Vikran Engineerings shares rose about 5% on debut, listing slightly above its Rs 97 IPO price in a Rs 772-crore offering backed by investors Mukul Agrawal and Ashish Kacholia. Despite strong subscription and a robust order book, gains fell short of grey market expectations. Analysts recommend holding for long-term growth supported by government infrastructure spending and the companys asset-light model.
Apollo Micro Systems shares: Apollo Micro Systems hit a new 52-week high at Rs 303 on Wednesday, extending gains for the fourth session. The stock has surged 160% in six months, outperforming defence peers like Astra Microwave, BEML, Paras Defence, and BEL.
Bitcoin is stable around $110,900, while Ethereum decreased to $4,330. Experts say investor confidence is quietly building. Bitcoin's momentum remains strong. Buyers are defending key levels. The crypto sector's total market capitalization is approximately $3.83 trillion. Ethereum is holding above $4,300. Crypto markets edged higher as macro signals turned supportive. Bitcoin's spot market is showing early signs of strength.
CG Power shares have increased following the launch of India's first OSAT facility in Sanand, Gujarat. CG Semi, a subsidiary, launched the facility. Morgan Stanley initiated coverage with an 'Overweight' rating. The company is investing significantly in two facilities. These facilities are expected to create jobs.
TBO Tek shares jumped 11.61% to Rs 1,541.30 on NSE after announcing the acquisition of US-based Classic Vacations for up to $125 million. This strategic move will boost TBO Teks global footprint in the luxury travel market, combining advanced technology with Classic Vacations established luxury travel network and five decades of industry experience.
Indus Towers shares fell 5% to a 52-week low after the board approved a strategic international expansion into Nigeria, Uganda, and Zambia. While the move aligns with the governments push for global growth, investors appeared cautious due to risks like regulatory hurdles, geopolitical instability, and cost pressures. The plan leverages Induss ties with Bharti Airtel in African markets.
