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Fund Performance

Govt-owned WAPCOS files draft papers for public issue

The company engaged in engineering consultancy services and construction has ongoing projects in 30 countries. Some of its listed peers in the segment are Ircon International, Rites, Engineers India, NBCC, and VA Tech Wabag.
2022-09-27T06:25:58+05:30

Strong debut by Harsha Engineers, up 36% over IPO

Harsha Engineers International made a strong debut on Monday in a weak market, with its shares listing at ₹450 on the NSE, a premium of 36% over its issue price of ₹330.
2022-09-27T06:21:58+05:30

Swastik Pipe SME IPO to open on Sept 29, price band fixed at Rs 97-100

Swastik Pipes is promoted by Sandeep Bansal, Anupama Bansal, Shashwat Bansal and Geeta Devi Aggarwal. The company has been a leading manufacturer and exporter of T.T. Swastik Band high-quality mild steel/carbon steel ERW black and galvanized pipes/tubes since 1973.
2022-09-26T20:14:05+05:30

WAPCOS files DRHP with Sebi for IPO; govt to sell 3.25 crore shares

WAPCOS has ongoing projects in 30 countries and has been associated with over 455 overseas projects, both completed and ongoing. It was placed third among the top five Indian corporations for consulting services between 2017 and 2021. Some of its listed peers in the segment are Ircon International, Rites, Engineers India, NBCC, and Va Tech Wabag.
2022-09-26T12:39:27+05:30

After losing one-third of its GMP, will Harsha Engineers surprise investors on listing?

Shares of Harsha Engineers are losing steam in the grey market as sentiments turn sour in the secondary market. Over the issue price of Rs 330, the company's shares are being exchanged at a premium of Rs 160-165, which was Rs 240 at its peak.
2022-09-24T10:50:13+05:30

Harsha Engineers IPO: Harsha Engineers Grey market premium hints at 50% gain

The Rs 755-crore Harsha Engineers IPO comprises the issuance of fresh equity shares worth Rs 455 crore, whereas existing shareholders and promoters will offload Rs 300 crore from the stake via offer for sale (OFS). The price band for the share sale has been fixed at Rs 314-330 apiece.
2022-09-23T14:47:57+05:30

SoftBank slashes IPO-bound Oyo’s valuation to $2.7 billion

​Oyo, formally known as Oravel Stays Ltd., filed a fresh round of financial documents with India’s market regulator on Monday as it plans for a stock-market debut after cost cuts and recovery in travel helped it reduce losses.
2022-09-23T05:48:27+05:30

Automotive component firm Divgi Torqtransfer Systems files IPO papers with Sebi

Divgi is an automotive component entity which has the capability to develop and provide system level transfer case, torque coupler, and Dual Clutch Automatic Transmission (DCT) solutions. It has three manufacturing and assembling facilities located across India.
2022-09-22T18:11:12+05:30

Pepperfry looks to file draft IPO papers next quarter

Omnichannel furniture seller Pepperfry is looking to file its draft initial public offering (IPO) papers with the Securities and Exchange Board of India (Sebi) between October and December, and aims to list on the stock exchanges next year, according to a person aware of the matter."They are looking to file the draft red herring prospectus (DRHP) in the subsequent quarter," the source said, adding that the company would take a final call by November.
2022-09-22T05:47:24+05:30

Bank of America expects Indian IPO market to pick up within six months

“I think IPOs have taken a breather but it will be probably three to six months away from coming back,” Debasish Purohit, co-head of India investment banking at Bank of America, said in a Bloomberg Television interview on Wednesday. Some of last year’s IPO activity has more recently given way to sales of secondary shares, which are quicker and give holders a chance to monetize their stakes, Purohit said.
2022-09-21T14:36:54+05:30

Wall Street’s mysterious 2,200% IPOs come from tiny N.J. broker

The trend is eerily familiar to market participants in Hong Kong, which was a hotbed for mysterious moves in tiny stocks before a regulatory crackdown brought new offerings to a virtual halt. As small Chinese companies that might otherwise have listed in Hong Kong turn to the US as an alternative, Network 1 has emerged as one of the most active players in this growing corner of the market.
2022-09-20T14:25:42+05:30

