Articles for category: Business

Rajiv Sharma

New IPO opening from October 16 with price band of ₹180, indicating 75% profit in gray market.

New IPO opening from October 16 with price band of ₹180, indicating 75% profit in gray market.

In recent times, Initial Public Offerings (IPOs) have attracted significant interest from investors looking to capitalize on new opportunities within the stock market. With several IPOs scheduled for the upcoming week, including an SME (Small and Medium Enterprises) IPO, investors are keen to understand the potential and dynamics involved. One standout offering is the Lakshya ...

Rajiv Sharma

Company offering 3 free shares for every 1 purchased, record date approaching, buying frenzy at ₹219 per share.

Company offering 3 free shares for every 1 purchased, record date approaching, buying frenzy at ₹219 per share.

In the dynamic world of investments, bonus shares can often attract significant attention, particularly in niche markets such as penny stocks. Grovy India Ltd, a company engaged in the real estate sector, is set to make headlines with its first-ever bonus issue, offering investors an enticing opportunity for growth and shareholder value. Understanding Bonus Shares ...

Rajiv Sharma

Up to 9.5% interest on savings, investors can earn more from these banks

Up to 9.5% interest on savings, investors can earn more from these banks

The Reserve Bank of India (RBI) has opted to maintain its key interest rate, known as the repo rate, while simultaneously moderating its previously aggressive stance. This decision marks the initial step towards a potential reduction in interest rates in the future. Understanding the implications of this decision is crucial for various stakeholders, including consumers, ...

Rajiv Sharma

Hyundai Motor reveals major plan to invest Rs 32,000 crore before IPO

Hyundai Motor reveals major plan to invest Rs 32,000 crore before IPO

Introduction Hyundai Motor India Limited is on the verge of launching its much-anticipated Initial Public Offering (IPO). As the IPO date approaches, the company has unveiled its ambitious future plans which include significant investments aimed at enhancing production and strengthening its position in the Battery Electric Vehicle (BEV) sector. This article delves into Hyundai’s future ...

Rajiv Sharma

Defense sector giant awarded Maharatna status for significant benefits

Defense sector giant awarded Maharatna status for significant benefits

Hindustan Aeronautics Limited (HAL) has recently been conferred with the prestigious status of a Maharatna company. This recognition signifies HAL’s significant contributions to the aerospace sector and its vital role in India’s defense capabilities. As reported by the Department of Public Enterprises on Saturday through social media, this elevation acknowledges HAL’s robust financial performance and ...

Rajiv Sharma

Top investor's company sees profit surge, sluggish stock performance—are you betting on it?

Top investor’s company sees profit surge, sluggish stock performance—are you betting on it?

The financial performance of Avenue Supermarkets in the September quarter has shown an notable improvement, reflecting the company’s resilience and strategic initiatives. This increase in profit demonstrates the company’s effectiveness in navigating market challenges and capitalizing on consumer trends. Financial Performance Overview Avenue Supermarkets reported a profit of ₹659.44 crores for the September quarter, marking ...

Rajiv Sharma

Stock soars after quarterly results, owned by Mukesh Ambani

Stock soars after quarterly results, owned by Mukesh Ambani

Just Dial, a prominent local search engine in India, has recently reported its financial results for the September quarter, showcasing substantial growth and profitability. The company, known for its extensive database of local businesses, has garnered a large user base, contributing to its recent successes. Shareholding Structure As a promoter, Just Dial holds a significant ...

Rajiv Sharma

Navratna Company Secures 650 Million Rs Contract, Shares Hit Storm for 2 Years

Navratna Company Secures 650 Million Rs Contract, Shares Hit Storm for 2 Years

NBCC India Limited, a renowned Navratna company, has recently secured a significant contract valued at ₹651.5 million. This noteworthy achievement reflects the company’s robust portfolio and growth trajectory, which has attracted investor attention and resulted in a remarkable surge in its share prices over the past two years. In this article, we will explore the ...