Reliance Industries became the first Indian company to reach Rs 20 lakh crore in market capitalisation. The energy-to-telecom conglomerate’s market value stood at Rs 20.04 lakh crore ($238.7 billion) on Wednesday, catapulting it into the list of world’s most valuable corporations. Surpassing behemoths like Pepsico, Novartis, Industrial and Commercial Bank of China, and SAP in … Read more
Mumbai: Indiabulls Housing Finance on Sunday announced plans to raise ₹3,693 crore through a rights issue of equity shares with a face value of ₹2 each. The decision follows the approval by the company‘s board of directors during their meeting on January 17, 2024. The company’s Securities Issuance and Investment Committee of the Board (SIIC) … Read more
ET Intelligence Group: Haryana-based India Shelter Finance Corporation (ISFC) plans to raise ₹800 crore through a fresh issue of equity to augment its capital base and another ₹400 crore through an offer for sale by some of its investors. The shareholding of the promoter and key investor WestBridge, which is not selling any stake, will … Read more
Mumbai: The market value of retail fashion chain Trent touched ₹1 trillion (lakh crore) on Friday, making it the fifth company from the Tata Group to achieve this milestone. Trent shares surged to an all-time high of ₹2,837.40 on Friday. The total market value of all listed Tata Group companies is over ₹25 lakh crore. … Read more
Jamshedpur-based Kross Ltd has filed a draft red herring prospectus with the Securities and Exchange Board of India (SEBI) to raise funds through an initial public offering (IPO) of shares. The Rs 500 crore worth IPO comprises fresh issue worth up to Rs 250 crore, and an offer for sale aggregating upto Rs 250 crore … Read more
MUMBAI – Static process equipment manufacturing company Anup Engineering has been one of the star performers in 2023, giving a staggering 195% returns to investors. The company manufactures items like heat exchangers, reactors, pressure vessels, columns, and towers, and offers customised fabrications. Nuvama Professional Clients Group is bullish on the company and believes that it’s … Read more
UltraTech Cement Share Price 9003.65 03:58 PM | 30 Nov 2023 270.90(3.10%) HDFC LIFE INSURANCE Share Price 690.75 04:04 PM | 30 Nov 2023 15.10(2.23%) Eicher Motors Share Price 3896.90 03:59 PM | 30 Nov 2023 84.65(2.22%) Apollo Hospitals Enterprises Share Price 5528.95 03:58 PM | 30 Nov 2023 107.00(1.97%) Sun Pharmaceutical Industries Share Price … Read more
ET Intelligence Group: Honasa Consumer, popularly known by its flagship brand Mamaearth, is rolling out a ₹1,700 crore IPO that includes a fresh issue of ₹365 crore and the rest an offer for sale. The Peak XV (earlier Sequoia Capital)-backed company is touted to be India’s largest digital-first beauty and personal care company and has … Read more
Shares of IDFC First Bank fell over 5% to the day’s low of Rs 81.45 on the NSE in the opening trade on Monday amid selling pressure in banks and financial stocks. Though the stock managed to recover from its intraday lows around 10:30 pm, it was still down by 3%. Brokerage Motilal Oswal downgraded … Read more
Shares of Shriram Finance jumped over 9% to hit day’s high of Rs 1,961 on the NSE following favourable views by a clutch of top brokerages. Among them were HSBC, Motilal Oswal and Nuvama who remained gung-ho on the prospects of the stock and recommended a buy after the company posted strong September quarter earnings … Read more