Konstelec Engineering debuted on the NSE SME platform with a premium of 200%, listing at Rs 210 compared to the issue price of Rs 70. The company’s shares commanded a robust GMP of Rs 90 in the unlisted market. The SME IPO of Konstelec Engineering received massive subscription and raised around Rs 28.7 crore.
Taking Stock: Market posts solid gains; Sensex up 1,241 pts, Nifty above 21,700
Among sectors, oil gas index up 5 percent, Power index up 3 percent, and Capital Goods index up 2 percentNifty, Sensex surge in Budget week; Q3 earnings, Fed meet to dictate trend
“Technically 21,750 is a strong resistance for Nifty around which we expect the current rally to cool off. Supports are placed at 21,137 and 20,870 on the downside,” said Rahul Sharma of JM Financial Services.Sensex surges 1,000 pts, Nifty tops 21,650: Asian cues among key factors driving Dalal Street
Analysts expect volatility to remain high through the week in the backdrop of major events like the Interim Budget and the US Federal Reserve#39;s monetary policy meeting.Trading halts for Evergrande on Hong Kong stock exchange
“Trading in the shares of… Evergrande Property Services Group Limited has been halted at 10:19 a.m today,” the city’s stock exchange said. It also halted trading in its electric vehicle subsidiary at the same time.
Q3 results today: ITC, Bajaj Finance among 88 companies to announce earnings on Monday
On Saturday last week, YES Bank reported robust growth in profit for the December quarter, with the bottomline surging more than four times year-on-year (YoY) to Rs 231 crore. Its net interest income, the difference between interest earned and interest expended, rose 2.4% YoY to Rs 2,017 crore.
Buy or Sell: Stock ideas by experts for January 29, 2024
Macrotech Developers Q3 Results: Profit rises 25% to Rs 505 cr; co plans to raise up to Rs 5,000 cr
Total income rose to Rs 2,958.7 crore in the October-December period of 2023-24 financial year from Rs 1,902.4 crore in the corresponding period of the previous year, according to a regulatory filing. In the first nine months of FY24, Macrotech Developers MD & CEO said the pre-sales (sales bookings) stood at Rs 10,300 crore, showing a robust 14% year-on-year growth and remains on track to deliver full-year guidance of Rs 14,500 crore.