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Sonata Software's shares dropped 10% to ₹650 after reporting a 12% YoY reduction in net profit to ₹106 crore in the June quarter. The company acquired 14 new customers during the quarter.
The Nifty 50 gained 4% in July, closing at 24,951 points. On July 29, the index came within 0.25 points of reaching 25,000. The Nifty 50 has reached new highs 49 times in fiscal year 24.
Polycab India Ltd and R R Kabel Ltd's share prices, while up 13-14% year to date, have failed to excite investors with their Q1 performance. The shares are only up 1-2% in the last month due to the impact of volatility in copper prices, which was seen in Q1.
31/07/2024
SEBI has suggested that brokerages collect option premiums upfront from their clients and that weekly options contracts be offered on a single benchmark index of an exchange.
Today will see the completion of Trom Industries' IPO allotment. Of the ₹31.37 crore shares offered for the IPO, bids for 83.28 crore, priced between ₹100 and ₹115 per share, were received.
Aprameya Engineering LTD's initial public offering (IPO) attracted a lot of attention and a strong subscription. Investors are waiting impatiently for the IPO allotment, which is anticipated to be finalized today, now that the bidding round has ended.
Market watchers report that shares of Akums Drugs IPO GMP are currently trading on the gray market for ₹181, a premium
30/07/2024
Due diligence was not performed, as stated by the Securities and Exchange Board of India (SEBI), which is returning draft documents of initial public offerings (IPOs) to merchant bankers
Investors are wondering if the mid-cap bounce will last or if it is time to turn their attention to large-cap stocks as the stock market remains volatile. Financial industry experts offer their opinions on the state of the market and useful information for investors.
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