Tue, Jan 14, 2025 9:24 AM
📢 Benchmark indices open on a positive note today; Nifty near 23,200
A Flip by Shubhangi Gupta
Quadrant Future Tek shares recorded double-digit return and locked in upper circuit due to healthy demand from investors on January 14, despite subdued equity market conditions. The stock opened at Rs 370 on the National Stock Exchange, up 27.6 percent over the issue price of Rs 290. It extended gains and froze at Rs 444 (an intraday high) since late morning deals till closing, rising 53.10%.
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Laxmi Dental IPO has garnered strong investor interest, with the issue subscribed 16.02 times on the second day of bidding on Tuesday, data from the National Stock Exchange (NSE) showed. The IPO received bids for 14.36 crore shares against the offer size of 89.70 lakh shares. The robust response comes amid reports that the shares are commanding a grey market premium (GMP) of around 30 per cent.
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Tesla (TSLA) stock popped more than 3% Tuesday on the heels of promising global electric vehicle sales data and media reports indicating Chinese authorities could allow the EV giant's CEO Elon Musk to buy the US operations of social media platform TikTok. Bloomberg and The Wall Street Journal reported that Chinese government officials have discussed selling TikTok's US business to Musk.
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