Mangal Electricals IPO: Mangal Electrical Industries made a muted debut on the stock exchanges on August 28, listing at nearly 1 per cent below its issue price, despite strong demand during its initial public offering. The Rs 400-crore IPO was subscribed 9.46 times during the offer period from August 19 to 21. The stock opened at…
Domestic equity benchmarks suffered sharp losses on Tuesday amid a broad-based sell-off, led by financial stocks, as investors fretted about an official US notification confirming the Trump 2.0 administration’s move to take the total duty on Indian goods to 50 per cent. Both headline indices tumbled 1.0 per cent for the day. The Sensex gave…
NBCC Order Win, Navratna PSU Stock to Track: Navratna central public sector enterprise NBCC India Ltd — a PSU real estate developer — said on Monday it has secured a major order from the Rajasthan government. NBCC will develop the Rajasthan Mandapam Convention Centre in the state at the cost of Rs 3,700 crore, according to…
Cipla share price news, Cipla-Eli Lilly News: Cipla is in talks with US-based Eli Lilly to manufacturer Semaglutide and Ozempic — anti-diabetic medications — in India, sources told Zee Business. The Cipla stock held on firmly to the green after the news. Initially, Eli Lilly will share technology with Cipla, which will later produce these…
Domestic equity benchmarks suffered sharp losses on Friday amid selling pressure in financial, IT and energy shares, halting a winning run that lasted six back-to-back trading sessions. Both headline indices finished 0.9 per cent lower. The Sensex lost 693.9 points to end at 81,306.9 while the Nifty50 gave up 213.7 points to settle at 24,870.1. With market participants awaiting…
Railway stocks in focus: Shares of railway-linked companies were in the spotlight on Friday, August 22, after fresh order wins by multiple players in the sector. Texmaco Rail & Engineering, Titagarh Rail Systems, and Transrail Lighting saw increased investor interest, even as broader markets traded subdued. Texmaco Rail & Engineering gained nearly 2 per cent to…