FIIs cut stake in 12 smallcap stocks over 2 quarters; shares fall up to 50% in CY26
FIIs cut stake in 12 smallcap stocks over 2 quarters; shares fall up to 50% in CY26
FIIs cut stake in 12 smallcap stocks over 2 quarters; shares fall up to 50% in CY26
India’s markets regulator is planning sweeping changes in rules that could bolster tiny-company listings and increase investor participation, according to people familiar with the matter. The Securities and Exchange Board of India plans to allow companies with a market value of as much as Rs 4,000 crore ($420 million) to use the so-called small and…
Shares of Neuland Laboratories rose over 6% to Rs 21,200 on the BSE on Thursday after the company reported a sharp jump in its June quarter earnings. Its profit after tax surged 975% year-on-year to Rs 147.4 crore in Q1 FY27, compared with Rs 13.7 crore a year ago. The company released its Q1 results…
Shares of Sterlite Technologies and HFCL rallied 5% each on Wednesday following reports that the US administration is considering a ban on Chinese data centre equipment imports. Sterlite Technologies touched a day’s high of Rs 636, while HFCL climbed to Rs 212. According to a Reuters report, the Trump administration is drafting a ban on…
Mumbai: Five public sector insurance firms are set for a windfall pegged at about ₹7,200 crore from the sale of 40 million National Stock Exchange shares in the bourse’s proposed IPO, according to the draft prospectus, based on an assumed valuation of ₹1,800 a share. General Insurance Corporation of India will lead the pack, followed…
Mumbai: The National Stock Exchange (NSE) has filed an updated draft red herring prospectus (UDRHP) for its upcoming initial public offering (IPO) with the Securities and Exchange Board of India (Sebi), said sources familiar with the matter. The revised filing proposes cutting the IPO size to around ₹22,500-23,500 crore from the earlier plan of ₹30,000…
Shares of RailTel Corporation of India gained nearly 5% in Wednesday’s trading session after the company announced it had received a work order from the Employees’ Provident Fund Organisation (EPFO). The stock rose 4.96% to Rs 290.85 following the announcement. The order involves an extension of RailTel’s Infrastructure-as-a-Service (IaaS) engagement with EPFO. According to the…