Harsha Engineers IPO Allotment: Here's how to check allotment status & GMP

The Rs 755-crore Harsha Engineers IPO consists of the issuance of fresh equity shares worth Rs 455 crore, whereas existing shareholders and promoters will offload Rs 300 crore from the stake via an offer for sale (OFS).
2022-09-20T12:53:24+05:30

Inox Green Energy gets Sebi approval to float Rs 740-crore IPO

The company filed draft IPO papers with the capital market watchdog on June 20 this year, after which its received the update an observation letter from the regulator on September 13. Sebi’s observation letter is suggestive of the regulator’s go ahead for the public issue.
2022-09-20T09:06:17+05:30

Sebi keeps GoDigit IPO in abeyance

According to the draft documents, the company's customer base increased to 25.77 million in FY22 from 14.27 million in the year ago period. The group sold close to 7.76 million policies in FY22, compared to 5.55 million policies in FY21.
2022-09-20T06:16:20+05:30

Sebi puts Fairfax Group-backed Go Digit's IPO in 'abeyance'

In August, the Fairfax Group-backed company filed draft documents for its IPO, looking to raise Rs 1,250 crore from a fresh issue of shares and an offer for sale (OFS) of 109.4 million equity shares.
2022-09-19T18:40:19+05:30

SoftBank-backed Oyo seeks to resurrect IPO after growth resumes

Oyo and founder Ritesh Agarwal are trying to pull off a successful IPO after a series of setbacks in their efforts to change the hotel and lodging industry. SoftBank Group Corp. founder Masayoshi Son was an early and enthusiastic backer, and the Japanese conglomerate holds about 47% in the Gurgaon-based startup. The 28-year-old Agarwal owns about one third.
2022-09-19T11:07:07+05:30

Inox Green Energy plans to launch Rs 740-cr IPO in next 30-45 days: CEO Kailash Tarachandani

This is Inox Green Energy Services' second attempt to go public. In February, the company had filed the Draft Red Herring Prospectus (DRHP) for its proposed IPO with the markets regulator Sebi.
2022-09-19T09:35:19+05:30

As US IPO market sinks, listings head to China

Stock listings in Asia have raised $104 billion this year, accounting for a record 68% of global volume, data compiled by Bloomberg show. By contrast, US IPOs represent just 14% of the $153 billion fetched globally, the lowest ever for what has traditionally been the busiest listings market in the world.
2022-09-18T09:28:28+05:30

Harsha Engineers IPO gets 74.7 times subscription

The IPO was a mix of a fresh issue of shares aggregating to ₹455 crore and an offer for sale of up to ₹300 crore. On Tuesday, the company raised ₹226 crore from anchor investors ahead of its public issue by allotting 68.41 lakhs shares to institutions.
2022-09-17T10:03:44+05:30

Patanjali will launch at least 4 IPOs in next 5 years: Baba Ramdev

Following the announcement, shares of Patanjali Foods, which was earlier known as Ruchi Soya and eventually re-branded following the acquisition by Baba Ramdev-led Patanjali Ayurved, were trading 0.6 per cent higher at Rs 1,351 at 1 pm. The stock has rallied nearly 60 per cent year-to-date.
2022-09-16T13:25:09+05:30

Mankind Pharma files DRHP for Rs 5,500 crore IPO

The company’s initial public offering comprises an offer for the sale of 4 crore equity shares by the promoters and existing investors.The offer for sale comprises up to 1 crore shares by promoter Juneja family, up to 2 crore shares by Capital International, up to 99.65 lakh by Beige, and up to 50,000 equity shares by Link Investment Trust.
2022-09-16T12:20:22+05:30

Porsche IPO to comprise 911 million shares in nod to its most famous model

Investor roadshows are due to complete this Friday, several sources said, allowing time for senior executives to hold discussions over the weekend before opening the book building process early next week.
2022-09-16T11:16:41+05:30

