Suzlon Energy’s shares surged to a 5 per cent upper circuit for the third straight session, hitting a new 52-week high of ₹86 in Wednesday’s BSE trading. This boost was fueled by favorable investor sentiment after Morgan Stanley assigned an overweight rating to the renewable energy firm. The stock experienced significant trading activity, with approximately … Read more
The Premier Energies IPO, which opened for subscription on August 27 and closed on August 29, is all set to be listed on Indian bourses in the coming week. The IPO is scheduled to list on the BSE and NSE, with a tentative listing date set for Tuesday, September 3. The Premier Energies IPO was … Read more
Stock Market News: Domestic equity benchmarks Sensex and Nifty 50 snapped their two-week losing streak in the previous session powered by information technology (IT) stocks after positive macroeconomic data in the US allayed fears of a recession in the world’s largest economy, resulting in better risk appetite. The NSE benchmark posted its best session since … Read more
Stock Market News: The domestic benchmark indices, Sensex and Nifty 50, finished Friday’s session on a bleak note since they were unable to recover their losses. In the last hour of trading, Nifty 50 managed to close above the dotted lines despite a lackluster day’s progress. Gains in energy stocks helped the Nifty 50 achieve a new … Read more
Interestingly, these funds bought ICICI Securities shares at a premium to the value of ICICI Bank shares they will get in exchange, if the delisting of ICICI Securities goes through. For every 100 shares of ICICI Securities, shareholders will get 67 shares of ICICI Bank, translating to a share swap ratio of 0.67. However, throughout … Read more