Page 430 - Markets

Brokers fret as secondary market ASBA gains motion with new UPI feature

They are staring at a 15-20% drop in the revenues they make from interest on the surplus funds clients park with them. Something similar had played out when ASBA was launched for IPOs

Fusion hits highest level since debut; soars 29% from listing day low

On December 9, rating agency ICRA upgraded its credit rating on the company to A/Stable from 'A- / Stable'

Paytm, Nykaa: Will 2022's bloodbath in new-age stocks continue in 2023?

Paytm, Policybazaar, Zomato, and Nykaa have been the worst hit, falling between 50.5 per cent and 60 per cent thus far in 2022

YES Bank makes preferential allotment to Carlyle, Advent; stock dips 8%

Morgan Stanley has initiated the coverage on YES Bank with 'underweight' rating and a price target of Rs 20.50 per share

Will fortune change for new-age stocks in 2023?

New-age stocks had a nightmarish 2022. Paytm's shares crashed over 70% from their issue price. Nykaa tumbled nearly 85%. Analysts feel 2023 may bring more pain for some of these stocks

Paytm board approves Rs 850-crore share buyback via open market

Company's directors and key management personnel will not sell any shares during the buyback period

Gold ETFs log Rs 195 crore outflow in November on profit booking

After attracting funds in October, gold exchange-traded funds (ETFs) witnessed a net outflow of Rs 195 crore last month primarily due to profit booking amidst a rally in the markets. In comparison, the segment had attracted a net inflow of Rs 147 crore in October and Rs 330 crore in September. Prior to that, gold ETFs saw a net withdrawal of Rs 38 crore in August, data with Association of Mutual Funds in India (Amfi) showed. "The latest outflow could be attributed to profit booking amidst the rally in the markets and gold demand in the households for the prevailing wedding season," Priti Rathi Gupta, Founder of LXME, said. While the fund inflow in October was mainly on account of festive season demand as investors might have chosen to buy physical gold. Overall, the gold ETF category has received a net inflow of Rs 1,121 crore so far this year, the data showed. Despite the outflow, the assets under management (AUM) of the instrument surged to Rs 20,833 crore at the end of November

With over 100 profitable startups India poised to see IPOs in next 5 yrs

While the stock performances of tech IPOs, compared to other consumer companies, witness a steeper crash, India is poised to see more than 100 large-scale profitable/path-to-profitability startups

Macrotech Developers below QIP price after 7% fall today; down 25% in 1 yr

Macrotech Developers' promoters have raised Rs 3,547 crore by selling shares around 7.2% of the company's equity share capital to institutional investors at the offer price of Rs 1,026 per share

TMS Ep323: Budget impact on taxes, Cyber attacks, Markets, Share buyback

How will Budget 2023 affect your taxes and investments? How can you protect your bank account from cyberattacks? Will 2023 belong to the Bulls or the Bears? What is a share buyback? All answers here

Uniparts India makes tepid market debut; shares settle nearly 7% lower

Shares of engineering systems and solutions provider Uniparts India made a tepid market debut on Monday and settled nearly 7 per cent lower against the issue price of Rs 577. The company's shares debuted at Rs 575 -- 0.34 per cent lower than the issue price of Rs 577 on the BSE. During the day, it fell 7 per cent to Rs 536.15. It settled at Rs 539.55 apiece, a decline of 6.49 per cent. On the NSE, it started the trade at Rs 575 and ended at Rs 537.60 per share, lower by 6.82 per cent. Its market valuation was at Rs 2,435.19 crore on the BSE. In volume terms, 5.06 lakh shares were traded on the BSE during the day and 75.30 lakh shares on the NSE. The Initial Public Offer (IPO) of Uniparts India was subscribed 25.32 times earlier this month. The IPO of up to 1,44,81,942 equity shares had a price range of Rs 548-577 per share. Uniparts India is a global manufacturer of engineered systems and solutions.

Sula Vineyards: Should you subscribe to India's largest wine seller's IPO?

Sula Vineyards' revenue contribution from its own brands in the wine business rose from 63.6% in FY20 to 84% in FY22 as imports sharply came down from 31% to 7.9% during this period

LIC gains 4%, hits over 3-month high in subdued market

The government aims to appoint a private sector professional as the first chief executive of the LIC in an effort to modernise its largest insurer after a disappointing stock market debut

Gravita surges 36% in 6 days as arm starts aluminium recycling unit in Togo

The company said it is expecting additional revenue of nearly Rs 60 crore per annum with gross margins of about 26 per cent from the new capacity

IHC, Mahindra Holidays: Time to check-in hotel stocks this holiday season?

Hotel stocks are seeing healthy accumulation with select stocks eyeing up to 35 per cent jump this travel season

YES Bank up 19% in 2 days on RBI nod to proceed with Carlyle, Verventa deal

On Friday, the Reserve Bank of India (RBI) issued two letters to YES Bank as the final go-ahead for its proposed capital raise plan from the Carlyle Group and Verventa Holdings

VA Tech Wabag surges 12%, hits 52-week high on order win worth Rs 260 crore

The company has secured industrial waste water treatment order in Romania worth about Rs 260 crore (30 million euros)

IT stocks tumble as Credit Suisse warns of valuation-led correction

Indian IT valuations, the brokerage and research house argues, are at large premium to history despite material correction from the top

OZiva buyout to improve HUL's health and wellbeing in long-run: Analysts

HUL is currently present at the mass end in supplement and wellness space through Horlicks. OZiva & Wellbeing Nutrition acquisitions will help grow presence in the premium segment

Here's why Sensex slumped nearly 700 pts in Friday's intra-day trade

Analysts say the correction is nothing to be worried about as it is typical of markets to consolidate after reaching new record highs