stock market
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Noticias de stock market
3 noticias · De más nuevas a más antiguas.
The Hindu BusinessLineM K Sons Fine Jewels IPO booked 3.50 times so far on final day
The Initial Public Offering (IPO) of M K Sons Fine Jewels was subscribed 3.50 times on the final day of bidding. Non-institutional investors led the demand, with subscriptions reaching 9.41 times, followed by retail investors at 2.36 times. The IPO price band was set between ₹153 and ₹162 per share, and the company raised ₹82.62 crore from anchor investors. The proceeds are planned for setting up a new showroom in Maharashtra, expanding a Gujarat showroom, and meeting general corporate purposes.
Noticia originalWhy Coal India shares fell 2% despite strong Q2 revenue growth
Coal India shares experienced a 2% decline despite reporting strong Q2 revenue growth. The stock fell after investors digested a miss on operating profit, with the EBITDA per tonne missing estimates due to aggressive inventory liquidation. However, the company reported a 21% year-on-year revenue increase and a 28% rise in adjusted EBITDA, though the quarter-on-quarter performance was sharp. Brokerage reactions were mixed, with some analysts maintaining 'BUY' ratings, while others expressed caution regarding the recovery timeline.
Noticia originalLaurus Labs hits 52-week high as strong Q2 results fuel buying
Laurus Labs achieved a new 52-week high following strong earnings in the July-September quarter. The company's performance was driven by significant growth in the CDMO small molecules segment, with net profit nearly tripling year-on-year. This success was supported by a favorable segmental mix and currency benefits, leading to positive analyst ratings and increased investor interest, evidenced by a surge in the stock price.
Noticia original