TMB makes muted debut on listing day at IPO price

The IPO consisted of the fresh issue of 15.8 million shares. The Thoothukudi-based private lender allotted 71,28,000 equity shares to 10 anchor investors ahead of the IPO, raising ₹363.53 crore at ₹510 apiece.
2022-09-16T07:25:20+05:30

Govt drafts rules for IPOs of regional rural banks

RRB’s planning to make an initial public offering to raise capital must have at least Rs 300 crore of net worth for the previous three years, according to the draft guidelines, issued on Wednesday. They should also have their capital adequacy above the regulatory minimum level of 9%.
2022-09-15T16:50:01+05:30

Harsha Engineers IPO subscribed 4.32 times on day 2 so far

The company has reserved 50 per cent of the net offer for qualified institutional buyers (QIBs), whereas non-institutional buyers (NIIs) will get a 15 per cent allocation. Retail bidders will get the remaining 35 per cent allocation.
2022-09-15T13:28:55+05:30

Tamilnad Mercantile Bank shares list at 3% discount to IPO price

Incorporated in 1921, Tamilnad Mercantile Bank offers an array of banking and financial services to retail customers, micro, small, and medium enterprises (MSMEs), and more.
2022-09-15T10:02:20+05:30

CIEL HR services expects to file DRHP by Q1 of next fiscal: Official

"Very much (it is on track). First component is, we wanted to raise Rs 20 crore but we actually raised Rs 23 crore of which Rs 17 crore was through equity and Rs 6 crore by means of CCD (compulsory convertible debenture). Second, we are into private equity raise which is on track right now.
2022-09-14T19:36:28+05:30

Harsha Engineers IPO sails through on Day 1 of bidding process

The issue, which kicked off for subscription on Wednesday, September 14, can be subscribed till Friday, September 16. The company will be selling its shares in the range of Rs 314-330 apiece to raise Rs 755 crore via its initial stake sale.
2022-09-14T12:19:37+05:30

Harsha Engineers IPO kicks off: Should you subscribe?

The company is selling its shares in the range of Rs 314-330 apiece. It is offering a discount of Rs 31 per equity share to its eligible employees. The lot size for the issue has been fixed at 45 equity shares.
2022-09-14T10:06:41+05:30

Navi Technologies gets Sebi nod for initial public offering

Navi Technologies was issued the "observation letter" by Sebi on September 5, according to the latest update on the regulator's website.
2022-09-12T18:54:42+05:30

Sector leader Harsha Engineers' IPO makes for a good long-term bet

The operating margin of Harsha is stable and the pressure of higher raw material costs is passed through with a lag of around three months. The company’s return on equity (RoE) improved to 19% in FY22 from 6% in FY20 with increasing capacity utilization and improving product mix with higher diameter cages.
2022-09-12T13:57:12+05:30

Tamilnad Mercantile Bank IPO: Here's how to check allotment status and GMP

The company's Rs 832 crore primary offering was sold in the range of Rs 500-525 per equity share. The issue had received a muted response from all the categories of investors, subscribing 2.86 times between September 5-7.
2022-09-10T13:20:49+05:30

Harsha Engineers IPO to open Sep 14, price band set at Rs 314-330/Share

In the IPO, 50% of the shares will be reserved for qualified institutional buyers. Non-institutional bidders and retail individual bidders will be allotted 15% and 35%, respectively. Proceeds from the fresh issue of up to Rs 270 crore will be utilised for debt repayment, the company said.
2022-09-10T08:10:47+05:30

Harsha Engineers trades at 60% premium in grey market ahead of IPO

Ahmedabad-based Harsha Engineers has five manufacturing facilities with two facilities at Changodar and one at Moraiya, near Ahmedabad in Gujarat, and one manufacturing unit each at Changshu (China) and Ghimbav Brasov (Romania).It claims to have a 50 per cent market share in the organised segment of the Indian bearing cages market and a 5.2 per cent market
2022-09-09T15:16:05+05:30

