News for Engineers India Limited (ENGINERSIN.NS)

BP and Engineers India Ltd have signed an MoU to explore opportunities in supporting oil, gas, and refining activities. The agreement includes forming joint teams to discuss technical support across BP's global assets in refining, terminals, pipelines, oil and gas, and offshore/subsea portfolios. The MoU is valid for three years and may expand to other energy vectors.

Indian markets closed lower as U.S. tariff threats on steel and aluminum imports dampened sentiment. The Sensex fell 548 points, while Nifty dropped 178 points. Analysts cite weak demand, margin pressures, and cautious investor outlook amid rising domestic yields.

PSU stocks such as Chennai Petroleum Corporation Ltd (CPCL), Mangalore Refinery and Petrochemicals Ltd (MRPL), Cochin Shipyard Ltd, MMTC Ltd, ITI Ltd and Oil India Ltd have led the losers, falling 47-59 per cent.

MRPL doubles Bitumen production capacity with new 'Biturox' technology, supporting India's infrastructure growth with high-quality VG40 Bitumen.

Oct 30, 2024 / 08:30AM GMTOperator Ladies and gentlemen, good day and welcome to the Engineers, India Limited Q2 fr 25 earnings conference call hosted by Dam Ca

Shares of Deepak Builders & Engineers India Ltd. listed flat at Rs 200 on the NSE on Monday over its issue price of Rs 203. It opened at Rs 198.5 on the BSE. The IPO was subscribed 41.54 times on its third and final day last week.

Ahead of its debuts, shares of Deepak Builders were commanding a grey market premium premium of Rs 32 per share, suggesting a listing pop of around 16 per cent for the investors on listing.

The IPO of Deepak Builders & Engineers India was open for bidding between October 21-23, which offered its shares in the price band of Rs 192-203 per share with a lot size of 73 shares.

The initial public offer of engineering and construction company Deepak Builders & Engineers India Ltd. received 41.54 times subscription on the last day of the share sale on Wednesday. The Rs 260 crore IPO got bids for 37,24,79,872 shares against 89,67,061 shares on offer, as per NSE data.

Deepak Builders is selling its shares in the price band of Rs 192-203 apiece. Investors can apply for a minimum of 73 shares and its multiples thereafter.

Deepak Builders is selling its shares in the price band of Rs 192-203 apiece. Investors can apply for a minimum of 73 shares and its multiples thereafter.

The IPO of Deepak Builders & Engineers includes a fresh share sale of 1,07,00,000 equity shares worth Rs 217.21 crore, while an offer-for-sale of up to 21,10,000 equity shares by its promoters.

The 30-share BSE Sensex pack surged 1,593 points to hit an all-time high of 83,116, while the broader NSE Nifty index moved 515 points higher to scale a lifetime peak of 25,433.

Nifty closed unchanged on Thursday, but its price action formed an Inside Bar pattern, signaling potential volatility. This pattern, combined with the index finding support at the 10-day exponential moving average (EMA) after two sessions, suggests a short-term upward trend, according to technical analysts.

Apeejay Surrendra Park Hotels shares listing: The stock opened at Rs 187 against the IPO price of Rs 155 per share on BSE. Market cap of the firm rose to Rs 3,990 crore.

Nifty futures on the NSE International Exchange traded 21.50 points, or 0.10 per cent, lower at 21,814.50, hinting at a negative start for the domestic market on Tuesday

India's benchmark Nifty 50 index hit an all-time high for the fifth time this year on Friday, led by gains in Reliance Industries and IT stocks, and as the government's fiscal prudence in its budget also boosted sentiment.

Stocks to watch: Check out the companies making headlines before the opening bell today, on February 2, 2024.

A short build-up was seen in 79 stocks including Indus Towers, India Cements, ABB India, Larsen & Toubro, and Deepak Nitrite.