An Offer for Sale (OFS) is a process that enables current shareholders, such as promoters, government bodies, or institutional investors, to divest their ownership in a publicly traded company via…
Category: Market
Multibagger HFCL shares surge 9% to record high on ₹135 crore RailTel order; stock up 160% in under 2 months
Extending its record winning run, (Himachal Futuristic Communications Limited) shares gained another 9% in Wednesday’s trade, 27 May, to reach a fresh all-time high of ₹176.50 apiece following another order…
Bajaj Auto share price jumps ahead of dividend record date. Should you buy the stock?
Bajaj Auto share price jumped over 2% to hit a fresh 52-week high on Wednesday amid strong buying interest. The auto stock gained as much as 2.26% to ₹10,831.45 apiece…
HDFC Bank shares drop 2% on report of probe into Rs 45-crore interest payments
Shares of HDFC Bank fell sharply on Wednesday after a report claimed that the bank had carried out an internal vigilance investigation into Rs 45 crore worth of interest payments…
State-run banks’ intermittent dollar sales cushion rupee, forward premiums fall
The Indian rupee dipped on Wednesday and appeared prone to steeper losses on elevated oil prices, with dollar sales from state-run banks capping some decline, a familiar pattern over recent…
LIC OFS: Govt likely preparing $1 billion stake sale next month, says report
India is likely to begin formal marketing next month for a planned share sale in that could raise as much as 100 billion rupees ($1 billion), according to people familiar…
India losing edge to Singapore, UAE? Will cutting LTCG and STCG taxes bring foreign investors back to Dalal Street
Foreign institutional investor (FII) flows into Indian equities have remained volatile over the last year as global investors continue comparing India’s valuations, policy environment and after-tax returns with competing emerging…
Defence stock Zen Tech jumps over 7%, defying cautious market sentiment after this business update; details here
Defence stock Zen Technologies jumped more than 7% in intraday trade on Wednesday, 27 May, defying cautious market sentiment, after the company announced the launch of its integrated smart border…
US-Iran war impact: Will rising inflation on oil shock drive earnings downgrade for India Inc in FY27?
The oil price spike, petrol and diesel hike and the recent WPI print have brought the spotlight back on inflation. And when inflation rises, it not only erodes the purchasing…
Stock market holiday: Are BSE and NSE closed for trading tomorrow on account of Bakri Id?
The Indian stock market has been witnessing a choppy session on Wednesday amid mixed global cues, with both the benchmark indices trading flat. Investors remain cautious amid uncertainty over the…