A 100-year-old Indian bank set to raise $100 million amid curbs

The demand to invest in the Tamil Nadu-based bank hasn’t been deterred by minority shareholders’ objections and various curbs imposed on it. The lender needs permission from a high court to hold annual shareholder meetings and has been restricted by the central bank from opening new locations.
2022-09-09T10:42:57+05:30

Harsha Engineers IPO to open Sept 14; price band fixed

Harsha Engineering offers a diverse suite of precision engineering products across geographies and end-user industries, including automotive, aviation and aerospace, railways, construction, mining, renewable energy, agriculture and more. The company has five manufacturing facilities.
2022-09-09T08:47:34+05:30

Aprameya Engg files draft papers for IPO

Medical equipment manufacturer Aprameya Engineering has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering.
2022-09-09T07:03:48+05:30

More Retail plans to go the IPO way for growth

The IPO will allow Samara Capital an opportunity to dilute its 51% stake in the holding company of More Retail, Witzig Advisory Services. Samara Capital owns the stake through Samara Alternate Investment Fund. The balance 49% in Witzig is owned by Amazon through two entities - Coda Holdings Singapore and Coda Holdings LLC.
2022-09-09T05:29:01+05:30

Porsche listing sees huge interest, only some investors question dual role - Blume

Attracting interest from a broad range of investors was important, Blume said, declining to comment on what proportion of Porsche shares Volkswagen plans to offer to retail investors as part of the planned flotation.
2022-09-08T17:11:06+05:30

TMB's grey market premium shoots up; can it surprise despite muted response to IPO?

As of Thursday, shares of TMB were commanding a premium of Rs 20-25 in the unofficial market, which was Rs 3 a day ago, when the issue closed for subscription. Despite the rise, the premium is still less just five per cent compared to the IPO price.
2022-09-08T15:38:15+05:30

TMB public issue gets 2.86x bids on closing day

The public issue was sold in the price band of ₹500-525. The private lender raised ₹363.53 crore on Friday by allotting 71,28,000 shares to 10 anchor investors at ₹510 apiece.
2022-09-08T06:30:20+05:30

Dreamfolks lists with 55% gain over issue price

Analysts attribute the listing gains to the company's bright prospects and strong response from investors. "The company will be one of the biggest beneficiaries of the rising air travel in India, and due to its first mover advantage and dominant position in the lounge access market, the company is poised to grow exponentially in the future," aid Santosh Meena, head of research at Swastika Investmart.
2022-09-07T06:22:40+05:30

Inox Wind to become debt-free after IPO

The entire money thus raised will be used to retire debt, a statement from the company said on August 30.According to the DRHP, the entire proceeds from the IPO (Initial Public Offering) will also be used to retire debt and post-issue which will be entirely fresh issue of shares, the company will be net debt-free.
2022-09-06T20:50:33+05:30

Porsche IPO only off the table if severe geopolitical problems arise, CFO says

Volkswagen triggered a listing of sportscar brand Porsche late on Monday after months of deliberation, but cautioned the move was still subject to developments in capital markets.Some investors criticised the timing for a stock market debut, with European shares on a downward spiral, inflation at record highs and Russia halting gas supply to Europe through the main Nord Stream 1 pipeline.
2022-09-06T14:03:21+05:30

Vaibhav Jewellers files draft papers to mop-up funds via IPO

As per the Technopak report, in FY21, the company had an approximate market share of 14 per cent of the organised market. Other key players that have presence in Andhra Pradesh and Telangana are-- Tanishq, Kalyan Jewellers, Malabar Gold Pvt Ltd, GRT Jewellers and Joyalukkas.
2022-09-06T12:39:02+05:30

TMB IPO fully subscribed on Day 2 of bidding process

TMB is one of the oldest and leading old private sector banks in India with a history of almost 100 years. It has a loyal customer base as 79.78 per cent of its customers have been associated with the bank for a period of more than five years
2022-09-06T11:18:44+05:30

