Fri, Nov 8, 2024 1:05 PM
Swiggy IPO Day 3: Rs 11,300 crore issue gets fully subscribed
A Flip by Shubhangi Gupta
Indian stock market faced a sharp correction in October, driven by sustained selling from Foreign Portfolio Investors (FPIs), who shifted to more attractively valued markets like China amid weaker domestic corporate earnings. According to data from the National Securities Depository Ltd (NSDL), FPIs recorded net sales of ₹94,017 crore in Indian equities in October 2024.
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Granules India Ltd shares gained 3.2% on Friday after the company received an EIR from the USFDA for its facility in Andhra Pradesh. Opening higher at ₹575.95 apiece on the BSE, shares of Granules India Ltd. rose further to touch an intraday high of ₹590. Shares of Granules India traded flat in the afternoon session on Friday, marginally up by 0.45% to ₹574 per piece on the BSE at 12:48 pm.
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MRF's board announces an interim dividend of Rs 3 per share, with a record date of November 19, 2024, and payment by November 29. The company's Q2 standalone net profit fell 20% to Rs 455 crore, with revenue rising 11% to Rs 6760 crore, and EBITDA dropping 14% to Rs 974 crore. MRF's shares traded 2.7% lower at Rs 1,17,728.65 on BSE.
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