Page 42 - Bse

BSE hits 52-week, surges 13% on heavy volumes

The board of directors of BSE Ltd, on July 6, approved a share buyback of up to Rs 375 crore at Rs 816 per share

Taylormade Renewables board approves proposal to shift shares to BSE

However, the decision remains subject to necessary approvals and eligibility criteria prescribed by the BSE/SEBI, the company said in a regulatory filing

InfoEdge subsidiary invests Rs 1 cr in healthtech startup BrainSightAI

RedStart Labs (India) has invested close to Rs 1 crore in Bengaluru-based health technology startup BrainSightAI, according to a BSE filing on Monday. RedStart Labs is a wholly-owned subsidiary of technology company InfoEdge. RedStart holds 4 per cent stake in BrainSightAI on a fully converted and diluted basis. However, aggregate shareholding of the company after the current investment cannot be estimated, the filing further stated. "RedStart has agreed to invest an aggregate amount of Rs 98,94,000 by way of subscribing to convertible notes. Since the note would be converted into shares in the next round basis the valuation at that time, aggregate shareholding of the company through RedStart, post this investment cannot be estimated at the time of making the intimation," the filing said. InfoEdge is the parent company of online classifieds such as Naukri.com, matrimony site Jeevansathi.com and 99acres.com, a property marketplace. Incorporated in 2019, BrainSightAI provides ...

Kaka Industries IPO to open on Jul 10 at Rs 55-58/share; to list on BSE SME

Polymer-based profiles manufacturer Kaka Industries on Friday said that it has fixed a price band of Rs 55-58 a share for its initial public offering, which will open on July 10. The initial public offering (IPO) will conclude on July 12. The bidding for anchor investors will open on July 7. The shares of the company will be listed on BSE SME, a platform for small and medium enterprises, the company said in a statement. The company will issue 36.60 lakh equity shares through the offer. At the upper end of the price band, the company is looking to raise Rs 21.23 crore through its initial share sale offer. The company manufactures polymer-based profiles for application in doors, windows, partitions, false ceilings, wall paneling, kitchen cabinets, office furniture and other interior and exterior works. It has 20,000 MT production capacity, 300 dealers across 20 states and UTs and three depots. Its product range includes more than 1,200 Stock Keeping Units (SKU) in various dimensions.

JSW Steel to replace HDFC in 30-share S&P BSE Sensex from Jul 13

In S&P BSE 500, JBM Auto Components Ltd will replace HDFC and in S&P BSE 100, Zomato will be included in place of the mortgage lender

Investors richer by Rs 7.90 trn in 5 days; BSE firms' valuation hits peak

Sensex gained over 2,500 points in the past five sessions

Tech glitch: HMA Agro Industries starts trading before 10 am on the NSE

The stock price was fluctuating before 10 am and at 9:55 am, the stock touched Rs 632, while the indicative opening price was Rs 625 on the NSE; at 10 am, the stock touched Rs 664

HDFC twins hog limelight, settle in positive territory post-merger

Shares of HDFC twins were in the limelight on Monday and ended in the positive territory, the first day of trading after the merger, amid an overall bullish equity market trend. The stock of HDFC climbed 1.76 per cent to settle at Rs 2,871.20 on the BSE. During the day, it jumped 3.70 per cent to its 52-week high of Rs 2,926. Shares of HDFC Bank went up by 1.05 per cent to end at Rs 1,719.55. In intra-day trade, it advanced 3.29 per cent to Rs 1,757.80 -- its 52-week high. The combined market valuation of HDFC and HDFC Bank stood at Rs 14,93,119.33 crore on the BSE. Housing finance major HDFC merged with its subsidiary HDFC Bank on Saturday. Rally in HDFC twins were significant in adding to the positive momentum in the equity market. Rallying for the fourth straight session, the 30-share BSE Sensex jumped 486.49 points or 0.75 per cent to settle at its all-time closing high of 65,205.05. During the day, it rallied 581.79 points or 0.89 per cent to its lifetime intra-day high of .

BSE mulls another buyback, board to meet on July 6; shares soar

If the board approves, this will be the third share repurchase by the country's only listed equity bourse since its listing in January 2017

BSE board to consider buyback of shares on July 6, stock surges 7%

Leading stock exchange BSE on Monday announced that its board will meet on July 6 to consider a proposal on the buyback of shares. Following the announcement, shares of BSE rose 7 per cent in intra-day trade to Rs 651.65 apiece on the National Stock Exchange (NSE). In a regulatory filing to the NSE, Asia's oldest bourse said, "meeting of the board of directors is scheduled to be held on Thursday, July 6, 2023, to inter alia, consider and approve proposal for Buy back of fully paid equity shares of the company". Under a share buyback or repurchase, a firm buys back its own shares from investors or shareholders. The purpose of the buyback is price stability and ensuring investor confidence in the stock. Earlier in 2018, BSE repurchased over 20 lakh shares for nearly Rs 166 crore under its buyback programme.

