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Business / Business Today

'37.75x oversubscribed': Mamata Machinery IPO sparks frenzy ahead of listing

Investors have shown overwhelming interest, with the IPO already oversubscribed 37.75 times within the first two days

21 Dec 2024 12:57 pm
Dividend payouts & stock splits: Vedanta, NMDC lead next weeks action

NMDC has fixed December 27, 2024, as the record date for its 2:1 bonus share issue, allotting two new equity shares for every one existing share. This will result in the issuance of over 586 crore equity shares.

21 Dec 2024 10:51 am
These 26 firms entered Rs 1 lakh crore market cap club in 2024. Whats next?

After beating its 2025 targets by a distance, Indian Hotels Company has unveiled its Accelerate 2030 strategy, and has set benchmarks for itself across topline, portfolio, and payout to shareholders.

21 Dec 2024 9:33 am
Kothari Products shares hit upper circuit of 20% today, here's why

Kothari Products stock ended 20% higher at Rs 205.55 against the previous close of Rs 171.30 on BSE. Market cap of the firm rose to Rs 613.44 crore.

20 Dec 2024 5:03 pm
Coforge shares saw a stellar rally in six months, can they breach Rs 10K mark?

Coforge shares saw profit-booking and closed 2.99% lower at Rs 9369.55 on BSE. Market cap of the firm fell to Rs 62,644 crore.

20 Dec 2024 4:26 pm
2024 market review: Realty and healthcare surge, FMCG struggles. Whats next for 2025?

In 2024 BSE Realty and BSE Healthcare indices were the standout performers, each delivering an impressive 40 percent year-to-date (YTD) return.

20 Dec 2024 3:27 pm
Shriram Finance, Anant Raj, PPL among 9 stocks that saw brokerage initiations with 40% upside

Axis Securities' view on Oberoi Realty is supported by dominant position in MMR, robust Annuity Scaleup, entry into new key markets, and low leverage with strong cashflows.

20 Dec 2024 2:34 pm
Sagility India shares up 54% from IPO price; Jefferies sees further upside

Sagility India shares: The stock hit its 5 per cent upper circuit limit at Rs 45.86 on BSE. It is up 53.63 per cent over its IPO issue price of Rs 30.

20 Dec 2024 2:05 pm
Mankind Pharma raises Rs 3,000 crore via QIP, shares react

Mankind Pharma QIP issue: With the closure, the company has raised Rs 2,999.99 crore from the said issue.

20 Dec 2024 2:04 pm
DAM Capital, Transrail Lighting, Mamata Machinery IPO: Day 2 subscription & GMPs for 5 issues

Check the bidding for five IPOs- DAM Capital Advisors, Mamata Machinery, Concord Enviro, Transrail Lighting and Sanathan Textiles- on the second day of the bidding.

20 Dec 2024 1:42 pm
Maruti Suzuki stock rises as company shares first teaser ofe Vitara SUV

The e Vitara is built on the HEARTECT-e platform specially designed for Battery Electric Vehicles (BEV).

20 Dec 2024 1:17 pm
Re 0 sales, 230% stock return! This microcap stock turns multibagger in 2024

Multibagger sock: This microcap stock climbed 229.61 per cent in 2024 to Rs 189 level from Rs 57.34 level at the end of 2023. This is despite a 25 per cent drop on the counter from a recent high of Rs 250.75.

20 Dec 2024 1:10 pm
Carraro India IPO opens for subscription: Should you apply?

Carraro India is offering shares in the price band of Rs 668-704 apiece which can be applied for a minimum of 21 shares and its multiples to raise Rs 1,250 crore.

20 Dec 2024 12:15 pm
Wipro shares on a record-breaking run; time to buy, sell or hold?

Wipro share price today: Wipro stock, which hit a 52 week high of Rs 300.85 on December 5 touched a fresh yearly high of Rs 319.95 in the current session.

20 Dec 2024 12:10 pm
IT, FMCG, Pharma: Key sectors to watch out for in 2025

In 2024 India's benchmark index, BSE Sensex saw a growth of 11%. While BSE Realty and BSE Healthcare both indices delivered an impressive 40% year-to-date (YTD) return each.

20 Dec 2024 12:04 pm
Tata Motors stock down 38% from July high; is it a value buy? LKP shares target price

Tata Motors share price: The stock is trading at 11.1 times FY27E consolidated earnings estimates. LKP Securities' target price on the stock suggests nearly 31 per cent upside over Friday's trading price of Rs 742.25.

20 Dec 2024 11:11 am
Senores Pharma IPO opens for subscription; should you bet on this pharma name?

Senores Pharmaceuticals is offering shares in the price band of Rs 372-391 apiece which can be applied for a minimum of 38 shares and its multiples to raise Rs 582.11 crore.

20 Dec 2024 11:05 am
NACDAC Infra IPO: This Rs 10 cr IPO fetched bids worth Rs 14,400 crore! Check allotment, GMP

Ghaziabad-based NACDAC Infrastructure sold its shares in the price band of Rs 33-35 apiece, for which Investors could apply for a minimum of 4,000 shares and its multiples to raise Rs 10.01 crore.

