Page 362 - Markets

CPSE stocks on a roll; BEML Land, NBCC, Engineers India rally up to 20%

According to SBI Capital Markets (SBICAPS), the enhanced profitability of public sector banks (PSBs) and CPSE is anticipated to contribute to improved dividend payouts

PNB enters top 50 most-valuable stocks' club; overtakes BOB in market cap

PNB is trading at its highest level since February 2018. In the past seven trading days, it has surged 27 per cent

Gokaldas Exports to acquire Matrix Clothing's apparel biz; stock zooms 9%

The management is expecting a positive momentum for in the calendar year 2024 and expects sequential growth to pick up over the next quarters

Q3 preview: 3 reasons why SBI may report weak results in December quarter

SBI share price: State Bank of India is scheduled to post its Q3FY24 results on Saturday, February 3.

Interim Budget 2024-25: Debt fund managers cheer lower borrowing

The decline in bond issuances will further improve the demand-supply dynamic, say money managers

Absence of surprises in Budget: Mkts flat as investors look for triggers

The Sensex ended the session at 71,645, a decline of 107 points or 0.2 per cent, while the Nifty50 index fell 17 points, or 0.08 per cent, to end 21,709

Regulatory nod for US spot bitcoin ETF options may take months: Report

The Securities and Exchange Commission (SEC) last month approved spot bitcoin ETFs, in a watershed for the crypto industry

Godrej Consumer Products soars 12%, hits new high on Ebitda beat in Q3

Analysts believe the execution machinery being put in place by GCPL is yielding good results with improvement seen in underlying metrics alongside higher cash-generation

Front-running case: Sebi bans 7 cos from securities market for up to 3 yrs

Sebi on Wednesday barred seven entities from the securities market for up to three years and directed to disgorge 'unlawful profit' of Rs 35 lakh made by them in a case of front-running the trades of Sanctum Wealth Management (now known as Sanctum Wealth). Front-running refers to an illegal practice in the stock market where an entity trades based on advanced information from a broker or analyst before the information has been made available to its clients. In its order, Sebi has prohibited Kishan Vishram Nanda from the securities market for three years and six entities related to him for one year. Additionally, the regulator imposed a fine of Rs 5 lakh on Nanda. Besides, these seven entities have been directed to disgorge a sum of Rs 34,84,605 along with an interest of 12 per cent per annum. The present matter came out from an alert generated by Sebi's surveillance system indicating the suspected front-running of trades of Sanctum Wealth by certain connected entities. After this,

Apeejay Surrendra Park Hotels IPO: Price band fixed at Rs 147-155

The company, through its IPO, aims at raising Rs 920 crore comprising Rs 600 crore through a fresh share sale and Rs 320 crore through an offer for sale, it said

Crypto exchange FTX expects to repay customers in full: Bankruptcy lawyer

Restructuring advisers will need to examine all of the millions of claims that have been filed against FTX to weed out those that are not legitimate, lawyer Andrew Dietderich said

BLS E-Services IPO gets subscribed 42.74 times on day two of bidding

The Initial Public Offer (IPO) of BLS E-Services got subscribed 42.74 times on the second day of subscription on Wednesday. The IPO received bids for 58,56,83,352 shares against 1,37,02,904 shares on offer, as per data available with the NSE. The category for Retail Individual Investors (RIIs) attracted 125.26 times subscription, while the non-institutional investors part got subscribed 94.05 times and the portion for Qualified Institutional Buyers (QIBs) fetched 2.68 times subscription. The initial public offering of BLS E-Services Ltd was fully subscribed within minutes of opening for bidding on Tuesday. The company's IPO has a fresh issue of up to 2,30,30,000 equity shares. Its price range is Rs 129-135 a share. BLS E-Services Ltd on Monday mobilised Rs 126 crore from anchor investors. The company is a leading technology-enabled digital service provider, offering business correspondent services to major banks in India, assisted e-services; and e-governance services at grass-r

Stock of this smallcap power generation company has zoomed 123% in 3 months

Shares of KPI Green Energy were locked in the 10-per cent upper circuit at Rs 1,823.80, hitting a new high on the BSE in Wednesday's intraday trade

Dr Reddy's rallies 4%; market cap touches Rs 1 trillion post Q3 results

With this, Dr Reddy's has become the third listed pharmaceutical company to achieve the Rs 1-trillion m-cap feat

TMS Ep619: Interim Budget, future of coaching industry, markets, UNRWA

Why does tomorrow's Budget matter? What will coaching industry's future look like after new rules? Which sectors should be on your radar ahead of the Interim Budget? What is UNRWA? All answers here

After 7 yrs, TaMo pips Maruti Suzuki to become most valuable auto company

The combined market cap of Tata Motors (Rs 287,327 crore) and Tata Motors DVR (Rs 29,226 crore) stood at Rs 3.16 trillion

LIC's $30 billion market rally gives IPO investors chance at redemption

The state-owned life insurer's stock climbed 1.9% Tuesday, to close at its highest level since its IPO in May 2022

Bajaj Finance slides 5% as mgt flags rural, B2C stress post Q3 results

Shares of the Bajaj Group company tumbled 5.3 per cent to Rs 6,806 per share on the BSE in Tuesday's intraday trade

UPS to cut 12,000 jobs, shares drop nearly 6% in premarket trading

UPS slid before the opening bell on Tuesday as the package delivery company announced that it's eliminating approximately 12,000 jobs and looking at strategic options for its Coyote truck load brokerage business. Last year union members at UPS voted to approve a tentative contract agreement, putting a final seal on contentious labor negotiations that threatened to disrupt package deliveries for millions of businesses and households nationwide. On a conference call on Tuesday morning, CEO Carol Tome said that by reducing the company's headcount UPS will realise USD 1 billion in cost savings. We are going to fit our organisation to our strategy and align our resources against what's wildly important, Tome said. She also announced that this year UPS is returning to a policy of having its employees back in the office five days a week. United Parcel Service Inc. anticipates 2024 revenue in a range of approximately USD 92 billion to USD 94.5 billion. Analysts surveyed by FactSet predic

Profit booking in Reliance, drop in financials weigh on Indian shares

The blue-chip NSE Nifty 50 index declined 0.99% to 21,522.10 points and the S&P BSE Sensex fell 1.11% to 71,139.90