Page 109 - Latest Updates on Stock Market
Who's fairest of them all? In fund managers' mirror, both small & midcaps
INOX Wind, BSE, and RPG Life Sciences have entered the landscape of equity MFs' holdings
 "Who's fairest of them all? In fund managers' mirror, both small & midcaps")
NSE to introduce IRRA platform to address technical glitches, outages
The IRRA will be accessible to trading members across exchanges starting from October 3, 2023, according to an NSE circular
 "NSE to introduce IRRA platform to address technical glitches, outages")
Midcap stocks have room to correct; buy the dips: Chris Wood
Thus far in calendar year 2023 (CY23) the Nifty Midcap 100 index has surged 29 per cent, as compared to 11 per cent gain in the Nifty 50
 "Midcap stocks have room to correct; buy the dips: Chris Wood")
Everstone Capital sells 25.3% stake in Burger King owner for Rs 1,494 crore
A promoter of Restaurant Brands Asia, which owns Burger King brand in India, on Friday divested a 25.3 per cent stake in the firm for Rs 1,494 crore through an open market transaction.
 "Everstone Capital sells 25.3% stake in Burger King owner for Rs 1,494 crore")
Sensex extends winning run into 11th day, gains 320 pts; Nifty nears 20,200
CLOSING BELL ON SEPTEMBER 15, 2023: The BSE Sensex hit a new life-time high at 67,927, and the Nifty registered a peak at 20,222 on Friday
 "Sensex extends winning run into 11th day, gains 320 pts; Nifty nears 20,200")
Mahindra & Mahindra surges 3%; market cap touches Rs 2 trillion-mark
Along with a strong order book in the SUV segment and a leading position in the domestic tractor segment, M&M is now gradually introducing its global portfolio to expand its addressable market
 "Mahindra & Mahindra surges 3%; market cap touches Rs 2 trillion-mark")
Oil India share jumps 6%, rebounds to 1-year high after 3 weeks: Read why
With crude crossing $94 per barrel, upstream companies like OIL will benefit from higher net crude realisations; company also exploring ways to repatriate its dividends worth $150 million from Russia
 "Oil India share jumps 6%, rebounds to 1-year high after 3 weeks: Read why")
Bajaj Auto zooms 5% to hit new high, tops Rs 5000 on BofA's double-upgrade
Thus far in the calendar year 2023, the stock price of Bajaj Auto has appreciated by 41%, as compared to a 10.7% rise in the S&P BSE Sensex and a 27.7 per cent surge in the S&P BSE Auto index
 "Bajaj Auto zooms 5% to hit new high, tops Rs 5000 on BofA's double-upgrade")
Restaurant Brands Asia rallies 13%, hits 52-week high on large block deal
Around 125.44 million equity shares representing 25.36 per cent holding worth of Rs 1,494 crore of Restaurant Brands Asia changed hands on the NSE, exchange data shows
 "Restaurant Brands Asia rallies 13%, hits 52-week high on large block deal")
Stocks to Watch today, Sep 15: Infosys, Airtel, BoM, GMM Pfaudler, Sequent
Stocks to watch on Friday, September 15, 2023: Buzzing today - Infosys secures a $1.5 bn global deal, GMM Pfaudler inks $7 mn acquisition and RBI places 15 NBFCs in top layer.
 "Stocks to Watch today, Sep 15: Infosys, Airtel, BoM, GMM Pfaudler, Sequent")
Sai Silks sets Rs 210-222 per share price band for Rs 1,201 crore IPO
At Rs 210 a share price band, the floor price 105 times and the cap price is 111 times the face value of the shares
 "Sai Silks sets Rs 210-222 per share price band for Rs 1,201 crore IPO")
 "Meet Warren Buffett of India - Value Investor, Manish Goel")
Realty firm Signature Global sets IPO price band at Rs 366-385 per share
Signature Global, which is based out of Delhi-National Capital Region, will hit the capital markets on September 20 with its IPO to raise Rs 730 crore. The offer will close on September 22
Sensex, Nifty end flat after hitting record highs; broader indices gain 1%
Closing Bell on September 14, 2023: Sectorally, the Nifty PSU Bank index gained 1.64 per cent, the Nifty Metal index added 1.5 per cent, and the Nifty Realty eked out gains of 1.4 per cent
 "Sensex, Nifty end flat after hitting record highs; broader indices gain 1%")
With 71% jump in 4 days, this PSU stock is at its highest level since 1994
Shares of ITI Limited rallied 7% to Rs 212.45, its highest level since February 1994, on the back of heavy volumes
 "With 71% jump in 4 days, this PSU stock is at its highest level since 1994")
JSW Infra's IPO to open on Sept 25, comprises fresh issue of Rs 2,800 cr
JSW Infrastructure's issue will conclude on September 27, while the bidding for the anchor investors will open on September 22, according to the Red Herring Prospectus
 "JSW Infra's IPO to open on Sept 25, comprises fresh issue of Rs 2,800 cr")
JSW Infra's IPO to open on Sept 25, comprises fresh issue of Rs 2,800 cr
JSW Infrastructure's issue will conclude on September 27, while the bidding for the anchor investors will open on September 22, according to the Red Herring Prospectus
Sensex up for a ninth day, Nifty closes 20,000 for the first time
Market analysts remain cautious as US inflation data surpasses expectations, raising concerns about the Fed's future actions
 "Sensex up for a ninth day, Nifty closes 20,000 for the first time")
Coffee Day up 20%, hits upper circuit limit after settlement with creditor
The stock rallied 19.77 per cent to settle at Rs 51.26 apiece on the BSE. During the day, it jumped 20 per cent to Rs 51.36 -- its upper circuit limit
 "Coffee Day up 20%, hits upper circuit limit after settlement with creditor")
Cipla on the block: Who's a better fit and what it means for shareholders?
As per IIFL Securities, Cipla with a dominating market share of 7% and 23% in acute therapies like respiratory and anti-infectives, respectively, would strengthen Torrent's position in these
 "Cipla on the block: Who's a better fit and what it means for shareholders?")