The stock has zoomed 337% from its 52-week low of Rs 535 recorded on March 25, 2021
The listing is scheduled for December 16, 2021
The issue of valuations has divided the analyst community with some saying there is more room to grow, while others have expressed fears to re-rate Indian equities
The 30-share Sensex soared 1,016.03 points or 1.76 per cent to close at 58,649.68 and all the constituent stocks, except for two, closed in the green
There were 16 such stocks in the last financial quarter: compared to one in 2011. The price is beyond the reach of small investors, raising question over face value
Leading stock exchange BSE on Tuesday said it has collaborated with HBF Direct Ltd to encourage and promote listing of small and medium enterprises (SMEs) and startups across India. HBF Direct is a management consultancy company and offers advisory services to SMEs and corporates in the areas of corporate, finance & legal, fundraising and IPO advisory. Through this pact, HBF Direct will assist the exchange in evaluating SMEs and startups for listing on BSE's SME & startups platform, the exchange said in a statement. In addition, the management consultancy company will also refer curated SMEs and startups to BSE for the listing. Further, the two entities will host joint road shows and events across India for creating awareness and to promote listing of SMEs and startups on the bourse's platform. "At a time when small businesses are slowly recovering from the economic impact of Covid-19, equity funding can be of paramount importance. By leveraging existing client base of HBF ...
Market players expect NSE's valuation to be around the Rs 2 trillion mark. They feel the exchange's IPO could lead to sharp re-rating in shares of BSE and MCX
With the pandemic risk still lurking around the fringes, global growth is yet to attain a structural foothold, Garg said
During the week, market infrastructure institutions (MIIs) will conduct an array of educational activities
Equity benchmarks buckled under selling pressure for the third session on the trot on Thursday as bearish global cues and a disappointing market debut for Paytm unnerved investors. The 30-share BSE Sensex tumbled 372.32 points or 0.62 per cent to finish at 59,636.01. Similarly, the NSE Nifty dived 133.85 points or 0.75 per cent to 17,764.80. M&M was the top loser in the Sensex pack, shedding 3.28 per cent, followed by Tech Mahindra, HCL Tech, L&T, Tata Steel, IndusInd Bank and Maruti. Only six index constituents managed to close in the green -- SBI, PowerGrid, HDFC Bank, Reliance Industries, ICICI Bank and HUL, climbing up to 1.16 per cent. In the broader market, One97 Communications Ltd, Paytm's parent company, crashed around 27 per cent in its market debut on Thursday. Paytm's Rs 18,300-crore IPO, the country's largest initial share sale, was subscribed 1.89 times last week. "Weak listing of India's largest IPO and soft global market amid rising inflation woes impacted ...
What are upper and lower circuits? What happens if these circuits are hit? For how long is the trading halted? Why do we have these circuits anyway? Here is an explainer for you
The parent firm of Paytm has launched India's biggest IPO. And the owner of Pizza Hut and KFC is opening its IPO today. Both these companies are loss-making. So, what should investors do?
Banking, FMCG and energy shares came under heavy selling pressure
This is not the first time the bank has repatriated capital from its foreign arms
Analysts said the inflationary pressure seen by companies such as HUL and Nestle India have made the Street temper down its earnings growth expectations
Gain for 7th day; shrug off worries about rising yields, oil prices
In the last seven sessions, the benchmark has rallied 2,575.86 points or 4.35 per cent.
Indian companies have raised $10.8 billion from first-time share sales this year
Shares of the market heavyweight gained 1.02 per cent to close at Rs 2,695.90 on the BSE.
The stock of Rallis India has picked up momentum with improved bias and positive bullish candle to move past the significant cluster of 200DMA and 50EMA levels