Shares of lead and aluminum recycling company Gravita India shares jumped seven percent on December 17 after the firm launched a Qualified Institutions Placement (QIP).According to CNBC-TV18, the firm will raise Rs 750 crore through the QIP, with an option to upsize the issue to Rs 1,000 crore. The QIP would result in an equity dilution of 5.2 percent. The firm received approval from its board to ...

Shares of railway-related stocks traded mixed on December 17, with names like Railtel Corp, Texmaco Rail, and Rail Vikas Nigam gaining 1-2 percent while others like Titagarh Rail, Jupiter Wagons, and IRFC witnessed slight profit booking that dragged the stocks into the red.This comes after railway stocks bounced back into the limelight in the past month's strong optimism over the sector's growth p...

Shares of Quess Corp are higher by 10% in early trade after Antique Broking initiated coverage with a Buy recommendation and a target price of Rs 1,000 per share on an improved growth outlook.Quess Corp shares are rising on very strong volumes to climb above 20 and 50-DMA, clocking its best day in over 12 weeks. The target price assigned implies a 50% upside from Monday's closing price.The Antique...

Shares of IT major Wipro gained as much as a percent to Rs 312, hovering close to its 52-week high on December 17 after the company announced a deal to buy 100 percent shareholding in Applied Value Technologies and its affiliates Applied Value Technologies Pte Ltd and Applied Value Technologies BV.This purchase is expected to bolster Wipro’s existing application services capabilities and create ...

Shares of newly listed Afcons Infrastructure gained 5 percent to Rs 568 to hit a fresh record high on December 17, extending gains for a second trading session in a row after Investec initiated coverage with a 'buy' call and assigned a price target for the stock.With a price target of Rs 630, the brokerage anticipates an upside potential of 17 percent from the last closing price of Rs 540 on the N...