Thursday, September 17
Laurus Labs shares climbed 7.5% to Rs 901 apiece on the BSE on Monday after the Andhra Pradesh government allotted 531.77 acres to the company in IP Rambilli Phase-II, Anakapalli district. The land will be used to set up Laurus Pharma Zone (LPZ), a large-scale pharma manufacturing hub.Laurus Labs plans to invest Rs 5,630 crore over the next eight years to set up multiple pharma manufacturing units in three phases. The project is also expected to generate employment for 6,350 people, making it a significant development for both the company and the region.This allotment provides Laurus Labs with a key asset to support its long-term expansion plans in pharmaceutical manufacturing.Laurus Labs Hits New 52-Week High; Technical IndicatorsLaurus Labs surged to a new 52-week high of Rs 901 apiece o
Shares of CarTrade Tech climbed as much as 9% on Monday, July 28, to a 52-week high of Rs 2,068.85 on the BSE after the company reported a sharp rise in quarterly profit and revenue, driven by growth across all key business segments and higher other income.CarTrade Tech posted a consolidated net profit of Rs 47.06 crore for the quarter ended June 30, 2025, more than double the Rs 22.90 crore reported in the same quarter last year. Revenue from operations rose to Rs 173.04 crore from Rs 141.52 crore a year ago, according to the company’s unaudited financial results approved by its board on Monday.Segment-wise growthThe company’s revenue is divided into three key verticals, namely Consumer, Remarketing, and Classifieds. In the April–June quarter, Consumer segment revenue stood at Rs 66
The upcoming IPO of Aditya Infotech, known for its CP Plus brand in video surveillance and smart camera systems, is making waves in the grey market. Its shares are trading with a grey market premium (GMP) between Rs 205 and Rs 210 per share, translating to a premium of over 30% above the upper price band of the issue.This strong premium suggests robust interest from investors even before the public offering opens.The GMP is often seen as an unofficial indicator of investor sentiment and potential listing performance. A 30% premium in the grey market ahead of the IPO indicates that the offering has gained strong traction—possibly due to the company’s growing presence in smart security solutions, its diversified portfolio, and its expansive domestic distribution network.Aditya Infotech I
The initial public offering (IPO) of Brigade Hotel Ventures was subscribed 1.34 times as of 10:33 am on Monday, the third and final day of bidding.The IPO received bids for 6.85 crore shares against 5.11 crore on offer. Retail investors led the demand with a 5.18 times subscription, followed by non-institutional investors (NIIs) at 1.13 times. The qualified institutional buyer (QIB) portion was subscribed to just 8%.Brigade Hotel Ventures IPO GMPIn the grey market, Brigade Hotel Ventures shares were trading at a premium of Rs 2, suggesting a modest 2% gain over the upper end of the price band—signalling the possibility of a flat listing.Brigade Hotel Ventures IPO DetailsInvestors can bid for a minimum of 166 shares and in multiples thereafter before the window closes on July 28. Share al
