The initial public offering (IPO) of ACME Solar Holdings Ltd. was subscribed 1.19 times so far on Friday, November 8, the last day of bidding. The issue will close for subscription today. Investors placed bids for 6.95 crore shares as against 5.82 crore shares on offer, according to data from NSE. The retail investors led the demand, subscribing to 2.50 times the portion allocated to them.
Open Flip
Indian Metals & Ferro Alloys Ltd (IMFA) shares gained 10.3% on Friday, November 8, after the company reported strong earnings for the September quarter. The company’s consolidated profit after tax (PAT) increased swiftly by 40% on a year-on-year (YoY) basis to ₹125 crore in the second quarter of the current financial year, up from ₹89.2 crore in the same period last year.
Open Flip
Sharekhan's research report on Indian Hotels Company: Indian Hotels Company Ltd’s (IHCL’s) Q2FY2025 performance on like-for-like (LFL) basis was strong despite a lean season with hotel business revenues growing by 16% y-o-y and EBIDTA growing by 30% y-o-y. Consolidated (including Taj SATS) revenues/EBIDTA grew by 27%/41% y-o-y, respectively.
Open Flip
