Aequs, an aerospace components maker, is set to raise significant funds through an IPO. The company plans to use the capital for debt repayment, expansion, and acquisitions. Aequs operates globally with a strong focus on its aerospace division. Investors will be watching its financial performance post-listing. The company aims to strengthen its position in the…
Shares of One 97 Communications, the parent company of Paytm, rallied up to 3.3% to a day’s high of Rs 1,336 in morning deals on November 28 after global brokerage Goldman Sachs upgraded the stock to Buy from Neutral, signalling renewed confidence in the fintech major. Goldman Sachs believes the ramp-up of Paytm’s recently introduced…
Jubilant FoodWorks shares surged nearly 9% on Friday and hit their day’s high of Rs 622.95 on the NSE after the Domino’s pizza owner served piping hot September quarter earnings to investors, recording a 190% year-on-year jump. The profit after tax (PAT) in Q2 stood at Rs 186 crore versus Rs 64 crore reported in…
Oswal Pumps Ltd has reported a 48 per cent increase in consolidated net profit to Rs 97.50 crore in the latest September quarter. Its net profit stood at Rs 65.76 crore in the year-ago period. Total income rose to Rs 546.48 crore in the second quarter of this fiscal year, from Rs 310.84 crore in…
Shares of Paras Defence and Space Technologies rallied as much as 10% to their day’s high of Rs 719 on the NSE on Friday, 14 November, after the company announced a robust set of figures for the quarter ended 30 September. During the quarter under review, the space and defence company reported a net profit…
Ram Ratna Wires, a small-cap stock that has delivered a staggering 136% return over the past two years, has announced the issuance of bonus shares in a 1:1 ratio, fixing 26 December as the record date for determining shareholder eligibility. According to the company’s regulatory filing, the Board of Directors approved the issuance of one…