Author: Legal Parivar

Titagarh Rail Systems Ltd’s share price surged nearly 8% on Friday, reaching its 52-week high of ₹1,308.95 on the BSE. The company disclosed its Q4 results after Thursday’s market hours.

Today, shares of Lancor Holdings ORD, Brightcom Group, Reliable Data Services, Popular Vehicles and Services ORD, and Secur Credentials hit their fresh 52-week lows. Meanwhile, as of May 17, 2024, at 10:32:53 IST, the Nifty 50 was marginally down by -6.3 (-0.03%) points, and the Sensex was up by 182.15 (0.25%) points. The Bank Nifty also experienced a decline of -9.4 (-0.02%) points at 10:17:53 IST. Conversely, Mahindra & Mahindra, Bharat Electronics, Interglobe Aviation, Jindal Steel & Power, and Havells India achieved fresh 52-week highs today. In the BSE Sensex index, State Bank Of India, Bandhan Bank, Au Small Finance…

During taxiing to the runway at Pune Airport on May 16, an Air India flight collided with a tug tractor. The incident occurred while the flight, bound for Delhi, was carrying approximately 180 passengers. According to an airport official quoted by ANI, the aircraft sustained damage to its nose and a tire near the landing gear due to the collision. However, despite the impact, all passengers and crew onboard are reported to be safe.

Vedanta’s shares saw an uptick on May 17, a day after the mining conglomerate’s board sanctioned a plan to raise up to Rs 8,500 crore. The specifics of the issuance are yet to be determined, as stated in a regulatory disclosure.

Go Digit General Insurance’s IPO continued to see strong demand as it approached the final day of bidding on May 17, with the issue being subscribed 91 percent. The IPO garnered bids for 4.79 crore shares against the 5.28 crore shares on offer.

Endurance Technologies witnessed a substantial 54% year-on-year increase in consolidated net profit, reaching Rs 210 crore for the fourth quarter of fiscal 2024. This growth was underpinned by robust operating figures and a healthy topline.

China has eliminated the floor on mortgage rates and reduced the minimum down payment ratios in a bid to prop up its ailing property market. The People’s Bank of China declared that the minimum down payment ratio has been adjusted to 15 percent for first-time buyers and 25 percent for second homes.

Vikram Solar announced on Friday that it has won a solar module supply contract for NTPC’s Khavda project in Gujarat, totaling 397.7 MWp.

Crompton Greaves Consumer Electricals witnessed a remarkable 15 percent surge in its shares during early trading on May 17, following a substantial 56 percent sequential increase in consolidated net profit for the FMEG player.

Aztec Fluids & Machinery IPO shares commenced trading on the BSE SME Exchange with a robust premium of 34.33%, opening at ₹90 per share on Friday. Investor anticipation for substantial listing gains from the IPO was evident, as reflected in the high subscription status and grey market premium.