Davin Sons Retail’s SME IPO, which opened for subscription on Thursday, has been subscribed 5.8 times by the second day. By 11:15 am, retail investors had placed bids for 82.10 lakh shares, followed by non-institutional investors (NIIs) with 12.04 lakh shares. Qualified institutional buyers (QIBs) have not yet subscribed.
7 midcap stocks hit 52-week highs, gaining up to 20% in a month.
On Tuesday, Sensex closed flat at 81,510, with a 1-point gain. Seven BSE midcap stocks reached 52-week highs, reflecting strong performance over the past month: These highs showcase investor confidence and potential growth opportunities.
Ramesh Damani to meet MSTC management on Dec 9; shares rise 6%.
Shares of state-run MSTC rose by 6% to Rs 771.30 on Thursday after the company announced a one-on-one meeting with investor Ramesh Damani scheduled for Monday, December 9. MSTC, where the government holds a 64.75% stake, provides e-commerce services across various sectors. In its filing to the stock exchanges, MSTC confirmed the meeting with Damani […]
Jewellery stocks soar: 9 rise over 50%, 4 become multibaggers in 6 months.
Golden Gains in Jewellery Stocks Over the past six months, jewellery stocks have seen significant price surges. Nine jewellery stocks, each with a market cap of over Rs 1,000 crore, have risen by over 50%, with four becoming multibaggers, offering investors substantial returns. Titan Company, while experiencing a steady growth trend, has shown relatively flat […]
Cement shares jump 5% as ICICI Securities upgrades UltraTech and four others.
ICICI Securities has upgraded its outlook on the cement sector from neutral to positive, citing improved market fundamentals. This change is driven by reduced competitive pressures following recent mergers and acquisitions, favorable pricing trends, and robust capacity expansions. The announcement sparked a rally in cement stocks, with shares of major manufacturers surging over 5% on […]