20 Dec 2024 10:56 am
Tata Power shares: Under bear attack, can the multibagger stock rebound in 2025?

Tata Power stock slipped 7.50% in six months, 6.63% in two weeks and 4.20% in a week, indicating weakness in the near term.

20 Dec 2024 10:38 am
Ventive Hospitality IPO kicks off: Should you bid for the issue?

Ventive Hospitality is offering shares in the price band of Rs 610-643 apiece, for which Investors could apply for a minimum of 23 shares and its multiples to raise Rs 1,600 crore.

20 Dec 2024 10:36 am
Stock market today: Sensex, Nifty down for 5th session; here's why

The BSE Sensex was trading 387.08 points or 0.49 per cent lower at 78,830.97. The NSE Nifty was quoting at 23,861.50, down 90.20 or 0.38 per cent. A total of 1,811 BSE-listed stocks declined.

20 Dec 2024 10:29 am
International Gemmological Institute make decent debut; shares list at 22% premium

Mumbai-based International Gemmological Institute sold its shares in the price band of Rs 397-417 apiece, for which Investors could apply for a minimum of 35 shares and its multiples to raise Rs 4,225 crore.

20 Dec 2024 9:56 am
HCC shares in news today on closure of QIP, check details

HCC stock slipped 1.23% to Rs 44.09 on Thursday against the previous close of Rs 44.64 on BSE.

20 Dec 2024 9:18 am
Rs 1.8 lakh turned into Rs 984 crore: How this penny stock made crorepatis in 2024

This is a known, but illiquid stock, with the scrip seeing its first trade of 2024 on June 21. It saw only two days of trading in 2023 and nine days of trading in 2021.

20 Dec 2024 9:10 am
KPI Green Energy: Two reasons why the multibagger stock is in news today

The multibagger stock ended 2.08% lower at Rs 763.35 in the previous trading session. The power stock opened lower at Rs 764.80 on Thursday against the previous close of Rs 779.55 on BSE.

20 Dec 2024 8:45 am
MTAR Technologies shares climbed 4% today; here's why

MTAR Technologies won Rs191 crore worth orders from Bloom Energy in Clean Energy sector and Rs 35 crore worth orders from customers in aerospace including Rafael, IMI Systems, and IAI.

20 Dec 2024 8:37 am
Stocks in news: IGI India, Airtel, IndiGo, BASF India, Amara Raja, HCC, AU Bank & KPI Green

Stocks including International Gemmological, Bharti Airtel, InterGlobe Aviation, BASF India, Amara Raja Mobility, Hindustan Contruction, AU Small Finance Bank, KPI Green Energy and more will be in the spotlight on Friday, December 20.

20 Dec 2024 8:04 am
International Gemmological Institute IPO shares to list today; check GMP before market debut

Mumbai-based International Gemmological Institute sold its shares in the price band of Rs 397-417 apiece, for which Investors could apply for a minimum of 35 shares and its multiples to raise Rs 4,225 crore.

20 Dec 2024 7:59 am
India stock market outlook 2025: Nifty to stay range-bound for 3 months, hit 27K in 12 months, says Goldman Sachs

Goldman Sachs forecast MSCI India earnings growth at 12 per cent in 2024, 13 per cent in 2025 and 16 per cent in 2026 against consensus expectations of 13 per cent for 2024, 16 per cent for 2025 and 15 per cent for 2026.

20 Dec 2024 7:55 am
Accenture Q1 results, guidance: Takeaways for Infosys, Wipro, TCS, HCL Tech & TechM

TCS shares have fallen 3.5 per cent in the past five days. Infosys and HCL Tech declined up to 1.5 per cent while HCL Tech and Wipro shares gained up to 1.7 per cent during the same period.

20 Dec 2024 7:33 am
Suzlon Energy shares update on tax penalty from Tamil Nadu GST department. Details here

The Honourable appellate authority, accepting the company's submission, has modified the order and reduced the demand to just Rs 1,00,000, Suzlon Energy stated in a BSE filing.

19 Dec 2024 5:55 pm
Persistent Systems, Coforge shares hit record highs amid market rout; Price targets, outlook and more

Persistent Systems stock, Coforge shares: The rally in the stocks comes amid a deep correction in the broader market, BSE IT index and and NSE IT index, respectively.

19 Dec 2024 4:47 pm
Vishal Mega Mart shares slipped 7% today; here's what investors can do

Vishal Mega Mart share price: Yesterday, the company made a strong market debut. Its shares opened at Rs 110 on BSE, reflecting a 41 per cent premium over the issue price of Rs 78. They went on to climb further and eventually settled the maiden trading session at Rs 111.95.

19 Dec 2024 4:01 pm
'I don't know if it is a good time...': Margin trading facility goes live, but Zerodha's Nithin Kamath has a warning

MTF allows traders to buy stocks for delivery without the full funds required. Traders can borrow up to 80% of the trade value, with an interest rate of 0.04% per day (40 per lakh). The position remains active until settled or closed.

