Sugar stocks surged in morning trade on September 2 after the government decided to remove limits on ethanol production from sugarcane juice, sugar syrup, and molasses for the year 2025-26.The government had restricted production of ethanol from sugarcane juice, syrup and all types of molasses in the current marketing year amid a drop in sugarcane supplies. In the new ethanol supply year starting ...

Bulls may attempt a comeback on Dalal Street on weekly F&O expiry day, suggested early trends on SGX Nifty. Ahead of Thursday’s session, Nifty futures were trading 18 pts or 0.1% up on the Singapore Exchange, signalling a flat to positive start for NSE Nifty 50 and BSE Sensex. “Markets are in strong hands and such a strong recovery amid the global mayhem has further strengthened our belief. ...

Tamilnad Mercantile Bank’s shares saw a flat listing on the stock exchanges today amid the tepid market momentum. Shares of the company began trading on the BSE at Rs 510 apiece from the IPO price of Rs 500-525 apiece per share. At the time of listing, the company had a market capitalisation of Rs 8,075.92 crore. The company launched its Rs 831-crore initial public offering (IPO) from September ...

The initial public offering (IPO) of Tamilnad Mercantile Bank (TMB) was fully subscribed on its second day on Tuesday. The offer received bids for 13.3 million shares, against the IPO size of 8.712 million shares, getting subscribed 1.53 times.Retail investors booked their quota 3.61 times, and non-institutional investors booked 1.27 times their reserved portion. The lender has fixed the price b...

The Initial Public Offer (IPO) of Tamilnad Mercantile Bank has been fully subscribed on the second day on Tuesday. The Tuticorin-based private sector lender has fixed the price band at ?500-525 per share and the share sale will conclude on Wednesday, September 7. The lender on Friday said it has mobilised a little over ?363 crore from anchor investors ahead of its issue.As of 10:35 am on day 2, th...