Price band fixed at Rs 223 to 235 per share; offer to close on May 28; net proceeds to be used for debt repayment, LPG terminal acquisition and general corporate purposes
The Nifty Oil & Gas index is approaching its 200-DMA after a gap of six months, breakout can lead the index to 12,450 levels; suggests technical charts. Here are 3 oil & gas stocks poised for a rally.
Aegis Vopak Terminals IPO is entirely a fresh issuance of equity shares with a face value of ₹10 apiece amounting to ₹3,500 crore
Aegis Vopak Terminals and Seshaasai Technologies have received Sebi's go-ahead to raise funds through initial public offerings (IPOs), an update with the regulator showed on Tuesday. The companies are expected to raise more than Rs 4,000 crore through initial share sales. The two firms, which filed their preliminary IPO papers with Sebi during November and December 2024, obtained observations from the regulator during April 7 to 11, the update showed. In Sebi's parlance, obtaining the observations means its go-ahead to float the public issue. Meanwhile, the regulator has returned the draft offer document of Rajputana Stainless Ltd on April 11. As for Aegis Vopak Terminals, it is planning to float a Rs 3,500-crore IPO, which is entirely a fresh issue of equity shares, according to the draft red herring prospectus (DRHP). The tank storage company for LPG and chemicals plans to utilise proceeds for payment of debt, fund capital expenditure for the acquisition of a cryogenic LPG termi
After a period of being net buyers in the first half of the fiscal year, FIIs reversed their stance in the second half, unloading over ₹1.5 lakh crore worth of Indian equities
Shares of Aegis Logistics, JK Lakshmic Cement, Mastek, Deepak Fertlisers and Karur Vysya Bank are looking weak on the technical charts; hence may witness a downward trend in the near-term.
Aegis Logistics share price: Aegis Logistics share touched an intraday high of Rs 923.05 per share on the BSE and Rs 924.6 per share on the NSE
Aegis Logistics has seen a strong spurt in price and volumes in the last trading session from the cluster of its significant EMAs on the daily chart
The IPO comprises a fresh issue of equity shares of face value Rs 10 each of AVTL (equity shares), for an amount aggregating up to Rs 4,000 crore
Shares of Aegis Logistics hit a new high of Rs 775.20, rallied 9 per cent on the BSE in Monday's intra-day trade amid heavy volumes.
Since reaching its peak around the Rs 3,800 mark on April 1, 2024, the market has experienced a significant downturn, with a decline of nearly 600 points, translating to a 16 per cent loss in price
Right from the month of April 2022; VOLTAS has been trading in a strong corrective mode and has come down from 1300 mark towards 850 mark
According to the technical analyst from Anand Rathi, a weekly close above Rs 825, can potentially trigger a massive rally in Axis Bank up to Rs 1,000-mark.
Logistics stocks traded mixed on Monday after the govt announced National Logistics Policy. It aims to integrate and develop a technologically-enabled logistics ecosystem in India. Here's a report
The new logistics policy aims to trim the costs to single digits, from 13-14 per cent of the GDP at present, by 2030
Stocks to Watch: JSW Steel has signed a memorandum of understanding (MoU) with SMS group, a German engineering and technology company, for exploring decarbonisation projects
State-owned insurance behemoth Life Insurance Corporation (LIC) reported a net profit of Rs 682.88 crore in the April-June quarter (Q1) of FY23, driven by its non-par business.
The decision to shut down was driven by the ongoing slowdown in the telecom sector, rather than unrest in Kashmir
The stock hit a record high of Rs 275, up 7% on the BSE in intra-day trade
The stock surged 6% to Rs 196 after the company posted 47% growth in net profit at Rs 47 cr in Q1.