Page 428 - Markets

MapmyIndia slips 4% to hit lowest level since listing; nears issue price

With today's decline, it has tanked 45 per cent from its 52-week high of Rs 1,918.35 touched on January 17, 2022

TMS Ep334: Indian tech sector, Indian workers in Gulf, markets, Covid BF.7

What does 2022 foretell for the Indian tech sector? Why do Indian workers go to Gulf? Will the Sensex dip to 57,000 before jumping to 75,000? What is Covid Omicron BF.7? Answers here

Will the Sensex dip to 57,000 before jumping to 75,000?

Business Standard's Puneet Wadhwa caught up with Gaurav Ratnaparkhi of Sharekhan by BNP Paribas, on the key levels he is tracking for the frontline indices and the 'must-have' stocks in your portfolio

Tech-led slump on Wall Street led to fall in Asian markets post-Christmas

Shares were mostly lower in Asia on Wednesday after a post-holiday retreat on Wall Street, as markets count down to the end of a painful year for investors. Shares fell in Tokyo, Shanghai and Seoul but rose in Hong Kong as the Chinese government took further steps to reopen to foreign travel after relaxing its stringent zero-COVID policies. Oil prices fell back and US futures inched higher. The Chinese government announced it will start issuing new passports in another major step away from anti-virus travel barriers. That sets up a potential flood of tourists out of China for next month's Lunar New Year holiday, taking free-spending Chinese visitors to Asia, Europe and other destinations during what usually is the country's busiest travel season. But governments in India and Japan have said they will impose extra precautions on those arriving from China due to widespread virus outbreaks there. US officials, speaking on condition of anonymity to convey internal discussions, also .

Chaman Lal Setia Exports soars 11%, hits 52-week high on heavy volumes

The company's revenue has grown 67% to Rs 676 crore YoY in H1FY23 supported by its strong position in the export market

Hariom Pipe hits new high, up 9% on acquiring operating assets of RP Metal

The stock has zoomed 146 per cent from its issue price of Rs 153 per share, post its market debut on April 13, 2022.

Stocks to Watch: NBFCs, Punjab & Sind Bk, Capri Global, Welspun Enterprises

Stocks to Watch: Balrampur Chini, Indiabulls Housing Finance and Punjab National Bank (PNB) were the three stocks in F&O ban period on Wednesday.

Radiant Cash Management Services IPO subscribed just 53% on last day

The initial public offer of Radiant Cash Management Services was subscribed just 53 per cent on the last day of subscription on Tuesday. The Rs 388-crore initial share-sale received bids for 1,45,98,150 shares against 2,74,29,925 shares on offer, according to NSE data. The category meant for Qualified Institutional Buyers (QIBs) was fully subscribed, while non-institutional investors portion received 66 per cent subscription and Retail Individual Investors (RIIs) 20 per cent. The Initial Public Offer (IPO) has a fresh issue of up to Rs 60 crore and an offer for sale of up to 33,125,000 equity shares. Price range for the offer is at Rs 94-99 a share. IIFL Securities, Motilal Oswal Investment Advisors and YES Securities were the managers to the offer.

Bleeding shares of start-ups call for review of ESOP taxation policy

Companies generally deduct the tax payable at the time of allotment of shares by adding the income from ESOPs to employees' income as personal income tax

Key reasons why Sensex bounced back on Monday to rally 1,000 pts intra-day

Friday's correction saw a sharp short-covering on Monday as market put aside fears around the Covid-19 situation in China

Six big banks of Wall Street score $1 trillion of profit in a decade

While much of the world's attention was focused on the riches minted by Silicon Valley, banks were gaining momentum

Stocks to Watch: NTPC, LIC Housing, Alembic Pharma, SIS, Gail, Puravankara

Stocks to Watch: In the F&O space, Punjab National Bank (PNB) is the only stock in ban period on Tuesday.

Debt fund YTMs stabilise, but peak still a few basis points away

YTMs of all debt fund categories, except credit risk and overnight, in a narrow range of 6.3-7.3%

Santa rally on D-Street; Nifty tops 18K, Sensex gains 721 points

The Nifty reclaimed the 18,000 mark and ended the session at 18,014, a gain of 208 points or 1.1 per cent

eClerx Services slips 7% on turning ex-date for buyback via tender offer

The company has proposed to buy back 1.71 million equity shares at a price of Rs 1,750 apiece via tender offer route

Poonawala Fincorp surges 13% after a 15% decline in past four trading days

Motilal Oswal Financial Services recently initiated coverage on Poonawalla Fincorp with a 'buy' rating and a target price of Rs 350 per share

L&T gains 2% on 'significant' order wins for its water treatment business

The company did not disclose the exact value of the orders. The value of the project is between Rs 1,000 crore to Rs 2,500 crore, as per L&T

Will primary market investors remain steadfast in 2023?

Global headwinds forced India's primary market activity to take a backseat with new listings falling by around 50% from 2021. Will retail IPO investors remain energetic in 2023?

Usha Martin surges 13% on heavy volumes; stock nears record high

The counter saw combined trading volumes of nearly 3 million shares on the BSE and NSE in morning trades so far.

Stocks to Watch: Suven Pharma, Telecom, Restaurant, Travel, DLF, Tata Power

Stocks to Watch: Shares of restaurant and travel related firms are likely to be in foucs as government ups the ante to keep the new variant of Coivd-19 virus at bay.