Stock Market

Cipla shares fall after FDA suspends license of Patalganga unit for 10 days

Market Update, Stock Market

Cipla shares fell more than 1% in early trading on August 17 after the Konkan Food and Drug Administration (FDA) ordered the suspension of the license granted to the company’s Patalganga production unit for 10 days. in December 2023. The order was the result of non-compliance with good manufacturing practices at said facility under the …

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Adani Power gains 3%, recover previous day’s loss after GQG revealed as buyer of 8.1% stake

Market Update, Stock Market

Adani Power’s share price increased by more than 3% in morning trading on August 17, making up for the previous day’s loss, after it was reported that GQG Partners was the party to buy 8.1 shares worth of shares. % in company. Shares of Adani Power rose to Rs 288.3 in the morning, from a …

Adani Power gains 3%, recover previous day’s loss after GQG revealed as buyer of 8.1% stake Read More »

Motilal Oswal raises Nifty50 EPS outlook by 2.5% on robust corporate earnings

Market Update, Stock Market

Motilal Oswal increased its FY24 earnings forecast for Nifty 50 shares by 2.5% to Rs 988 on the basis of strong business results that look strong enough to support India’s growing economic outlook. . Smart companies reported 32% growth in profits in the June quarter. The earnings distribution was particularly positive, with 62% of total …

Motilal Oswal raises Nifty50 EPS outlook by 2.5% on robust corporate earnings Read More »

KPI Green Energy shares gain on deal to develop green power projects

Market Update, Stock Market

Share price of KPI Green Energy rose slightly on August 16 after the company signed a contract with Mahatma Phule Renewable Energy and Infrastructure Technology Co., Ltd (MAHAPREIT), a subsidiary of Vietnam Development Corporation. Mahatma Phule Backward Development Class (MPBCDC), a government enterprise in Maharashtra. At 10:06 am, KPI Green Energy was trading at Rs …

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JSW Energy gains on bulk deals; GQG Partners buys Rs 410.94 crore shares

Market Update, Stock Market

Shares of JSW Energy rose 3% on the NSE on August 16 after the company announced on August 14 that Rajiv Jain’s emerging markets fund GQG Partners had purchased Rs 410.94 crore of shares. bond of JSW Energy. Nearly 1.19 crore of shares of JSW Energy were purchased by the US-based GQG Partners Emerging Markets …

JSW Energy gains on bulk deals; GQG Partners buys Rs 410.94 crore shares Read More »

IndiGo shares fly down 4.5% after Rs 4,837-cr share sale likely by Gangwal family

Market Update, Stock Market

Shares of IndiGo operator, InterGlobe Aviation, fell 4.5% in early trading on August 16 after a block deal involving 5.1% of the company’s capital took place on exchanges. pandemic. At 9:21 am, shares of InterGlobe Aviation traded down 3.66% to Rs 2,445.95 on the National Stock Exchange. About two million shares or 5.1% shares of …

IndiGo shares fly down 4.5% after Rs 4,837-cr share sale likely by Gangwal family Read More »

Primary market action: Four IPO launches, five listings to take place next week

Market Update, Stock Market

The upcoming truncated week will see a lot of activity in the primary market, as four IPOs will open registration and five new companies will be added to exchanges. Manufacturer of molded polymer products Pyramid Technoplast is the only motherboard IPO company, the auction will start on August 18, with prices ranging from Rs 151-166 …

Primary market action: Four IPO launches, five listings to take place next week Read More »

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