Sebi clears IPO of Concord Enviro

Going by the draft papers, proceeds from the fresh issue will be used for investment in the company's arm Concord Enviro FZE in relation to financing the construction of an assembly unit in Sharjah International Airport Free Zone.
2022-09-06T06:37:36+05:30

Blue Jet Health files papers for Rs 1,800-cr IPO

The public issue is entirely an offer-for-sale (OFS) of up to 21.7 million shares by the promoters and other shareholders to the tune of around ₹1,800 crore, said bankers. The company operates under the "Blue Jet" brand offering niche products targeted at innovator pharmaceutical companies and multinational generic pharmaceutical companies.
2022-09-06T06:25:08+05:30

Tamilnad Mercantile Bank IPO subscribed 83% on Day 1

The initial public offer of 1.58 crore equity shares is in a price range of ₹500-525 per share. Private sector lender Tamilnad Mercantile Bank on Friday mobilised a little over ₹363 crore from anchor investors. The issue will conclude on September 7. At the upper end of the price band, the bank is expected to mobilise ₹831.6 crore through the IPO.
2022-09-06T06:15:26+05:30

Swastik Pipes gets nod for NSE Emerge IPO

The company had recently filed a draft red herring prospectus (DRHP) with NSE Emerge.The company has been a leading manufacturer and exporter of TT Swastik Band high-quality Mild Steel/Carbon Steel ERW Black and Galvanized Pipes/Tubes since 1973. It has two plants in Haryana and Uttar Pradesh, with production capacity of 20,000 MT per month
2022-09-05T19:42:33+05:30
Corporate Radar: Bharat Gears to trade ex-bonus, LIC AGM and more

Manraj Housing Finance, Mercury Labs, LIC India, BCL Industries, MSTC, Morganite India, and United Credit will hold their AGMs. This shall be the 1st AGM of Insurance behemoth LIC. This week will also see Excel Realty’s bonus issue and stock split. Also, Pondy Oxides Ram Ratna Wires will go ex-bonus on September 28.
2022-09-27T08:27:39+05:30

The Dow is in a bear market. What does that mean?

On Wall Street, the terms "bull" and "bear" markets are often used to characterize broad upward or downward trends in asset prices. Many investors use the terms loosely, and analysts don't always share the same specific definitions, particularly about when to call the end of a bear market.
2022-09-27T08:20:09+05:30

Fed officials stare down markets, say inflation is top focus

This is going to be painful, she said, and unemployment will rise, but to bring down inflation, we are just going to have to move rates up and rates are going to be held higher for longer than we thought previously.
2022-09-27T08:05:25+05:30

Tesla's stock emerges as unlikely megacap rival to Apple

Apple has been rewarded with a premium valuation relative to the Nasdaq 100 that sits well above the iPhone maker’s average over the past decade, according to data compiled by Bloomberg. Yet at 23 times profit projected over the next 12 months, it’s still less than half the price of Tesla.
2022-09-27T08:04:58+05:30

Plunging pound pauses as investors await policy response

We should expect the pound to remain volatile in the week ahead as market participants await to see how policymakers in the UK respond to the loss of confidence in the pound and gilts,said Lee Hardman, currency analyst at MUFG Bank.
2022-09-27T07:14:25+05:30

Stock Market Live Updates: SGX Nifty signals a positive start; Tokyo stocks open higher

2022-09-27T07:10:31+05:30

Gold firms on dollar pullback, rate-hike jitters cap gains

Global economic growth is slowing more than it was forecast a few months ago in the wake of Russia's invasion of Ukraine, as energy and inflation crises risk snowballing into recessions in major economies, the OECD said on Monday.
2022-09-27T07:09:39+05:30

Stocks in the news: Amara Raja, Voda Idea, Mahindra Logistics, BSE and Embassy Office Parks

Battery firm Amara Raja Batteries has proposed a transaction to integrate the battery plastic component business of Mangal Industries into its fold through a scheme of arrangement.
2022-09-27T07:05:40+05:30

