Page 376 - Markets

NBCC soars 13%, hits 52-week high on Rs 180-cr order win, MoU with govt

NBCC (India), on Wednesday, signed a quadripartite memorandum of understanding (MoU) with Ministry of Steel, Rashtriya Ispat Nigam Limited (RINL), and National Land Monetisation Corp. Ltd. (NLMC)

Over Rs 7,000 crore IPOs on launchpad as Nifty50 crosses 20,000 mark

Bankers said some of the companies hitting the markets have been waiting to launch their issues for a while

Ethnic apparel retailer Sai Silks' IPO to debut on Sept 20 with 27 mn OFS

Ethnic apparel retailer Sai Silks (Kalamandir) Ltd on Wednesday said its initial share sale will open for public subscription on September 20. The bidding for the anchor investors will open on September 18. The IPO of Sai Silks (Kalamandir) Ltd (SSKL) comprises fresh issue of equity shares aggregating up to Rs 600 crore and an Offer for Sale (OFS) component of up to 2.70 crore equity shares by promoters' selling shareholders, according to the Red Herring Prospectus (RHP). The Hyderabad-based saree retailer is yet to announce the price band for the IPO, which will conclude on September 22. However, Sai Silks has revised its OFS size from 1.80 crore equity shares to 2.70 crore equity shares by promoters and promoter group entities. Proceeds from the fresh issue worth up to Rs 125 crore will be used for funding capital expenditure towards setting up 30 new stores and up to Rs 25 crore for setting up two warehouses. Also, it plans to infuse up to Rs 280 crore for funding the working

Wire maker R R Kabel IPO subscribed by 25% on first day of bidding

The Initial Public Offer (IPO) of wires and cables manufacturer R R Kabel Limited was subscribed 25 per cent on the first day of bidding on Wednesday. The IPO received bids for 32,78,072 shares against 1,33,17,737 shares on offer, according to NSE data. The category for Retail Individual Investors (RIIs) was subscribed 36 per cent and the portion for non-institutional investors received 29 per cent subscription. The IPO has a fresh issue of up to Rs 180 crore and an offer for sale of up to 1,72,36,808 equity shares. Price range for the offer is Rs 983-1,035 per share. At the upper end of the price band, the issue will fetch up to Rs 1,964 crore. On Tuesday, TPG-backed RR Kabel Ltd said it has mobilised Rs 585.62 crore from anchor investors. The company runs five manufacturing units - one each cable and wire units in Waghodia in Gujarat and in Silvassa in the Union Territory of Dadra and Nagar Haveli, and a commercial lightings plant in Bengaluru and one each fast moving electrica

Sensex rises 246 pts, Nifty holds 20,050 in broad rally; PSB index zooms 4%

Closing Bell on September 13, 2023:The gains were led by Bharti Airtel (up 2.7 per cent), Titan, Axis Bank, SBI, IndusInd Bank, Power Grid, NTPC, Tata Motors, Ultratech Cement, and Bajaj Finance

IOL Chemicals hits 17-month high, zooms 19% on heavy volumes

Till 01:49 PM, a combined 9.3 million equity shares, representing 15.85 per cent of total equity of IOL Chemicals, had changed hands on the NSE and BSE

Ajanta Pharma surges 11% in subdued market on healthy business outlook

In the past two months, the stock has surged 35 per cent after it reported a healthy set of numbers for June quarter

This Ashish Kacholia-owned education stock has zoomed over 69% in 3 days

Shares of NIIT moved higher by 19% to Rs 139 on the BSE in Wednesday's intra-day trade, zooming 69 per cent in the past three trading days

KEC Intl hits new high, gains 11% on winning orders worth Rs 1,012 cr

With these orders, the company's year-to-date order intake stands at a record level of over Rs 6,500 crore, a strong growth of 11 per cent over the last year

