Latest news with #NationalStockExchangeofIndiaLtd
Mint
3 hours ago
- Business
- Mint
Mid-cap stock ITD Cementation India skyrockets 9% on receipt of ₹893 crore contract
Stock Market Today: Mid-cap stock ITD Cementation India saw its share price skyrocket more than 9% in the morning trades on Tuesday as it announced receipt of ₹ 893 crore contract. The announcement was made on on Monday but after the market hours. ITD Cementation India informed the investors through its filing on the exchanges on Monday 9 June 2024 that has secured a new Contract worth ~ ₹ 893 Crore including GST. The secured contract worth ₹ 893 crore including GST, by ITD Cementation India is for construction of Berth & Breakwater for the development of Greenfield Captive Jetty(s) in Odisha, as per the company's intimation to the National Stock Exchange of India Ltd and the BSE or the Bombay Stock Exchange of India. With a well-established presence and expertise in Maritime Structures, Mass Rapid Transit Systems, Airports, Hydro-Electric Power, Tunnels, Dams & Irrigation, Highways, Bridges & Flyovers, Industrial Structures & Buildings, Water & Waste Water, and Foundation & Specialist Engineering, ITD Cementation India Limited is one of the key engineering and construction companies engaged in heavy civil, infrastructure, and EPC business. The company has been operating in India for nine decades. ITD Cementation India saw its share price open at ₹ 800 on the BSE on Tuesday. The Mid-cap stock ITD Cementation India share price at the time of opening was up more than 5% over the previous trading sessions closing price of ₹ 760.20. The ITD Cementation India share price however jumped to intraday highs of ₹ 830.65 and this meant gains of more than 9% during the intraday trades. The large order secured by ITD Cementation India has lifted investor sentiments as has improved the revenue visibility. The Mid-cap stock ITD Cementation India has risen close to 50% in last one month. The Mid-cap stock ITD Cementation India is a Multibagger stock too having risen more than 1750% in last 5 years
Time of India
27-05-2025
- Business
- Time of India
NSE's valuation jumps 60% with IPO looming: Sources
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Growing hopes for a listing of the world's biggest equity-derivatives bourse have pushed the valuation of the National Stock Exchange of India Ltd. to $58 billion in private markets, according to people involved in recent investors and institutions anticipating an initial public offering as early this year have been buying the unlisted shares aggressively, two of the people said, asking not to be identified as the deals are private. With demand far outstripping supply, the stock has changed hands for as much as 2,000 rupees ($23) recently. Its valuation had already doubled in just four months to as much as $36 billion in rally coincides with efforts by the exchange to settle a longstanding legal dispute with India's securities regulator that has held up its listing plans for nearly a decade. A potential IPO would place NSE's $58 billion valuation above that of Nasdaq Inc. and would narrow the gap with Deutsche Boerse AG's $62 billion market value, data compiled by Bloomberg NSE has almost 2.5 billion shares outstanding in private markets. Some 64% of that is held by public investors — including local and foreign institutions — and wealthy individuals, according to its website. An email to the exchange's representative went robust demand for shares of the exchange has strained the already limited stock supply. At least three market intermediaries had to return the money to prospective investors after failing to deliver shares because some sellers backed out ahead of the expected IPO, according to two people familiar with the the bourse has become more aggressive in equity derivatives. After consistently losing market share to listed peer BSE Ltd. , NSE's Chief Executive Officer Ashish Kumar Chauhan recently told analysts and investors that the decline has 'run its course.' To win back ground over BSE, NSE plans to apply to change the expiration day of its derivatives contracts to Tuesday from NSE, backed by large investors like Life Insurance Corp. of India and Canada Pension Plan Investment Board, first filed papers for an IPO in 2016. The regulator's investigation into allegations that some high-speed traders gained unfair access to its co-location servers not only derailed the listing, but also led to a six-month ban from capital markets.
