Bhubaneswar-based Galaxy Medicare, a medical device manufacturer, is set to debut on the NSE SME platform on September 17, following its Rs 22 crore IPO. Subscribed 1.83 times overall, the IPO saw strong retail participation. Galaxy Medicare, known for its wide range of medical products, reported revenues of Rs 40.27 crore in FY25.Read More
Gujarat-based Jay Ambe Supermarkets is debuting in the market today after a successful IPO, oversubscribed 64.13 times. Retail interest was particularly strong. Despite a modest GMP, a listing around Rs 85–86 is anticipated. Founded in 2020, the company operates 17 stores under the “City Square Mart” brand. IPO funds will fuel expansion, including purchasing a...Read More
Seven Nifty500 stocks, including Redington, Aegis Logistics and Kotak Mahindra Bank, crossed above their 200-DMA on September 16, signalling a potential uptrend as per technical scan data from stockedge.com.Read More
Mahindra Lifespace Developers Ltd has secured two society redevelopment projects in Chembur, Mumbai, with a combined gross development potential of Rs 1,700 crore. These projects, spanning 2.6 acres and 1.8 acres respectively, mark a significant addition to the company’s portfolio.Read More
Wall Street witnessed a decline in its main stock indexes on Tuesday. This happened amid anticipation of a possible interest rate cut by the Federal Reserve. Investors are expecting a 25 basis-point cut. Retail sales data showed an increase in August. Webtoon Entertainment saw a surge after a deal with Disney.Read More
Hexaware Technologies’ stock has recently seen gains, driven by a weaker rupee and anticipated US interest rate cuts potentially boosting IT spending. Despite a modest revenue growth in the June quarter due to client spending reductions, the company is improving profitability through increased offshore revenue and employee utilization.Read More
Indian equity markets saw gains on Tuesday. Investors are optimistic before the US Federal Reserve decision. Analysts foresee a gradual market rise. Trade developments and the Fed rate cut are key. Immediate support is at 25,050. India VIX fell. FIIs were net buyers. The Rupee strengthened against the US dollar. FIIs reduced their net short...Read More
ESAF Small Finance Bank is set to raise ₹300-500 crore in tier-1 capital, anticipating a business turnaround from the third quarter. The bank aims to bolster its capital adequacy ratio and fund expansion plans. A board meeting is scheduled for September 20 to finalize the fundraising details, including the instrument and modalities.Read More
Nulla vitae elit libero, a pharetra augue. Nulla vitae elit libero, a pharetra augue. Nulla vitae elit libero, a pharetra augue. Donec sed odio dui. Etiam porta sem malesuada.
