Page 38 - Markets News

GST cuts, premiumisation and scooter launches boost TVS Motor outlook

TVS Motor's stock is expected to gain further with GST rate cuts, premiumisation, new scooter launches, and robust sales momentum in domestic and export markets

SBI MF's Magnum SIF to debut Oct 1 with hybrid long-short scheme

The scheme also has the mandate to invest up to 10 per cent in real estate investment trusts and infrastructure investment trusts and up to 25 per cent in unhedged derivatives

Atlanta Electricals IPO garners 70.63 times subscription on final day

The initial share sale of Atlanta Electricals Ltd, manufacturer of power, auto and inverter duty transformers, fetched 70.63 times subscription on the final day of bidding on Wednesday. The initial public offer (IPO) received bids for 46,17,87,742 shares against 65,38,439 shares on offer, according to details available with the NSE. The Qualified Institutional Buyers (QIBs) portion received a huge 194.92 times subscription. The quota for non-institutional investors attracted 54.20 times subscription, and the category for Retail Individual Investors (RIIs) got subscribed 10.42 times. Atlanta Electricals Ltd on Friday said it has raised Rs 205 crore from anchor investors. The company's Rs 687-crore initial public offering (IPO) has a price band of Rs 718-754 per share, valuing the company at roughly Rs 5,800 crore at the upper end. The Gujarat-based company's IPO is a combination of a fresh issue of equity shares worth Rs 400 crore and an offer for sale (OFS) of 38.1 lakh equity sha

Nabard raises ₹4,039 crore at 6.85% coupon, short of ₹7,000 crore target

Yields remain sticky with marquee state-owned issuers preferring shorter maturities

Capri Global Capital to raise ₹400 crore via NCD issue from Sept 30

Capri Global Capital plans to raise Rs 400 crore through a public NCD issue with four tenure options, coupon rates up to 9.7 per cent and ratings of AA Positive and AA Stable

Apeda figures low in fiscal support even as India looks to sign FTAs

Comparatively modest expenses on salaries and establishment could be a reason

Nabard, PFC plans to raise ₹10,000 crore from corporate bond market

PFC, NABARD and Solar Energy Corporation will raise funds via corporate bonds this week, tapping strong institutional demand ahead of RBI's October monetary policy review

IT slump drags Sensex and Nifty down 0.5% after H-1B visa fee hike

IT stocks tumbled after the US raised H-1B visa fees, erasing Rs 85,000 crore in market value and dragging Sensex and Nifty lower, though analysts remain optimistic

Atlanta Electricals IPO subscribed 97% on the first day of bidding

The initial public offer of Atlanta Electricals Ltd, manufacturer of power, auto and inverter duty transformers, got subscribed 97 per cent on the first day of bidding on Monday. The received bids for 63,51,928 shares against 65,38,439 shares on offer, as per NSE data. The categories for Qualified Institutional Buyers (QIBs) and non-institutional investors got full subscription. Retail Individual Investors (RIIs) quota got subscribed 95 per cent. Atlanta Electricals Ltd on Friday said it has raised Rs 205 crore from anchor investors. The company's Rs 687-crore initial public offering (IPO) will conclude on September 24. The price band of Rs 718-754 per share values the company at roughly Rs 5,800 crore at the upper end. The Gujarat-based company's IPO is a combination of a fresh issue of equity shares worth Rs 400 crore and an offer for sale (OFS) of 38.1 lakh equity shares valued at Rs 287 crore at the upper end of the price band, by a promoter and other selling shareholders. Th

Pace Digitek aims to raise ₹819 cr via IPO; subscription opens on Sep 26

Telecom infrastructure solutions provider Pace Digitek Ltd is looking to garner Rs 819 crore through its initial public offering (IPO), which will open for subscription on September 26. In its statement, the company said it has fixed a price band of Rs 208 to Rs 219 per share for its maiden public offering, which will conclude on September 30. The Bengaluru-based company's IPO is a completely fresh issue of shares worth Rs 819.15 crore. Proceeds from the public issue, amounting to Rs 630 crore, will be used to fund capital expenditure requirements, and a portion will be allocated towards general corporate purposes. Incorporated in 2007, Pace Digitek is a multi-disciplinary solutions provider specialising in the telecom passive infrastructure industry, including telecom tower infrastructure and optical fibre cables. The company's revenue from operations was Rs 2,439 crore during FY25 as compared to Rs 2,434 crore in FY24. Its net profit stood at Rs 279 crore against Rs 230 crore a