Oil prices steady on prospect of balancing supply after steep selloff

An easing of the U.S. dollar, which trades inversely with oil, helped to support prices. But while the U.S. dollar weakened in post-settlement trade, earlier on Monday it hit its strongest level since May 2002.
2022-09-27T06:36:17+05:30

Brookfield bets big on Greenko, looks to invest $1 billion

The investment could even go up to $1.25 billion at a potential $9-10 billion valuation and may either be in parent Greenko Energy Holdings (GEH) or subsidiary Greenko Zero C, said the people cited above. That will make Greenko the second-highest valued renewables company after Adani Green Energy Ltd.
2022-09-27T06:34:13+05:30

Wall Street ends lower, Dow confirms bear market

Confidence among stock traders was also shaken by dramatic moves in the global foreign exchange market as sterling hit an all-time low on worries that the new British government's fiscal plan released Friday threatened to stretch the country's finances.
2022-09-27T06:30:29+05:30

Reserved Bank: RBI sells fewer dollars despite new low

As two-year US treasury yields climbed past 4.1% to trigger algorithmic trades that wiped out ₹11 lakh crore of investor wealth in two days, the Reserve Bank tapped multiple platforms - the spot, futures and overseas derivative markets - to minimise the pace of depreciation in the local unit, dealers said.
2022-09-27T06:29:08+05:30

Govt-owned WAPCOS files draft papers for public issue

The company engaged in engineering consultancy services and construction has ongoing projects in 30 countries. Some of its listed peers in the segment are Ircon International, Rites, Engineers India, NBCC, and VA Tech Wabag.
2022-09-27T06:25:58+05:30

Strong debut by Harsha Engineers, up 36% over IPO

Harsha Engineers International made a strong debut on Monday in a weak market, with its shares listing at ₹450 on the NSE, a premium of 36% over its issue price of ₹330.
2022-09-27T06:21:58+05:30

63 Moons to stop tech services to MCX

The company said the software support and maintenance agreement between 63 Moons and MCX would end on September 30. As a result, MCX's right to use the exchange technology software with no access to the source code to rectify issues will be subject to any restriction the regulator may impose on the bourse, the filing said.
2022-09-27T06:13:02+05:30

BigBasket looks to raise $200 million at up to $3.5 billion valuation

“The company continues to grow 40% annually as projected earlier internally. This financial year ending March 2023, the company is expected to generate sales of $1.5 billion (net of discounts),” said one of the people cited above. ET had reported that it became the second vertical ecommerce player to have crossed gross sales of $1 billion in FY21.
2022-09-27T06:00:00+05:30

Stock Radar: This stock from large-cap space can help you earn good profits in 4-6 weeks

2022-09-27T06:00:00+05:30

Insurers may get to invest in non-dividend paying firms

Under the existing norms, only investment in listed companies that have paid a minimum 10% dividend for at least two consecutive years immediately preceding can be included in the approved category.
2022-09-26T23:52:38+05:30

Pharma firms may face legal action for unethical marketing practices

The committee is supposed to submit its report in 90 days. It has been tasked to examine the provisions of stakeholder departments with respect to pharmaceutical marketing practices and align the interventions for effective implementation among health care providers and industry. The committee will also examine the related issues on the requirement of "legally enforceable mechanism" for regulating marketing practices, including study of the practices across the globe".
2022-09-26T23:49:04+05:30

Jio may price 5G smartphone between Rs 8k and Rs 12k: Report

Reliance Jio is likely to price its 5G smartphone in the range of Rs 8,000 to Rs 12,000, once the company has achieved broad 5G coverage, in a bid to attract mass market 4G smartphone users, a report by Counterpoint Research said.
2022-09-26T23:34:35+05:30

Taking advantage of loophole, traders importing refined gold as platinum alloy

Nearly 22 tonnes of gold have been imported through this route, industry sources said, adding that it was causing a revenue loss of more than `400 crore for the government. The India Bullion &Jewellers Association (IBJA) has, meanwhile, written to the finance ministry, requesting to change the policy.
2022-09-26T23:21:42+05:30

