Waaree Energies IPO subscribed 12 times so far on Day 3. Check GMP, other key details
Waaree Energies’ IPO has been subscribed 12.05 times on the last day, with strong demand from non-institutional and retail investors. The IPO price band is set at Rs 1,427-1,503 per share, and shares are expected to list on October 28. Funds will support expansion into India and the US.
Hindustan Zinc shares surge 4% amid rising silver prices
Hindustan Zinc shares rose 4% as silver prices exceeded ₹1 lakh per kg. Analysts foresee further gains amid industrial demand and safe-haven appeal, particularly leading up to Dhanteras.
Mahindra Finance shares dip 8% as Q2 results disappoint Street. What brokerages say?
Mahindra Finance shares fell 8% despite a 26% YoY profit growth to Rs 390 crore. Analysts remain cautiously optimistic, citing concerns over rural borrower stress and seasonal performance impacts.
Olectra Greentech shares jump 6% after Q2 net profit soars 156% YoY
Olectra Greentech’s shares rose nearly 6% after reporting a 156.4% YoY profit increase to Rs 47.7 crore for Q2. Revenue surged 70.5% to Rs 523.7 crore, boosting market confidence.
Lakshya Powertech shares list at 90% premium over IPO price on NSE SME platform
Lakshya Powertech’s shares debut on the NSE SME platform at a 90% premium, opening at Rs 342 against an issue price of Rs 180. Funds from the public offer will address debt repayment, working capital, and general corporate needs. The company operates in oil and gas, renewable energy, power, and industrial sectors.
Adani Energy shares tumble 4% on Sebi notice for alleged misclassification of shareholding
Adani Energy Solutions shares are under scrutiny following the receipt of a show-cause notice (SCN) from the Securities and Exchange Board of India (SEBI) during the September quarter, related to the wrongful categorization of shareholders. The company disclosed this in its exchange filing for the quarter but did not provide further details.
Coforge shares rally over 7% after reporting 24% YoY jump in Q2 PAT
Coforge reported a profit after tax of Rs 233.6 crore for Q2 2024, marking a 24.3% YoY increase. Revenue grew by 33% YoY. The company also announced an interim dividend of Rs 19 per share. Shares have risen by 35.9% over the past year. Coforge’s CEO expressed confidence in sustained growth.
ETMarkets Smart Talk: Banking and consumption sectors to outperform by next Diwali, says Naveen Kulkarni
The stock markets have been relatively stable over the last two months since the beginning of October. Although the market did reach new highs at times, overall returns have been modest.
India’s growth to withstand global inflation pressure: Santosh Rao
The headline is that tariffs are bad, they do not work, they are inflationary, and we do not need that at this point. But right now, this is election season, everybody is throwing out everything out there to get their vote, so it is a very close election.
Positive Breakout: These 3 stocks close cross above their 200 DMAs
In the Nifty500 pack, three stocks’ close prices crossed above their 200 DMA (Daily Moving Averages) on October 22, according to stockedge.com’s technical scan data.