Jupiter Wagons shares jump 5% on acquisition of Log9’s Rail and EV Battery
Thu, Oct 31, 2024 11:00 AM

Jupiter Wagons shares jump 5% on acquisition of Log9’s Rail and EV Battery

Shares of Jupiter Wagons Ltd surged over 5 per cent on October 31 after its subsidiary, Jupiter Electric Mobility (JEM), announced the acquisition of Log9’s Railway Battery and Electric Truck Battery divisions. The acquisition, which includes both technology and business assets of Log9 for its Railway Battery and Electric Truck Battery Divisions, aims to strengthen JEM’s position.

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Jefferies cautious on Indian markets, overweight on banks, healthcare
Thu, Oct 31, 2024 10:41 AM

Jefferies cautious on Indian markets, overweight on banks, healthcare

Jefferies adopts a cautiously optimistic stance on India's equity market, citing robust supply and strong domestic demand. Despite high supply, Jefferies recommends a cautious approach, favoring banks, two-wheelers, healthcare, and telecom. The firm raises its IT sector rating to neutral and downgrades consumer staples, citing shifting growth potential.

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Multibagger NSE SME stock jumps 5% after fresh order by GMRC
Thu, Oct 31, 2024 10:38 AM

Multibagger NSE SME stock jumps 5% after fresh order by GMRC

Stock market today: The NSE-listed SME stock Troms Industries’ share price witnessed strong buying interest during early morning deals on Thursday. The SME stock opened with an upside gap at ₹235 apiece and touched an intraday high of ₹249 apiece on the NSE, logging an over 5 per cent intraday rise against the previous close of ₹233.90 per share.

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Usha Financial Services debuts 2.4% below issue price on NSE SME
Thu, Oct 31, 2024 10:36 AM

Usha Financial Services debuts 2.4% below issue price on NSE SME

Usha Financial Services' IPO listed at a 2.4% discount on the NSE SME platform, opening at Rs 164 compared to the issue price of Rs 168, despite receiving a strong response with an overall subscription of 19.4 times. The company aims to use the proceeds to strengthen its capital base and support general corporate purposes.

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Yatharth Hospital shares extend gains on acquisition announcements in NCR
Thu, Oct 31, 2024 10:35 AM

Yatharth Hospital shares extend gains on acquisition announcements in NCR

Shares of Yatharth Hospital and Trauma Care Services extended their gains after the board approved its acquisition of a 60 percent stake in in a Faridabad-based hospital, which is yet to commence operations, at an enterprise value of Rs 152 crore. At 10.10 am, shares of Yatharth Hospital were quoting Rs 678.25 on the NSE, higher by 1.1 percent compared to the previous session's closing price.

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Gold and silver prices today on 31-10-2024: Check latest rates in your city
Thu, Oct 31, 2024 10:33 AM

Gold and silver prices today on 31-10-2024: Check latest rates in your city

Gold and Silver Prices Today: Gold prices saw a slight increase on Thursday. The cost of 24 carat gold is Rs.8134.3 per gm, up by Rs.710.0. The cost of 22 carat gold is Rs.7458.3 per gm, up by Rs.650.0.The price change in 24 carat gold in the last one week has been -0.41%, whereas in the last month it has been -3.61%. The cost of silver is Rs.103200.0 per kg, up by Rs.1000.0 per kg.

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DII buying hits a record Rs 1 lakh cr in Oct even as FIIs offload equities
Thu, Oct 31, 2024 10:25 AM

DII buying hits a record Rs 1 lakh cr in Oct even as FIIs offload equities

Domestic Institutional Investors invested over Rs 1 lakh crore in Indian equities in October, a record high, despite foreign institutional investors selling nearly $11 billion, with DII investments in 2024 reaching Rs 4.41 lakh crore, indicating a structural shift towards equities driven by growing retail participation.

