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Today, Coforge Ltd., a prominent midcap IT services firm, witnessed a notable market event as its shares began trading ex-split following a 1:5 stock split. This corporate action, aimed at enhancing stock liquidity and making shares more accessible to retail investors, resulted in each existing equity share of ₹10 face value being subdivided into five…
Posted on June 4, 2025, by Niftynews Servotech Renewable Power System witnessed a remarkable 14% jump in its share price on June 4, 2025. This rally came on the heels of a major ₹33.6 crore contract for a 7.8 MW solar rooftop project awarded by the Northeast Frontier Railway. This development not only underscores the company’s…
Posted on June 4, 2025, by Niftynews The Tata Technologies share price dropped over 1.55% on Wednesday, June 4, 2025, following reports that TPG Rise Climate SF, a subsidiary of global private equity giant TPG, had offloaded a 3.9% stake in the company through a major bulk deal on the NSE. The news triggered bearish sentiment…
Posted on June 4, 2025, by Niftynews The SPARC share price nosedived nearly 20% on June 4, 2025, after the biopharmaceutical firm announced it would halt development of SCD-044, its experimental treatment for psoriasis and atopic dermatitis. The news sent shockwaves through the market, as the drug had been one of the most promising candidates in…
Posted on June 4, 2025, by Niftynews The ABFRL share price fell sharply on June 4, 2025, plunging 10% intraday to ₹77 per share after news broke of a massive block deal involving Flipkart Investments. Roughly 7.6 crore shares, representing 6.23% equity in Aditya Birla Fashion and Retail Ltd (ABFRL), changed hands early in the trading…
Posted on June 4, 2025, by Niftynews The GRSE share price jumped 10% in Wednesday’s trade, reaching a new record high of ₹3,464.85. This bullish movement follows the announcement that Garden Reach Shipbuilders & Engineers Ltd (GRSE) has signed a Memorandum of Understanding (MoU) with Norway-based defence and maritime tech company Kongsberg Gruppen. The agreement is…
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…