Page 2 - Market

Jio Financial rallies 8%, hits new high on heavy volumes in weak market

In the past two months, the stock price of JFS has appreciated by nearly 50 per cent

Investors subscribe Platinum Industries IPO 8 times on Day 1 of bidding

The initial public offer of Platinum Industries received 8.04 times subscription on the first day of share sale on Tuesday. The Rs 235 crore-IPO received bids for 7,74,20,952 shares against 96,32,988 shares on offer, as per NSE data. The portion meant for non-institutional investors got subscribed 13.58 times while the Retail Individual Investors (RIIs) quota received 10.21 times subscription. The category for Qualified Institutional Buyers (QIBs) fetched 7 per cent subscription. The Initial Public Offer (IPO) has a fresh issue of up to 1,37,61,225 equity shares. The price range for the offer is fixed at Rs 162-171 a share. Platinum Industries has mobilised over Rs 70 crore from anchor investors. Platinum Industries, a multi-product company, is engaged in the business of manufacturing stabilisers. Unistone Capital is the manager to the offer.

HSBC's shares decline as $3 billion charge on stake in China bank

HSBC's shares slid as much as 8% in London, heading for their worst single-day drop since the Covid-19 pandemic erupted in March 2020

Rashi Peripherals IPO receives 3.19 times subscription on Day 2 of offer

The initial share sale of information and communications technology products distributor Rashi Peripherals received 3.19 times subscription on Thursday, the second day of bidding. The Initial Public Offer (IPO) received bids for 4,53,93,936 shares against 1,42,37,289 shares on offer, according to data available with the NSE. The portion for non-institutional investors got subscribed 5.88 times while the category for Retail Individual Investors (RIIs) attracted 3.45 times subscription. The quota for Qualified Institutional Buyers (QIBs) received 72 per cent subscription. The initial public offer of up to Rs 600 crore is in a price range of Rs 295-311 a share. The IPO is completely a fresh issue of equity shares. Rashi Peripherals on Tuesday mobilised Rs 180 crore from anchor investors. Of the IPO proceeds, funds worth Rs 326 crore will be utilised for payment of debt and Rs 220 crore for funding working capital requirements and general corporate purposes. Last month, Rashi Periphe

TMS Ep620: Interim Budget, GIFT City exchanges, market concerns & more

Could today's Budget be not-so-interim? How will direct listing on GIFT City exchanges benefit India Inc? What all can disappoint markets in the interim Budget? What is an interim Budget? Answers here

Upbeat on debt market amid rate cut hopes, index inclusion: Mihir Vora

Vora says investors should look at longer duration to benefit from the decline in interest rates

Stocks to Watch: Allcargo Logistics, Mazagon Dock, Cochin Ship, Inox India

Stocks to Watch on December 21, 2023: Inox India will make its debut on the bourses today; Ultratech Cement has entered into an agreement to acquire 26 per cent stake in Clean Max Terra

Sensex, Nifty end mildly higher amid fag-end buying ahead of Fed outcome

Closing Bell on December 13, 2023: The broader market space remained upbeat with the BSE MidCap and SmallCap indices ending 1.06 per cent and 0.73 per cent higher, respectively.

TMS Ep581: Pandemic-preparedness, internet growth, markets, 10,000-yr clock

Is India prepared for the next pandemic? What is holding back India's internet growth? What should you do with rate-sensitive stocks? What is Jeff Bezos' 10,000-year clock? All answers here

Primary steel industry to face challenges in H2 amid weak market: ICRA

The primary steel industry is likely to experience a challenging environment during the second half of FY24 amid increased input cost and weakening steel prices, according to Icra. The domestic hot rolled coil (HRC) prices have corrected by 6.7 per cent since early October 2023, while the rebar prices witnessed a fall of 4.7 per cent in the same period, the ratings agency said. The overall industry's operating profit margins in H2 FY2024 are expected to be lower compared to H1 FY2024, largely driven by weaker profitability from the blast furnace operators, Icra said in its latest report. It further said it "expects the operating environment of the domestic steel industry to get more challenging in the second half of the current fiscal as elevated raw material costs and weakening steel prices nibble at profit margins." While seaborne coking coal prices have been volatile since Q2 FY2024, thermal coal prices have remained more range-bound. Coupled with the higher resilience of long

Stocks to Watch: Tata Motors, Adani Green, IEX, Concor, Gujarat Gas, Atul

Stocks to watch on November 3, 2023: Atul's board meeting will be held on November 07 to consider a buyback proposal

Launch portfolio to support sales momentum for real estate major DLF

The sales in the quarter were led by the premium Camellias project which had bookings of Rs 720 crore

Cello World subscribed 38.9x; Protean eGov's Rs 490 crore IPO to open Nov 6

Shares of Blue Jet Healthcare finished over 14 per cent higher during their trading debut

Stocks to Watch: Bharti Airtel, L&T, Tata Motors, Ethos, Blue Jet, Mankind

Stocks to watch on November 1, 2023: Bank of Baroda's head of digital lending, Akhil Handa, a techie closely associated with building the mobile banking application 'bob World', has quit

Vijay Kirloskar threatens to move CVC in TD Power IPO disclosure matter

Says latest disclosure made by company dishonest, issue cannot be termed sub-judice

Mutual fund reclassification rules: 6 years in, rolling with the best

Even as Sebi's classification norms for MF schemes approach six years of completion, we examine the three-year rolling returns of schemes in the top categories to identify the best performers

TMS Ep529: Acquisition appetite, Krishna Ella, markets, sports associations

Why are business families in acquisition mode? How does Krishna Ella view Bharat Biotech's future? Is it time to bottom-fish in stock market? What happens when sports associations are suspended?

Who's fairest of them all? In fund managers' mirror, both small & midcaps

INOX Wind, BSE, and RPG Life Sciences have entered the landscape of equity MFs' holdings

SAT stays Sebi's directions in open offer for Federal-Mogul Goetze

In a letter dated 30 August, the market regulator appointed MM Nissim & Co as an independent chartered accountant to value the shares of Federal-Mogul Goetze for the open offer

RR Kabel IPO subscribed 1.4 times, Lukewarm response for Zaggle Prepaid

The initial public offering (IPO) of RR Kabel was subscribed 1.4 times on Thursday, the second day of the issue. The IPO of Zaggle Prepais Ocean Services was subscribed 19 per cent