This week (20 May - 26 May)

Wednesday, 22 May

MSCI May 2024 Update: 13 New Additions and 3 Dropped

MSCI's May 2024 review added 13 stocks to its Global Standard Index, including Canara Bank and JSW Energy, and excluded three stocks. These changes signal positive investor sentiment and increased capital inflows.

Wednesday, 22 May

Astral Q4 2024 Results

Astral Limited announced its Q4 FY2024 results, showing a consolidated PAT of ₹181.30 crore, a YOY revenue increase of 206.41% to ₹4635.30 crore, and a quarterly consolidated revenue rise of 236.72%. A ₹2.25 per share dividend was also declared.

Last week (13 May - 19 May)

Friday, 17 May

Polymatech Electronics: ₹1,500 Crore IPO for Semiconductor Expansion

Polymatech Electronics, a Chennai-based semiconductor manufacturer, plans a ₹1,500 cr IPO, doubling its initial size. CEO EswarRao Nandam discusses expansion strategies, aiming to increase chip capacity to 20 billion units, aided by a $5 billion investment and partnerships with Orbray Co. Ltd.

Friday, 17 May

What you must know about Go Digit General Insurance IPO?

Go Digit General Insurance Ltd, a digital-first insurer, offers a comprehensive range of non-life products. With a focus on digital solutions, it simplifies insurance processes, including claims. IPO highlights include a mix of fresh issue and offer for sale, emphasizing digital and omnichannel growth.

2 weeks Ago (06 May - 12 May)

Tuesday, 07 May

Paytm share price Drops 4% with COO's Resignation, Q4 Results Awaited

On May 6th, Paytm's shares dropped over 4.5% following COO Bhavesh Gupta's resignation announcement via a regulatory filing. By 9:38 am IST, shares further declined to ₹355.25, marking a 45% decrease this year, significantly underperforming compared to the Nifty's 4% gain

Tuesday, 07 May

CarTrade's stock price surged 9%, approaching a yearly high following a strong fourth quarter.

CarTrade Tech's share price surged over 9% following a robust quarterly performance. The stock climbed 18% in two days, propelled by a 50% rise in quarterly net profit to ₹22.5 crore. Trading at ₹870.80 on the NSE at 9:42 am IST, about 15 lakh shares were traded, significantly above the one-month average. The company reported a 51% increase in revenue to ₹145.27 crore, driven by the classifieds business of OLX, and a 23% rise in EBITDA to ₹49.11 crore. Despite a full-year net profit decline of 57.94% to ₹14.30 crore, annual sales grew 34.70% to ₹489.95 crore