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Influx Healthtech’s SME IPO, which opened on June 18 and closed today, received an overwhelming response from retail and high-net-worth investors. With strong subscription numbers and a healthy grey market premium, the issue sets the stage for a potentially strong listing on the NSE SME platform. Subscription Status: Oversubscription Across Categories By end of trading…
Shares of FMCG powerhouse Nestlé India jumped approximately 1.6% intraday, closing near ₹2,356.80, following an announcement that its Board will convene on June 26, 2025, to consider its first-ever bonus share issue. This corporate move, combined with anticipated improvements in liquidity and retail participation, has reinvigorated investor sentiment in the stock. Market Reaction: Bonus Share…
Shares of Oswal Pumps & Systems Ltd. made a modest debut on the BSE and NSE today, listing 3% higher than the IPO issue price. However, this performance fell short of expectations, as the grey market premium (GMP) had suggested a listing gain of 10% or more. Listing Day Overview Despite strong anticipation, the subdued…
Amid rising tensions between Israel and Iran, India’s economy and markets are beginning to feel significant ripple effects. Here’s a deep dive into the impact of the Israel–Iran war on India across multiple fronts—from the rupee and inflation to trade, energy, diplomacy and defence. Rupee Nosedives, Volatility Rises The Indian rupee plunged to a three-month…
Vinay Razdan, HDFC Bank’s Chief Human Resources Officer (CHRO), has resigned effective June 18, 2025, concluding a seven-year tenure at India’s largest private sector bank. His decision, submitted on June 2, 2025, follows a three-month notice period and the commencement of “gardening leave”—a paid hiatus without active duties—unless otherwise directed. A Distinguished HR Journey Vinay…
RBL Bank shares witnessed a significant surge of 4.3% in intraday trading on Thursday, propelled by a bullish breakout on the daily charts. The stock gained strong traction among traders and investors, signaling growing momentum after consolidating for the past few weeks. Bullish Breakout Fuels Rally The stock price of RBL Bank broke through a…
Tech Mahindra Ltd., one of India’s leading IT service providers, saw its shares decline by 2.5% in intraday trading on Wednesday. The drop comes amid a cautious broader market sentiment and sector-specific concerns that are weighing on investor confidence. Stock Performance As of the afternoon session, Tech Mahindra stock was trading at ₹1,298, down 2.5%…
Indosolar Ltd., once a forgotten name among penny stocks, made a stunning comeback to the markets after a three-year trading suspension, witnessing a jaw-dropping 1,600% rally. The remarkable surge comes after the company’s successful relisting and recent acquisition by Waaree Energies, a prominent solar energy firm in India. Relisting Sparks Investor Frenzy Shares of Indosolar…
Despite receiving a bullish outlook from global brokerage firm Macquarie, shares of Trent Ltd declined by 1% in today’s trading session. The temporary weakness in the stock price comes even as Macquarie maintained its ‘Outperform’ rating and projected a 25% upside potential from current levels. Macquarie’s Bullish Call Macquarie has set a target price of…
Shares of KPIT Technologies Ltd. declined 2.06% during Wednesday’s trading session, closing lower amid mixed cues from broader markets and selective profit booking by investors. The stock opened at ₹1,468 and slipped to an intraday low of ₹1,428 before settling at ₹1,434.80 on the NSE. What Drove the Decline? The slide in KPIT Technologies shares…