PNGS Reva Diamond Jewellery’s Rs 380-crore IPO opens on February 24 with a price band of Rs 367–386. The company currently has 21,866,400 equity shares outstanding on a pre-issue basis. It plans to expand aggressively, using proceeds to open 15 new stores, scale marketing for its Reva brand, and bolster corporate needs.Read More
Indian equity benchmarks snapped recent losses, led by financial, energy and healthcare stocks. While Sensex and Nifty gained strongly, select stocks including Ola Electric, Inox Wind and Firstcry tumbled on weak earnings, whereas Engineers India and EaseMyTrip surged.Read More
Axis Securities has identified four stock picks with potential gains of up to 20% in 3-4 weeks. Shriram Finance is a fundamental buy, while Kirloskar Oil Engines, Blue Star, and Astral are technical picks showing strong momentum and chart patterns.Read More
The Nifty ended a two-session slide to close at 25,682.75, rising 211.65 points or 0.83%, while the 30-share BSE Sensex rebounded after three consecutive declines to finish at 83,277.15, up 650.39 points or 0.79%.Read More
The Delhi High Court has dismissed a petition challenging SEBI’s no-objection certificate for the National Stock Exchange’s IPO. This ruling removes a significant legal hurdle for the NSE’s long-delayed listing plans, which have faced multiple obstacles since 2016. The court found the petition aimed to “interdict” the IPO process.Read More
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