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Mumbai: Shares of Pavna Industries Limited, an auto components manufacturer supplying to leading companies such as Bajaj, Kawasaki, Honda, TVS, Mahindra, Escorts and Royal Enfield, rose around 15 per cent on Tuesday. On the BSE, the stock was trading at Rs 24, up 7.87 per cent or Rs 1.75, at 3:02 pm. On the NSE, the stock was quoted at Rs 24.15, up 7.67 per cent or Rs 1.72. The stock opened at Rs 22.81 on the BSE and touched an intraday high of Rs 25.55. During the day, it touched an intraday high of Rs 25.55, representing a gain…

Mumbai: Global logistics player Tiger Logistics is in focus after announcing its third-quarter results. In an exchange filing on Friday, the company cited several external factors for the decline in revenue during Q3. Amid this, the stock opened flat at Rs 35.10 on the BSE. Later, it touched the intraday high and low of Rs 35.10 and 34.05, respectively. Last seen, the stock was trading with a decline of 2.56 per cent at Rs 34.20 and the market cap of the company stood at Rs 361.58 crore. According to BSE Analytics, the stock has yielded a positive return of 847.37…

Mumbai: Amid ongoing volatility in the stock market, shares of hospitality and lifestyle company Spice Lounge Food Works Ltd are trading higher by about 5 per cent today. At the time of writing, the stock was trading around Rs 40.30, up approximately 4.62 per cent on the BSE. This surge follows the company’s strong quarterly results, released after market hours last Friday. The company currently has a market capitalisation of Rs 2,809 crore. Earlier, the stock opened in the red at Rs 36.60 against the previous close of Rs 38.52. In between, it touched an intraday high and low of…

Mumbai: Indian equity markets slipped into a sharp corrective phase last week, with intense selling pressure led by a sustained meltdown in the IT sector. The Nifty 50 closed at 25,471.10, down 1.30 per cent,  and the Sensex settled at 82,626.76, down 1.25 per cent. Foreign Institutional Investors (FIIs) turned aggressive sellers in the last trading session and offloaded equities worth Rs 7,395 crore. Domestic Institutional Investors (DIIs), however, provided strong counter-support with net buying of Rs 5,554 crore, cushioning the downside and preventing a deeper structural breakdown for now. Amid this volatility, there is an opportunity for investors to…

Mumbai: The shares of Fractal Analytics and Aye Finance made a muted debut on the bourses on Monday, February 16. Earlier, the initial public offering (IPO) of Fractal Analytics received a moderate response from investors during the three-day subscription period. According to the NSE data, the Rs 2,834 crore IPO received bids for 4,94,79,888 shares against 1,85,79,360 shares on offer. On the other hand, Aye Finance received muted demand. The public issue received bids for 4,42,21,288 shares against 4,55,32,785 shares on offer, according to the NSE data. The Rs 1,010-crore IPO comprises a fresh issue of equity shares worth up…