Tata Technologies shares tumble 3% following weak Q3 results
Tata Technologies shares tumbled 3% to their dayβs low of Rs 792 on the BSE on Wednesday, January 22, after the company reported a 1% fall in its consolidated net profit for the quarter ended December 31, 2024, to Rs 169 crore versus Rs 170 crore posted in the year-ago period. The Q3FY25 revenue from…
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UPL shares in focus on plans to raise Rs 3,378 crore via rights issue
Shares of agrochemicals manufacturer UPL are likely to remain in focus on Thursday announced plans to raise up to Rs 3,378 crore through a rights issue priced at Rs 360 per share. The funds will be raised through the issuance of 9.38 crore partly paid-up equity shares. The issue price of Rs 360 represents a…
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Garuda Construction shares to debut today. GMP indicates flat listing
The shares of Garuda Construction will debut on the exchanges on Tuesday. Going by the grey market trends, the stock is expected to see a negative to flat listing. The IPO received a decent subscription of 7.5 times amid strong demand from retail investors. The company’s financial performance was robust in FY23, however the election…
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Tolins offers quality at a discount, but raw material prices weigh
ET Intelligence Group: Tolins Tyres, a manufacturer of tread rubber and tyres, is aiming to raise βΉ230 crore through an initial public offering. The IPO will consist of a fresh issue of shares worth βΉ200 crore, which will be used for loan repayment and to enhance working capital, while the rest will come from an…
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ECOS Mobility shares end over 13% higher after decent debut. What should investors do?
Shares of ECOS (India) Mobility and Hospitality closed 12.7% higher at Rs 441 on the BSE after a decent debut on Wednesday. The stock initially listed at Rs 391.2, reflecting a 17.1% premium over its IPO price of Rs 334, bringing the total gains to 32.6%. However, the listing was slightly below expectations, as the…
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