Latest news with #MukulAgrawal
Time of India
5 days ago
- Business
- Time of India
Tata Steel shares rise marginally after $125.25 million equity infusion in T Steel Holdings
Shares of Tata Steel Ltd shares nearly a per cent to an intraday high of Rs 161.55 after the company announced a substantial equity investment in its wholly owned foreign subsidiary, T Steel Holdings Pte. Ltd (TSHP), amounting to $125.25 million. 'This is further to our disclosures dated May 12, 2025 and June 25, 2025 regarding infusion of funds by Tata Steel Limited ('Company') by way of subscription to equity shares of T Steel Holdings Pte. Ltd ('TSHP'), a wholly owned foreign subsidiary of the Company,' the company said in its filing to the stock exchanges. In a regulatory filing, Tata Steel informed the exchanges that it has acquired 124,62,68,657 equity shares of TSHP, each having a face value of USD 0.1005. The total value of the subscription amounts to USD 125.25 million, or approximately Rs 1,073.63 crore. This move follows earlier disclosures made on May 12 and June 25 regarding the proposed infusion of funds. With this acquisition, TSHP will continue to operate as a wholly owned foreign subsidiary of Tata Steel. Also read: Multibagger smallcap stock shoots up by 43% in 3 days as Mukul Agrawal buys 5 lakh shares Tata Steel share price performance Over the past two years, the shares of Tata Steel have delivered a gain of 39.27%. However, on a one-year basis, it has declined by 4.38%. Year-to-date (YTD), the stock is up by 17.48%. In the last six months, it has gained 26.10%, while the three-month and one-month returns stand at 26.30% and 3.18% respectively. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Economic Times
5 days ago
- Business
- Economic Times
SBI Shares in focus as bank schedules July 16 board meeting to discuss fundraising plans
Shares of the State Bank of India (SBI) are likely to be in focus on Friday, as the bank has announced its upcoming board meeting, scheduled for next week, to consider fundraising plans. The country's largest lender has informed stock exchanges that a meeting of its Central Board is expected to be held on Wednesday, July 16. ADVERTISEMENT In a regulatory filing, SBI stated that the board will consider and seek approval for raising funds during the financial year 2025–26 (FY26) through the issuance of Basel III-compliant capital bonds denominated in Indian Rupees (INR). 'In compliance with Regulation 29 (1), Regulation 50 (1) and other applicable provisions of the SEBI (LODR) Regulations, 2015, we inform that a meeting of the Central Board of State Bank of India is scheduled to be held on Wednesday, 16th July 2025, inter alia, to consider and seek approval for raising funds during FY26 by way of issuance of Basel III compliant capital bonds in INR,' the company said. According to previous reports by ET, SBI is preparing to sell as much as Rs 25,000 crore ($2.9 billion) of shares to institutional investors as soon as next weekThis could be the nation's biggest deal of its kind. If fully subscribed, the qualified institutional placement (QIP) would become the largest ever in India, surpassing Coal India's Rs 22,560 crore offering in 2015, according to Bloomberg data. The share sale was approved by the bank's board in May. ADVERTISEMENT On Thursday, the shares of SBI closed flat at Rs 808 on the BSE. Also read: Multibagger smallcap stock shoots up by 43% in 3 days as Mukul Agrawal buys 5 lakh shares (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Time of India
5 days ago
- Business
- Time of India
Adani Green Energy shares in focus as operational capacity jumps 45% YoY in Q1 update
Shares of Adani Green Energy Ltd (AGEL) are expected to be in the spotlight on Friday, July 11, after the company reported a robust operational performance for Q1 FY26, driven by significant capacity additions and higher energy sales . AGEL's operational renewable energy capacity rose by 45% year-on-year (YoY) to 15.8 GW, with 4.9 GW added over the past year. The company also commissioned 1.6 GW of greenfield renewable energy capacity in the first quarter alone, reinforcing its position as the largest operational RE player in India. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Dukung Orang Terkasih Menghadapi Limfoma: Mulai Di Sini Limfoma Baca Undo During the same period, the company's sale of energy increased by 42% YoY to 10,479 million units in Q1 FY26, supported by this strong capacity expansion. AGEL also noted a steady growth in generation at a CAGR of 45% over the last five years, with a growing share of merchant power in its portfolio. The company continues to generate electricity significantly above its committed levels under long-term Power Purchase Agreements (PPAs). Adani Green also reported solid capacity utilisation factors (CUFs) across its asset base: Live Events Solar portfolio CUF stood at 28%, with 99.3% plant availability. Wind portfolio CUF was at 42.3%, backed by 95.5% availability. Hybrid portfolio CUF came in at 43.9%, supported by 98.6% availability. In addition to the operational achievements, AGEL shared key sustainability milestones. The company now ranks first globally in the FTSE Russell ESG score in the Alternative Electricity subsector. It also received the 'Highly Commended Projects' title in the 'Low Carbon Energy Generation' category at the Reuters Global Energy Transition Awards 2025 and earned the highest ESG score in the power sector based on recent assessments by NSE Sustainability Ratings and Crisil ESG Ratings. AGEL also won the prestigious CII Performance Excellence Awards 2025 for its renewable energy plants. Also read: Multibagger smallcap stock shoots up by 43% in 3 days as Mukul Agrawal buys 5 lakh shares Adani Green Energy shares closed flat at Rs 995.60 on the BSE. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Economic Times
