Shares of NHPC Ltd. gained 5% as its offer for sale (OFS) opened for retail investors on Wednesday, June 3. Retail investors fully subscribed to the OFS as they bid for 6.19 crore shares of the 3.01 crore shares on offer on Wednesday. At the end of the March quarter, retail investors held 8.28% stake…
Capacite Infraprojects Ltd. on Wednesday, June 3, said it has secured an order worth ₹589 crore from a subsidiary of Raymond Realty Ltd. The company, in a stock exchange filing, said, it received a letter of intent (LoI) from the Raymond Realty subsidiary Ten X Realty East Ltd. for the civil core and shell works…
The level of euphoria in the market is worrying investors who think the rally is going too far, too fast. There remain many risks on the horizon that could hurt the stock market, including the likelihood that the Federal Reserve could hike rates this year. The speed of the market’s run-up in the last two…
Foreign investors may be selling Indian shares in the secondary market, but they continue to show strong interest in high-quality Indian initial public offerings (IPOs), according to Amol Gupte, CEO-Asia South at Citi. Speaking at the Citi India Conference, Gupte said investors are still willing to back strong Indian businesses despite global uncertainty and market…
Shares of India’s largest IT services company, Tata Consultancy Services Ltd. shares plunged as much as 9% on Wednesday, June 3, putting the IT major on course for its biggest single-day decline in more than six years. The stock hit an intraday low of ₹2,224.80 and was trading 8.6% lower at ₹2,235.4 as of 1.10…
IT stocks have declined up to 9% on Wednesday, June 3, after witnessing a strong upmove over the two trade sessions. The Nifty IT index is down nearly 6%, with all 10 stocks trading with losses. Cumulatively, the stocks on the Nifty IT have wiped out over ₹1.5 lakh crore in investor wealth, with TCS…
Retail investors have been given a separate window on June 3 to participate in the share sale. The divestment is part of the government’s broader plan to meet its disinvestment targets while improving public shareholding in state-run enterprises. NHPC, with a market capitalisation of around Rs 75,418 crore, remains a key player in India’s hydroelectric…
Swiggy Share Price: Morgan Stanley gives neutral stance on food delivery stock – Check latest target price & reasons (Image: Canva/iStock) Swiggy share price target: Food delivery and quick commerce company Swiggy, which also owns Instamart, incurred a loss of Rs 1,081 crore in the year-ago period. Revenue from operations jumped 44.74 per cent to…
IT sector outlook: IT index have rebounded over 15 per cent from May lows. Morgan Stanley sees up to 28 per cent upside in TCS, Infosys and HCLTech. (Image: AI/ET Now) IT Sector Outlook: The pressure on IT stocks appears to be easing, supported by renewed optimism around a global surge in artificial intelligence (AI)…
Namit Singh Sengar is a Chief Copy Editor with over seven years of experience in delivering content across diverse domains. Specialising in business news across personal finance, real estate, IPOs and markets, Namit brings an editorial eye and a deep understanding of complex subjects to his work. His educational foundation includes Post Graduate Diploma in…
