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The company reported an 11.54% year-on-year (YoY) jump in its June quarter net profit at Rs 261 crore, up from Rs 234 crore reported by the lender in the corresponding period of the previous financial year.

This remarkable surge underscores the resilience and growth potential of these companies, with Cera Sanitaryware, Data Patterns and Esab India taking the lead.

The IPO, with a face value of Rs 2 per equity, is priced in the range of Rs 102-108. The issue consists of a fresh equity of Rs 160 crore and an offer-for-sale (OFS) of up to 17.5 million shares by promoters selling shareholders

“India is going to see a reverse set up from the US and China because of the political cycle. A large amount of largesse from centre as well as at state levels is leaking into the economy and converting itself into food inflation. Indian inflation is going to have a unique feature where it is likely to be stickier at higher level largely because of food inflation.”

This article delves into the concept of RSI, its relevance in assessing stock movements, and how over 30 stocks, including 10 handpicked by ETMarkets, witnessed a downtrend in RSI recently. By exploring these trends, investors can gain insights for informed decision-making.

Veer Global Infraconstruction, a real-estate developer, has announced a 1:1 bonus issue, trading ex-bonus on August 22. The bonus shares will carry the same rights as the existing equity shares, will rank equally, and will entitle shareholders to participate in full in any dividend and corporate actions recommended.

The stock quoted a 52-week high price of Rs 934.5 and a 52-week low of Rs 454.0.

The retail portion was subscribed the most at 4.20x, followed by non-institutional investors at 3.5x. The category reserved for qualified institutional buyers (QIB) was subscribed 1.3 times.

A total of 3,018 shares changed hands on the counter till 01:51PM (IST)

"It does appear that the cycle will continue for the next 3-4 years. Usually real estate cycles differ from country to country. In India, on the residential side, we have seen that they are for 7-8 years. Our thinking is that we are 2.5-3 years in this cycle. It does look like we have a runway of 3-4 more years, provided the economy continues to remain robust."