JSW Infrastructure shares listed at 20.16% premium over the IPO price on bourses on Tuesday. The share debuted at Rs 143 on the NSE, as compared to the issue price of Rs 119. The investors have made a profit of Rs 24 per share as the scrip gave more than 20% returns to investors on the listing.
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“The IPO was subscribed 37.37 times, which is a strong indication of investor interest. The company’s fundamentals are also strong, with consistent revenue and profit growth in recent years. Additionally, the company is well-positioned to benefit from the growing Indian economy. Overall, the listing of JSW Infrastructure was a success. The company’s strong fundamentals and good subscr…
Kolte Patil’s shares witnessed a remarkable surge of almost 10% on Wednesday, April 10. This surge followed shortly after brokerage firm Motilal Oswal initiated coverage on the stock, along with a bullish ‘buy’ recommendation.
According to Motilal Oswal’s analysis, the target price for Kolte Patil has been set at Rs 700, indicating a potential upside of 34%.
At the opening bell, Kolte Patil shares were trading at Rs 536, marking a notable uptick from its previous close of Rs 517.45. The rally continued as the stock quickly scaled to Rs 567.80 on the NSE. By 10 am, the shares were trading at Rs 561.65 apiece, reflecting an increase of 8.54%.
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Aditya Birla Group (ABG) firms crossed the combined market capitalisation mark of $ 100 billion, that is Rs 8,51,460.25 crore, on Friday, May 24. “The group’s market cap growth has beaten the benchmark indices Sensex and Nifty, year-to-date, as well as on a one-year, three-year, and five-year time frame,” a statement from the group said.
The statement further added that ABG’s market capitalisation accretion has been double that of the S&P even in US dollar terms across a time horizon of one year and three years.
UltraTech Cement, Grasim, Hindalco, Aditya Birla Capital, Aditya Birla Sun Life AMC, Vodafone Idea, Aditya Birla Fashion and Retail, TCNS Clothing, Aditya Birla Money, Century Textiles, Century Enka and Pilani Investment are a…