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Finance News
Stay informed on the latest financial news and trends.
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Granite producer Midwest files papers for Rs 650-cr IPO
by Stocks-Markets-Economic Times on October 1, 2024 at 9:18 am
Midwest is seeking to raise Rs 650 crore through an IPO, with a mix of fresh shares and an offer-for-sale by promoters. Rs 250 crore will come from fresh shares, and Rs 400 crore from promoters. Proceeds will be used for capital expenditure, buying electric trucks, integrating solar energy, debt repayment, and general corporate purposes.
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ICICI Securities initiates coverage on Adani Energy, sees 30% upside potential
by Stocks-Markets-Economic Times on October 1, 2024 at 9:14 am
ICICI Securities has begun coverage on Adani Energy Solutions (AESL), India's largest private transmission company, assigning it a buy rating with a target price of ₹1,318, indicating a potential 30% upside.
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This microcap stock surges 20% on announcing 1:3 rights issue
by Stocks-Markets-Economic Times on October 1, 2024 at 8:57 am
Vipul Organics shares surged 20% after announcing a rights issue. The company plans to raise up to Rs 25 crore through the issue, which is priced at a 79.3% discount to the previous closing price. The funds will be used for capacity expansion at its Sayakha facility.
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European shares steady ahead of key regional inflation data
by Stocks-Markets-Economic Times on October 1, 2024 at 8:54 am
Investors are now looking ahead to the Eurozone's flash inflation figures for September, due at 0900 GMT, which could decide whether the European Central Bank (ECB) lowers interest rates at its next meeting in two weeks.
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SRF shares down 0.58% as Nifty falls
by Stocks-Markets-Economic Times on October 1, 2024 at 8:39 am
The stock quoted a 52-week high price of Rs 2697.45 and low of Rs 2081.25.