Cochin Shipyard OFS oversubscribed 3.52x; govt to exercise full green shoe option

Shares of Cochin Shipyard Ltd ended at ₹1,448.30, down by ₹56.45, or 3.75%, on the BSE.

Shares of Cochin Shipyard Ltd ended at ₹1,448.30, down by ₹56.45, or 3.75%, on the BSE.

Shares of UNO Minda Ltd ended at ₹1,127.30, down by ₹9.30, or 0.82%, on the BSE.

Index inclusion comes just 15 trading days after the company’s IPO, with funds tracking the benchmark expected to buy billions of dollars’ worth of shares.

The government-owned fertiliser company plans to raise up to ₹1,500 crore by selling more shares to investors and wants to expand into businesses such as renewable energy, water treatment and agrochemicals.

Shares of Poonawalla Fincorp Ltd ended at ₹472.05, down by ₹4.35, or 0.91%, on the BSE.

Shares of Advait Energy Transitions Ltd ended at ₹2,148.00, down by ₹34.80, or 1.59%, on the BSE.

Sandeep Tandon believes the next few months will reward investors who pick strong companies rather than simply betting on the broader market, with infrastructure, power and select energy stocks among his top bets.

Dilip Buildcon has secured a ₹160.20 crore EPC contract from Odisha Bridge & Construction Corporation for a road project in Sundargarh.

Gold prices could stay on an upward path as hopes of US interest rate cuts support demand, while crude oil may become cheaper if global supply continues to outpace demand, according to commodity market expert Ajay Kedia.

Vector Technics has expanded its factory to produce three lakh drone propulsion systems a year and expects rising demand from India’s fast-growing drone industry to help it generate up to ₹400 crore in revenue.