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Magenta Lifecare IPO oversubscribed by 74 times on day 2 so far; check detailsThe IPO garnered bids for 1,36,94,000 shares on the third day as against the total offering of 20,88,000 shares, resulting in an overall subscription rate of 6.56 times, according to Chittorgarh data.The retail portion was booked 11.61 times on the third day, while the non-institutional investors' portion achieved a subscription rate of 1.35 times.The company aims to raise ₹11.4 crore through its IPO, comprising a combination of fresh equity shares and an offer for sale. The price band for the offer is set at ₹52 per equity share, with a face value of ₹5 each.

Nifty on Thursday formed a Doji candle on daily chart, which indicates indecisiveness prevailing in the marketplace at current juncture. The short-term trend of Nifty continues to be positive amid high volatility. Having moved above the hurdle of 22,250 level (mid-part of Tuesday's long bear candle) recently, Nifty could move towards the next upper hurdle of 23,200 (upper part of long bear candle) in the near term. Immediate support is at 22,640 level, said Nagaraj Shetti of HDFC Securities.

Also Read: Renewable energy stocks jump up to 500% in 1 year; what's fuelling this rise? What should you buy from the sector?Furthermore, the renewable energy space has provided returns ranging from 400% to a startling 1200% in the previous year, there are a few stocks that remain at good valuations.As per trendlyne data, in a span of one year, shares of Waaree Renewable Technologies has skyrocketed by 1,1200%, KPI Green Energy has surged over 400%, Gensol Engineering have jumped over 170%, and Sterling and Wilson Renewable Energy have climbed over 130%.These companies have been striving to increase their assets and capabilities in order to assist India meet its 2030 objective of 500 GW installed capacity. Most have successfully secured large orders.In the recent times, KPI Green Engineering bagged orders totalling ₹351.35 crore from several clients for projects such as building crash barriers for railway track fencing, solar projects, and electricity transmission line towers.Similarly, Gensol Engineering reported a sizable order book of ₹1,783 crore at the start of FY25.

Dabur India and Zydus Lifesciences with ‘add’ calls; and PG Electroplast with a ‘reduce’ rating. Meanwhile, deletions include APL Apollo Tubes, Bharat Electronics, Data Patterns, Camlin Fine, and Titan Company.

Hapag-Lloyd Chief Executive Rolf Habben Jansen said on Wednesday that demand for container shipments across the world's oceans has risen significantly in recent weeks but the upswing may be short-lived.

Gold rate today: Following slides in the U.S. dollar rates and the U.S. Treasury yields, gold price today witnessed strong buying in early morning deals.

Sensex and Nifty soared over 3% each on heavy value buying by investors after NDA alliance partners started talks on government formation. The stocks that were in focus included names like HUL, which rose 4.29%; IRCTC, which gained 0.6%; and RVNL, whose shares rose 0.68% on Tuesday.

Also Read: Kronox Lab Sciences IPO day 3: GMP, review to subscription status. Apply or not?Investors can ascertain if they have been allotted shares and to what extent by identifying the basis of allocation.

Whether you go big, small or DIY, there are lots of way to please dad on Father’s Day

ALSO READ: HPE's Communications Technology Group to transition to HCLTech in strategic dealAt 11:50 am EDT, the HPE shares were at $19.70, up 11.96 per cent.The company forecast third quarter revenue of $7.4 billion to $7.8 billion.HPE also raised its forecast for full year adjusted earnings per share to a range of $1.85 to $1.95, from a prior forecast of $1.82 to $1.92 per share.The company reported revenue of $7.20 billion for the second quarter ended April 30.In the reported quarter, HPE’s server revenue surged 18 per cent from a year earlier, to $3.9 billion.Its AI-server revenue more than doubled sequentially to $900 million, and order backlog stood at $3.1 billion.“AI systems revenue more than doubled from the prior quarter, driven by our strong order book and better conversion from our supply chain," said Hewlett Packard Enterprise chief executive officer Antonio Neri.

