Shares of Nio Inc. (NYSE: NIO) surged by a whopping 17% on Tuesday, closing at $5.22. The rally comes as investors gear up for the company’s highly anticipated fourth-quarter and full-year 2024 earnings report, scheduled for release on March 21, 2025. What’s Driving Nio’s Stock Surge? Several factors are behind this impressive stock jump. First, … Read more
Shares of Tata Motors dropped 3.2% to Rs 769.45, the intraday low. On January 9, the stock was one of the biggest losers in the Nifty 50. Following the release of a 3% decline in retail sales of 106,334 units during the October to December quarter of FY25 by its subsidiary Jaguar and Land Rover … Read more
Parmeshwar Metal Ltd shares listed on the BSE SME platform for ₹84.50 per share, representing a 38.52% premium over the IPO price, demonstrating robust investor demand and a positive market response to the listing. The Parmeshwar Metal IPO had an extraordinary reaction during its three-day bidding process, resulting in a subscription of over 563 times. … Read more
Tata Technologies’ stock rose as much as 3% in early trading on Wednesday, January 8, reaching a high of Rs 908 a share on the BSE that day. After the multinational product engineering and digital services company signed a strategic Memorandum of Understanding (MoU) with Telechips, a provider of automotive semiconductor solutions, the shares experienced … Read more
In Wednesday’s intraday trading, Exicom Tele Systems’ shares were trapped in a 5% upper circuit at Rs 250.25 per on the BSE. Following the announcement on Tuesday of the signing of a Memorandum of Understanding (MoU) with Mufin Green Infra Limited, a supplier of turnkey project solutions for EV charging infrastructure, Exicom Tele Systems’ stock … Read more
The latest move to entice investors to a country reeling from a civil war and battling to handle regional instability is Ethiopia’s launch of a stock exchange after a five-decade hiatus. Ethiopia Investment Holdings is selling Ethio Telecom shares in order to generate up to 30 billion birr US ($234 million) for an IPO. Ethiopia … Read more
The stock of Nvidia (NVDA) fell more than 6% on Tuesday, one day after closing at a record high ahead of CEO Jensen Huang’s keynote address at the annual CES trade exhibition in Las Vegas. Huang’s presentation on Monday night provided a rush of updates on forthcoming Nvidia products, as well as a sneak peek … Read more
Suzlon Energy Ltd.’s stock fell more than 4% on Monday after the renewable energy company announced that the Ahmedabad Income Tax Department has sent them an income tax demand of Rs 1.01 crore for FY17. After closing at Rs 61.96 on the BSE, the multibagger stock fell 4.43% to Rs 59.21. The company’s market value … Read more
Anand Rathi Wealth’s stock jumped 7.5% in early morning trade on Thursday, January 9, following the company’s announcement that its board will think about issuing bonus shares the following week. The company informed stock markets in a post-market announcement on Wednesday that its board will meet on Monday, January 13, to talk about the bonus … Read more
ITI shares hit a lower circuit limit immediately after reaching a 52-week high. After requesting clarification from the PSU, the BSE and NSE placed the stock under the short-term ASM framework because of its volatility. At 12:05 PM, ITI’s share price was down 9.99%, trading at ₹489.95 on the NSE. In comparison to the previous … Read more
