Hyderabad-based pharma and biotech firm Sai Life Sciences, which offers contract research, development, and manufacturing services to large pharma firms, has seen its stock more than double in less than two years since listing. After hitting a record high of ₹1,697 in early September, the stock has declined about 10%. In a conversation with CNBC-TV18,…
Inox Clean Energy Ltd., part of the INOXGFL Group, has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO) of up to ₹10,000 crore. The renewable energy company plans to raise up to ₹8,000 crore through a fresh issue of shares, while…
Shares of AXISCADES Technologies jumped up to another 10% on Wednesday, September 30, gaining for a second straight session after promoter Jupiter Capital Private Limited sold a 10.69% stake in the company through a block deal on Tuesday. Jupiter Capital sold 45.49 lakh shares at ₹1,824 per share, taking the transaction value to approximately ₹829.72…
India’s economy is likely to remain one of the fastest-growing major economies, with exports emerging as a key growth driver even as higher oil prices and global bond yields pose fresh risks, according to Pranjul Bhandari, Chief India Economist and ASEAN Economist, Strategist at HSBC. Bhandari expects India’s economic growth to moderate from 7.8% but…
The recent regulatory-driven sell-off in insurance stocks has created a clear buying opportunity, with the market overreacting to proposed commission caps, according to Mukul Kochhar, Head of Equities at Investec Capital Services. Kochhar said, “We believe that the correction is overdone, and we believe that the stocks are cheap. I can’t go into a single…
Shares of Elevate Campuses Ltd. made a muted debut on the bourses on Wednesday, September 30, after its ₹2,100-crore initial public offering (IPO) was subscribed 1.79 times during the three-day bidding period from September 23 to September 25. The stock listed at ₹355.10 on the NSE, a discount of 1.91% to the IPO price of…
Shares of Avalon Technologies Ltd. were trading sharply off their intraday lows on Wednesday, September 30, after the company issued a clarification regarding the block deals that occured earlier in the day. The stock had declined 5% in early trade after the large transaction took place durin market open. As many as 40.5 lakh shares…
Larsen and Toubro (L&T) Ltd. on Wednesday, September 30, said its transportation infrastructure business vertical has formally executed twin contracts, individually classified as ‘large’ and ‘significant’, from the Roads and Transport Authority (RTA) of Dubai for the development of the Latifa Bint Hamdan Corridor. L&T classifies orders in the ₹1,000 crore to ₹2,000 crore range…
Shares of Mangalore Refinery and Petrochemicals Ltd (MRPL) fell as much as 10% from the day’s high on Wednesday after a fire broke out at the company’s refinery facility near Jokatte in Mangaluru. The stock had gained earlier to touch a day’s high of ₹180.75. However, it tumbled after reports of the incident emerged and…
Vadilal Industries (VIL), which manufactures Vadilal’s ice cream and processed-food products, and Vadilal Enterprises (VEL), which handles their marketing and distribution in India, have agreed to enter into a revised supply agreement for 12 months from November 1, 2026 to October 31, 2027, according to an exchange filing on Wednesday. The development comes after VIL…
