Bank of India shares decline nearly 2% as it raised ₹2,690 crore via infrastructure bonds
Shares of Bank of India (BOI) declined nearly 2% on February 17, 2025, during morning trade after the public sector lender (PSU) raised ₹2,690 crore through infrastructure bonds. The 10-year bonds were issued at a coupon rate of 7.5% per annum, with an overwhelming response from investors. At 9:55 AM, Bank of India’s stock was…
Ajax Engineering Shares Make a Weak Debut on NSE and BSE
Posted on February 17, 2025, by Niftynews Ajax Engineering shares faced a rocky start on the stock exchanges when they made their debut on February 17, 2025. Opening at ₹576 on the National Stock Exchange (NSE), the shares were priced 8.43% lower than their initial public offering (IPO) price of ₹629. On the Bombay Stock Exchange…
Godfrey Phillips Share Price Rises Over 36% in Two Sessions: Strong Q3 Earnings Drive Investor Sentiment
Posted on February 17, 2025, by Niftynews Godfrey Phillips share price has experienced an exceptional surge, rising by 36.4% in just two trading sessions following the company’s stellar performance in its third-quarter results. On February 17, 2025, the stock gained 13.67%, hitting an intraday high of ₹6,819.8 per share. This came after a previous 20% jump…
Glenmark Pharma share price soars nearly 4% on strong Q3 earnings; check key details
Shares of Glenmark Pharmaceuticals surged nearly 4% on February 17, 2025, following strong Q3 FY25 earnings. The Mumbai-based pharma giant reported a consolidated profit of ₹348 crore, reversing the ₹351 crore loss from the same period last year. At 10:25 AM, Glenmark’s stock was trading at ₹1,373 per share on the BSE, marking a 3.91%…
Samvardhana Motherson Share Price: Analysts Stay Positive but Cut Target Prices – Should You Buy?
Posted on February 17, 2025, by Niftynews Despite a series of target price cuts following Samvardhana Motherson share price movement after its Q3 results, analysts maintain a positive outlook on the company, citing its resilient growth in a volatile auto market and promising long-term prospects. Here’s a breakdown of what analysts are saying about the stock….
Manappuram Finance Share Price Jumps 8% After Exiting F&O Ban List: Should You Buy Now?
Posted on February 17, 2025, by Niftynews Manappuram Finance share price witnessed a significant 8% jump after exiting the F&O ban list, signaling renewed bullish momentum. The stock opened at ₹182.05 and reached an intraday high of ₹193.60, indicating a strong upward trend. With analysts recommending buying at ₹185-188, targeting ₹197-205 with a stop loss at…
ITI shares hit 5% lower circuit as Q3 net loss narrows to ₹49 crore, revenue jumps 300%
Shares of Indian Telephone Industries Ltd (ITI) hit the lower circuit of 5% on February 14, 2025, trading at ₹270.15 per share on the National Stock Exchange (NSE). This sharp decline came despite the company reporting a significant reduction in net loss and a massive 300% revenue surge in Q3 FY25. While the company’s net…
Quality Power IPO: GMP, Subscription Status, Review, and Should You Apply?
Posted on February 17, 2025, by Niftynews The Quality Power IPO of Quality Power Electrical Equipments Limited opened on February 14, 2025, and will remain open until February 18, 2025, at 5:00 PM. The IPO offers shares in a price band of ₹401 to ₹425 per equity share. This book-built public issue aims to raise ₹858.70…
Zen Technologies Share Price Hits 20% Lower Circuit Amid Broader Market Sell-Off
Posted on February 17, 2025, by Niftynews Zen Technologies Ltd. witnessed a drastic decline in its share price on Monday, February 17, 2025. The Zen Technologies share price fell by an impressive 20%, hitting the day’s lowest level and marking the largest drop in the company’s stock price in over five years. This significant decrease comes…
Reliance Infrastructure Q3 results: Net loss widens to ₹3,298 crore
Reliance Infrastructure Ltd., a leading player in the engineering, power, and infrastructure sectors, announced its Q3 FY25 financial results on February 14, 2025. The company reported a net loss of ₹3,298.35 crore, significantly widening from the ₹421.17 crore loss recorded in Q3 FY24. Despite a marginal revenue increase of 0.55% YoY to ₹4,743 crore, the…