The FinTech Hub
Source: Live Mint Once a penny stock, Lorenzini Apparels has emerged as a remarkable success story on Dalal Street. The stock has transformed from a penny stock to a multibagger, delivering impressive returns to investors. Its performance highlights the potential for penny stocks to generate significant value, although it also underscores the associated risks involved…
Source: Live Mint Shares of KNR Constructions, a leading provider of engineering, procurement, and construction (EPC) services, surged 14.31% in intraday trading on Wednesday, November 13 to a three-week high of ₹324.65 per share. The stock rally followed the company’s strong performance in the quarter ending September. KNR reported an 87% year-on-year (YoY) increase in…
Source: Live Mint F&O ban list: The National Stock Exchange (NSE) banned trading in five stocks on Wednesday, November 13, in the futures and options (F&O) segment as they exceeded 95% of the market-wide position limit (MWPL). However, these stocks will be available for trading in the cash market. The NSE updates the list of…
Source: Live Mint Upcoming IPO: Advent International-backed Manjushree Technopack Limited has received the final observation from the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO). The company submitted its draft red herring prospectus (DRHP) to the market regulator on August 20. Manjushree Technopack Ltd specialises in rigid plastic packaging (RPP)…
Source: Live Mint Zinka Logistics Solution Limited, the operator of the BlackBuck app, a payments platform which caters to truck operators, raised ₹501.33 crore from investors in its anchor round ahead of the public issue, according to the company’s BSE filing on Tuesday, November 12. As per the exchange filing, the company has allocated 1,83,63,915…
Source: Live Mint Stock Market today: UPL Ltd share price gained more than 7% in the morning trades on Tuesday. UPL had reported its Q2 results on Monday and Volume Driven Growth continued though was offset by price decline UPL share price opened at ₹520.05 on Tuesday on the BSE, slightly higher than the previous…
Source: Live Mint The Indian stock market benchmark indices, Sensex and Nifty 50, are likely to open flat amid mixed global market cues. The trends on Gift Nifty also indicate a flat start for the Indian benchmark index. The Gift Nifty was trading around 24,235 level, a premium of nearly 10 points from the Nifty…
Source: Live Mint F&O ban list: The National Stock Exchange (NSE) banned trading in five stocks on Tuesday, November 12, in the futures and options (F&O) segment as they exceeded 95% of the market-wide position limit (MWPL). However, these stocks will be available for trading in the cash market. The NSE updates the list of…
Source: Live Mint Niva Bupa Health Insurance Limited’s initial public offering (IPO), through a book-building process, offers a fresh issue and an offer-for-sale (OFS) component, which closed for subscription on Monday, November 11. The public offer was oversubscribed 1.8 times on the final day as investors bid for 31.13 crore shares, compared to 17.28 crore…
Source: Live Mint The Q2 results season so far has sparked concerns in the Indian stock market as numerous companies reported weaker-than-expected earnings and cautious outlooks. Analysis from JM Financial on 157 companies, out of its coverage universe of 275, indicates mixed results across sectors. Nearly half of the companies missed earnings expectations, suggesting a…
