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.
Open FlipJefferies 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.
Open FlipStock 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.
Open FlipUsha 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.
Open FlipShares 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.
Open FlipGold 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.
Open FlipDomestic 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.
Open FlipShares 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.
Open FlipThe 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.'
Open FlipTata 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.
Open FlipShares 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.
Open FlipAs 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.
Open FlipShares 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
Open FlipRVNL 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.
Open FlipFundraising 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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