Intel Corporation experienced a significant surge in its stock price on Tuesday, February 18, gaining more than 10% following reports that two major industry rivals, Taiwan Semiconductor Manufacturing Co. (TSMC) and Broadcom, are exploring potential deals that could lead to a major restructuring of the company. The speculation stems from reports over the weekend suggesting … Read more
On Wednesday, pharmaceutical stocks witnessed a sharp decline, with the Nifty Pharma Index falling over 2% amid growing concerns about potential trade barriers. The selloff was led by Aurobindo Pharma, which experienced a steep drop of up to 9.5%, reaching an intraday low of ₹1,053.45. This made it the worst-performing stock in the pharmaceutical sector … Read more
Piramal Pharma’s shares are expected to be in focus on Wednesday following the company’s announcement regarding a recent inspection by the U.S. Food and Drug Administration (FDA) at its manufacturing facility in Turbhe, Navi Mumbai. According to the company, the FDA conducted a Good Manufacturing Practice (GMP) inspection at the facility from February 11 to … Read more
Punjab National Bank (PNB) is likely to attract investor attention on Wednesday, February 19, following its recent disclosure regarding a significant financial fraud. The bank has reported a borrowal fraud amounting to ₹270.57 crore in one of its non-performing asset (NPA) accounts to the Reserve Bank of India (RBI). This development could keep PNB’s shares … Read more
On Monday, Morgan Stanley sold more than 7.58 lakh shares of Ajax Engineering, valued at approximately Rs 45 crore, during the company’s stock market debut. The shares were offloaded through a block deal, with each share priced at Rs 588.74. The transaction was executed by the Morgan Stanley IFSC Fund, marking a significant move in … Read more
Australian shares saw a slight deepening of losses after the Reserve Bank of Australia (RBA) delivered its highly anticipated interest rate cut on Tuesday, marking the first such reduction in over four years. The decline in the market was largely driven by a sell-off in the country’s major financial stocks, which weighed heavily on the … Read more
Maruti Suzuki India Limited (MSIL) delivered a financial performance in the third quarter of the financial year 2025 (3QFY25) that aligned with market expectations. Despite the presence of increased discounting, which typically exerts downward pressure on profit margins, the company managed to effectively control any significant margin deterioration. The overall margin dilution was limited to … Read more
Shares of Uno Minda saw an uptick of up to 2 percent, reaching Rs 909 during morning trade on February 18. This rise marked a break in the company’s three-day losing streak, following the announcement of a strategic joint venture. The auto components manufacturer revealed that it has entered into a partnership with Suzhou Inovance … Read more
Borosil Renewables’ stock dropped 5% to ₹472 following its Q3FY25 earnings report, which revealed a net loss of ₹30 crore and a notable decline in EBITDA. The company cited challenges from falling ex-factory prices and rising competition due to cheaper imports. Shares of Borosil Renewables, a leading solar glass manufacturer and a subsidiary of the … Read more
The company’s IPO attracted significant attention as it aimed to tap into the public market for funding. However, despite the interest surrounding the offering, the grey market price (GMP) for the issue has been indicating that the stock may list with only a marginal premium, suggesting a more subdued market response upon its listing. The … Read more