The shares of Tolins Tyres debuted at the bourses on Monday with a premium of 0.44%. The stock listed at Rs 227 on BSE as against an issue price of Rs 226. Meanwhile, the stock listed at Rs 228, up 0.88% or Rs 2 on NSE. Ahead of the public issue, Tolins Tyres has secured…
READ MOREThe shares of Kross debuted on the exchanges on Monday with a discount of 0.42%. The stock listed at Rs 239 on BSE as against an issue price of Rs 240 per share. Meanwhile, on NSE the stock traded at par with issue price of Rs 240. Ahead of the listing, the company’s shares traded…
READ MOREET Intelligence Group: Tolins Tyres, a manufacturer of tread rubber and tyres, is aiming to raise ₹230 crore through an initial public offering. The IPO will consist of a fresh issue of shares worth ₹200 crore, which will be used for loan repayment and to enhance working capital, while the rest will come from an…
READ MOREThe FMCG sector posted top-line growth, driven by a summer spike, although the general elections negatively impacted the sector. The outlook for H2 remains positive, as indicated by company commentaries. Revenue is expected to grow, supported by rural recoveries, according to multiple brokerages. With sector rotations underway and defensives like FMCG gaining investor interest, stocks…
READ MOREThe first quarter earnings season is almost coming to an end and as many as 660 companies will announce their quarterly numbers on Tuesday. Key results to watch out include Hindalco, Nykaa, Hero MotoCorp, Apollo Hospitals and IRCTC. Apart from the above, companies like Samvardhana Motherson, Muthoot Finance, SJVN, Max Financial Services, Gujarat Fluorochemicals, Endurance…
READ MOREET Intellligence Group: Unicommerce eSolutions, which provides ecommerce-related software solutions, plans to raise up to ₹277 crore through an offer for sale. The promoter group stake will fall to 23.6% after the IPO from 48.6% excluding any Esop adjustments. AceVector, which also owns Snapdeal, is the major promoter of Unicom. The company counts Mamaearth, Lenskart,…
READ MOREWipro’s sequential revenue growth in the June quarter was in line with its guidance but failed short of analysts’ expectation. On the positive side, it showed resilience on the margin front while showing a sustained traction in new deal wins. Like some of the larger peers, it showed a marginal uptick in the banking, financial…
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