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Biocon shares slump 5.5% as net profit takes a dive in Q2
Thu, Oct 31, 2024 10:19 AM

Biocon shares slump 5.5% as net profit takes a dive in Q2

Shares of Biocon took a hit, falling as much as 5.5 percent in early trade on October 31, bogged down by the company's dismal quarterly show as net profit took a dive in the July-September quarter. The drugmaker's net profit plunged 84 percent on year in Q2 to Rs 27.1 crore, sharply down from Rs 172 crore that it reported in the same quarter of the previous fiscal.

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Homebuyers protest against Smart World Developers in Gurugram
Thu, Oct 31, 2024 10:18 AM

Homebuyers protest against Smart World Developers in Gurugram

The aggrieved allottees of Smart World Gems project in Sector 89 staged a protest outside the developer's corporate office in Sector 66 over "unauthorised cancellations of units and the failure to execute builder-buyer agreements". The buyers in the residential project, launched in Sept 2021, accused the developer of reselling these units at significantly higher rates.'

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Tata Investment shares in focus ahead of Q2 earnings today
Thu, Oct 31, 2024 10:17 AM

Tata Investment shares in focus ahead of Q2 earnings today

Tata Investment Corporation (TICL) shares will be in focus on Thursday as the Tata Group NBFC along with six other BSE listed companies will be announcing their quarterly earnings later today. Erstwhile Investment Corporation of India, TICL is primarily involved in investing in long-term investments such as equity shares and equity-related securities.

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Larsen & Toubro share price jumps over 6.5% on strong Q2 performance
Thu, Oct 31, 2024 10:13 AM

Larsen & Toubro share price jumps over 6.5% on strong Q2 performance

Shares of Larsen & Toubro surged 6.51% to ₹3,630 per share in early morning trade on Thu, October 31, following the company’s strong financial results for the quarter ended September 30, 2024.The company reported consolidated revenue of ₹61,555 crore for the quarter, reflecting a year-on-year (YoY) growth of 21%, driven by accelerated progress in its Projects & Manufacturing (P&M) portfolio.

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Gold reaches a record high before important US inflation data
Thu, Oct 31, 2024 10:11 AM

Gold reaches a record high before important US inflation data

As investors awaited a significant U.S. inflation data that could provide additional insight into the Federal Reserve’s interest rate stance, gold prices reached a new high on Thursday and were headed for their largest monthly increase in seven months. Spot gold was stable at $2,787.09 an ounce, up about 6% for the month. Earlier in the day, the price of gold reached a record high of $2,790.15.

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GR Infraprojects rises 6% on securing Rs 1,885 crore road project
Thu, Oct 31, 2024 10:08 AM

GR Infraprojects rises 6% on securing Rs 1,885 crore road project

Shares of GR Infraprojects climbed 6 percent after the company finalised an EPC (Engineering, Procurement, and Construction) agreement for a Rs 1,885.63 crore infrastructure project in Maharashtra. The project involves the construction of an access-controlled ring road in Pune, covering 9.34 kilometers from Kalyan/Rathwade village to Shivare/Kusgaon village. T

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RVNL shares rise 2% after securing Rs 284 cr order from East Coast Railway
Thu, Oct 31, 2024 10:08 AM

RVNL shares rise 2% after securing Rs 284 cr order from East Coast Railway

RVNL shares rose 2% to Rs 474 on BSE in Thursday's trade after the company announced it had received a Letter of Acceptance (LoA) from East Coast Railway on Wednesday evening. The project involves constructing the 3rd and 4th railway lines between Jarapada and Talcher Road, as well as a new line between Angul and Balram.

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Indian IPOs set new record; Raise Rs 1.22 lakh crore in 2024
Thu, Oct 31, 2024 10:05 AM

Indian IPOs set new record; Raise Rs 1.22 lakh crore in 2024

Fundraising through initial public offerings (IPOs) has set a new milestone in 2024, surpassing the previous record set in 2021 even as two months are remaining in the current calendar year. The cumulative amount of funds raised through IPOs has reached over Rs 1.22 lakh crore so far in 2024, surpassing the previous record of Rs 1.18 lakh crore in 2021.

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