Thu, Nov 28, 2024 9:02 AM
KEC International shares in focus on order win from Power Grid Corp
A Flip by Shubhangi Gupta
India’s live events industry is on a rapid growth trajectory, now valued at Rs 88 lakh crore and poised to grow at an 18% CAGR through 2026. Companies like 📌TIPS Music, 📌Saregama India, and 📌Zomato are capitalizing on this surge, with high-profile events featuring artists like Coldplay and Diljit Dosanjh fuelling this boom, as ticket prices for these events skyrocket up to Rs 1 lakh.
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Shares of Mumbai-based real estate developer Godrej Properties saw a notable gain of over 2%, reaching an intra-day high of Rs 2,903 on the NSE, following the company’s announcement of a QIP to raise up to Rs 6,000 crore. This marks the company’s strategic move to sell up to 5.5% of its equity, or approximately 1.54 crore shares, at an indicative price of Rs 2,595 per share.
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Shares of NBCC India surged as much as 5 percent in trade on November 28 as investors cheered for the company's recent order wins, worth a cumulative Rs 919 crore. At 10.42 am, shares of NBCC India were trading at Rs 98.67 on the NSE. The surge in the stock price was also triggered by a spike in trading volumes in the counter.
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