HomeNewsBusinessIPOWaaree Energies Listing Highlights: After bumper listing, Waaree Energies closes at Rs 2,341 on BSE
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Waaree Energies Listing Highlights: The shares of the leading solar panel manufacturer opened at Rs 2,550 each on the Bombay Stock Exchange (BSE), representing a 69.66% increase from the issue price.
October 28, 2024 / 15:40 IST
Waaree Energies Listing Highlights: Waaree Energies shares had a robust debut on the stock exchanges on October 28, listing at a significant premium to the issue price. The shares of the leading solar panel manufacturer opened at Rs 2,550 each on the Bombay Stock Exchange (BSE), representing a 69.66% increase from the issue price. They later climbed to Rs 2,600, reflecting a total gain of 72.98%.Check listing day highlights here
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Waaree Energies Listing Highlights
Moneycontrol.com
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October 28, 2024 / 15:39 IST
Waaree Energies Listing Highlights: After bumper listing, Waaree Energies closes at Rs 2,341 on BSE
After bumper listing, Waaree Energies closes at Rs 2,341 on the Bombay Stock Exchange.
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October 28, 2024 / 15:07 IST
Afcons Infrastructure IPO Day 2 GMP Live: Afcons Infrastructure has a strong history
Afcons Infrastructure has a strong history of successfully completing a diverse array of complex engineering, procurement, and construction (EPC) projects, both in India and abroad. According to the Fitch Report, Afcons is recognized as one of India’s top international infrastructure companies, as reflected in the 2023 rankings by Engineering News-Record (ENR), which are based on international revenue for the financial year 2023.
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October 28, 2024 / 14:42 IST
Business news live: CEA Nageswaran likely to get extension after January 2025, says report
A report by NDTV Profit states that Chief Economic Advisor Nageswaran is likely to get an extension. The report adds that the Centre is in 'favour of' continuation. If approved, CEA Nageswaran will lead the FY26 Union Budget preparations, the report added.
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October 28, 2024 / 14:19 IST
Afcons Infrastructure IPO Day 2 GMP Live: Subscription status as of now
- Qualified Institutional Buyers (QIBs) - 0.01 times
- Non Institutional Investors(NIIS) - 0.34 times
- Retail Individual Investors (RIIs) - 0.31 times
- Employee Reserved - 0.88 times
- Total - 0.23 times
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October 28, 2024 / 14:04 IST
Business news live: Google fined Rs 26,172 crore after losing 15-year legal battle against UK couple
Google has lost a 15-year legal battle against a couple in the UK and has been ordered to pay 2.4 billion pounds (about Rs 26,172 crore) in fines for abusing the market dominance of its shopping comparison service. The tech giant had appealed against the fine originally levied by the European Commission in 2017 at Europe’s top court–the European Court of Justice–but it rejected its appeal in September, BBC reported. (Read More)
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October 28, 2024 / 13:36 IST
Afcons Infrastructure IPO Day 2 GMP Live: What will company do with the IPO fund?
The company intends to allocate the IPO proceeds towards multiple objectives, including capital expenditure for construction equipment, addressing long-term working capital requirements, prepaying or repaying portions of certain outstanding borrowings and acceptances, and supporting general corporate purposes. (Read More)
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October 28, 2024 / 13:19 IST
Afcons Infrastructure IPO Day 2 GMP Live: Mehta Equities issues 'buy' recommendation
Mehta Equities has issued a 'buy' recommendation for the Afcons Infrastructure IPO, stating, "The company's financials show solid growth, with revenue from operations and net profit rising by 14.7% and 14.9% in FY2023, and moderate growth of 5% and 9.5% in FY2024. At the upper price band of ₹463, the IPO seeks a market cap of ₹17,029 crore, implying a PE of 46.48x based on FY2025e annualized earnings, which appears fully priced given the industry average of around 40-45x. Notably, nearly 77% of the IPO consists of an OFS of ₹4,180 crore, a potential concern for new investors. However, with advanced equipment, proven execution abilities, and a strong market position, Afcons Infrastructure is a key player in the sector. Considering these factors, we recommend investors 'SUBSCRIBE' to Afcons Infrastructure Ltd, but for a long-term horizon only."
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October 28, 2024 / 13:05 IST
Afcons Infrastructure IPO Day 2 GMP Live: KR Choksey Securities assigns 'subscribe' rating
KR Choksey Securities has assigned a 'subscribe' rating to the Afcons Infrastructure IPO, stating, "Afcons Infrastructure is well-positioned for sustained growth in the infrastructure sector, leveraging its extensive expertise in complex engineering, procurement, and construction projects. The company’s strong capabilities in marine, urban infrastructure, and hydro projects, along with strategic partnerships with major clients, strengthen its competitive position. Afcons is also expanding geographically, targeting emerging markets in Africa and the Middle East while enhancing its project execution strategies. Given the company’s solid growth prospects, strong financial performance, and strategic focus on market expansion, we recommend a 'SUBSCRIBE' rating."
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October 28, 2024 / 12:52 IST
Afcons Infrastructure IPO Day 2 GMP Live: What's the price band of Afcons Infrastructure IPO
Afcons Infrastructure, an engineering company, has set its IPO price band at Rs 440 to Rs 463 per share. In the grey market, the company's shares are currently trading at a premium of Rs 24, according to stock market observers.
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October 28, 2024 / 11:51 IST
Business news live: Confident that PAT will come back by next quarter: V Vaidyanathan, MD & CEO, IDFC First Bank
Vaidyanathan, Managing Director (MD) & Chief Executive Officer (CEO), IDFC First Bank, weighed in on the reasons that led to lower profits in the second quarter, ending September 30. However, he exuded confidence that the situation would improve by the third quarter (October to December). The bank has made exceptions for loans given to microfinance institutions (MFIs). (Read More)
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October 28, 2024 / 11:46 IST
Waaree Energies Stock Price Live: Waaree Energies' market-cap crosses Rs 70,000 crore post bumper listing
After the stellar listing, the market capitalisation of Waaree Energies has crossed Rs 70,000 crore
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October 28, 2024 / 11:35 IST
Waaree Energies Stock Price Live: Waaree Energies shares slip 9% after delivering stellar 66% listing gains; should you buy, sell or hold?
Waaree Energies shares had a strong debut on the stock exchanges on October 28, listing at a significant premium to the issue price. However, the stock soon declined as investors took profits, falling nearly 8% to an intraday low of ₹2,300 on the NSE and dropping close to 10% to ₹2,294.55 on the BSE. (Read More)
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October 28, 2024 / 11:22 IST
Waaree Energies Stock Price Live: Waaree Energies on future roadmap
- Backward integration will give fillip to the margin
- We are currently at 15% margin, will see improvement in next 2 years
- Margin territory will be solid from backward integration and robust demand
- Competition is there due to huge demand in the renewable energy space
Amit Paithankar of Waaree Energies tells CNBC-TV18
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