KRN Heat Exchanger and Refrigeration Ltd’s IPO was fully subscribed within minutes of opening. The share sale received bids for over 3.40 crore shares against 1.09 crore on offer, translating to 3.10 times subscription. The IPO aims to raise Rs 342 crore, with funds allocated for a new manufacturing facility Continue Reading

IEX Share Price: Market coupling, expected to be implemented by the end of this fiscal year or the start of FY26, aims to establish a unified price for electricity across different trading platforms. IEX, which currently dominates the power trading market with an 84% share, may face new challenges due Continue Reading

Had we needed to we could have actually raised a significantly higher amount. But we think that this amount is sufficient to fund SpiceJet’s expansion plan, which is to go from the current level of 25, 27, 28 aircraft to in excess of 100 aircraft in two years.

Power Grid Share Price: Power Grid shares rose 4.5% to an all-time high of Rs 366.20 after Goldman Sachs set a target price of Rs 370, citing strong growth prospects and recent project wins.

Reliance Power Share Price: Reliance Power shares hit a new 52-week high, reaching Rs 42.06 on the BSE after the board approved issuing up to 46.2 crore equity shares and/or warrants worth Rs 1,525 crore through preferential allotment. The funds will be used for business expansion, debt reduction, and general Continue Reading

In case the company proceeds with the decision of the stock split, this will be the first instance of the company doing so, according to the data available on trendlyne.

HDFC Bank, Bharti Airtel, Infosys, ICICI Bank, and M&M contributed over 50%, or 5,700 points, to the recent 10,000-point Sensex rally, as the index surged 13.16% from 75,000 to 85,000, outperforming markets in Japan, France, and China during this period.

As the Sensex approaches 85,000 and equity valuations remain high, wealth managers suggest investing in multi-asset funds. These schemes combine equity, fixed income, and gold to diversify risk and provide balanced portfolios. Multi-asset funds offer automatic rebalancing and are taxed as equity funds if they allocate 65% or more to Continue Reading

Rajat Sharma, Founder & CEO of Sana Securities, advises caution in the overheated energy and energy transition sectors. He recommends considering oil marketing companies like HPCL, BPCL, and GAIL due to favorable oil prices. Sharma believes the power sector in India will perform well but suggests waiting for a market Continue Reading

On Wednesday, five stocks are subject to a F&O trade ban: Aditya Birla Fashion and Retail (ABFRL), Granules India, Hindustan Copper, Vodafone Idea, and Indian Energy Exchange (IEX).