Stock market investors decided to be cautious after the Indian government confirmed two Human Metapneumovirus (HMPV) cases in Karnataka and one in Gujarat, amid concerns of a virus outbreak wreaking havoc in China. As a result, the Nifty lost almost 1.6% and the Sensex closed the day down about 1,258 points. A massive sell-off in … Read more
Captain Pipes, one of the top companies in the PVC pipe sector, has become one of the most important wealth creators in recent history as a result of the rapid rise in Dalal Street’s share price. Four years ago, the company’s stock was trading at Re 0.65. Today, it is worth ₹19, a 2823% rise. … Read more
After Kalyan Jewellers India Ltd. released its third quarter report, which revealed year-over-year consolidated sales increase of almost 39% in the December quarter, the company’s share price jumped by almost 5%. Shortly thereafter, though, the stock fell. “Our India operations witnessed revenue growth of approximately 41% during Q3 FY2025, as compared to Q3 FY2024, led … Read more
Paras Defence and Space Technologies Ltd.’s stock surged 10% on Tuesday, reaching its peak price range of Rs 1,066.50. The company’s announcement that it had been granted a vital license by the Indian government to produce sophisticated light machine guns was the catalyst for the spike. “We are happy to notify you that M/s. Paras … Read more
Maharashtra Natural Gas Ltd., a joint venture with GAIL and Indraprastha Gas Ltd., has received in-principle approval from Bharat Petroleum Corp. to go public. According to BPCL’s regulatory filing, the proposed IPO is anticipated to garner about Rs 1,000 crore. IGL currently owns 50% of MNGL, with BPCL and GAIL each owning 22.5%. MNGL is … Read more
Indo Farm Equipment’s shares saw a respectable start to their voyage as a publicly traded company on Tuesday, January 7, following a massive 229.68 times subscription during the three-day bidding period from December 31 to January 2. At a 19.07% premium over its initial public offering price of ₹215, the shares started at ₹256 on … Read more
Nishant Pitti, the co-founder and CEO of Easy Trip Planners, has resigned, effective January 1, 2025. The move comes after his previous decision to sell a 1.4% ownership in the company, which runs the online travel portal EaseMyTrip. Pitti explained in a stock exchange filing that he was stepping down for personal reasons. Nishant Pitti … Read more
The Indian stock markets began slightly higher Wednesday in the first trading session of 2025, even though the majority of the world’s markets were closed for the New Year. The National Stock Exchange (NSE)’s Nifty50 opened at 23,637.65 on the first day of the year, while the BSE Sensex opened at 78,265.07 Stock market opens … Read more
Bajaj Auto’s stock dropped around 3% in morning trading on the first day of the new year as a result of the company’s poor December sales. Compared to 1.90 lakh units sold in the same month the year before, the two-wheeler manufacturer’s overall domestic sales fell 15% to 1.62 lakh units in December 2024. Nevertheless, … Read more
A significant disruption on the Indian Railway Catering and Tourism Corporation’s (IRCTC) e-ticketing platform caused its shares to fall 1.4% to Rs 778.80 on the BSE. Travelers posted screenshots of error messages suggesting “maintenance activity” in progress on social media to voice their concerns about online ticket booking. What Happened? The Indian Railway Catering and … Read more