19 Dec 2024 3:41 pm
Waaree Renewable shares gain on board's nod to NSE listing

Waaree Renewable shares have gained 313% in one year and risen 1286% in two years.

19 Dec 2024 2:42 pm
Defence stock to buy: Why MOFSL sees 35% upside on battered MTAR Tech

MTAR Tech share price today:MOFSL retained its 'Buy' rating on the stock with a target price of Rs 2,100. On Thursday, the stock was trading 3.31 per cent higher at Rs 1,609.15.

19 Dec 2024 1:34 pm
NTPC Green Energy shares update on Gujarat solar PV project; stock reacts

NTPC's diversification into green energy and its foray into nuclear power will be positive for the company over the medium- to short-term, a market expert said.

19 Dec 2024 1:25 pm
Asian Paints shares: Three 52-week lows in three sessions, recovery on cards?

Asian Paints share price today: The stock touched an yearly low of Rs 2,266 in the current session. Market cap of Asian Paints slipped to Rs 2.19 lakh crore.

19 Dec 2024 12:28 pm
Zomato's Sensex entry tomorrow; JSW Steel, M&M, ITC shares may see outflow

Ahead of its Sensex entry, the Zomato stock was trading 0.82 per cent lower at Rs 289.50 on Thursday. The stock has delivered 132.57 per cent return in 2024 so far against 9.78 per cent rise in the BSE Sensex.

19 Dec 2024 12:28 pm
SpiceJet shares snap 3-day fall, jump 9% today. Here is why

SpiceJet share price: The stock surged 8.92 per cent to hit a day high of Rs 61.30. It was last seen trading 6.98 per cent up at Rs 60.21. At this price, the scrip has risen 12.44 per cent in the last six months.

19 Dec 2024 12:14 pm
'Quick money': Mobikwik shares rally 115% in just two days!

Mobikwik shares soared another 14 per cent during the trading session on Thursday as the stock zoomed as much as 117 per cent over its issue price Rs 279 apiece.

19 Dec 2024 12:11 pm
RVNL, HAL, BHEL, IRCON, GRSE, HAL: Stocks to buy; target prices for defence, railway shares

Bharat Dynamics (Buy, target: Rs 1,357), Bharat Electronics Ltd (Buy, target: Rs 373), BEML (Buy, target: Rs 5,185) and Garden Reach Shipbuilders (Buy, target: Rs 1,783) are a few defence stocks where Antique recommended 'buy' ratings.

19 Dec 2024 11:46 am
DAM Capital Advisors IPO opens today: Should you subscribe to it?

DAM Capital Advisors is offering shares in the price band of Rs 269-283 apiece, for which can be applied for a minimum of 53 shares and its multiples to raise Rs 840.25 crore.

19 Dec 2024 11:36 am
SBI shares rose 38% from 52-week low this year, can they cross Rs 1,000 mark?

The banking stock slipped to Rs 600.70 on January 23 this year. It rose to a record high of Rs 912.10 on June 3, 2024.

19 Dec 2024 11:24 am
Mamata Machinery IPO opens today: Should you apply for this issue?

Mamata Machinery is offering shares in the price band of Rs 230-243 apiece, for which Investors could apply for a minimum of 61 shares and its multiples to raise Rs 179.39 crore.

19 Dec 2024 10:22 am
Bear attack: Rs 6 lakh cr gone as Sensex, Nifty react to US Fed rate cut

Sensex fell 1162 pts to 79,020 and Nifty slipped 259 pts to 23,944, mirroring weakness in global markets.

19 Dec 2024 9:59 am
Inventurus Knowledge Solutions shares deliver solid listing pop, debut at 43% premium

Inventurus Knowledge Solutions sold its shares in the price band of Rs 1,265-1,329 apiece, for which Investors could apply for a minimum of 11 shares and its multiples to raise Rs 2,497.92 crore.

19 Dec 2024 9:54 am
Wipro, Infosys, HCL Tech, TechM, TCS shares hit hard today; here's why

Wipro fell 2.64 per cent to Rs 304.35. Infosys declined 2 per cent to Rs 1,940.05. HCL Tech slipped 1.67 per cent to Rs 1,927.55. TechM dropped 1.33 per cent to Rs 1,755.25. TCS edged 0.6 per cent lower to Rs 4,323.

19 Dec 2024 9:51 am
Transrail Lighting IPO opens today: Should you subscribe to it?

Transrail Lighting is offering shares in the price band of Rs 410-432 apiece, for which Investors could apply for a minimum of 34 shares and its multiples to raise Rs 838.91 crore.

19 Dec 2024 9:49 am
Stock market today: Why Sensex, Nifty fell again; what's ahead?

Sensex, Nifty: Analysts said the Fed chiefs comments regarding the economy and the labour market were, in fact, positive, suggesting a resilient US economy.

19 Dec 2024 9:23 am