🚀 Exciting news! Concord Biotech, with the backing of Rakesh Jhunjhunwala’s firm, is targeting an IPO launch in August with a potential valuation of up to $1 billion. 🌟 We’re thrilled to be a part of this journey and can’t wait to see what the future holds for this innovative biotech company.
Concord Biotech, a leading biotechnology firm based in Ahmedabad, is preparing to launch its initial public offering (IPO) in early August. The company is backed by Rare Enterprises, the firm of the late veteran investor Rakesh Jhunjhunwala, and healthcare-focused Asian private equity firm Quadria Capital. The updated draft red herring prospectus (UDRHP) was filed with […]
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🏢📈 Suraj Estate Developers is all set to take the market by storm with its Rs 400-crore IPO! 💰🚀 Stay tuned for more updates on this exciting development.
Suraj Estate Developers has filed fresh preliminary papers with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO) to raise Rs 400 crore. This comes after the company had previously filed its draft IPO papers in March 2022. In this new filing, the IPO consists entirely of a fresh issue […]
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Breaking news: ITC shares fell 4% after hotel demerger news. Jefferies and other leading financial firms have weighed in to explain why. Read our blog post for more information!
The decision to demerge the hotels division into a wholly-owned subsidiary is indeed a significant move for ITC. It can potentially unlock value for the company and its shareholders by creating a separate entity dedicated to the hotel business, which may attract specific investors and strategic partnerships. Such a move can also lead to a […]
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Canara Bank’s Q1 results are in and we’re thrilled to announce a 75% surge in profit to Rs 3,535 crore! Our Net Interest Margin (NIM) also stands strong at 3.05%.
The financial results reported by Canara Bank for the June quarter indicate a robust performance with significant growth in net profit and net interest income. Here are the key highlights: The positive financial results demonstrate Canara Bank’s improved performance during the June quarter, contributing to higher profitability and a positive outlook.
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TVS Motor’s Q1 FY24 results are in and we’re thrilled to announce a 46% increase in net profit to Rs 468 crore, with revenue up 20%!Our commitment to innovation and customer satisfaction continues to drive our success.
The 46% year-on-year rise in net profit for the June 2023 quarter (Q1 FY24) reflects strong financial performance and profitability. Here are the key highlights: This growth in net profit indicates that the company has been able to improve its operational efficiency, increase sales and revenue, or implement cost-cutting measures effectively. TVS Motor said posted […]
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Breaking news! IDBI Bank’s Q1 net profit has surged by 62%, leading to a significant boost in its stock value.Our commitment to delivering exceptional financial services continues to yield positive results.
The 2% rise in shares indicates a positive market response to the 62% increase in consolidated profit for the quarter ended June 2023. The reported net profit of Rs 1224 crore in Q1 is a substantial improvement compared to the Rs 756 crore profit in the same period of the previous fiscal year. This growth […]
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Ready to ride the rally train? RVNL shares have hit a 52-week high, up nearly 370% in the last year – and there’s more steam left! Follow our updates for all the latest market news.
Shares of Rail Vikas Nigam Ltd (RVNL) experienced a significant surge in Monday’s trading session, reaching a one-year high level. The stock jumped 7.32 per cent, hitting a 52-week high of Rs 146.65 compared to the previous close of Rs 136.65. RVNL has been a standout performer, classified as a “multibagger” counter due to its […]
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Vedanta shares take a hit as debt concerns and Q1 miss weigh in. Stay informed with expert analysis and stock price targets from Citi and other financial institutions.
Vedanta, a prominent natural resources company, experienced a decline in its shares, falling nearly 3 per cent in Monday’s trade. The negative sentiment towards the stock is attributed to a combination of factors: These factors, when combined, can contribute to the negative sentiment surrounding Vedanta’s stock and lead to downward pressure on its share price. […]
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Despite being one of India’s most valuable companies, Reliance Industries saw a dip in its shares by over 2% in early trade. But why? We’ve got the explanation. Stay informed and stay ahead.
Reliance Industries Limited (RIL) experienced a sharp decline in early trade, falling over 2 per cent. The company’s shares were trading at Rs 2,486.90 per share. This decline in RIL’s shares has cast a shadow on the broader market sentiment, as the stock is considered a heavyweight in the Indian market and has a significant […]
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