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Shares of IDBI Bank Ltd., a significant PSU in India’s banking sector, surged approximately 5% intraday, trading at around ₹105–106 on June 30 amid increasing reports that the government is preparing to invite bids for its privatisation. The stock approached its 52-week high, reflecting intensified investor interest in the potential divestment process. Market Moves &…
Shares of Waaree Energies Ltd. surged around 5.1% intraday, reaching ₹3,097 on the BSE, following news that its U.S. subsidiary secured a massive 540 MW solar module order. The rally marked the stock’s strongest single-session gain since June 20 . Order Snapshot Investor & Market Reaction Q4 FY25 Financial Performance Waaree has provided a bullish EBITDA…
Shares of Torrent Pharmaceuticals Ltd. surged approximately 3.9% intraday, touching ₹3,474.60 on the BSE, following the confirmation of its acquisition of a controlling stake in JB Chemicals & Pharmaceuticals Ltd in a massive ₹25,689 crore deal. HSBC reiterated a “Buy” rating, citing significant strategic benefit for Torrent, while Nomura remained “Neutral”, expressing caution over integration…
Shares of Karnataka Bank plunged approximately 7% on Monday, trading near ₹192 on the BSE/NSE, after its Managing Director & CEO Srikrishnan Hari Hara Sarma and Executive Director Sekhar Rao resigned amid differences with the board over expenses. What Triggered the Resignations Market Reaction & Technical Indicators Board’s Response & Succession Plans Financial Context Conclusion…
Shares of RBL Bank Ltd., a key player in the BSE 500 index, surged approximately 4.6% intraday, reaching a one-day high of ₹249.80, following a bullish momentum triggered by recent developments in its business outlook and improved technical indicators. Stock Performance Snapshot Recent Drivers Behind the Rally Financial Health Overview Market Outlook & Analyst View…
Bharat Heavy Electricals Limited (BHEL) saw its shares rise 3% intraday to ₹272 on the BSE after bagging a monumental ₹6,500 crore order from Adani Power. The contract entails supplying steam turbine generators, their auxiliary systems, and overseeing the erection and commissioning of six thermal power units of 800 MW each . Order Details & Strategic…
Shares of Jio Financial Services Ltd (JFSL) rallied approximately 3.9–5.4% intraday on June 27, closing near ₹326, after the Securities and Exchange Board of India (SEBI) granted its joint-venture Jio BlackRock Broking Pvt Ltd. the licence to operate as a stockbroker and clearing member. Key Highlights Strategic Implications Market Outlook Conclusion The SEBI approval for…
In a historic move signaling India’s ambition to expand its maritime and shipbuilding capabilities beyond domestic shores, Mazagon Dock Shipbuilders Limited (MDL), a leading public sector defence shipyard, has acquired a controlling 51% stake in Colombo Dockyard PLC (CDPLC) for approximately $52.96 million (₹452 crore). This acquisition marks MDL’s first international foray, and it’s not…
Adani Total Gas Ltd (ATGL), a pivotal part of the Adani Group’s energy portfolio, surged nearly 7.5% intraday on Friday, June 27, marking its fifth straight session of gains. Over the span of five trading days, the stock has rallied approximately 12.5%, drawing strong investor interest . Drivers Behind the Rally Performance Snapshot Period Change…
On the final day of its initial public offering, Raipur‑based Sambhv Steel Tubes Ltd. saw its issue oversubscribed by approximately 6.6 times, with a strong grey-market premium (GMP) of around ₹12–₹13 (+14%) signaling high investor confidence . Subscription Summary (as of 1 PM, June 27) Price Band & Lot Size Grey Market Premium Anchor Book & IPO…