Page 391 - Markets

Utkarsh Small Finance Bank IPO: Should you subscribe to the lender's offer?

Utkarsh Small Finance IPO: The price band for the issue, which runs between July 12 and July 14, has been fixed as Rs 23-25 per share

Premier Explosives zooms 44% in 2 days on Rs 552-cr order win from MoD

PEL said it has won contracts worth Rs 292.11 crore from the Indian Air Force for supply of Chaffs, and orders amounting to Rs 260.15 crore for supply of Flares

Nifty needs to cross 19,523 to resume uptrend, has support at 19,300

Any level below 19,300 could lead to correction in the Nifty50 index, show charts

Bias negative for Nifty Metal index; near-term support is at 6,125 level

There is a strong resistance around the 6,525-mark, which suggests that the Nifty Metal index may struggle to surpass this level in the near future

Sensex ends range-bound session 274 pts up; financials weigh, IT, RIL gain

CLOSING BELL ON JULY 11, 2023: The NSE Nifty ended 84 points or 0.4 per cent higher, while the Bank Nifty and Nifty Financial Services declined 0.2 per cent and 0.4 per cent, respectively on Tuesday.

Sebi issues demand notices to 11 entities in Religare Enterprises case

Capital markets regulator Sebi has issued notices to seven entities asking them to pay Rs 4.3 crore within 15 days in a case concerning diversion of funds of Religare Finvest, an arm of Religare Enterprises. In addition, the regulator warned of attachment of assets and accounts if they fail to make the payment within the stipulated time. The seven entities that received notices are -- Torus Buildcon, Artifice Properties, Rosestar Marketing, Oscar Investments, Ad Advertising, Zolton Properties, and Saubhagya Buildcon. The demand notices came after the entities failed to pay the fine imposed on them by the Securities and Exchange Board of India (Sebi) in October 2022. In seven notices issued on Monday, Sebi directed them to pay Rs 4.3 crore, which includes interest and recovery cost, within 15 days. In the event of non-payment of dues, the regulator will recover the amount by attaching and selling their moveable and immovable properties. Besides, the entities will face attachment of

HCL Tech revenue, profit may rise 15% YoY in Q1FY24; ER&D segment to be hit

HCL Tech Q1FY24 result: On a QoQ basis, its Q1 revenue may grow 1 per cent while net profit could drop 4 per cent

Cyient DLM extends rally, nearly doubles investors' wealth in two days

The stock rallied 20 per cent to Rs 504.90 on the BSE in intra-day trade on Tuesday, and has zoomed 91 per cent against its issue price of Rs 265 per share in two days

TCS Preview: Wage hikes to erode margin in Q1FY24; PAT may drop 3.3% QoQ

TCS Q1 result preview: The weakness comes on account of a worsening demand environment, which is leading to cancellation and delay in projects, a longer sales cycle and slower revenue conversion

Kalyan Jewellers extends rally on strong Q1 biz update; zooms 59% in 1 mth

In the past week, the stock has rallied 18 per cent after the company reported over 30 per cent consolidated revenue growth for the June quarter (Q1FY24)

Stocks to Watch today, July 11: Vedanta, LIC, Vadilal, PCBL, Tata Comm, PFC

Stocks to watch on July 11, 2023: Shares of Nazara Tech and Satin Creditcare may see some action as the boards approved fund raising proposals.

Nifty PSU Bank index may rally another 10% from here on, show charts

The final target for the ongoing up trend in the Nifty PSU bank index is projected to be in the range of 4,620 to 4,875

Suraksha QR gets 27,000 subscribers within 4 months; eyes 500,000-user mark

Healthtech platform Suraksha QR on Monday said it has acquired 27,000 customers within four months and aims to onboard 5 lakh users, expanding operations to more than 10 states by the end of this fiscal. The Hyderabad-based startup helps its subscribers get quick access to ambulances and other health service providers in case of a medical emergency with the help of a unique QR code. The company which currently operates in Andhra Pradesh, Telangana, Uttar Pradesh, Madhya Pradesh, and Maharashtra, will be entering Tamil Nadu, Delhi-NCR, Rajasthan and other states in the months to come. "Suraksha QR platform has already crossed a milestone of acquiring over 27,000 subscribers pan-India, in a short time span of around 4 months, since its roll-out in March 2023," the company said in a release. In case of an accident or any medical emergency, the victim (on his own) or a bystander can scan this unique QR code with a smartphone and quickly get access to the nearest ambulance providers. Th

RIL shines in lacklustre trade; Sensex ends 64 pts up; broader indices slip

CLOSING BELL ON JULY 10, 2023: Reliance alone contributed 302 points to the BSE Sensex as the stock finished 3.8 per cent higher. The NSE Nifty 50 was up 24 points at 19,356 on Monday.

Smallcap fever lifts inflows into equity MFs despite redemption surge

Investors pump in record Rs 5,470 crore into smallcap schemes in June

Akzo Nobel India surges 5%, hits record high on steady growth outlook

In the past one month, the stock has outperformed the market by gaining 12 per cent as compared to a 4.4 per cent rise in the S&P BSE Sensex

Chole Bhature, Biryani, Momos: What's India ordering most on Zomato?

North Indian cuisine dominates on Zomato with almost around 25 per cent contribution to both orders and gross merchendise value

Utkarsh SFB, NSDL: IPO market revival still some time away, say analysts

Most of these offers are coming right now because their regulatory deadlines, to bring the IPOs, are about to lapse, cautioned analysts

RIL up 4%; sets July 20 as record date for share allotment in Jio Financial

Under the arrangement, shareholders of RIL will get one share each of Reliance Strategic Investment (RSIL) for every one share held in RIL as of the record date

Nifty 50: Aggressive traders may short-sell index with stop loss at 19,525

It is crucial to set a strict stop loss at 19,525 to manage risk since resistance levels are projected at 19,380 and 19,490