covid, and they have seen increased incidents with 483 observations and adverse outcomes

SVB crisis: How the ripples of the bank's plunge reached foreign shores

Silicon Valley Bank crisis: How has the bank's failure affected other banks and their stocks worldwide? Read more to find out

Bajaj Finance declines for fifth straight session, sheds 6% in one week

In the past six months, the stock has plunged 23 per cent as compared to a 3.4 per cent fall recorded by the Sensex

Divgi TorqTransfer erases listing gains; slides 5% below issue price on NSE

The stock was listed with a 5 per cent premuim at Rs 620 on the NSE. This was over its issue price of Rs 590 per share