IT major Infosys will announce its second-quarter results on October 12. The Board will also consider a proposal to declare an interim dividend for FY24. “The financial results and proposal for interim dividend, if any, will be presented to the Board of Directors on October 12 for their approval,” the company said in a filing.…
Continue ReadingJSW Infra has reserved 10 percent of the offer for retail investors, 75 percent for qualified institutional buyers, and 15 percent for non-institutional investors JSW Infrastructure has set a price band of Rs 113-119 per share for its initial public offering, which is opening on September 25. The offer comprises only a fresh issue by…
Continue ReadingThe initial public offer (IPO) of wires and cable maker RR Kabel, which opened for subscription on Wednesday and closes on Friday, looks to raise Rs 1,964 crore via the initial stake sale. Analysts advised investors to subscribe to the issue as the company is well placed within the industry and has the scope to…
Continue ReadingAs India stole the show at the just-concluded G20 Summit held in New Delhi for the first time, investors were left elated as the announcements not only improved the outlook of certain sectors but the high-profile event also worked as a PR exercise for Prime Minister Narendra Modi’s popularity ahead of the Lok Sabha elections…
Continue ReadingThe G20 summit gave another reason for multibagger railway stocks to fly off the charts and rally up to 15%. PSU rail stock IRCON International, which has already doubled investors’ wealth in the last 6 months, rallied up to 15% on Monday to hit a fresh 52-week high at Rs 154.65. IRFC shares zoomed 10%…
Continue ReadingThe initial public offer of water and sewage infra player EMS opened for public subscription. The issue, which closes on September 12, comprises a fresh equity issue of Rs 146 crore and an OFS of 82.94 lakh shares. Analysts advised investors to subscribe to the IPO over fair valuations, robust order book, and strong execution…
Continue ReadingInox India Ltd has filed draft papers with Securities Exchange Board of India to raise funds via initial public offerings. Cryogenic tank maker Inox India Ltd has filed the draft papers with the Securities Exchange Board of India to raise funds through a public issue. The IPO will be a pure offer-for-sale of up to…
Continue ReadingThe selling pressure seen in Reliance Industries shares last week makes it evident that investors are not expecting Mukesh Ambani to make some big-bang announcement at today’s annual general meeting (AGM) of RIL. But if the billionaire reveals the roadmap for any further value-unlocking exercise, it could change the stock’s trajectory in the near term.…
Continue ReadingShares of Jio Financial Services were locked in the lower circuit of 5% for the third straight session on Wednesday, trading at Rs 224.65, amid continued selling by institutional investors. In three days, the market value of the subsidiary of Reliance Industries has eroded by more than Rs 23,700 crore. The traded volumes of 2.3…
Continue ReadingJio Financial Services will primarily operate in the NBFC market and credit market segments and has strategic plans to expand its operations into insurance, digital payment, and asset management verticals. Jio Financial Services debuted on the stock exchanges on August 21, listing at Rs 265 – close to the discovered price of Rs 261.85. The…
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