Page 1456 - Markets News

What is a follow-on public offer?

FPO, or follow-on public offer, is one of the many means through which corporates finance their expansion plans, or pare debt. We explain what is a FPO, and if investors should subscribe to it

VA Tech Wabag surges 10% in two days, nears 52-week high on stable outlook

The company has strong revenue visibility with an outstanding order book as on 30 September 2022 of about Rs 9,200 crore (FYE22: RS 9,800 crore), which is around 3x of its annual revenue of FY22.

Laurus Labs hits 52-week low, tanks 7% on margin concerns

Laurus has witnessed severe pricing pressure and lower volumes in its ARV formulations portfolio for five quarters now, resulting in significant pressure on core margins, say analyst.

Stocks to Watch: HCL Tech, Lupin, Fusion Micro Fin, Five-Star, NBCC, PNB

Stocks to Watch Today: Newly listed Fusion Micro Finance and Five-Star Business are likely to be in focus on the back of strong Q2 performance reported by the companies.

Here's why Mehul Kothari recommends to Buy Kothari Sugars, IEX

The technical analyst from Anand Rathi expects Kothari Sugars to rally to Rs 46.50, while Indian Energy Exchange can surge to Rs 160.

Raymond, Coal India: Over 60% of Nifty500 stocks trade above 200-DMA

Given the recent underperformance of the mid-and small-caps compared to their larger peers, analysts expect these two market segments, especially the small-caps, to catch up now

Indices log new record highs buoyed by RIL; Sensex rises 211 points

3.5% jump in RIL lifts indices; Nifty crosses 2021 intra-day high

Over Rs 5,000-cr IPOs may hit mkts in Dec as investor sentiment perks up

Primary market momentum seen sustaining in an otherwise 'lacklustre' month

Sebi gives nod to appointment of Ramamurthy as MD & CEO of BSE

Ramamurthy is currently the Chief Operating Officer-India at Bank of America

Sensex can hit 80,000 by December 2023 in bull-case, says Morgan Stanley

As their base-case, however, Morgan Stanley sees the S&P BSE Sensex to scale up to 68,500 levels - up 10 per cent from the current levels.

Budget wish list: Brokers body wants STT rebate, Rs 1 lakh STCG exemption

Also seeks relaxations in set-off provisions for carry forward business loss

Drop in share of advisory assets in PMS funds during past 12 months

Overall PMS assets have been on the rise amid buoyant markets

Blocked 700 crypto accounts between April-Sep over irregularities: WazirX

The crypto exchange received 828 requests from law enforcement agencies, of which 764 were Indian and 64 were foreign

Dharmaj Crop IPO subscribed 1.8x on Day-1, QIB portion not fully covered

Retail, HNI fully covered, institutional investor portion subscribed 35%

Settlement scheme to be extended for 150 brokers from December 19

The scheme ends on January 19, 2023; terms and conditions will be made available on date of commencement

Sensex ends at record closing, rises 211 pts; Nifty holds 18,550; RIL up 3%

CLOSING BELL: The S&P BSE Sensex hit a fresh life-time high at 62,701, and the Nifty 50 registered a fresh summit at 18,614 on Monday

MSTC hits 20% upper circuit, counter logs volume of over 8% of total equity

A combined 5.83 million equity shares representing 8.3 per cent of total equity of the company had changed hands at the counter on the NSE and BSE so far.

Tyre stocks on a roll; Apollo Tyres hits record high, Ceat 52-week high

The raw material (RM) and other input costs have started softening after a long spell of unprecedented increase, which is likely to improve margins in the medium term for tyre companies

Reliance Industries surges 3%, trades at five-month high

Shares of Reliance Industries were trading higher for the third straight day, and have gained 5.4 per cent during the period.

IEX falls 2% as board approves Rs 98 crore share buyback via open market

The board approved buyback of equity shares of the company at a price not exceeding Rs 200 per share and not exceeding Rs 98 crore through the open market