Pokarna, a company with a market cap of Rs 2,231 crore, has announced a strategic investment of Rs 440 crore aimed at fulfilling the increasing demand for premium quartz surfaces worldwide. This marks the launch of the company's third Bretonstone production line from Italy's Breton S.p.A., which will set new standards for capacity and environmentally friendly production. However, the stock saw a decline of 9.96% in early trade as equity benchmark indices dropped due to a combination of factors such as retail inflation, muted quarterly earnings, and weak global markets.
NTPC Green Energy, a subsidiary of NTPC Ltd., will launch its IPO on November 19 with a price band of Rs 102-108 per share. The company will also have a shareholders category, allowing current NTPC shareholders to participate. Analysts are optimistic about the IPO, citing the company's operational capacity, contracted projects, and future development plans. With NTPC targeting 60GW of RE capacity by FY32, investors are advised to buy NTPC shares to increase their chances of IPO allotment.
The initial public offer of Niva Bupa Health Insurance Company Ltd, formerly Max Bupa Health Insurance Company, has received strong demand, with the IPO being oversubscribed by 1.90 times on the final day of bidding. Market observers are predicting a flat or discount listing for the company's shares on November 14, based on its current grey market premium of zero. The IPO, which comprises a fresh issuance of equity shares worth Rs 800 crore and an offer-for-sale by promoters worth Rs 1,400 crore, will be finalised on November 12 and listed on November 14.
The highly popular Indian paint company, Asian Paints, has seen a sharp decrease in its stock price by over 26 percent from its peak in September 2024. The disappointing underwhelming performance of Q2FY25 has led to several brokerages expressing their disappointment and concerns over increased competition and challenging market conditions. With a technical fall of over 20 percent, the stock is likely to witness a negative trend in the future, indicating a bear market. In the near term, traders can expect limited upside and potential support levels at Rs 2,125 and Rs 2,315. JP Morgan has downgraded the stock and cut its target price, raising questions for investors.
India's digital trucking platform, Zinka Logistics Solutions, better known as BlackBuck, is preparing for its first public offering (IPO) on November 13th. The IPO will include both new shares and shares from current shareholders and promoters, with a total value of Rs 1,114.7 crore. The company plans to use the funds to expand its capital base, develop new products, and cover expenses for sales and marketing. Truck operators can take advantage of BlackBuck's telematics, payment, and load marketplace services through their app, making trucking more efficient and cost-effective.
ITI Ltd, one of India's leading telecom manufacturing companies, has been chosen as the L1 bidder for the prestigious Rs 3,022 crore BharatNet Phase-3 Project by the government. The company has been awarded contracts for Package No. 8 in Himachal Pradesh and Package No. 9 in West Bengal and Andaman & Nicobar Islands. This marks a major milestone for ITI Ltd and its consortium as they have emerged victorious in two out of the 11 packages tendered by BSNL so far. The BharatNet project aims to provide high-speed internet connectivity to all gram panchayats in the country.
The production house behind the highly anticipated film Kannappa has issued a statement condemning the recent leak of Prabhas' look from the movie. They have also offered a reward of Rs 5 lakhs to anyone who can help identify and catch the person responsible. The movie, which also marks Akshay Kumar's Telugu debut, stars an ensemble cast including Mohan Babu, R Sarathkumar, and Brahmanandam. The makers have asked fans to refrain from sharing the leaked image and have promised to take legal action against the perpetrator.
Maruti Suzuki's upcoming Dzire model is not only making headlines for its exceptional safety features and perfect 5-star rating from Global NCAP, but also for its impressive acceleration figures revealed in a recent video. It boasts a powerful 1.2-litre petrol engine and will come with both manual and AMT transmission options. Bookings for this highly anticipated car have already begun at an initial amount of Rs 11,000.
Rohit Shetty's star-studded action film, featuring Ajay Devgn, Kareena Kapoor, Ranveer Singh, and more, has been dominating the box office since its release. Despite facing tough competition from 'Bhool Bhulaiyaa 3', 'Singham Again' has managed to rake in an impressive Rs 173 crore in its first week in India. With talks of reaching Rs 250 crore globally in its second week, this franchise film is giving tough competition to other Bollywood releases.
After a successful theatrical run, Jr NTR's Devara: Part 1 is reportedly set for an OTT release on Netflix on November 8th. The action-packed film, which also stars Janhvi Kapoor and Saif Ali Khan, has already earned Rs 291.45 crore at the box office. With praise for its action sequences and compelling performances, fans are eagerly awaiting its arrival on OTT in Tamil, Telugu, Malayalam, Kannada, and Hindi.