Stock to Watch: Adani Enterprises shares in spotlight after raising Rs 4,200 crore via QIP
Shares of Adani Enterprises are expected to remain in focus on Friday after the company successfully raised Rs 4,200 crore in a share sale to investors via a qualified institutional placement (QIP). The company has allocated 1.41 crore shares at an issue price of Rs 2,962 each. The transaction, which was initiated after market hours…
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Angel One stock goes up another 5% after Q2 earnings
After rallying over 18% the previous day, shares of Angel One surged 5.3% to Rs 3,394 in Wednesday’s trade on BSE after the company on Tuesday reported its best-ever quarterly performance across key financial metrics in the three month period ended September 30, 2024. The domestic brokerage on Monday reported a consolidated net profit at…
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D-Street indices ride high on US Fed’s jumbo rate cut
India’s two frontline stock indices climbed to all-time highs during the trading session and bond yields retreated to a nearly 31-month low Thursday after the US central bank unexpectedly cut rates by half a percentage point overnight. But broader local gauges and export-laden technology counters fell over concerns the outsized reduction re flects hitherto unknown…
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Suzlon Energy shares hit 5% upper circuit for 3rd consecutive day, reach new 52-week high; here’s why
Shares of Suzlon Energy hit a 5% upper circuit for the third consecutive session, reaching a fresh 52-week high of Rs 86 in Wednesday’s trade on BSE. The rally was driven by positive investor sentiment following Morgan Stanley’s overweight rating on the renewable energy company. The stock saw heavy trading volumes, with nearly 13.94 crore…
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NCLT approves ICICI Securities’ scheme of delisting from the bourses
The Mumbai bench of the National Company Law Tribunal approved ICICI Securities Ltd’s application for delisting the company from the stock exchanges on Wednesday. The division bench of Justice Virendra Singh G. Bisht and a technical member Prabhat Kumar, while approving the scheme in an oral order, also dismissed two applications that objected to the…
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hdfc bank shares: HDFC Bank shares surge 3% post Q1 results. Should you buy, sell or hold?
HDFC Bank surged nearly 3% to Rs 1,650.7 in Monday’s trade on BSE after the country’s top private lender reported a standalone net profit of Rs 16,175 crore for the quarter ended June 30, 2024, which was up by 35% over Rs 11,952 crore reported by the bank in the year-ago period. However, it was…
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