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HDFC Securities initiated coverage on the healthcare stocks, with a ‘Buy’ rating on Apollo Hospitals Enterprise, given its steady growth and margin improvement and Medplus Health Services, given strong growth and margin improvement visibility. Continue Reading »
Gold rate in the international market clocked second consecutive weekly gain on renewed hopes for US interest rate cuts and China’s stimulus measures. Silver price also broke the $30 barrier to hit an 11-year high. Continue Reading »
IRFC share price rallied more than 17% in one week and over 22% in one month. The PSU stock has jumped over 74% year-to-date (YTD), while it has given multibagger returns of more than 410% in one year. Continue Reading »
Domestic benchmark indices Sensex and Nifty 50 ended Saturday with gains, closing modestly higher in a special trading session amid positive global cues. Continue Reading »
Go Digit IPO allotment to be finalised on May 21. Refund process starts on May 22. Listing date scheduled for May 23. Check status on Link Intime India Private Ltd website. Continue Reading »
OYO set to refile IPO after refinancing to raise up to USD 450 million via dollar bonds. JP Morgan expected as lead banker at 9-10% interest rate. Parent company prepaid ₹1,620 crore debt, reducing outstanding loan balance to USD 450 million. Continue Reading »
Nestle India's motion called for the payment of general licence fees (royalty) to Societe des Produits Nestle S.A. to be increased to 5.25% of net sales, net of taxes, compared to the current level of 4.5%. Continue Reading »