Trent Shares Jumps 9% in Two Days to Five-Month High Amid Bullish Brokerages
Shares of Tata Group‑owned Trent Ltd. have surged nearly 9% over the past two trading sessions, reaching a five‑month peak of ₹6,214.55 on June 23—outperforming the broader market amid renewed investor optimism. What’s Fueling the Rally? 1. BSE Sensex Inclusion Triggers Passive Inflows Trent was officially incorporated into the BSE Sensex index on June 23, prompting estimated…
Oswal Pumps Shares Slip 8% Below IPO Price After Lackluster Debut
Oswal Pumps Ltd. saw its share price tumble nearly 8% intraday on June 23, plunging to ₹580 on the BSE—well below its IPO price of ₹614. This drop marked an 11% decline from the stock’s listing-day high of ₹649.15. By midday, the price had rebounded to approximately ₹626–₹627, tracking broader market shifts. What Triggered the…
Kalpataru IPO Opens June 24; 2% Grey Market Premium Signals Cautious Optimism
Shares of Mumbai‑based real estate developer Kalpataru Projects International Ltd. are trading at a 2.17% grey market premium (GMP)—about ₹9 above the upper IPO price band—prior to the public issue opening on Tuesday, June 24. This 2% GMP signals measured investor interest, with expectations of a moderate listing premium. IPO Structure & Key Details About Kalpataru…
Globe Civil Projects IPO Opens June 24; 18% GMP Reflects Strong Demand
The initial public offering (IPO) of Globe Civil Projects Ltd., a New Delhi-based engineering, procurement and construction (EPC) firm, will open for subscription from June 24 to 26, 2025, seeking to raise ₹119 crore through a fresh issue of 1.68 crore shares, priced in the range of ₹67–₹71 per share. Bullish Grey Market Premium (GMP)…
HDB Financial IPO Sees 6.3% Grey Market Premium — What It Signals for Investors
HDB Financial Services, the non-banking financing arm of HDFC Bank, is gearing up for its largest-ever IPO—₹12,500 crore—set to open on June 25 and close on June 27, 2025. In the days leading up to the launch, enthusiasm in the grey market has been brisk, with the Grey Market Premium (GMP) hovering around 6.3% (₹47–48 per share) above…
Rupee Drops 17 Paise to 86.72 Amid Rising Crude Oil & Geopolitical Tensions
The Indian rupee fell by 17 paise to settle at ₹86.72 per US dollar in early trade today, pressured by a surge in global crude oil prices and geopolitical tensions in the Middle East. The decline in the international oil benchmark and a firmer dollar weighed heavily on the currency, overshadowing stabilizing factors such as…
PNB Disburses ₹17 Crore to Martyrs’ Families Under Rakshak Plus Scheme
In a powerful demonstration of its commitment to national service and social responsibility, Punjab National Bank (PNB), one of India’s leading public sector banks, disbursed ₹17.02 crore under its Rakshak Plus Scheme as of June 11, 2025, supporting the families of 26 deceased defence and paramilitary personnel. The announcement was made on June 18, reflecting…
Mahindra & Mahindra (M&M) Shares Surges Up To 34% for 3rd Day, Here’s What’s Fueling the Rally
Shares of Mahindra & Mahindra Ltd (M&M) advanced for the third consecutive trading session on Friday, climbing around 2% intraday to ₹3,160 on BSE. The stock has staged a remarkable 34% recovery from its 52‑week low of ₹2,360.45 on April 7, as ultra-strong volumes and upbeat business drivers lift sentiment. Impressive Recovery Since April Lows…
PFC, REC Shares Rally as RBI Eases Project Finance Norms
Shares of Power Finance Corporation (PFC) and Rural Electrification Corporation (REC) jumped between 4% and 6% in Friday’s session following the Reserve Bank of India’s (RBI) finalisation of new project finance norms. These guidelines ease mandatory provisioning requirements, offering fresh relief to infrastructure and project-focused lenders. The announcement sent strong bullish signals across the sector,…
Aeroflex Industries Shares Jump 27% in 3 Days on Strong Volumes and Technical Breakout
Aeroflex Industries Ltd., a small-cap metal hose manufacturer, has seen its shares skyrocket 27% over the past three trading sessions, buoyed by exceptional volumes and solid company developments. Sharp Rally & Volume Spike On June 19, Aeroflex shares exploded nearly 18%, closing at ₹206.10—a move accompanied by unusually high volumes that caught traders’ attention. The…
