Stocks Radar: Vardhman Textiles, Dilip Buildcon, HDFC And More
Indian equities got off to a weak start, reflecting weak Asian cues after a rebound in oil prices. Banking stocks led the declines on a report that the bad loan mess may be far from over.
Vardhman Textiles: Gains on Buyback News
Shares of the integrated textile producer gained as much as 5.6 percent to Rs 1,102 after its board approved a buyback of 61.27 lakh equity shares for Rs 1,175 each. The stock is close to its 52-week high of Rs 1,120.
Also Read: Vardhman Textiles To Buyback Shares at 13% Premium
Dilip Buildcon: Order Win Boost
Shares of the Madhya Pradesh-based EPC company rose almost 4 percent to Rs 248, after the company bagged two road construction orders worth Rs 613.08 crore and Rs 350 crore from the NHAI and the Ministry of Road Transport and Highways, respectively.
The company declined four out of the five trading sessions last week.
HDFC: Postal Ballot Result Tomorrow
Shares of the banking and financial services company fell as much as 1.5 percent to Rs 1,403. Investors are awaiting the outcome of the postal ballot, due tomorrow, seeking shareholder nod for payment of Rs 850 crore non-compete fee to Max's Analjit Singh.
Suprajit Engineering: Gains on Merger Announcement
Shares of the control cables designing and manufacturing company gained as much as 2.5 percent to Rs 218.80, after creditors approved merger of the the company with Phoenix Lamps in a court convened meeting.
Shares of Phoenix Lamps declined 1 percent this morning.
Indiabulls Real Estate: Gains Ahead of AGM Today
Shares of the real estate company gained of as much as 1.5 percent to Rs 89 ahead of the company's annual general meeting. The company is expected to issue NCDs and other hybrid instruments worth Rs 7,500 crore.
The stock has risen almost 48 percent on a year-on-year basis.
GNA Axles: Gains on Index Debut
The Punjab-based axle manufacturing company made its debut on the bourses today. Shares began trading at Rs 248 apiece, a premium of 22 percent to its listing price of Rs 207.
The company's initial public offering was subscribed 54.88 times.
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Signature Play: The Classic Cocktail Is Dead. Or Is It?
Classic cocktails are disappearing from India's cocktail menus. But they're still being ordered, taught to bartenders and borrowed from. So, who's really having the last drink?
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A New Samvat Wishlist: Inclusive Prosperity And Human Development
India has strengthened its economic foundations through infrastructure, digital access and enterprise. Its next growth chapter must deepen productivity, create better livelihoods and widen participation in prosperity.
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Love, Sex Aur Dhokha: The Audacious Plot To Spy On Jensen Huang
A Taipei dinner, a Singapore chip buyer and a suspected Chinese asset: inside the alleged spy operation that got close to NVIDIA's Jensen Huang.
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Ten Things I Learnt This Samvat
Patience can be a trap. Cheap stocks can stay cheap. Leverage can wipe you out. What did Samvat 2082 teach us? Niraj Shah writes on 10 lessons from the year gone by.
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Talking Points This Week: Tech Nerves, FII Buying, And A Faraway Banking Shock
The global markets are not shining this Diwali. The exception in the large markets is, India.
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Midterm Rally Lasted A Day. The Hard Reality Of A Divided US May Last Two Years | Opinion
Between a contested AI boom, a debt ceiling that arrives in 2027 and a president with every incentive to act alone, the next two years may prove more volatile than the first day's rally suggests.
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Blue Wave Will Derail the AI Trade but Won't Dismantle the AI Era | Unhedged Position
The Democrats' sweep of the US Congress will see politics collide with economic forces both over the long and short term.
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It's Time To Take The GST Council's Bet On Trust Global
Payment records can prove India's services exports, and clear, proportionate rules can bring foreign digital sellers into the tax net.
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Opinion | India at 38: From Innovation Overperformer to Innovation Powerhouse
India now has 453 VC-backed deep science startups, 18 of them late-stage, after 117 percent growth since 2020. Laurus Labs, at USD 9.3 billion, is the most valuable deep science company in any middle-income economy outside China.
