Burger King India share price sharply fell in the afternoon deals today after surging for the last three days. The stock fell to hit the 10 per cent lower circuit at Rs 179.35 apiece today afternoon, after rising in the morning to hit the upper circuit. In the morning deals, Burger King shares were locked in the 10 per cent upper circuit. The company’s market capitalisation has also fallen to Rs 6,844.98 crore from Rs
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Laxmi Organic Industries is set to raise Rs 800 crore through initial public offer (IPO). The speciality chemicals manufacturer has filed preliminary papers with the capital market regulator Securities and Exchange Board of India (Sebi). Laxmi Organic Industries’ issue will comprise fresh issue of shares aggregating to Rs 500 crore and an offer-for-sale (OFS) worth Rs 300 crore by the promoter Yellow Stone Trust, according to the draft red herring prospectus (DRHP) filed. The book
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Shares have risen in Asia, shrugging off a weak close last week on Wall Street after Japan’s central bank reported a strong improvement in business sentiment. Tokyo’s Nikkei 225 climbed 0.6 per cent and shares were also higher in Shanghai, Seoul and Sydney. Hong Kong’s Hang Seng declined. The quarterly “tankan” survey by the Bank of Japan showed business sentiment has improved sharply with expectations for a recovery from a year-long recession. The main measure
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IRCTC share price fell 3.5 per cent to Rs 1,400 apiece in intraday deals on BSE on the back of ongoing offer-for-sale (OFS). Through this OFS, the government is planning to sell up to 20 per cent stake in IRCTC at a floor price of Rs 1,367 apiece. IRCTC’s OFS received a good response from non-retail investors and was subscribed 198 per cent on the first day with an indicative price of Rs 1,391.42. Department
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Stocks were mostly lower Thursday in Asia after weakness in technology companies’ shares led an overnight decline on Wall Street. Benchmarks fell in Tokyo, Hong Kong and Sydney but edged higher in Shanghai. As coronavirus vaccines move closer to distribution, markets have been pushing higher on hopes the pandemic will begin to ease, allowing economies to recover. A vaccine from Pfizer and German partner BioNTech, which is already in use in the UK, is on
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