Following Tata Motors’ recent demerger, investors are now awaiting the separate listing of its commercial vehicle arm, Tata Motors Commercial Vehicles Ltd (TMLCV), valued at around ₹260.75 per share. The record date for the split was October 14, with eligible shareholders set to receive one TMLCV share for every Tata Motors share held.Read More
Persistent Systems shares surged on Wednesday after the company announced robust Q2 FY26 financial results. Net profit saw a significant 45.1% year-on-year jump. Revenue also grew strongly. Brokerages like Nuvama and Choice International Equities reiterated their positive ratings, citing strong deal momentum and growth potential, especially in AI. The company’s performance exceeded expectations.Read More
Saatvik Green Energy shares: Saatvik Solar Industries, a subsidiary of the company, secured new solar PV module supply orders worth ₹638.85 crore from three independent power producers and EPC firms, to be completed by June 2026. This marks its second major win in a week, following two earlier orders totaling ₹707 crore announced on October...Read More
When a stock closes below its VWAP, it indicates that the closing price is lower than the average price at which it traded throughout the day, weighted by trading volume.Read More
WhiteOak Capital AMC’s CEO Aashish Somaiyaa says markets may stay flat in the near term, but the outlook beyond mid-2025 appears to be brighter. He expects earnings growth to pick up, urges investors to stay consistent with SIPs. Further, he highlights banking, manufacturing as well as tech as potential long-term playsRead More
Midwest, a natural stone exporter, is launching its Rs 451-crore IPO on October 15. The offering includes fresh shares and existing shareholder sales. The price band is set between Rs 1,014 and Rs 1,065. Midwest mines granite in Telangana and Andhra Pradesh and exports to 17 countries. The company plans to use IPO funds for...Read More
Canara HSBC Life Insurance IPO allotment is scheduled for October 15. Refunds and share credits will follow on October 16. The stock will list on the BSE and NSE on October 17. The IPO saw a subscription of 2.30 times. Institutional investors led the demand. The grey market premium is currently flat. This indicates limited...Read More
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