Wed, Jul 3, 2024 9:00 AM
Stocks to buy or sell: Rane Holdings to DCX Systems — Sumeet Bagadia
A Flip by Riya Sharma
Positron Energy Limited has received NSE approval for its IPO, set to issue 22,00,000 shares with a face value of ₹10 each. The company has demonstrated robust financial growth, with revenue surging from ₹341 lakhs in FY 2021 to ₹8,000.34 lakhs by November 2023, and impressive profit margins and return metrics. The IPO proceeds will funnel into the company's balance sheet.
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Tata Motors' Punch became the best-selling car in India in June, selling 18,238 units, a 65% increase from last year. This is a slight decline from May's sales. Tata Motors' total sales for June 2024 were 75,604 units, a 7.4% decline from last year, missing analyst estimates. The company's share price fell 0.67% to ₹991.50.
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Coffee Day Enterprises Ltd has reported a total default of Rs 433.91 crore on loan payments, including Rs 183.36 crore in principal and Rs 5.78 crore in interest, to banks, financial institutions, and unlisted debt securities as of June 30, 2024. The company has not added interest since 2021 due to a liquidity crisis, and lenders have sent loan recall notices and initiated legal disputes.
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