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Govt mobilises nearly ₹2,100 cr via share sale of state-owned IRFC
The government on Thursday said it has raised around Rs 2,100 crore from the share sale of state-owned Indian Railway Finance Corporation (IRFC). The OFS for IRFC closed with an enthusiastic response from the retail investors, Department of Investment and Public Asset Management (DIPAM) Secretary Arunish Chawla said in a post on X. "Combined with the institutional investors, 22.88 crore shares were sold to the minority shareholders over the two trading days for an estimated amount of Rs 2,084 crore. We thank all investors for their participation and for reposing their faith in us," he said. The government decided to exercise the green shoe option on Wednesday, allowing 2 per cent stake dilution in the public sector undertaking (PSU) of the Railway Ministry. The Department had fixed a floor price of Rs 91 per share, at a discount of 7.8 per cent over Tuesday's closing price of IRFC shares on the BSE. Shares of IRFC closed 0.8 per cent lower at Rs 91.78 on the BSE on Thursday. Prio
HDFC Mutual Fund buys additional 10 lakh shares of Global Health for Rs 130 crore
HDFC Mutual Fund has secured an additional 10 lakh shares of Global Health, which is known for operating Medanta hospitals, from co-founder Sunil Sachdeva for Rs 130 crore. This acquisition builds on a prior purchase made last month. The transaction accounts for a 0.37% stake in the company. In related news, Global Health has reported an impressive 39.7% increase in its fourth-quarter profit after tax, totaling Rs 141.7 crore.
Alpha Wave sells entire 1.9% stake in Delhivery; stock falls over 2%
Global investment firm Alpha Wave Global has divested its entire 1.93% stake in logistics giant Delhivery for Rs 665 crore. This significant exit saw the firm offload over 1.44 crore shares. In related news, venture capital firm Nexus Venture Partners also sold a substantial stake in Delhivery, while Mirae Asset Venture Investments reduced its holding in logistics firm Shadowfax Technologies.
Swiggy Teams Up With Zerodha Fund House To Enable Mutual Fund Investments For Gig Workers
Swiggy partners Zerodha Fund House to let delivery partners invest in mutual funds from Rs 100.
Cranex receives orders worth Rs 18.52 cr
The fresh orders received by the Company include orders from BHEL and Indian Railways for workshop infrastructure projects. In addition, the Company's existing order book includes orders from BEML for railway projects including the Vande Bharat programme and orders for defence sector projects across India.
Paras Defence shares fall over 2% after 30% rally in 3 sessions. What are charts suggesting?
Paras Defence shares saw a dip after a significant rally, yet technicals suggest a bullish trend supported by strong momentum. Foreign investors are increasing their stake, reflecting optimism in India's booming defence manufacturing sector. Indigenous production has surged, driven by the 'Aatmanirbhar Bharat' initiative, with private players contributing substantially. Experts foresee a promising future for the Indian defence industry, bolstered by global geopolitical shifts and increased domestic spending.
Easing West Asia tensions boost IPO activity, 3 issues to open next week
The primary market is showing signs of revival as improving geopolitical conditions in West Asia have boosted investor sentiment, prompting three mainboard IPO launches next week and paving the way for more public issues in the pipeline. Cordelia Cruises operator Waterways Leisure Tourism, Jaipur-based jewellery manufacturer Advit Jewels, and IT solutions provider CSM Technologies will launch their maiden public issues over the next few days, while packaging solutions provider Knack Packaging is expected to announce its price band. Quick commerce unicorn Zepto is looking to raise over Rs 10,000 crore, and the country's largest fund house, SBI Mutual Fund, plans to launch its Rs 13,000-crore public issue next month, according to people familiar with the development. In June, CMR Green Technologies and Hexagon Nutrition have already launched their IPOs, while the public issue of insurtech unicorn Turtlemint Fintech Solutions is currently underway. Adding to the momentum, the National
Weekly Market Wrap: NIFTY50, SENSEX rise 2%, SMIDs shine, Nifty India Defence jumps nearly 7%; Trent tops list - Upstox
Weekly Market Wrap: NIFTY50, SENSEX rise 2%, SMIDs shine, Nifty India Defence jumps nearly 7%; Trent tops listUpstox
Multibagger HFCL shares hit 5% upper circuit for second session. What’s triggering the surge?
HFCL shares surged significantly after securing a substantial contract from Rail Vikas Nigam Limited. This order bolsters HFCL's standing in the telecom sector. The company is also expanding into defence, aerospace, and data centre opportunities. HFCL is transforming into a global technology player with increasing export revenues. The market anticipates continued growth driven by AI and data centre infrastructure.
Paras Defence Surges 7%: Record Defence Production, ₹30,000 Crore Drone Programme and Strong Technicals Fuel Rally - India Infoline
Paras Defence Surges 7%: Record Defence Production, ₹30,000 Crore Drone Programme and Strong Technicals Fuel RallyIndia Infoline
Defence shares gain momentum on strong production and growth outlook
Indian defence stocks surged as the government announced a record ₹1.78 lakh crore in defence production for fiscal 2026, a 15.6% increase from the previous year. This growth, driven by policy push and rising global demand, has led to a strong rally in defence companies and the Nifty Defence Index, which is up 23% year-to-date.
Buy, Sell Or Hold: IRCTC, SBI, Hindustan Copper, M&M, Paras Defence, Dr Reddy's Laboratories — Ask Profit
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