Nippon India Growth Mid Cap Fund: Running with the bulls, holding the reins

Capturing midcap energy without losing control of the charge

Stagecraft of capital: Mkt marionette FPIs pull strings on consumer, power

Timed tugs tilt discretionary sectors, letting defensive and capital-heavy names take the lead

Maruti Suzuki India burns rubber, leaves key rivals in its rearview

Sport utility vehicle launches and market resets inject horsepower into the automotive sector, turning the carmaker into a pacesetter of the rally

Adani group adds ₹66K cr in value amid choppy markets after Sebi relief

Adani Group's nine listed firms gained up to 12 per cent as Sebi dismissed key Hindenburg charges, lifting market value by Rs 66,000 crore, with Adani Power leading the rally

Zelio E-Mobility to raise ₹78 crore via SME IPO for R&D, expansion

Hisar-based Zelio E-Mobility to raise Rs 78 crore through an SME IPO to fund new plants, strengthen R&D, reduce debt and enhance capacity to meet growing demand for EVs

Zydus Lifesciences growth aided by acquisitions, but execution risks loom

Zydus Lifesciences trades near 52-week highs on strong growth and acquisitions but analysts caution that rapid expansion and diversification may pose execution challenges

Advent International sells 8.9% stake in Cohance Lifesciences for ₹3,094 cr

Private equity firm Advent International on Thursday divested an 8.92 per cent stake in Cohance Lifesciences for Rs 3,094 crore through an open market transaction. US-based Advent International, through its arm Jusmiral Holdings, which is also the promoter of Cohance Lifesciences, offloaded 3,41,48,000 shares representing an 8.92 per cent stake in the company, as per the bulk deal data available on the NSE. The shares were disposed of at an average price of Rs 906 apiece, taking the deal value to Rs 3,093.81 crore. Hyderabad-based Cohance Lifesciences is engaged in a contract development and manufacturing organisation. After the stake sale, Jusmiral Holdings' equity stake in Cohance Lifesciences has come down to 24.16 per cent from 33.08 per cent. At the end of the June quarter, Advent International, through its arm Jusmiral Holdings and Berhyanda Ltd, owned a combined 66.41 per cent stake in the company. Meanwhile, HDFC Mutual Fund (MF) and SBI MF acquired a little over 64 lakh

Benchmark indices hit 10-weeks highs after US Fed's 25 bps rate cut

Sensex and Nifty rose to 10-month highs after the Fed's 25 bps cut, with IT and pharma leading gains amid optimism over India-US trade talks and stronger FPI inflows

GK Energy raises ₹139.27 crore from anchor investors ahead of IPO

Solar-powered agricultural water pump systems provider GK Energy on Thursday said it has collected over Rs 139 crore from anchor investors, a day before its initial share-sale opening for public subscription. Some of the institutions that participated in the anchor round included HSBC Mutual Fund (MF), Citigroup Global Markets Mauritius, Motilal Oswal MF, Bandhan MF, Pinebridge Global Funds, Societe Generale, according to a circular uploaded on the BSE website. The company has allotted 91.03 lakh equity shares to 13 funds at Rs 153 apiece, aggregating the transaction size to Rs 139.27 crore, it added. The Rs 465-crore IPO will be open for public subscription from September 19 to 23. The price band has been fixed at Rs 145-153 per share. The Pune-based firm's offering is a combination of fresh issue of shares worth Rs 400 crore and an offer-for-sale (OFS) of 42 lakh equity shares, worth Rs 65 crore at the upper end, by selling shareholders. Proceeds from the fresh issue to the exte

Big tech, small-cap stocks rise in wake of US Fed's rate reduction

The S&P 500 Index climbed 0.3% at 9:42 a.m. in New York, while the technology-heavy Nasdaq 100 Index rose 0.7%, led by gains across behemoths Nvidia Corp. and Tesla Inc.