Foreign Portfolio Investors (FPIs) shifted to net selling in the Indian stock market, liquidating equities worth Rs 12,404.73 crore during the week of August 5 to August 9, 2024. According to data from the National Securities Depository (NSDL), FPIs sold shares daily throughout the week, with the exception of Friday, when they purchased equities worth Rs 521 crore.
The selling by FPIs is…
Akums Drugs and Pharmaceuticals has launched its much-anticipated Initial Public Offering (IPO), opening today, July 30. The company is offering shares in a price band of ₹646 to ₹679 each, with a minimum lot size of 22 shares and in multiples thereafter. The subscription window for this IPO will remain open until August 1.
Key Details of the Akums IPO:
Issue Size: ₹1,856.74 crore
Price…
As summer approaches with forecasts of unusually high temperatures, Orient Electric, a CK Birla Group company, is poised for significant revenue growth in FY24, driven by strong performance in its fans and coolers segments. Rakesh Khanna, MD & CEO of Orient Electric, shared his optimistic outlook, citing increased demand due to the anticipated heat.
Khanna noted that the company expects a…
