Wednesday, September 16
Shares of Aeroflex Industries fell as much as 9.9% on Tuesday, July 29, to Rs 185.25 on the BSE, after the company reported a sharp year-on-year decline in earnings for the June quarter, triggering a sell-off in the Ashish Kacholia-backed stock.The manufacturer of flexible flow solutions posted a 42.22% drop in net profit to Rs 7.17 crore for Q1 FY26, compared with Rs 12.41 crore in the year-ago quarter. Revenue for the June quarter also declined 6.04% to Rs 84.33 crore, down from Rs 89.75 crore in Q1FY25, reflecting muted demand despite its export-heavy model and global client base.Ace investor Ashish Kacholia raised his stake in Aeroflex Industries during the June quarter. His holding increased to 1.99% or 2,578,928 shares, from 1.92% or 2,478,928 shares in the March quarter.Aeroflex Ind
Shanti Gold International IPO had received an overall subscription of 6.88 times as of 10:15 a.m. on the last day of bidding, driven largely by strong demand from retail investors and non-institutional investors (NIIs). The grey market premium (GMP) for the IPO is hovering around Rs 37 per share, indicating a possible listing gain of approximately 18.5% over the upper end of the price band, which is set at Rs 199 per share.The IPO is entirely a fresh issue, offering 1.81 crore equity shares to raise Rs 360.11 crore. The bidding opened on July 25 and will close today, July 29.Shanti Gold IPO: Subscription StatusRetail investor enthusiasm has been notable, with the segment receiving 7.99 times subscription for the 63.33 lakh shares reserved for it. The NII category saw even stronger demand,
Once a bellwether of India’s auto rally, Tata Motors now finds itself trading at a steep 42% discount to its record high. After a bruising year of tariff shocks, margin pressures, and waning momentum, the stock is testing investor patience, and tempting bargain hunters. Is this slump a value trap or a rare buying opportunity in one of India's most storied automakers?From a technical standpoint, Tata Motors shares are trading at Rs 682.30, below seven of their eight key simple moving averages (SMA), with the exception of the 100-day SMA. The Relative Strength Index (RSI) is hovering at 49.9, signalling a lack of directional conviction, while the MACD remains below the centre line at -1.0.Sudeep Shah, Head of Technical and Derivatives Research at SBI Securities, noted that “the stock has
