GAGA Share Market News

[hfe_template id='11223'] [ad_1] Shares of agrochemicals manufacturer UPL are likely to remain in focus on Thursday announced plans to raise up to Rs 3,378 crore through a rights issue priced at Rs 360 per share. The funds will be raised through the issuance of 9.38 crore partly paid-up equity shares. The issue price of Rs 360 represents a discount of about 34% to UPL's closing price of Rs 546.85 on November 19 on the BSE. The company stated that the rights issue offers eligible shareholders one share for every eight fully paid-up shares held as of the record date, November 26. The issue price includes a face value of Rs 2 and a premium of Rs 358, payable in installments—Rs 90 on application and Rs 270 in subsequent calls, according to the company’s filing. Also read: Honasa Consumer shares crack 34% in just 2 days. Is the glow fading away? The subscription period begins on December 5 and ends on December 17, with an on-market renunciation window from December 5 to D...

[hfe_template id='11223'] [ad_1] The shares of Garuda Construction will debut on the exchanges on Tuesday. Going by the grey market trends, the stock is expected to see a negative to flat listing. The IPO received a decent subscription of 7.5 times amid strong demand from retail investors. The company's financial performance was robust in FY23, however the election year in FY24 led to a slowdown in revenue and profit growth. Analysts said the company's key strengths include a strong order book and project diversification, which provide a stable revenue stream. Additionally, Garuda Construction and Engineering return on net worth is superior compared to its peers, despite operating in a cyclical industry. "The IPO's valuation was reasonable, but investors should carefully consider the cyclical nature of the industry and the potential impact of market volatility on the company's performance," said Shivani Nyati, Head of Wealth, Swastika Investmart...