Seshaasai Tech IPO to open on Sept 23: Check price band, issue size and more
Last month, the Mumbai-based company raised ₹120 crore in pre-IPO placement, issuing 2.84 million equity shares at ₹423 each, which included a ₹413 premium per share.
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SEPC shares surge 10% after winning order worth ₹442 crore from water resources department in Delhi
The order won by SEPC is to be completed in 24 months. The order value is nearly 20% of the company’s overall market capitalisation of over ₹2,500 crore.
Page Industries shares slip after HSBC projects 10% more downside
The brokerage flagged concerns over the company’s growth outlook, saying that the launch of JKY Groove marks a shift away from its core basics segment with limited potential.
Rupee falls 16 paise to 88.01 against US dollar in early trade
On Wednesday (September 17), the rupee appreciated 24 paise to close at 87.85 against US dollar.
Fed’s 25 bps cut positive for emerging markets, not yet a dovish cycle: Conrad Saldanha
Conrad Saldanha, MD & Portfolio Manager at Neuberger Berman, said the US dollar’s weakness after the Fed’s rate cut is a positive for emerging markets.
Vikram Solar shares in focus after promoters create pledge on nearly a third of their holdings
Of the three promoter entities, Gyanesh Chaudhary Family Trust and VSL Ventures have pledged their entire stake in the company.
Sun Pharma added to Citi’s pan-Asia focus list with 35% upside
Brokerage firm Citi expects Sun Pharma’s innovation revenues to climb to $3.2 billion by FY30, up from $1.2 billion in FY25.
Cohance Lifesciences shares worth ₹3,073 crore change hands in block deals; Stock falls 6%
A day prior, sources had told CNBC-TV18 that Jusmiral Holdings was to sell up to 5.1% of its stake in Cohance Lifesciences Ltd. via block deals.
Hindalco’s Novelis plant in New York catches fire, no injuries reported; Production halted
Hindalco said production at its Novelis Plant in Oswego, New York plant has been halted at the moment as it investigates the cause of the fire and determines the extent of the impact on its operations.
Poonawalla Fincorp share price surges 12% as promoter stake increases after ₹1,500 crore fund infusion
With this fund infusion, the promoter stake in Poonawalla Fincorp goes up from 62.43% to 63.97%. Poonawalla Fincorp’s Book Value Per Share (BVPS) also goes up by 13.4% to ₹119.6, from ₹105.4 earlier.