Sebi imposes Rs 35 lakh fine on 7 entities for non-genuine trades

Capital market regulator Sebi has imposed fines totalling Rs 35 lakh on seven entities for indulging in non-genuine trades in the illiquid stock options segment on the BSE. In seven separate orders on Monday, the regulator slapped a fine of Rs 5 lakh each on Subhash Kumar Poddar HUF, Manoj Kumar Goenka HUF, Ayan Akhter Husain, Ankita Didwania, Rakesh Golechha, Ankur Taneja HUF and Yogesh Kumar Gupta HUF. Sebi had observed large-scale reversal trades in the illiquid stock options segment on the BSE, leading to artificial volumes on the exchange. Further, the regulator conducted an investigation into the trading activities of certain entities engaged in the segment from April 2014 to September 2015. The seven entities fined on Monday were among those who indulged in the execution of reversal trades. Reversal trades are alleged to be non-genuine in nature as they are executed in the normal course of trading, which leads to a false or misleading appearance of trading in terms of ...

Nifty at 21,000 by Diwali? It's possible, say technical analysts

Thus far in calendar year 2023 (CY23), the S&P BSE Sensex and the Nifty 50 have seen a good run with both the indices surging nearly 10 per cent during this period

Zomato stock rally may show signs of exhaustion from here on: Analysts

This is because the stock price of Zomato is factoring in all the positives, including earnings growth

Mid, SmallCap indices sink up to 4% ahead of CPI inflation; benchmarks flat

Closing Bell on September 12, 2023: Among sectors, the Nifty Media index declined nearly 4 per cent, the Nifty Metal index nearly 3 per cent, and the Nifty PSU Bank and Auto indices up to 2.5 per cent

TMS Ep518: G20 summit, Shyam Saran on G20, Nifty hits 20k, joint communique

Has the G20 summit set India up for bigger things? What next for India and the G20? Nifty hits 20k: What will be the next pit stop? G20 Summit: What is a joint communique? All answers here

TCS gains 3%, hits 52-week high in range-bound market

TCS continues to witness robust demand for cloud migration, digital engineering, product innovation, and enterprise application solutions, according to analysts

Lemon Tree Hotels rallies 15% in 4 days on signing new property in Shimla

The management said the outlook for Lemon Tree Hotels remains promising, with healthy occupancy rates and higher average room rates (ARRs)

L&T turns ex-date for buyback; zooms 4% on raising buyback price to Rs 3200

The company has revised the buyback price upwards from Rs 3,000 per share to Rs 3,200 per share

Mid-, smallcap stocks overheated; rally an irrational exuberance: Analysts

The S&P SBE Smallcap index has given a stellar return - rising over 32 per cent in 2023

Samhi Hotels' Rs 1,370 cr IPO to open Sep 14 with price band of Rs 119-126

Samhi Hotels on Monday fixed the price band for its Rs 1,370-crore primary share sale that opens on Thursday at Rs 119-126 per share, which is 119-126 times its face value. The public issue comprises Rs 1,200 crore of fresh issue and an offer for sale (OFS) of up to Rs 170 crore at the upper end of the price band, Gurugram-based Samhi Hotels said in a statement. In a pre-IPO placement, external investor Blue Chandra had sold 10.32 million shares or 8.4 per cent of its stake to renowned investor Madhusudan Kela's wife Madhuri Kela, along with Nuvama Crossover Opportunities Fund and TIMF Holdings, for a total consideration of Rs 130 crore. Samhi acquires/builds primary hotels and thereafter renovates, rebrands and rerates the property and runs it. In 13 years into business, it has added 369 keys in FY23 to become the third largest hotel owner by number of keys, taking the total number of keys to 4,800 across 31 operating hotels, which include its latest acquisition of ACIC last ...

State-owned non-bank lender IREDA files for IPO with market regulator

State-owned non-banking financial company, Indian Renewable Energy Development Agency (IREDA), has filed for an initial public offering (IPO) with the country's markets regulator, as per draft papers