Torrent Pharma shares drop 4% amid block deal; promoter likely seller
Promoter Torrent Investments, which holds a 71.25% shares in Torrent Pharma, was looking to offload around 3% stake in the company.
share market
October 2024
ITD Cementation shares fall 8% post Adani’s acquisition bid
Adani group affiliate Renew Exim DMCC has proposed to buy 72.64% stake in ITD Cementation for a total consideration of over ₹5,700 crore.
Waaree Energies shares list at 66% premium; Deepak Builders makes tepid start
Post listing, Waaree Energies shares gained as much as 74.6% to ₹2,624.40 on the NSE; the stock price of Deepak Builders declined 15.7% to hit a low of ₹171.
IndusInd Bank shares crash 19% on weak Q2; analysts cut target price
Brokerages have mostly maintained ‘BUY’ call on IndusInd Bank, but slashed target price to up to ₹1,290 per share.
Afcons Infra raises ₹1,621 cr from anchor investors; IPO opens today
The three-day IPO of Afcons Infra will close on October 29, while the tentative date for listing of shares on the BSE and NSE is November 4, 2024.
Diwali pick 2024: Where to invest in Samvat 2081? Brokerages share cues
Picking quality stock at a reasonable price will be critical to achieve good returns over the coming year, say analysts.
Mankind Pharma shares end 8-session losing streak on acquisition of BSV
The pharma company has acquired 100% stake in Bharat Serums and Vaccines Ltd (BSV), which will be funded through a combination of internal accruals and external debt.
Why brokerages are bullish on Zomato post Q2
Zomato continues to remain one of the preferred stocks among new age companies, say brokerages.
Bajaj Finance snaps 8-session losing streak post Q2; stock gains 4%
The most valued NBFC reported 13% YoY growth in consolidated PAT at ₹4,014 cr; the NII rose 23% in Q2 FY25.
Why are Manappuram Finance shares falling for 9 sessions?
The NBFC stock has been under pressure after the RBI initiated action against its subsidiary Asirvad Micro Finance.
