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In a significant move to support economic growth, the Reserve Bank of India (RBI) on June 6, 2025, slashed the repo rate by 50 basis points to 5.25%, marking the third consecutive rate cut this year. The decision was announced by RBI Governor Sanjay Malhotra following the conclusion of the Monetary Policy Committee (MPC) meeting…
Shares of Azad Engineering Ltd came under pressure on Friday, June 6, tumbling as much as 11% during early morning trade on the National Stock Exchange (NSE). The sudden drop was triggered by a massive block deal, in which around 48 lakh shares, or 7.4% of the company’s equity, changed hands. According to a report…
Waaree Energies Ltd, a leading player in India’s renewable energy sector, witnessed a marginal uptick in its share price on June 5, after the company announced plans to divest a small portion of its holding in Indosolar Ltd. The move is aimed at complying with minimum public shareholding norms as mandated by Indian market regulators….
Shares of Scoda Tubes Ltd, a Gujarat-based manufacturer of stainless-steel tubes and pipes, continued to attract investor interest on June 5, rising over 4.4% intraday during the morning session. The stock hit ₹153.50 per share on the NSE at 9:35 AM, marking its second consecutive day of gains after listing on the bourses. This rally…
Shares of Reliance Infrastructure Ltd. witnessed a sharp rally on June 4, climbing as much as 13% intraday to hit a 52-week high of ₹385.90. This sudden surge followed a major legal relief for the Anil Ambani-led company, as the National Company Law Appellate Tribunal (NCLAT) suspended an earlier insolvency admission order passed by the…
Shares of Sun Pharma Advanced Research Company Ltd. (SPARC) nosedived 19% to ₹158 apiece on June 4, 2025, following a disappointing update regarding the clinical development of its investigational drug SCD-044, also known as Vibozilimod. The company announced that the drug failed to meet primary endpoints in Phase 2 trials for the treatment of psoriasis…
Shares of United Spirits Ltd., India’s leading alcoholic beverages company, witnessed a modest yet meaningful rally on June 3, after global brokerage house JPMorgan Chase & Co. upgraded its rating on the stock. The stock ended the day with a gain of nearly 2%, closing at ₹1,578 apiece on the NSE. While the percentage move…
Shares of Brainbees Solutions Ltd, the parent company of FirstCry, saw a sharp rally on Tuesday, with the stock gaining as much as 15% intraday, despite the company’s disappointing fourth-quarter earnings. The stock hit an intraday high of ₹392.90 on the NSE before paring some gains to trade at ₹374.80, still up 9.9% as of…
The Initial Public Offering (IPO) of 3B Films Limited has garnered investor interest on its third bidding day, recording an overall subscription of 1.62 times so far. While the numbers indicate moderate traction, the grey market premium (GMP) for the issue has dropped to ₹0, raising questions about listing day expectations and investor sentiment. The…
Prostarm Info Systems made a strong debut on the Indian stock market on June 3, listing its shares at a significant premium over its IPO issue price. The stock listed at ₹125 apiece on the Bombay Stock Exchange (BSE), marking a 19.05% rise over the IPO price of ₹105. This robust start gave the company…