Saatvik Green Energy is launching a Rs 900-crore IPO with a price band of Rs 442-465 per share, valuing the company at around Rs 5,910 crore. The IPO opens on September 19 and closes on September 23, with anchor investor bidding on September 18. The proceeds will fund a new solar PV module facility in Odisha and debt repayment.Read More
Despite their inherent risks, certain penny stocks have garnered significant interest from foreign institutional investors (FIIs), with ownership stakes exceeding 15%. While many of these companies have faced challenges, including negative one-year returns, the substantial foreign backing suggests potential for future growth. Companies like Leading Leasing Finance, Standard Industries, and others remain on the FII radar.Read More
Brokerage firms have initiated coverage on nine stocks, offering research-backed recommendations to investors. Jefferies is optimistic about Radico Khaitan, United Spirits, and Allied Blenders, while Motilal Oswal is neutral on Bajaj Housing Finance but positive on Ellenbarrie Industrial Gases. Morgan Stanley favors Aditya Birla Lifestyle Brands and CG Power, Axis Securities recommends Mahanagar Gas, and JM Financial suggests Angel One.Read More
Gujarat Gas shares saw a rise as the company, along with GSPL and GSPC, seeks shareholder approval for its amalgamation scheme. The restructuring aims to simplify the holding structure and unlock value for shareholders. Technical analysis suggests short-term bullish undertones, while longer-term trends remain bearish, with investors closely monitoring the merger’s progress.Read More
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