Page 79 - Latest Updates on Stock Market
eMudhra hits fresh high; zooms 60% in 2 months on healthy outlook
In January 2024, eMudhra raised Rs 200 crore through a qualified institutional placement (QIP). The company issued 4.74 million equity shares at a price of Rs 422 per share
 "eMudhra hits fresh high; zooms 60% in 2 months on healthy outlook")
Krystal Integrated Services lists at 11% premium over its issue price
At 10:01 am; Krystal was quoting at Rs 784.75, after hitting a low of Rs 764.65 on the BSE in intra-day trade. A combined 2.5 million equity shares changed hands on the NSE and BSE
 "Krystal Integrated Services lists at 11% premium over its issue price")
India block trades raise $7.1 billion, headed toward best qtr in 14 yrs
India's equity capital markets have been running hot for the past year as its stocks climb to record highs and foreign investors pile in amid a rotation away from China
 "India block trades raise $7.1 billion, headed toward best qtr in 14 yrs")
Stocks to Watch on March 21: Wipro, TVS Motor, Torrent Power, RVNL, Krystal
Stocks to Watch on March 21, 2024: Exicom Tele-Systems, Platinum Industries will release their Q3 results today
 "Stocks to Watch on March 21: Wipro, TVS Motor, Torrent Power, RVNL, Krystal")
Investor desire for buybacks, dividends highest in 9 years: BofA Securities
40 per cent of respondents surveyed by BofA (62 per cent in December 2023) now expect bond yields across the globe to head lower in the next 12 months
 "Investor desire for buybacks, dividends highest in 9 years: BofA Securities")
Trust Fintech sets IPO price band at Rs 95-101 per share; to open on Mar 26
The Initial Public Offer (IPO) will open on March 26 and conclude on March 28. The anchor portion will be opened on Friday, the company said in a statement
 "Trust Fintech sets IPO price band at Rs 95-101 per share; to open on Mar 26")
This electrical equipment stock has catapulted over 8000% in 4 years
The joint venture between CG Power, Renesas Electronics Corp and Stars Microelectronics (Thailand) will set up an outsourced semiconductor assembly and test (OSAT) facility in India
 "This electrical equipment stock has catapulted over 8000% in 4 years")
Sapphire Foods at new high; soars 18% in 4 days as large funds raise stake
On March 7, 2024, HDFC Mutual Fund acquired 1.45 million equity shares, representing 2.28 per cent of Sapphire Foods, via open market
 "Sapphire Foods at new high; soars 18% in 4 days as large funds raise stake")
Stocks to Watch on March 20: Voda Idea, JK Cement, TCS, Star Health, IFCI
Stocks to watch on March 20, 2024: ATC Telecom has asked Vodafone to convert the former's optionally convertible debentures worth Rs 1,440 crore into equity shares of the telecom company
 "Stocks to Watch on March 20: Voda Idea, JK Cement, TCS, Star Health, IFCI")
Nvidia shares decline as investors look out for details on new AI chip
Shares of the world's third most-valuable firm dropped about 1.4% to $872, with some analysts saying investors had already factored in the unveiling of the B200 Blackwell chip
 "Nvidia shares decline as investors look out for details on new AI chip")
China's stock watchdog fines Evergrande, slaps lifetime ban on its chairman
The company said in a release to mainland Chinese stock exchanges late Monday that its chairman, Hui Ka Yan, was fined 47 million yuan ($6.5 million) and banned from China's markets for life
 "China's stock watchdog fines Evergrande, slaps lifetime ban on its chairman")
REC board approves third interim dividend of Rs 4.5 per share for 2023-24
Earlier, the company has already announced two interim dividends, totalling Rs 6.5 per share for the current fiscal
 "REC board approves third interim dividend of Rs 4.5 per share for 2023-24")
Sensex sinks 736pts, Nifty tests 21,800 in broad-selling; IT index sheds 3%
Stock market highlights on Tuesday, March 19: TCS was the biggest laggard on the benchmark indices, down 4 per cent after Tata Sons likely sold about 0.6 per cent stake in the company
 "Sensex sinks 736pts, Nifty tests 21,800 in broad-selling; IT index sheds 3%")
Better growth supports the case for small-caps in Asia: Jefferies
Small-caps in Asia, Jefferies said, have done well since 2001, with an excess return of 216 per cent versus the large-caps
 "Better growth supports the case for small-caps in Asia: Jefferies")
JBM Auto surges 10% as arm bags Rs 7,500 cr order for 1,390 electric buses
The order will be executed within 12-18 months. At 11:10 am; JBM Auto was trading 6 per cent higher at Rs 1,987, as compared to a 0.86 per cent decline in the S&P BSE Sensex
 "JBM Auto surges 10% as arm bags Rs 7,500 cr order for 1,390 electric buses")
Stocks to Watch: TCS, Aditya Birla Sun Life, L&T Finance, Tata Steel, SBI
Stocks to Watch on March 19, 2024: Tata Sons is set to divest a 0.65 per cent stake in in TCS on Tuesday in the open market, according to a term sheet. It will offload 23.4 million shares
 "Stocks to Watch: TCS, Aditya Birla Sun Life, L&T Finance, Tata Steel, SBI")
Nasdaq resolves glitch that impacted trading; downtime lasted around 2 hrs
The Nasdaq is home to thousands of stocks, including those of iPhone maker Apple, electric vehicle-maker Tesla and semiconductor powerhouse Nvidia
 "Nasdaq resolves glitch that impacted trading; downtime lasted around 2 hrs")
Krystal Integrated Services' IPO subscribed 13 times on last day of offer
The initial share sale received bids for 3,96,26,200 shares against 29,99,448 shares on offer, as per NSE data
BAT starts $2 billion buyback after selling part of its stake in ITC
The London-listed company said it will purchase £700 million of its shares in 2024 and £900 million by the end of 2025
 "BAT starts $2 billion buyback after selling part of its stake in ITC")
Anup Engg surges 15% as board mulls bonus share; zooms 110% so far in FY24
Since April 2023, so far in the financial year 2023-24, the stock price of Anup Engineering more than doubled or zoomed 110 per cent
 "Anup Engg surges 15% as board mulls bonus share; zooms 110% so far in FY24")