Shares of Century Textiles and Industries, the real estate venture of the Aditya Birla Group, surged 8.3% in early trading today to reach ₹2275 apiece after the company’s 100% wholly owned subsidiary, Birla Estates, secured a prime 5-acre land parcel in Sector 71, Gurugram, the company informed investors through an exchange filing on Monday. This …
India’s leading shipbuilders, Mazagon Dock Shipbuilders, Cochin Shipyard, and Garden Reach Shipbuilders, have reached unprecedented heights, with their market capitalisation collectively increasing by nearly Rs 1.5 lakh crore in 2024. This surge follows as media reports earlier reported, highlighting an initial increase of Rs 90,000 crore. Remarkably, in just 13 trading sessions since that report, …
Interglobe Aviation: Interglobe Enterprises, a promoter entity of Rahul Bhatia, is planning to sell a stake worth $394 million in Indigo Airlines’ parent company, Interglobe Aviation, via a block deal. The entity currently holds a 37.75% stake in Interglobe Aviation. The proposed sale, which marks the first time in many years that Bhatia is looking …
Bharat Electronics share price surged over 8% in early trading session on Tuesday, following analysts’ bullish outlook and raised target prices after the company’s strong Q4 results. The shares soared as much as 8.55%, reaching a record high of Rs 283 per share on the NSE. State-owned Bharat Electronics Ltd (BEL) reported a 30% increase …
Zomato: Antfin Singapore Holdings Pte, a subsidiary of the China-based Ant Group, is reportedly planning to sell up to 2% stake or 17.64 crore shares in the food delivery platform Zomato. The transaction, which is expected to be worth ₹2,800 crore, will be conducted through a block deal, reported CNBC-Awaaz on Tuesday. The block deal’s …
Shares of Ashok Leyland, the Indian flagship of the Hinduja Group, zoomed 4.2% to ₹186.85 apiece in today’s morning deals after the company posted a strong set of numbers for the December quarter (Q3 FY24). This surge has brought the stock to trade near its all-time high level of ₹191.50 apiece, touched on August 2023. …