Palm oil at 1-year low, but companies yet to pass on benefits

Companies including Hindustan Unilever, the market leader in several product categories, and Nestle have red-flagged steep inflation across core commodities as the single biggest factor impacting their bottom lines over the past one year.
2022-09-26T22:58:23+05:30

Ahead of Market: 10 things that will decide D-St action on Tuesday

Nagaraj Shetti, Technical Research Analyst, HDFC Securities, said, “the steep weakness continued in the market for the second consecutive session on Monday, and Nifty closed the day lower by 311 points. The short-term trend of the Nifty is sharply down, and the weakness is expected to continue for the next 1-2 sessions. The lower support area of 16,800 is expected to offer a base for the market in the short term”.
2022-09-26T22:17:36+05:30

RBI orders Sberbank to demonstrate compliance, rejects request

“The explanation provided by the bank in the matter was examined and the same was not found satisfactory,” the RBI wrote in a letter to the bank on September 13.
2022-09-26T21:39:04+05:30

Bank of England says it "will not hesitate" to raise rates

BRITAIN-BOE/ (UPDATE 1)UPDATE 1-Bank of England says it "will not hesitate" to raise rates
2022-09-26T21:37:34+05:30

Blackstone to sell 77 m units of Embassy REIT via block deal

The transaction would fetch the private equity firm around $ 325 million or Rs 2,660 crore at the floor price. The floor price has been fixed at Rs 345 per unit, a discount of 1.66% to Monday’s closing price of Rs 350.82.
2022-09-26T21:29:09+05:30

Sebi comes out with modalities for investment adviser applications

As per the provisions of investment advisers rules, the administration and supervision of Investment Advisers (IAs) has been delegated to BASL.
2022-09-26T21:01:02+05:30

Zee Media case: Sebi levies Rs 4 lakh fine on 25FPS Media for disclosure lapses

The order came after Sebi conducted an examination in the scrip of Zee Media Corporation for the period April 2019-2020.
2022-09-26T20:57:06+05:30

D-Street valuations quite expensive even without factoring in rate hikes: Kotak Institutional Equities

Primarily, valuations of consumption as well as investment stocks are way higher than historical levels. The market typically expects a fast normalization in respect of both interest rates as well as growth, the brokerage noted.
2022-09-26T20:53:11+05:30

Swastik Pipe SME IPO to open on Sept 29, price band fixed at Rs 97-100

Swastik Pipes is promoted by Sandeep Bansal, Anupama Bansal, Shashwat Bansal and Geeta Devi Aggarwal. The company has been a leading manufacturer and exporter of T.T. Swastik Band high-quality mild steel/carbon steel ERW black and galvanized pipes/tubes since 1973.
2022-09-26T20:14:05+05:30

Market Trading Guide: Tata Consumer among 5 stock recommendations for Tuesday

2022-09-26T20:06:49+05:30

BSE receives Sebi's final approval to launch EGR on its platform

Leading stock exchange BSE on Monday said it has received the final approval from the capital markets regulator Sebi for introducing the Electronic Gold Receipt (EGR) on its platform.
2022-09-26T19:50:35+05:30

Nifty finds no buyers at lower levels. What investors should do on Tuesday

A long bear candle was formed on the daily chart, which chart readers say indicate a sharp down-trended movement in the market. Nifty’s biggest support will be at 16,907, while 17,166 could be the resistance in the near term.
2022-09-26T19:44:28+05:30

Despite market mayhem, these 4 smallcaps that hit fresh 52-week highs on Monday

2022-09-26T19:33:23+05:30

Nifty Bank: Key levels to watch out for on Tuesday

The index breached its important support levels, and pullback rallies should be utilized to initiate fresh short positions. The higher-end resistance is visible at the 39,500-40,000 zone, and the next support is seen at the 38,000 level.
2022-09-26T19:20:24+05:30

Market Watch: Time to avoid risky bets

2022-09-26T19:14:00+05:30

Nasdaq rises as battered growth stocks show recovery signs

At 10:09 a.m. ET the Dow Jones Industrial Average was down 119.29 points, or 0.40%, at 29,471.12, the S&P 500 was up 3.43 points, or 0.09%, at 3,696.66 and the Nasdaq Composite was up 103.91 points, or 0.96%, at 10,971.84.
2022-09-26T19:09:28+05:30

