Mumbai: After a record 31 initial share sales in the first half of this fiscal, the IPO pipeline looks strong with 28 firms eyeing to raise ₹38,000 crore in the second half and another 41 awaiting Sebi’s nod to launch initial public offerings worth ₹44,000 crore, a report said. Fund raising through initial public offerings…
Continue ReadingRBI Meeting 2023: The central bank has stuck to “withdrawal of accommodation” stance to ensure inflation progressively aligns with the MPC’s target while remaining supportive of growth, governor Shaktikanta Das has said OMO is a term which refers to the purchase or sale of government securities in the open market by the central bank. The…
Continue ReadingYes Bank stock has given a return of 12.46 percent over the last six months. The benchmark Bank Nifty index has given a return of 8.29 percent over the same duration. Shares of Yes Bank jumped nearly 2 percent in trade on October 4, post reporting a 17.2 percent growth in Q2 deposits. At 9:51…
Continue ReadingThe initial share sale received bids for 1,65,77,925 shares against 76,23,030 shares on offer, as per NSE data. The Initial Public Offering (IPO) of pharmaceutical ingredient manufacturing firm Valiant Laboratories was subscribed 2.17 times on the third day of bidding on Friday. The initial share sale received bids for 1,65,77,925 shares against 76,23,030 shares on…
Continue ReadingShares of Delhi NCR-based housing company Signature Global made a decent debut at 15.58 percent premium on the NSE and BSE on September 27. The stock started trading at Rs 444 on the NSE and Rs 445 on the BSE, against issue price of Rs 385 per share. V.S.T. Tillers Tractors has incorporated a Joint…
Continue ReadingIT 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%…
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