Mcap of BSE-listed firms at record high of Rs 297.94 trn; Sensex at peak

The market capitalisation of BSE-listed firms reached a record high of Rs 297.94 lakh crore in early trade on Monday as the benchmark Sensex hit the 65,000 mark for the first time ever amid bullish investor sentiments. The BSE benchmark jumped 514.08 points to hit its record high of 65,232.64 in early trade. The benchmark has been rallying for the fourth straight trading session on Monday. Thanks to the ongoing rally in equities, the market capitalisation (mcap) of BSE-listed companies jumped to Rs 2,97,94,780.47 crore in early trade. On Friday, the market capitalisation of BSE-listed firms touched an all-time high of Rs 296.48 lakh crore. From the Sensex pack, HDFC, HDFC Bank, UltraTech Cement, Tata Steel, Bajaj Finance, ICICI Bank, Mahindra & Mahindra, State Bank of India, Reliance Industries and Bajaj Finserv were the major gainers. Power Grid, Maruti, Larsen & Toubro, Tech Mahindra, Axis Bank, Hindustan Unilever and Asian Paints were among the laggards. In Asian markets, ..

Mcap of BSE-listed firms at all-time high of Rs 295.72 trn, Sensex at peak

The market capitalisation of BSE-listed firms reached an all-time high of Rs 295.72 lakh crore in early trade on Friday, helped by optimism in equities, where the benchmark Sensex hit its new lifetime peak. Rallying for the third day running, the 30-share Sensex surged 499.42 points or 0.78 per cent to reach its all-time high of 64,414.84 in early deals. Thanks to the rally in equities, the market capitalisation (mcap) of BSE-listed companies jumped to Rs 2,95,72,338.05 crore. Earlier, on June 21, the market capitalisation of BSE-listed firms had hit an all-time high of Rs 2,94,36,594.50 crore. From the Sensex pack, Infosys, Tata Consultancy Services, Mahindra & Mahindra, IndusInd Bank, HCL Technologies, Tech Mahindra, Maruti, Wipro, HDFC Bank and HDFC were the major gainers. ITC, Bharti Airtel, ICICI Bank and Tata Steel were the laggards. In Asian markets, Seoul, Shanghai and Hong Kong traded in the green while Tokyo quoted lower. Global oil benchmark Brent crude climbed 0.30 p

Stock market holiday: NSE, BSE to remain shut today on account of Bakri Eid

Stock market holiday was changed from June 28 to June 29 after the Maharashtra government issued an order, postponing the data of the Bakri Eid holiday in the state

Equity investors become richer by Rs 3.43 trn in 2 days of market rally

Equity investors became richer by Rs 3.43 lakh crore in two days of market rally that saw the BSE benchmark Sensex touching the record 64,000-mark in intra-day trade on Wednesday. Extending the previous day's rally, the 30-share Sensex surged 499.39 points or 0.79 per cent to settle at its life time closing high of 63,915.42 points on Wednesday. During the day, the index jumped 634.41 points or 1 per cent to hit its all-time intra-day peak of 64,050.44 points. In two days, the market capitalisation of BSE-listed firms went up by Rs 3,43,718.15 crore to Rs 2,94,11,131.69 crore. Earlier, on June 21, the market capitalisation of BSE-listed firms had hit an all-time high of Rs 2,94,36,594.50 crore. "Domestic equities had a dream run with Nifty and Sensex scaling life time highs. Strong institutional flows, healthy macros, and robust earnings growth drove the domestic market toward new highs," Siddhartha Khemka, Head - Retail Research at Motilal Oswal Financial Services Ltd, said. All

7 IPOs this week but don't make these 10 mistakes in pursuit of gains

The most common mistake than investors make that can be a trap and hinder your financial success is following the herd mentality

Tech use, reviews, rating: What to look for when picking a stockbroker

List your requirements and shun firms with a high number of complaints against them

Street Signs: Beefing up colocation facility, auditors on the run & more

NSE to expand colocation facility offerings, the allotments for these racks are to be done over the next six months by the first-in, first-out method

Markets are pricing in some risks to growth: Julius Baer India's Kulkarni

India has emerged as a favourite destination for investors amid global developments, and the growth prospects here are catching the attention of many, says Unmesh Kulkarni, MD, Julius Baer India

With falling inflation, stock markets about to hit 52 week high levels

With falling inflation, and healthy economic numbers, the two Indian stock markets opened and closed at a higher note on Friday and are near their 52 week high levels

Equitas SFB gets RBI approval to re-appoint Vasudevan as MD, CEO

Reappointment effective from July 23, 2023, lender told BSE