6 smallcaps that turned multibagger in last 2 years, held by more than 10 MFs

2022-09-26T18:51:06+05:30

Tech View: Nifty50 breaks below 50-DMA; It is officially a ‘sell on rise’ market, caution experts

The Nifty50 index plunged by more than 1 per cent for the second consecutive day in a row, and it looks like the index officially entered a ‘sell on rise’ zone.Crucial support for the index is at 200-DMA around 17,000, then at 16,800, while 17,200-17,500 will likely act as a hurdle, suggest experts. A pullback could be on the cards as the index is trading close to oversold levels.
2022-09-26T18:37:19+05:30

Gold gains Rs 138; Silver jumps Rs 224

Gold prices in the national capital rose by Rs 138 to Rs 49,786 per 10 grams on Monday, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 49,648 per 10 grams.
2022-09-26T18:14:40+05:30

Navratri Special pick by Religare Broking: HCL Tech could give nearly 50% return in next 1 year

Apart from their capabilities, HCL has partnerships with Amazon Web Services (AWS), IBM, Microsoft, Google (for cloud), Dell, CISCO, Adobe, etc. to provide solutions to clients in their digital journey.The company earned 88 per cent revenue in FY22 from services and reported a CAGR growth of 10.6 per cent in FY20-22.
2022-09-26T17:46:12+05:30

Gainers & Losers: Suzlon Energy among 5 stocks that hogged limelight on Monday

2022-09-26T17:35:49+05:30

D-St indices give positive returns in 8 out of last 10 years in festive season! What’s in store this year

In the last one decade, BSE Sensex, Nifty and BSE500 index have delivered negative returns only once. On the other nine instances, the benchmark indices and broader market barometers have settled flat to higher by up to 9 per cent.The exception came in the year 2015 (October 12 to November 11), when BSE Sensex and Nifty50 tanked 4 per cent each, whereas the BSE500 index dropped 3 per cent during the period.
2022-09-26T17:33:12+05:30

Share market update: Most active stocks in today's market in terms of volume

The NSE Nifty index closed 311.05 points down at 17016.3
2022-09-26T17:26:46+05:30

Stock market update: Sugar stocks down as market falls

The 30-share BSE Sensex closed down 953.7 points at 57145.22
2022-09-26T17:21:39+05:30

Stock market update: Fertilisers stocks down as market falls

The 30-share BSE Sensex closed down 953.7 points at 57145.22
2022-09-26T17:01:23+05:30

Sebi penalises 19 persons for fraudulent trading in Global Infratech and Finance shares

The regulator conducted an investigation in the scrip of Global Infratech and Finance Ltd (GIFL) for the period December 2017 to February 2018 to ascertain any violations of PFUTP (Prohibition of Fraudulent and Unfair Trade Practices) norms.
2022-09-26T16:58:58+05:30

Augmont Gold enters 'sell old Gold' business

It is the first corporate mover in the direction, and aims to provide a fully transparent and digital process for the customers, acknowledging the purity of the gold being sold.In India, end-users do not have a transparent mechanism to sell their gold and eventually sell the physical gold at lower prices. Customers usually sell gold at the shop they procured it from.
2022-09-26T16:56:36+05:30

Stock market update: Nifty IT index advances 0.57%

The Nifty IT index closed 0.57 per cent up at 26743.65.
2022-09-26T16:56:14+05:30

Kaustubh Pawaskar on stocks that will benefit from fall in palm oil and crude prices

“The key beneficiary of decline in the palm oil prices are the soap manufacturers like HUL and Godrej Consumer Products. Also, companies like Britannia and other food companies will gain from the decline in the palm oil prices. In terms of falling crude prices, crude derivatives, paint companies are expected to gain because crude has fallen from levels of $120 to $86 now. ”
2022-09-26T16:44:56+05:30

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