Alibaba’s stock surged nearly 15%, fuelled by a strong performance in its AI segment and 26% increase in sales in its cloud division. Despite a modest 2% rise in overall income, investor concerns eased due to Alibaba’s leadership in AI amid fierce competition with rivals in the e-commerce sector.
Pavna Industries stock split: Small-cap stock Pavna Industries’ share price reflected an over 90% fall from its last closing price on the National Stock Exchange in trade on Monday, September 1, following the record date for its stock split in the ratio of 1:10.
GLOBAL-MARKETS/VIEW-EUROPE:MORNING BID EUROPE-China markets latest to get AI fever
Classic Electrodes (India) made a strong stock market debut on September 1, listing at ₹100, a 14.94% premium over its IPO price. The IPO was oversubscribed 179.97 times, with retail and institutional categories seeing high demand.
Torrent Power share price rose 7% after receiving a letter of award for a 1,600 MW coal-based facility in Madhya Pradesh, involving a ₹22,000 crore investment. The project will create 8,000 to 10,000 jobs during construction and 1,500 jobs during operation.
Anondita Medicare IPO listing: Shares of Anondita Medicare listed at a stellar 90% premium over their initial offering price on the NSE SME platform on Monday, September 1. Anondita Medicare’s share price listed at ₹275.50, up 90% over its public offer price of ₹145.
Sterlite Technologies share price fell 6% in one month, but the smallcap stock has rallied 51% in three months. The stock has surged 70% in six months and has gained 26% on a year-to-date (YTD) basis.
Shivashrit Foods shares listed with 4.6% premium at ₹148.50 on the NSE SME on Monday. The share prices nevertheless hit lower circuit thereafter
Reliance Industries shares fell over 1% following a previous decline, amidst key announcements from its AGM. Analysts remain optimistic about long-term growth, citing Jio’s IPO plans and strong retail projections as potential value drivers.
Reality Television has often introduced viewers to vibrant personalities whose stories continue to intrigue fans even years after their stint on the show ended. One such reality TV personality was Kelsey Bateman. She was a spirited young woman who briefly became a familiar face between 2007 to 2009 when she competed for the affection of … Read more