Page 380 - Markets

Jupiter Life Line Hospital IPO to open for public subscription on Sep 6

The initial share sale of multispecialty hospital chain Jupiter Life Line Hospitals will open for public subscription on September 6. The three day initial public offering (IPO) will conclude on September 8 and the bidding for anchor investors will open on September 5, according to the red herring prospectus (RHP). The IPO comprises fresh issue of equity shares worth Rs 542 crore and an offer for sale (OFS) of 44.5 lakh equity shares by promoter group entities and other shareholders. Earlier this month, Jupiter Hospital mobilised Rs 123 crore from institutional investors in the pre-IPO round and accordingly the fresh issue size was reduced. Proceeds of the fresh issue will be utilised to retire debt. Besides, funds will be used 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 2022. Jupiter Hospital, which has a strategic focus on the western India healthcare market, is

Alok Industries up 13% in muted market as 116 million shares change hands

On August 14, billionaire Mukesh Ambani-owned Reliance Industries said it would likely invest around Rs 14,200 crore in its subsidiaries in the current financial year

Kalyan Jewellers hits record high in subdued market; zooms 134% in 3 months

The management is upbeat about the upcoming new showroom launches and said they are gearing up with fresh collections and campaigns for the upcoming festive and wedding season across the country

Gokaldas Exports crashes 10% as investors book out post 42% rally in 2 days

On Tuesday, the readymade garment manufacturer and exporter entered into an agreement to acquire Atraco Group for $55 million

Medplus Health tumbles 8% as 13% equity changes hands via block deals

As per reports, PI Opportunities Fund and Lavender Rose Investment Ltd were, together, looking to pare their up to 8 per cent stake in the company

Stocks to Watch, Aug 31: Sula Vineyard, RVNL, Natco Pharma, Kamat Hotels

Stocks to Watch on today, August 31, 2023: Verlinvest Asia PTE is seeking to divest up to a 12.56 per cent stake in Sula Vineyards Ltd through a block deal today

Hotel stocks in focus; Indian, EIH, Chalet hit new highs, surge up to 7%

Growth in the industry is largely expected from domestic demand which is expected to remain strong through FY 2023-24

Stock of this smallcap commercial vehicle company has zoomed 50% in 6 days

Atul Auto was locked in the 10-per cent upper circuit at Rs 570.40 on the BSE with a combined 1.4 million shares having changed hands in trades

Shakti Pumps zooms 18% on winning Rs 358 cr-order from Haryana government

The company received its first work order under the KUSUM-3 scheme from Haryana Renewable Energy Department (HAREDA) for 7,781 pumps

Top headlines: Pharma likely to take 5-6% price hikes, FDI outflow soars

Business Standard brings the top headlines at this hour

Stocks to Watch, Aug 30: Zee Ent, Zomato, Suzlon, Lupin, Airtel, Unichem

Stocks to Watch today, August 30, 2023: Billionaire Sunil Mittal's backed telecom services provider Airtel Uganda Ltd plans to raise $216 million in an initial public offering (IPO)

Stock of this smallcap iron & steel company has zoomed 225% in 2 months

Thus far in the month of August, shares of Jai Balaji Industries have rallied 58 per cent

BEML rallies 10% on strong order book position; zooms 94% in 5 months

On August 7, BEML secured Letter of Acceptance from Bangalore Metro Rail Corporation (BMRC) for supply of Rolling stock contract 5RS-DM valued at approximately Rs 3,177 crore

Bharat Forge hits 52-week high as arm secures contract worth Rs 287.5 crore

Last week, Kalyani Strategic Systems bagged two export orders aggregating to EURO 93.87 million (around Rs 850 crore) from friendly countries for supply of components and armoured vehicle chassis

Stocks to Watch on Aug 29: RIL, Adani, Indiabulls Housing, SJVN, APL Apollo

Stocks to Watch today, August 29, 2023: An investigation of India's Adani group by the market regulator has uncovered violations of rules on disclosures by listed entities

University of Notre Dame sells 3% stake; Vishnu Prakash IPO subscribed 88x

The company was looking to issue Rs 309 crore in fresh capital through the IPO

S&P 500 comebacks fade at historic pace, illustrates lack of conviction

By the end of July, the S&P 500 had risen almost 30% off its October lows

Markets show China needs stimulus 'bazooka' to bring back investors

The price action illustrated once again how China's efforts to boost its markets are struggling in the face of economic worries

LT Foods, KRBL, Chaman Lal, GRM slide up to 6% on basmati rice export curbs

KRBL, GRM Overseas and Chaman Lal Setia, meanwhile, dropped over 3 per cent, 4 per cent and 6 per cent, respectively, to their respective intra-day lows

RailTel Corporation surges 12% on heavy volumes; stock nears record high

A combined 22.3 million equity shares, representing 7.3 per cent of total equity of RailTel, changed hands on the NSE and BSE till12:17 PM