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Tag: Market News

PNB Housing Finance shares surge after IIFL Securities gives ‘Buy’ rating, forecasting a 35% price increase

PNB Housing Finance shares: The share price of PNB Housing Finance continued to rise on Wednesday, rising as much as 3% following the start of bullish coverage on the stock by IIFL Securities. On the BSE, PNB Housing Finance shares increased 3% to ₹804.80 a share. PNB Housing Finance shares have been given a “Buy”…

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IREDA’s share price jumps 4% following ₹1,500 cr raised through bond issuance

IREDA share price: On June 24, after the Indian Renewable Energy Development Agency (IREDA) announced that it will be issuing bonds to raise ₹1,500 crore, the company’s shares increased by more than 4%. The state-run company issued ₹1,000 crore in green shoe bonds in addition to a ₹500 crore base offering. As to IREDA’s exchange…

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IREDA shares: Following the election results, price activity moves sideways, Can you purchase on dips?

Today’s closing price of IREDA shares on the BSE was Rs 173.30, a 1.15% decrease. The company’s market value was Rs 47,250 crore. Following the results of the Lok Sabha Election, shares of the Indian Renewable Energy Development Agency (IREDA) have been trading in a range. The day of the election results announcement, June 4,…

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Vodafone Idea rose 107% this year; what lies ahead for the telecom company?

Following a day-long hiatus, Vodafone Idea Ltd. (VIL) shares began to rise again on Friday. As of the last update, the stock was up 1.93 percent at Rs 16.38. It has increased by 106.82 percent in the last year at this pricing, resulting in multi-bagger gains. In order to provide Ericsson India and Nokia Solutions…

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Gensol Engineering’s shares surge by 5% limit up following the acquisition of a ₹1340 crore battery storage project

Gensol Engineering shares: In today’s early morning trade, shares of Gensol Engineering, the group’s flagship company, were locked in a 5% upper circuit limit, touching ₹1068 apiece after the company was declared the successful bidder for Gujarat Urja Vikas Nigam Limited (GUVNL)’s 250 MW/500 MWh standalone Battery Energy Storage Systems (BESS) project, which is valued…

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Suzlon Energy shares rise 4% following the 103.95 MW order; CEO JP Chalasani’s words

Tuesday’s trading saw a 4% increase in Suzlon Energy Ltd. shares after the renewable energy transition firm said that it had secured an order of 103.95 MW from AMPIN Energy Transition for the supply of 33 wind turbines, each with a rated capacity of 3.15 MW. Suzlon Energy notified stock exchanges that the project, which…

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 ixigo IPO will begin on June 10; before subscribing, be aware of these important aspects

 ixigo IPO: On June 10, ixigo (Le Travenues Technologies), an online travel agency, opened its initial public offering (IPO) to investors with a target price of Rs 740,10 crore. Through a combination of an offer for sale and a new issuance, the corporation is making 79.6 million shares available. The company plans to issue 12.9…

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Sebi suggests allowing MFs to trade CDS

To stimulate the corporate bond market, the Securities and Exchange Board of India (Sebi) has suggested enabling mutual funds (MFs) to engage in the purchase and sale of credit default swaps (CDS) inside their platforms. “It will function as a supplementary investment instrument for mutual funds and facilitate greater liquidity in the corporate bond market,”…

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Nara Bhuvaneshwari, the wife of Chandrababu Naidu, makes ₹579 crore from this  FMCG stock in just five days

Nara Bhuvaneshwari: Notable events on Dalal Street include the Heritage Foods shares’ current uptrend, which has been rising for the last five days. The disheartening results of Tuesday’s Lok Sabha Election caused the stock market to tumble, but the FMCG stock held up well. Heritage Foods Ltd.’s shareholding pattern for the January–March 2024 quarter, in…

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