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Ola, Orient Technologies IPO Will Open On Business Brief Business News Detailed

New Delhi17 minutes ago

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Yesterday’s big news was related to the rise in Ola Electric’s stock and the fall in Hindustan Zinc’s stock. After the launch of Ola Electric’s bikes, its stock rose by more than 20%. It has reached Rs 133. Ola’s stock has also received the first buy rating from brokerage firm HSBC.

At the same time, the stock of Hindustan Zinc Limited (HZL) fell by about 10% on Friday (August 16). The company’s stock closed at 518 points with a decline of 9.40%. Actually, Vedanta Group is selling its 3.17% stake in Hindustan Zinc through Offer for Sale (OFS).

Today’s headlines before tomorrow’s big news…

There is no change in the price of petrol and diesel today
The stock market will remain closed due to weekly holiday

Now read yesterday’s big news…

1. Ola Electric shares rose 20% to Rs 133: HSBC gave a target of Rs 140, Ola launched bikes yesterday

After the launch of Ola Electric bikes, its stock rose by 20% today. It has reached Rs 133. Ola’s stock has also received the first buy rating from brokerage firm HSBC.

Ola launched its first electric bike Roadster on August 15. The company introduced 3 models of the bike – Roadster, Roadster X, Roadster Pro – at its annual event ‘Sankalp 2024’.

Click here to read the full news…

2. Hindustan Zinc shares fell by about 10%: Vedanta is selling 3.17% stake in the company through OFS, due to this the shares fell

Shares of Hindustan Zinc Limited (HZL) fell by nearly 10% today (Friday, 16 August). The company’s stock closed at 518 points with a decline of 9.40%.

Actually, Vedanta Group is selling its 3.17% stake in Hindustan Zinc through Offer for Sale (OFS). Vedanta is selling shares of Hindustan Zinc at a price of Rs 486 in OFS, which is Rs 50 less than the current price of the company’s shares.

Click here to read the full news…

3. Orient Technologies IPO will open on August 21: Bidding will be done till August 23, retail investors can invest minimum ₹ 14,832

The initial public offering (IPO) of IT solution provider Orient Technologies will open next week on Wednesday (August 21). Investors will be able to bid for shares till August 23. The company wants to raise Rs 214.76 crore through this issue. For this, Orient will sell a total of 10,425,243 shares.

In this, 5,825,243 fresh shares worth Rs 120 crore and the existing investors of the company are selling 4,600,000 shares worth Rs 94.76 crore through Offer for Sale i.e. OFS. The company’s shares will be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on August 28.

Click here to read the full news…

4. Interarch Building Products IPO will open on August 19: The company wants to raise Rs 600 crore through this, opportunity to invest till August 21

The Initial Public Offer (IPO) of Interarch Building Products Limited will open on Monday, August 19. Investors will be able to bid for shares till August 21. The company’s shares will be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on August 26.

Through this issue, the company wants to raise a total of ₹ 600.29 crore. For this, Interarch is issuing 2,222,222 new shares worth ₹ 200 crore. At the same time, the existing investors of the company are selling 4,447,630 shares worth ₹ 400.29 crore through Offer for Sale i.e. OFS.

Click here to read the full news…

5. Moto g45 smartphone to launch on August 21: Features 6.5-inch LCD HD+ display, 50MP and 5000mAh; Expected price ₹16,000

Smartphone maker Motorola is going to launch a new smartphone ‘Moto g45 5G’ in the budget segment on August 21. The company has given information about its launch on its official website and social media platform X.

Motorola has provided a 6.5-inch LCD HD+ display, 50-megapixel primary camera based on quad pixel technology and Qualcomm Snapdragon 6s Gen 3 processor in this smartphone.

The company will bring the smartphone in three color options – Brilliant Blue, Viva Magenta and Brilliant Green. According to media reports, the price of the smartphone can be Rs 16,000. However, the company has not confirmed it.

Click here to read the full news…

Also see who were the top 10 richest people in the world yesterday…