Princess of Wales resume her royal duties and come back to the role she played before being diagnosed with cancer? Or will she never return to the role people saw her in before? At a time when Kate Middleton is undergoing cancer treatment, this question is looming large on the UK, its political system and its Royal Palace. Some people also connect it to the prophecy of 16th-century French astrologer Nostradamus.

Indian Oil Corporation Ltd. traded 2.16 per cent up at Rs 157.75 on Wednesday at around 01:48PM (IST), while the benchmark BSE Sensex advanced 1655.39 points to 73734.44. As many as 1,740,476 shares changed hands on the counter with a total value of Rs 26.65 crore.

Bharat Electronics Ltd. rose 1.7 per cent to Rs 259.9 in Wednesday's trade as of 02:04PM (IST) even as the benchmark Nifty ruled at 22522.2, up 637.71 points. The scrip had closed at Rs 255.55 in the previous session. The stock quoted a 52-week low of Rs 113.4 and a high of Rs 323.0. The company quoted a market-cap of Rs 183694.74 crore on the BSE.

Mazagon Dock Shipbuilders has received a ‘sell’ call from domestic brokerage house ICICI Securities as it believes the positives have already been factored in.The brokerage has a target price of ₹900 for the stock, indicating a massive downside of over 66 percent from its previous close of ₹2,679.30 (as on June 4)."In our view, factoring in the potential orders of P75 (3 additional submarines), P75I, and next-gen destroyers, and margins at an elevated level in the near term, we believe the positives have already been factored in the stock price. We maintain SELL on MDL with a revised TP of INR 900 (earlier INR 880/share), as per DCF methodology," it said.The defence stock has delivered multibagger returns over the past year, soaring by 171% amid the PSU rally wave.

Kronox Lab Sciences IPO day 3: The initial public offering (IPO) of Kronox Lab Sciences Limited opened on June 3 2024, and will remain open till June 5 2024. Bidders have just one day to apply for the public issue.

₹120 crore and an offer for sale (OFS) of up to 6.66 crore shares. In the OFS, stakeholders such as SAIF Partners, Peak XV Partners, Aloke Bajpai, Rajnish Kumar, Micromax Informatics, and Placid Holdings will sell part of their stakes.Also read: Kronox Lab Sciences IPO Day 2: Should you subscribe or not? Check GMP, key dates, subscription status, more.The offering is being conducted through the book-building process, with 75 per cent of the IPO reserved for qualified institutional buyers, 15 per cent for non-institutional investors, and the remaining 10 per cent for retail investors.The net proceeds from the public offer are intended to be used for funding working capital requirements, investments in technology, supporting inorganic growth through acquisitions and other strategic initiatives, and general corporate purposes.Ixigo is a travel technology company dedicated to empowering Indian travelers to plan, book, and manage their trips across rail, air, buses, and hotels.

LPL has broadened its footprint in the Sun Belt as it welcomes a breakaway advisor in New Mexico.

initial public offering (IPO) of Le Travenues Technology, which operates travel tech platform Ixigo, will open for subscription on June 10 and close on June 12. The company filed its draft red herring prospectus (DRHP) with markets regulator Sebi in February and received approval for the same in May.

The Adani group’s digital platform Adani One and ICICI Bank have launched India’s first co-branded credit cards with airport-linked benefits in collaboration with Visa.

Vaibhav Jain, Head of Content & Education, Share.MarketWe are seeing Nifty 50’s support at 21,700 and 21,100. Currently, the Nifty 50 is hovering around 22,000 and a close above 21,700 would be a good point to consider taking long positions.On the upper side, 22,800 acts as the first resistance where we might see some profit booking, post which all time high of 23,338 will be a crucial point to break to see further upside.Technically, Nifty will find support near 21,250, where the 200-DEMA is located, and resistance near 23,340 levels in the short term.In summary, the market's reaction to the election results has introduced significant volatility, with various analysts highlighting key support and resistance levels to monitor.