A 5-year swing high represents the highest price a stock has achieved within a five-year period.
So, one important factor in India is that we are a country with a young population. We have almost 65 crore-plus smartphone users, almost 75 crore people have access to the internet, and 100 crore-plus have mobile phone connections. So, these are important indicators of where the industry is moving—towards data consumption.
Prime Minister Narendra Modi congratulated Dharambir and Pranav Soorma for winning gold and silver medals in the men's club throw F51 final at the Paris Paralympics. This achievement adds to India's impressive medal tally, which includes recent wins in javelin throw, high jump, para archery, air rifle shooting, and para badminton.
BJP MLA Rajkumar Imo Singh has called for banning the Kuki group Indigenous Tribal Leaders Forum (ITLF), alleging they are receiving financial aid to buy lethal drones and ammunition. The ITLF has denied these claims, calling the evidence fake. Other organizations have also condemned the allegations as false.
Boss Packaging Solutions' IPO, priced at Rs 66, is set to list with an 18% gain on September 6. The SME IPO, subscribed over 100 times, is a fresh equity sale of 12.74 lakh shares. The proceeds will fund machinery, working capital, and corporate expenses. The company saw revenue rise from Rs 5.4 crore to Rs 12.17 crore and profit from Rs 41 lakh to Rs 1.01 crore.
A team from Bhagwan Mahaveer Viklang Sahayata Samiti (BMVSS) is conducting fitment camps in Manipur to aid Persons with Disabilities, including victims of recent strife. The camps provide artificial limbs and other aids free of cost. Similar initiatives have been held in Chhattisgarh's disturbed areas.
Prestige Estates Projects Ltd has raised Rs 5,000 crore through a Qualified Institutional Placement by selling equity shares to institutional investors. The company allocated nearly 3 crore shares at Rs 1,674 each, a discount on the floor price. Despite recent declines in profit and sales bookings, Prestige remains optimistic about future project launches.
Union Minister of Civil Aviation Ram Mohan Naidu Kinjarapu announced plans to extend the Regional Connectivity Scheme (RCS)-UDAN for another 10 years. The government aims to increase the number of airports from 157 to 400 by 2047 and make India a global hub for aircraft manufacturing.
PN Gadgil Jewellers has set a price band of Rs 456-480 per share for its Rs 1,100-crore IPO, opening on September 10. The funds will be used for new stores, debt repayment, and corporate purposes. The company is expanding rapidly with significant revenue growth and profitability improvements.
