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Shares of fertiliser companies rallied up to 13% on Tuesday after Russian President Vladimir Putin assured India of uninterrupted fertiliser supplies amid the West Asia crisis. Fertilisers and Chemicals Travancore (FACT), Rashtriya Chemicals and Fertilisers (RCF), Paradeep Phosphates and Chambal Fertilisers & Chemicals gained as investors assessed the potential boost from assured supplies.
Entero Healthcare Solutions shares rose sharply after Prashant Jain-owned 3P Investment Managers acquired a 2.5% stake in the company through open market transactions. The shares were bought from Prasid Uno Family Trust at Rs 1,377.8 apiece, according to stock exchange data.
TCS shares rose after the IT major signed a five-year €1.25 billion deal with Porsche AG and agreed to acquire its IT arm, MHP, for €320 million in an all-cash transaction. The acquisition, expected to close in 3–4 months, will deepen TCS’ relationship with Porsche and strengthen its AI transformation push, while expanding its presence…
Nikkei 225 bear flag nears breakdown at 65,777: Live levels
Lenskart’s IPO valuation drew sharp criticism from investors, with its 230x P/E and 10.5x sales multiples sparking comparisons with expensive listings such as Mamaearth, Paytm and Nykaa. Retail investors mocked the Rs 70,000-crore valuation on social media, questioning whether the eyewear company offered enough upside. Less than a year later, the debate over Lenskart’s valuation…
Netweb Technologies shares fell nearly 4% after the company completed its Rs 1,200 crore Qualified Institutions Placement (QIP), its first equity capital raise since listing in July 2023. The issue drew strong participation from global and domestic institutional investors, including Nomura, Goldman Sachs Asset Management and several mutual funds. The company will use the proceeds…
SK Hynix shares fall after union members narrowly reject wage deal
SK Hynix breaks 23.6% Fib level: Live hourly levels