News Overview

The BSE Midcap index rose by 0.5%, while the small-cap index remained flat.

Analysts of IIFL Capital Services also like SHFL and Five Star and upgrade MMFS to ADD as profitability improves and negative earnings revision are likely done.

Previously, the Madhya Pradesh-based company had filed preliminary papers for an IPO of 1.67 Crore equity shares on December 28 last year, which was later withdrawn.

RailTel also won a work order from the Odisha Computer Application Centre worth ₹113.46 Crore for establishing an IP-MPLS Network Connectivity in Odisha under OdishaNet Phase 1.0

The new addition has boosted the unit's capacity to 2.1 million tonnes per annum (MTPA)

Mankind Pharma made its stock market debut on May 9, 2023, listing at ₹1,300 per share, marking a 20.4% premium over the issue price of ₹1,026-1,080 per share.

Adani Ports added that the investment is consistent with their East Coast to West Coast parity strategy, and Gopalpur Port's position would provide unparalleled access to Odisha's mining centres and adjacent states.

Chicago Fed Bank President Austan Goolsbee revealed on Monday that during the Fed's policy meeting last week, he projected three rate cuts for the current year.

Approximately $900 million was withdrawn from these ETFs last week, primarily from the Grayscale Bitcoin Trust, along with reduced subscriptions for offerings from BlackRock Inc. and Fidelity Investment.

In the financial year 2023, SRM Contractors exhibited robust performance, with revenue witnessing a commendable growth of approximately 13.25% year-on-year (YoY). During the same period, the company's Profit After Tax (PAT) surged by 6.70%, showcasing a steady upward trajectory in its financial performance.