Page 378 - Markets

L&T joins Rs 4-trillion market cap club; stock gains 4% to hit new high

The company has fixed September 12, 2023 as the record date for the purpose of determining the entitlement and the names of equity shareholders who are eligible to participate in the buyback

Tiger Logistics wins order from Bharat Earth Movers; stock leaps 9%

The contract is anticipated to yield revenue of approximately Rs 10 crore

Responsive Industries hits record high on order win from Indian Railways

Responsive Industries said bagging two of the nation's most prestigious rail projects -- Garid Rath and Vande Bharat -- underscores the company's unparalleled expertise

Tata Consumer dips 3% after it denies 51% stake buy buzz in Haldiram's

The company said it evaluates various strategic opportunities for growth and expansion of the business of the company on an ongoing basis

Cochin Shipyard surges 15%, hits new high in weak market on strong outlook

The stock hit a new high of Rs 1,096.85, and has zoomed 98 per cent in the past three months

Markets log 4th day of gains on buying in HDFC Bank, Asian markets

Fag-end buying helped the BSE Sensex climb 100.26 points or 0.15 per cent to settle at 65,880.52

Oil prices may remain on the boil amid strong demand, supply cuts

Saudi Arabia and Russia have announced a fresh extension to their voluntary supply cuts, amounting to a combined 1.3 million barrel per day (bpd) cut for another three months till December

Ratnaveer Precision Engineering IPO subscribed 93.96 times on last day

The Initial Public Offering (IPO) of Ratnaveer Precision Engineering Limited was subscribed 93.96 times on the last day of subscription on Wednesday, riding high on encouraging participation from institutional investors. The company is a stainless steel washer manufacturer and supplier. The share sale received bids for 110.76 crore shares against 1.17 crore shares on offer, as per NSE data. The portion for non-institutional investors was subscribed 135.20 times and that of Qualified Institutional Buyers (QIBs) received 133.05 times subscription. The quota for Retail Individual Investors (RIIs) got subscribed 53.95 times. The IPO was a combination of fresh issue and offer for sale. The public issue of 1,68,40,000 equity shares had a fresh issue of 1,38,00,000 equity shares and an offer for sale of up to 30,40,000 equity shares. Price range for the offer was Rs 93-98 a share. Unistone Capital was the manager to the offer.

Jupiter Life Line Hospitals IPO subscribed 87% on Day 1 of bidding

The Initial Public Offering (IPO) of multi-specialty hospital chain Jupiter Life Line Hospitals was subscribed 87 per cent on the first day of bidding on Wednesday. The IPO received bids for 73,84,800 shares against 84,97,169 shares on offer, according to NSE data. The category for non-institutional investors received 1.43 times subscription while the quota for Retail Individual Investors (RIIs) got subscribed 1.10 times and the Qualified Institutional Buyers (QIBs) part was subscribed 1 per cent. The IPO has a fresh issue of equity shares worth Rs 542 crore and an offer for sale of up to 44.50 lakh equity shares. Price range for the offer is Rs 695-735 per share. Jupiter Life Line Hospitals on Tuesday said it has raised Rs 261 crore from anchor investors. Proceeds of the fresh issue will be utilised to retire debt and for general corporate purposes. The hospital chain operates in Thane, Pune and Indore under the 'Jupiter' brand with a total bed capacity of 1,194 as of December

Chavda Infra IPO to open on Sept 12, fixes price band at Rs 60-65

Gujarat-based civil construction company Chavda Infra Ltd has set a price band of Rs 60-65 per share for its initial public offering (IPO). The IPO will open for public subscription on September 12 and will conclude on September 14, while the bidding for the anchor investors will open on September 11, the company said in a statement on Tuesday. The shares of the company will be listed on NSE Emerge, a platform for small and medium enterprises, it added. The IPO comprises of a fresh issue of 66.56 lakh equity shares with a face value of Rs 10 through the book-building route. The company intends to utilise the proceeds from the issue of up to Rs 27 crore for working capital requirements and the balance being used for general corporate purposes and issue expenses. Beeline Capital Advisors is the book-running lead manager to the issue. Chavda Infra has executed over 100 projects worth Rs 671 crore. As of May 31, 2023, the company has 26 ongoing projects worth Rs 601.39 crore, compris

HDFC Bank, ITC lift Sensex 100 pts on late buying; Nifty ends atop 19,600

CLOSING BELL ON SEPTEMBER 06, 2023: The Sensex gained 483 points from the day's low, with HDFC Bank, ITC and Bharti Airtel contributing 217 points to the BSE benchmark on Wednesday.

Sell Nifty Auto index on rise as charts show bearish near-term trend

The pivot level for this month, for example, is at 15,550, further supporting the case for a potential downward move in Nifty Auto index

Paper stocks on a roll; Andhra, West Coast, TNPL, JK Paper rally up to 15%

A strong and robust domestic demand, coupled with strategic exports of both paper and converted paper products, augers well for the Indian paper industry

Rice miller stocks in focus; KRBL, LT Foods soar 6% on positive biz outlook

The impact of El Nino on Basmati production is minimal due to the irrigation methods employed, utilizing both canal and groundwater sources

Hold Nifty Longs with stop loss of 19,400, says HDFC Securities

At present, more than 87 per cent of stocks are trading above their 200-DMA in NSE500, which indicates strong market breadth

FMCG index may see pullback rally; Metal index ripe for profit booking

In the short term, the Nifty FMCG index's first target range is expected to be between 52,000 and 52,175

Sebi plans to usher in the era of 1-hour trade settlement by early 2024

Instant settlement may come into effect by 2024-end

Jio Financial Services to be excluded from NSE indices from Sept 7

Jio Financial Services Limited, the demerged financial services unit of Reliance Industries, will be excluded from various indices of NSE, including the benchmark Nifty 50, from September 7. Shares of Jio Financial got listed on the stock exchanges on August 21, after its spin-off from parent Reliance Industries. In accordance with the index methodology, as JIOFIN has not hit price band on two consecutive trading days on September 4 and 5 at NSE, the Index Maintenance Sub Committee (Equity) of NSE Indices Ltd has decided to exclude JIOFIN from various indices effective from September 7, 2023 (close of September 6, 2023), as per a statement by NSE Indices Ltd on Tuesday. "It may be noted that if JIOFIN hits the price band on September 6, the exclusion shall not be deferred further," it added. Apart from Nifty 50, the company will be excluded from Nifty 100, Nifty 200, Nifty 500, Nifty50 Equal Weight, among others. NSE Indices had in July announced inclusion of Jio Financial Service

Third straight gain for Sensex; Nifty nears 19,600 led by Pharma, FMCG stks

CLOSING BELL ON SEPTEMBER 05, 2023: The broader market continued to outperform - BSE MidCap index soared over a per cent while the SmallCap added 0.6 per cent on Tuesday.

Cyient surges 140% so far in CY23; Cyient DLM zooms 179% over issue price

Shares of Cyient and its subsidiary Cyient DLM hit their respective all-time highs on Tuesday as they rallied up to 19 per cent on the BSE in the intraday trade