7 days ago
- Business
- Economic Times
Multibagger smallcap stock shoots up by 43% in 3 days as Mukul Agrawal buys 5 lakh shares
The shares of multibagger stock Monolithisch India, which delivered a whopping return of nearly 203% in just the last month, surged another 43.2% in the last 3 trading sessions to its new all-time high of Rs 443.30 on the NSE after ace investor Mukul Agrawal bought 5 lakh shares of the company. ADVERTISEMENT Today alone, the shares of Monolithisch India zoomed 10%. According to the company's shareholding pattern available on the NSE, Mukul Agrawal owns 5 lakh shares, representing 2.3% equity of the company at the end of the June 2025 quarter. The company's promoters and the promoter group hold a 73.6% stake, while the remaining 23.4% rests in the hands of the public per the latest corporate shareholdings filed, Mukul Agrawal publicly holds 62 stocks with a net worth of over Rs 6,754.7 crore, according to the data available on the end of the June quarter, Agrawal added 2 new stocks to his portfolio, according to the Trendlyne data. One of them is Jammu & Kashmir Bank, while the other one is Monolithisch India. ADVERTISEMENT The shareholding patterns of other companies where Mukul Agrawal holds a stake are still awaited. Also read: ICICI Prudential AMC files for Rs 10,000 cr IPO; entirely an offer for sale by Prudential Corp ADVERTISEMENT Monolithisch India was recently listed on the NSE SME platform in the month of June at a robust premium of 61.9% or Rs 88.5 over its issue price of Rs 143. Since its listing, the shares of the company have rallied by 91.5% from its listing price of Rs 231.50, while the IPO investors are enjoying an impressive return of 210%. ADVERTISEMENT Monolithisch India, established in August 2018, specializes in the production and supply of ramming mass, an essential heat-insulating material used in induction furnaces within the iron and steel company has shown consistent growth, increasing its client count from 43 in 2023 to 61 in 2025, indicating a growing market footprint. In FY25, Monolithisch India reported strong financial results, with revenue rising by 41% to Rs 97.49 crore and net profit jumping 70% to Rs 14.49 crore compared to the previous fiscal year. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
7 days ago
- Business
- Time of India
Multibagger smallcap stock shoots up by 43% in 3 days as Mukul Agrawal buys 5 lakh shares
The shares of multibagger stock Monolithisch India , which delivered a whopping return of nearly 203% in just the last month, surged another 43.2% in the last 3 trading sessions to its new all-time high of Rs 443.30 on the NSE after ace investor Mukul Agrawal bought 5 lakh shares of the company. Today alone, the shares of Monolithisch India zoomed 10%. According to the company's shareholding pattern available on the NSE, Mukul Agrawal owns 5 lakh shares, representing 2.3% equity of the company at the end of the June 2025 quarter. The company's promoters and the promoter group hold a 73.6% stake, while the remaining 23.4% rests in the hands of the public shareholders. As per the latest corporate shareholdings filed, Mukul Agrawal publicly holds 62 stocks with a net worth of over Rs 6,754.7 crore, according to the data available on Trendlyne. At the end of the June quarter, Agrawal added 2 new stocks to his portfolio, according to the Trendlyne data. One of them is Jammu & Kashmir Bank, while the other one is Monolithisch India. The shareholding patterns of other companies where Mukul Agrawal holds a stake are still awaited. Also read: ICICI Prudential AMC files for Rs 10,000 cr IPO; entirely an offer for sale by Prudential Corp Monolithisch India share price history Monolithisch India was recently listed on the NSE SME platform in the month of June at a robust premium of 61.9% or Rs 88.5 over its issue price of Rs 143. Since its listing, the shares of the company have rallied by 91.5% from its listing price of Rs 231.50, while the IPO investors are enjoying an impressive return of 210%. About Monolithisch India Monolithisch India, established in August 2018, specializes in the production and supply of ramming mass, an essential heat-insulating material used in induction furnaces within the iron and steel industry. The company has shown consistent growth, increasing its client count from 43 in 2023 to 61 in 2025, indicating a growing market footprint. In FY25, Monolithisch India reported strong financial results, with revenue rising by 41% to Rs 97.49 crore and net profit jumping 70% to Rs 14.49 crore compared to the previous fiscal year.
