New Delhi, Goldman Sachs, Morgan Stanley, Motilal Oswal Mutual Fund (MF), Societe Generale and others bought a total of 19.81 crore equity shares, representing 1.45 per cent stake, of Suzlon Energy for Rs 1,309 crore from promoter entities through open market deals on Monday. Aditya Birla Sun Life MF, Edelweiss MF, Bandhan MF, Sundaram MF,…
Suzlon Energy’s promoters, the Tanti Family and Trust, are likely to offload 20 crore shares in a block deal on Monday, according to reports. The shares are priced at Rs 64.75 each, representing a 2.9% discount to the current market price. The deal is valued at around Rs 1,295 crore and includes a 180-day lock-in…
The Indian market ended the week lower on Friday, weighed down by U.S. President Donald Trump‘s sweeping retaliatory tariffs, which escalated the global trade war and heightened fears of a recession. The benchmark BSE Sensex declined 930.67 points or 1.22% to close at 75,364.69, while the broader Nifty 50 index closed at 22,904.45, down by…
Suzlon Energy shares continued their upward trajectory on Saturday, hitting a high of Rs 61.05 on the BSE in intraday trading, after surging 21.5% in four consecutive sessions after reporting impressive third-quarter results. Suzlon reported a stellar 90% year-on-year (YoY) increase in net profit, reaching Rs 386.92 crore for the quarter ended December 31, 2024….
The Indian market ended in green on Tuesday, buoyed by strong gains in financial stocks. The rally came after the Reserve Bank of India announced several measures aimed at enhancing liquidity in the banking system, fueling optimism about a potential interest rate cut in February. The benchmark BSE Sensex gained 535.24 points or 0.71% to…
The Indian market closed in the red on Friday, ending a three-day winning streak. The decline was led by losses in IT giant Infosys and private lender Axis Bank following the release of their quarterly results, with IT stocks tumbling due to mounting worries about earnings growth in the current quarter and persistent foreign outflows…
Indian benchmark Nifty 50 snapped a seven-day losing streak on Tuesday, led by gains in HDFC Bank and Mahindra & Mahindra. Analysts attributed the rise in both benchmarks to a short-term relief rally after shares recently slipped into correction territory. The NSE Nifty 50 rose 0.28% to 23,518, ending its longest losing streak since February…
Suzlon Energy has been issued an advisory cum warning letter from both the National Stock Exchange (NSE) and BSE Ltd, regarding non-compliance with the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements. These warnings are issued in respect to the company’s handling of disclosures related to the resignation of Independent Director,…
Equity markets concluded a three-week winning streak with a loss of over 1.5%, largely impacted by weak global cues. In today’s trade, shares of SpiceJet, Shriram Finance, Suven Pharma, Mazagon Dock, Suzlon Energy among others will be in focus due to various news developments. Shriram Finance Shriram Finance is planning to raise $1 billion (about…