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Shares of Texmaco Rail & Engineering Ltd. shot up nearly 9% intraday on June 25 after the company emerged as the lowest bidder and secured a ₹535 crore contract from Indian Railways. This strong rally reflects renewed investor confidence in the company’s robust order backlog and growth prospects. Key Order Details & Impact Stock Momentum…
Shares of Waaree Energies surged more than 4% intraday, reaching ₹3,095 on the NSE/BSE following a significant uptick in trading activity. The intraday rally was driven by around 30 lakh shares changing hands, with a cumulative trading value of approximately ₹915 crore—nearly 11 times the 20-day average volume. Key Catalysts Behind the Rise Technical and…
Sambhv Steel Tubes Ltd., a Raipur-based manufacturer specializing in electric resistance welded (ERW) pipes and structural tubes, received strong investor attention on its first day of subscription (June 25). By midday, the IPO had already crossed 31% full subscription, and the Grey Market Premium (GMP) stood at a healthy ₹9–10, signaling investor enthusiasm. Day 1…
Shares of Hyundai Motor India Limited (HMIL) surged impressively over the past four trading sessions, gaining more than 12% as investor optimism soared. The uptick brought the company’s market capitalization close to the ₹2 lakh crore mark, reflecting renewed confidence in the automaker’s growth story. Powerful Momentum Driven by Exports and Technical Breakout Intra-day on…
How the Market Reacted Shares of Hindalco Industries edged higher by about 1% in early trade following the announcement that its subsidiary, Aditya Holdings LLC, agreed to acquire AluChem Companies Inc. for $125 million (₹1,075 crore) in an all-cash deal. This strategic move is aimed at expanding Hindalco’s global footprint in speciality alumina, a high-value…
Shares of Arisinfra Solutions Ltd. entered the Indian markets today with a whimper, listing around ₹205 on the NSE, approximately 7.7% below the ₹222 issue price, and ₹209.10 on the BSE, roughly 5.8% below the IPO price. The discount reflects a muted investor reception and tepid sentiment, with hopes of a #buy‑on‑listing lift dashed. Listing…
Shares of Titan Company Ltd. rose approximately 4% on June 26, emerging as one of the top gainers on both the BSE and NSE. The uptick followed a reaffirmation of an ‘Outperform’ rating by Macquarie, which maintained its target price of ₹3,750 per share—implying significant upside from current levels. Key Drivers Behind the Surge Business…
Shares of Mahanagar Telephone Nigam Ltd. (MTNL) skyrocketed by 19% intraday, touching ₹57.79 on the NSE on June 25. The sharp rally was triggered by reports that the central government may soon approve the transfer of telecom PSU land assets, including those held by MTNL, to accelerate debt restructuring for companies like BSNL, MTNL and…
Ola Electric Mobility Ltd (NSE: OLA) shares have witnessed a staggering 42% decline from their IPO price of ₹76, sparking concern among retail and institutional investors alike. The company, once hailed as a poster child of India’s EV boom, is now grappling with steep losses, declining volumes, and heightened scrutiny. From IPO to All-Time Low Initially…
On June 25, Multi Commodity Exchange of India Ltd (MCX) witnessed a sharp ~5% intraday surge, reaching an all-time high of ₹8,620 on BSE. This move followed a bullish upgrade from global brokerage firm UBS, which raised its target price to ₹10,000 (from ₹7,000) while maintaining a “Buy” rating, supported by healthy trading volumes and…