Business

23

Sep

By The Press Editor

Business

Hero Motors, SS Retail, Jindal Supreme shares to debut on bourses today, here’s what GMPs suggest

Shares of Hero Motors, SS Retail and Jindal Supreme are set to make their debut on the bourses today, i.e. on September 23, 2026. The initial public offering of Jindal Supreme (India) Ltd received a whopping 181.07 times subscription during the three-day subscription window. Similarly, the public issue of SS Retail Ltd garnered 103.30 times subscription. On the other hand, auto components maker Hero Motors Ltd was subscribed 6.66 times on the final day of bidding. Ahead of the listing, here's what the grey market premium suggests for these IPOs. Hero Motors IPO GMP Today According to Investorgain, the GMP…

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22

Sep

By The Press Editor

Business

Sugar stock surges over 6% despite weakness in the benchmark indices, know what’s behind the rally

Shares of Davanagere Sugar Company are in action even as benchmark indices dipped after starting the session in the green. Benchmark indices opened in the green, but at the time of writing, Sensex was down 393.38 points, or 0.53 per cent, to 74,465.61, and Nifty fell 48.80 points to 23,365.50. Amid this volatility, the stock held firmly in the green. The counter started the trading session in the red at Rs 2.12 against the previous close of Rs 2.15 on the BSE. However, it picked momentum and touched the intraday high of Rs 2.32, a gain of 0.17 or 7.9…

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22

Sep

By The Press Editor

Business

Jewellery stock jumps 7% as firm shares update on clearing dues, capital infusion via warrant conversion

Shares of PC Jeweller Ltd jumped over 7 per cent after it cleared and repaid its outstanding debt with one more bank under its settlement agreement dated September 30, 2024. With the latest repayment, the firm has fully settled its obligations with 12 out of 14 consortium banks ahead of their scheduled due dates, discharging over 98 per cent of its total bank debt liabilities. Meanwhile, the company announced that its board of directors has approved the allotment of 74,07,500 equity shares to the promoter upon the conversion of an equivalent number of fully convertible warrants.  "The company has now…

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22

Sep

By The Press Editor

Business

Sensex, Nifty pare early gains amid selling in IT stocks, broader markets also end lower

Benchmark indices Sensex and Nifty ended the session in the red on Tuesday despite a positive trend in global markets and easing crude oil prices, dragged by IT, financials and capital goods stocks. The 30-share BSE Sensex dropped 329.91 points or 0.44 per cent to settle at 74,529.08. During the day, the benchmark hit a high of 75,038.93 and a low of 74,423.71, gyrating 615.22 points. The 50-share NSE Nifty ended with a drop of 85.30 points or 0.36 per cent and closed the session at 23,329. Similarly, the broader market ended the session mixed. While the BSE MidCap Select…

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22

Sep

By The Press Editor

Business

NSE IPO Allotment today, check status on MUFG Intime, BSE and latest grey market premium

The Rs 22,569-crore initial public offering of the National Stock Exchange of India (NSE) received nearly 6 times subscription on the final day on Monday. The country's second-largest IPO generated nearly Rs 90,300 crore of demand against the Rs 22,568 crore issue size. Ahead of the IPO, the exchange raised Rs 6,746 crore from anchor investors, including state-owned Life Insurance Corporation of India (LIC), Goldman Sachs and Fidelity. NSE IPO Allotment on NSE Step 1: Visit the official website of the NSE  allotment status page or click here https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids Step 2: Select ‘Equity and SME IPO bids’ Step 3: Choose…

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22

Sep

By The Press Editor

Business

Festive air travel may cost more as govt rules out airfare cap, to advise airlines on reasonable fares

Air travel may cost more this festive season, as the government has said it will not cap airfares but will advise airlines to keep prices reasonable. However, Civil Aviation Minister K Rammohan Naidu also said aviation companies' operating costs have risen due to higher fuel costs. Talking to reporters on the sidelines of signing pacts for the next phase of Udaan, the minister said that in the past also, the government has handled the price situation in terms of festivals or important events. "We engage with the airlines continuously; we also have regular meetings with them. And we definitely point out to…

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22

Sep

By The Press Editor

Business

Bank strike from September 28: Banking services to remain affected, these banks issue advisory | Key points

New Delhi: Several banking services will remain affected for five consecutive days from September 28 to 30, as bank unions have called for a three-day nationwide bank strike following the weekend. The bank strike, from September 28 to 30, has been called by the United Forum of Bank Unions (UFBU), an umbrella body of seven unions representing nearly 90% of bank officers and employees. What are the demands of these banks? The bank unions demand immediate implementation of a five-day work week, a proposal pending since the 2024 wage settlement. They also demand changes to the performance-linked incentive, which they…

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22

Sep

By The Press Editor

Business

Raymond shares continue to rise post company’s transformation into focused aerospace, hit new 52-week high

Shares of Raymond Limited surged more than 10 per cent during Tuesday's trading session, touching a fresh lifetime high of Rs 1,195.30. The stock has been in the action ever since the company's transformation into a focused aerospace, defence, precision technology and automotive-components platform. The stock opened higher at Rs 1,092.10 on the BSE and gained further to hit the 10 per cent upper circuit of Rs 1,195.30. This is also the stock's fresh 52-week high. The stock's 52-week low is Rs 320.40, hit on March 30, 2026. However, the stock witnessed some profit booking at higher levels. Last seen, the…

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22

Sep

By The Press Editor

Business

Healthcare stock gains amid rise in benchmark indices on easing crude oil prices, check details

Shares of Park Medi World, one of the largest private hospital chains in North India, will be on investors' radar as the company has bagged three major recognitions at a healthcare awards show hosted recently in the national capital. The stock opened in the green amid a positive start in the benchmark indices Sensex and Nifty. They traded higher in early trade following a rally in global markets and easing crude oil prices. The 30-share BSE Sensex was up 42.51 points to 74,901.50 in opening trade, while the 50-share NSE Nifty advanced 39.75 points to 23,454.05. Later, the BSE benchmark…

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22

Sep

By The Press Editor

Business

FMCG stock hits 5% upper circuit as FY26 revenue crosses Rs 5,000 crore, check share price

Shares of fast-moving consumer goods (FMCG) company Elitecon International are in action after the company informed exchanges that its board approved the quarter and financial year ended March 31, 2026, along with the statements of assets and liabilities and cash flows. The stock opened in the red at Rs 8.14 against the previous close of Rs 8.38 on the BSE. It fell further to touch the low of Rs 8.10, representing a dip of Rs 0.28 or 3.34 per cent. However, the stock rebounded, touched the intraday high of Rs 8.79, and got locked in the 5 per cent upper…

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