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
Manappuram Finance saw a sharp rise in its share price, gaining over 8% after exiting the Futures & Options (F&O) ban list. The stock opened at ₹182.05 and climbed to an intraday high of ₹193.60. This movement indicates increased market activity and heightened investor interest following the stock’s removal from the restriction list. Manappuram Finance … Read more
State-owned Rail Vikas Nigam Ltd (RVNL) released its financial results for the third quarter of FY25 on Friday, February 14, 2025, reporting a year-on-year (YoY) decline in net profit, revenue, and EBITDA. The company’s subdued financial performance during the quarter reflects challenges in its operational efficiency and revenue generation. Drop in Net Profit and Revenue … Read more