3:27 PM
Adani-led Ambuja Cements completes acquisition of Penna Cement Industries
With this acquisition, Penna Cement has officially become a subsidiary of Ambuja Cements, bolstering its capacity and market presence, particularly in southern India and marking a significant milestone in Adani Group’s strategic expansion in the cement sector. READ MORE
3:14 PM
IPO calendar next week: 4 IPOs to open; Saraswati Saree to debut; Full List
Saraswati Saree Depot IPO listing: Shares of Saraswati Saree Depot will debut on the bourses – BSE and NSE – on Tuesday, August 20, 2024. Ahead of its listing, the shares of Saraswati Saree Depot were commanding a grey market premium (GMP) of around Rs 48, which translates to approximately 30 per cent over the upper band of the IPO price. If the GMP trend holds, the shares of Saraswati Saree Depot are expected to list at approximately Rs 208 (IPO GMP + Upper band of the issue price) on the exchanges, yielding a return of Rs 48 or 30 per cent apiece to the investors. READ MORE
3:00 PM
Suprajit Engg stock zooms 19% after board okays buyback at Rs 750 per share
The company’s board announced a share buyback of up to 1.5 million shares at price of Rs 750 per share via tender offer. READ MORE
2:50 PM
Coromandel International hits all time high on resuming ops at Chennai plant
The uptick in the share price came after the company said that it has been granted permission to resume operations at its Chennai plant. READ MORE
2:38 PM
Pitti Engineering shares hit new high after stellar Q1; up 89% in 6 months
Pitti Engineering reported a 47 per cent increase in net profit for the June quarter, rising to Rs 21 crore from Rs 14 crore in the same period last year, driven by strong demand. Revenue grew by 33 per cent to Rs 387 crore, up from Rs 291 crore. Earnings before interest tax depreciation and amortisation (Ebitda) also increased by 33 per cent to Rs 56 crore, compared to Rs 42 crore. READ MORE
2:28 PM
Yes Bank appoints veteran banker Sumit Bali to head retail business
Indian private lender Yes Bank has appointed veteran banker Sumit Bali to head its retail business and collections, three sources directly familiar with the matter said on Friday. READ MORE
2:18 PM
Glenmark Pharma hits lifetime high on steady Q1 show; Ebitda soars 34% YoY
Glenmark Pharmaceuticals stock surged up to 5.68 per cent, hitting its all time high at Rs 1,576 per share on the NSE in Friday’s intraday trade. This came after the company on Wednesday reported its quarterly earnings for the first April-June of the financial year 2024-25 (Q1FY25). READ MORE
1:42 PM
Packaging stocks rally up to 11% post Q1; Uflex, Polyflex hit 52-week highs
Uflex said the packaging films business gained substantial momentum in Q1FY25 quarter, fueled by improved contribution margin in India. READ MORE
1:29 PM
Hindustan Aeronautics share price rises 2% as profit rallies 77% in Q1
The Navratna company’s stock has more than doubled investors’ money, rallying 143.29 per cent in the last one year, according to BSE analytics. READ MORE
1:15 PM
This recently listed IPO has zoomed 75% against its issue price in 5 days
Ola Electric Mobility share price today was locked in the 20-per cent upper circuit of 20 per cent at Rs 133.08, also its new high, on the National Stock Exchange (NSE) on Friday. Ola Electric is, now, valued at Rs 58,664 crore ($6.99 billion), READ MORE
12:59 PM
Thar ROXX launch boosts M&M stock price by 3%; up 16% in 3 months
The surge in the stock price followed the company’s announcement of the launch of Thar ROXX, its latest sports utility vehicle (SUV). READ MORE
12:46 PM
Post solid Q1, Apollo Hospitals on track for all-round growth, say analysts
Shares of Apollo Hospitals Enterprise (AHEL) rose 2.92 per cent to Rs 6,711.95 per share on the BSE in Friday’s early morning trade. READ MORE
