Page 1628 - Markets News
Sebi amends rules to simplify procedure for transmission of securities
Sebi has revised the existing threshold limit for simplified documents to Rs 5 lakh from Rs 2 lakh currently for securities held in physical mode per listed issuer
 "Sebi amends rules to simplify procedure for transmission of securities")
LIC may list on May 17; IPO of right size, says Dipam Secy Tuhin Pandey
The government is selling 221,374,920 shares in LIC, aiming to raise around Rs 21,000 crore
 "LIC may list on May 17; IPO of right size, says Dipam Secy Tuhin Pandey")
Trading strategies for SBI Life, ICICI Pru, HDFC Life ahead of LIC IPO
Except for Max Financial Services other insurance related shares seem to be on a weak ground, indicate technical charts.
 "Trading strategies for SBI Life, ICICI Pru, HDFC Life ahead of LIC IPO")
Schaeffler India surges 6%; hits new high on strong March quarter results
In Q1CY22, the company's profit after tax jumped 48 per cent year-on-year(yoy) to Rs 207 crore from Rs 140 crore in Q1CY21.
 "Schaeffler India surges 6%; hits new high on strong March quarter results")
Veranda lists 15% higher over issue price on BSE; down 5% on NSE
At 10:22 am; the stock locked in upper circuit of Rs 164.85, after hitting a low of Rs 149.15 in intra-day trade on the BSE, against issue price of Rs 137 per share.
 "Veranda lists 15% higher over issue price on BSE; down 5% on NSE")
Veranda Learning freezes at 10% upper circuit; up 67% against issue price
In the past two days, the stock has rallied 15% after the company signed a definitive agreement to acquire T.I.M.E. (Advanced Educational Activities Pvt Ltd) for a consideration of Rs 287 crore
 "Veranda Learning freezes at 10% upper circuit; up 67% against issue price")
Bajaj Finance slips 5% despite strong Q4FY22 results
Brokerage firm Motilal Oswal Financial Services expects net interest margins (NIMs) to compress in FY23 due to yield pressure and higher borrowing cost.
 "Bajaj Finance slips 5% despite strong Q4FY22 results")
Axis Bank to announce Q4 results on Thursday; here's what brokerages expect
Axis Bank Q4 preview: Axis Bank may report around 50 per cent year-on-year (YoY) growth in net profit
 "Axis Bank to announce Q4 results on Thursday; here's what brokerages expect")
CARE Ratings slips 13%, nears 52-week low after MD & CEO resigns
The board has accepted the resignation of Ajay Mahajan as the MD & CEO of the company due to personal reasons.
 "CARE Ratings slips 13%, nears 52-week low after MD & CEO resigns")
Reliance Industries becomes 1st Indian company to hit Rs 19-trillion m-cap
According to the BSE data, RIL m-cap stood at Rs 19.02 trillion at 09:33 AM, with the stock up 1.3 per cent at Rs 2,811.85.
 "Reliance Industries becomes 1st Indian company to hit Rs 19-trillion m-cap")
Stocks to Watch: Reliance, Bajaj Finance, Wipro, HDFC Life, Tata Coffee
Stocks to Watch Today: Shares of Bajaj Auto, Hindustan Unilever and Indian Hotels are likely to be in focus as the companies report Q4 results on Wednesday.
 "Stocks to Watch: Reliance, Bajaj Finance, Wipro, HDFC Life, Tata Coffee")
Investors guide to benefitting from increased M&A activity in India Inc
India Inc is witnessing aggressive merger and acquisitions. While this underlines their desire for inorganic growth, analysts are cautioning investors. Find out how investors can benefit from them.
 "Investors guide to benefitting from increased M&A activity in India Inc")
Nifty likely to remain choppy, these are the key levels as per Vinay Rajani
The technical analyst from HDFC Securities recommends buying Action Construction Equipment and Bandhan Bank.
 "Nifty likely to remain choppy, these are the key levels as per Vinay Rajani")
India slashes its expected proceeds from LIC IPO to over Rs 21,000 crore
The initial public offering (IPO) of the state-owned insurer is a billion dollars short of its projection last week, and a third of the more than $8 billion it initially planned to raise in February
 "India slashes its expected proceeds from LIC IPO to over Rs 21,000 crore")
Adani Wilmar crosses Rs 1-trn market cap; stock up 249% since debut in Feb
At 10:40 AM, AWL up 5 per cent stood at 50th position in overall market-cap ranking with a m-cap of Rs 1.04 trillion, BSE data shows.
 "Adani Wilmar crosses Rs 1-trn market cap; stock up 249% since debut in Feb")
Money pulled from China finds way to Asean countries, not India
Global brokerages cut China exposure, keep the status quo on India & turn bullish on Indonesia
 "Money pulled from China finds way to Asean countries, not India")
Sebi issues Rs 2-cr recovery notice to ex-NSE official Anand Subramanian
The regulator, through an order passed on February 11, levied a fine of Rs 2 crore Subramanian in the matter of governance issues at the exchange
 "Sebi issues Rs 2-cr recovery notice to ex-NSE official Anand Subramanian")
Cost inflation, pricing action key for agri input major Rallis India
The company posted losses at the operating level in Q4FY22
 "Cost inflation, pricing action key for agri input major Rallis India")
Stock of Zee Learn tanks 19% as Yes Bank initiates insolvency proceedings
Second firm after Dish TV where Yes Bank and Essel group promoters at loggerheads
 "Stock of Zee Learn tanks 19% as Yes Bank initiates insolvency proceedings")
LIC shares at 5-7% premium in grey market, may rise further, say observers
They said shares were changing hands at Rs 1,000 apiece as against an expected IPO price of Rs 950
 "LIC shares at 5-7% premium in grey market, may rise further, say observers")