On Wednesday, 29 September 2021, private sector financial institution IndusInd Bank declared the acquisition of 50,00,000 pledged McLeod Russel India Ltd. (MRIL) shares. These 50,00,000 shares comprise about 4.79% of McLeod Russel’s paid-up capital in terms of equity shares. Ichamati Investments Ltd had earlier pledged MRIL’s equity shares to IndusInd Bank to secure the tea …
Last Friday, on 1 October 2021, the scrips of Paras Defence got listed on the bourses, making a spectacular debut. To elaborate, Paras Defence shares got listed on the Bombay Stock Exchanges at Rs. 475 against Rs. 175 (its issue price with a face value of Rs. 10). Accordingly, it registered a listing premium of …
The shares of Kalyan Jewellers noted an 11% jump in the intraday trading on 7 October 2021. This growth is a direct reflection of this company’s revenue growth of 60% for its Indian operations in this recently ended September quarter, compared to the previous year. According to the press release from one of India’s largest …
An Overview Last week, eight of the top ten most valuable firms added a total of Rs. 2,32,800.35 crore to their market capitalisation, with RIL and TCS emerging as the largest gainers. The 30-share BSE benchmark rose 1,293.48 points, or 2.20 percent, last week. On Friday, the benchmark surpassed the 60,000 mark. RIL’s market value …
On 11 October 2021, Aditya Birla Sun Life made an unimpressive debut on the bourses. Following a tepid response to its initial public offer, the company’s shares declined by 2.25% on listing at the Bombay Stock Exchange. On the other hand, the stocks opened at Rs. 715 apiece on the National Stock Exchange, higher by …
In the last week until Monday’s morning session, the NSE’s Nifty 50 has gained over 600 points whereas BSE’s Sensex has soared over 1800 points in the same span. The rally has taken both indices to new all-time highs and pushed the market capitalisation even higher. The retail investors have been the net buyers despite …
The US stock market is one of the largest stock exchanges in the world. It is home to some of the world’s leading companies that are a part of our day to day life like Amazon, Apple, Google, Facebook and more. The US GDP is around 15% of the world’s GDP and the US stock …
A Brief Overview Of the country’s ten most valued companies, eight saw their market valuation surge by a total amounting to INR 1,60,408.24 Crores in the past week. Tata Consultancy Services and Reliance Industries Limited led the way and contributed the most during this bullish market wave. The second week of August also saw a …
India Inc reported a strong set of numbers in the June quarter, thanks to low base in the same quarter last year and localised and less strict lockdown. Select sectors like automobile and consumer durables were impacted due to the second Covid-19 wave as well as higher commodity prices, while sectors like metal report robust financial results due …
An Overview Sunil Mittal, the cellular carrier’s founder and chairman, said on Monday that the company sought to strengthen its access to growth capital and lower its debt load, a day after the company disclosed intentions to raise up to Rs. 21,000 crore through a share sale to existing shareholders. Mr Mittal stated that the …
