Page 470 - Markets
Route Mobile rebounds 23% from 18-month low as board mulls buyback plan
The company said the board is scheduled to meet on Tuesday, June 28, 2022, to consider a proposal for buyback of fully paid up equity shares of the company
 "Route Mobile rebounds 23% from 18-month low as board mulls buyback plan")
Life may get tougher for mid, small size HFCs amid rising rates: Analysts
Analysts warn that housing finance companies (HFCs), which cater largely to affordable housing segment, may see some margin erosion
 "Life may get tougher for mid, small size HFCs amid rising rates: Analysts")
Maruti stock accelerates 6% on margin hopes; other auto stocks gain
The gains are on hopes of margin improvement due to stable commodities prices
 "Maruti stock accelerates 6% on margin hopes; other auto stocks gain")
Sensex rallies 443 pts; Nifty holds 15,550; Maruti rises 7%, Hero Moto 6%
CLOSING BELL: Maruti Suzuki, Eicher Motors, Hero MotoCorp, Bajaj Auto, M&M, and Tata Motors were the top Nifty gainers, advancing between 3.5 per cent and 6.7 per cent
 "Sensex rallies 443 pts; Nifty holds 15,550; Maruti rises 7%, Hero Moto 6%")
Ajanta Pharma extends fall, slips 2%; stock turned ex-bonus on Wednesday
The company had fixed June 23, 2022 as the record date for the bonus issue in the proportion of one equity share for every two equity shares held
 "Ajanta Pharma extends fall, slips 2%; stock turned ex-bonus on Wednesday")
Jain Irrigation to merge global biz Temasek-owned Rivulis; stock zooms 17%
Going forward Jain Irrigation Systems will focus on improving the India business to drive higher growth and margin in one of the fastest growing irrigation markets in the world
 "Jain Irrigation to merge global biz Temasek-owned Rivulis; stock zooms 17%")
This Rakesh Jhunjhunwala-owned stock hits new low; tanks 34% from IPO price
Star Health hit a record low of Rs 595, slipping 2.5 per cent on the BSE, its lowest level since its stock market debut.
 "This Rakesh Jhunjhunwala-owned stock hits new low; tanks 34% from IPO price")
Elecon Engineering hits over 14-year high; stock zooms 83% in 3 months
An order inflow guidance of around Rs 1,000 crore for FY2023 provides revenue visibility over the near term, analysts said
 "Elecon Engineering hits over 14-year high; stock zooms 83% in 3 months")
Oversupply of India bonds to drive yields to 8%: Standard Chartered
Standard Chartered estimates that excess India bond supply may total between Rs 3.8 trillion to Rs 6.3 trillion this fiscal year, according to a June 8 note
 "Oversupply of India bonds to drive yields to 8%: Standard Chartered")
Suven Life freezes at 20% upper circuit as board to mull rights issue
The stock had hit a 52-week low of Rs 62 on June 20, 2022, and has corrected 50 per cent from its record high level of Rs 124 touched on October 8, 2021
 "Suven Life freezes at 20% upper circuit as board to mull rights issue")
Sadbhav Engineering hits record low on weak earnings; tanks 52% in 1 month
India Ratings and Research expects the execution to remain sluggish in FY23, in view of the stretched liquidity position of the company
 "Sadbhav Engineering hits record low on weak earnings; tanks 52% in 1 month")
KPR Mill slips 9%, hits 52-week low as investors fret demand slowdown
With 24% correction in June, the stock of the garments & apparels maker has corrected 38% from its record high level of Rs 771.80
 "KPR Mill slips 9%, hits 52-week low as investors fret demand slowdown")
Eureka Forbes' MD & CEO resigns; stock surges 12% on heavy volumes
Eureka Forbes said the board of directors of the company has accepted the resignation of Marzin R. Shroff as the MD and Chief Executive Officer (Executive Director) of the company
 "Eureka Forbes' MD & CEO resigns; stock surges 12% on heavy volumes")
TMSEp198: Bird strike on planes, ex-servicemen jobs, markets, IPO vs FPO
What can be done to prevent bird hits on planes? How have ex-servicemen fared in finding govt jobs? Is there a silver lining for the markets? How is an IPO different from FPO? All answers here
 "TMSEp198: Bird strike on planes, ex-servicemen jobs, markets, IPO vs FPO")
Is there any silver lining for the markets amid current turmoil?
An initial public offer (IPO) and a follow-on public offer (FPO) are two types of public issues available to investors. Here is a breakdown of the differences between the two.
 "Is there any silver lining for the markets amid current turmoil?")
One-year returns for 75% equity funds now negative as market drags
International funds have given negative returns of 17% in the last one year, while pharma and banking funds are down by 12.5% and 8.1% respectively
 "One-year returns for 75% equity funds now negative as market drags")
Centre gets multiple bids for privatisation of Ferro Scrap Nigam Ltd
The eligibility criterion for bidders included a mandatory net worth of at least Rs 150 crore and a PAT in at least two of the immediately preceding five financial years
 "Centre gets multiple bids for privatisation of Ferro Scrap Nigam Ltd")
Lending app tries to take over 'whale' a/c to halt crypto collapse
Mounting Crypto Liquidations Make DeFi Go to Extremes: Industry fears contagion as Bitcoin struggles to keep above key level of $20,000
 "Lending app tries to take over 'whale' a/c to halt crypto collapse")
Slowdown concerns drag Tata Steel, Hindalco; BSE Metal hits 15-month low
Global growth is projected to slowdown from an estimated 6.1% in 2021 to 3.6% in 2022. Given this, Tata Steel, Hindalco Industries, and Vedanta have shed up to 35 per cent in the past one month
 "Slowdown concerns drag Tata Steel, Hindalco; BSE Metal hits 15-month low")
Greenlam surges 11% as board approves Rs 195-cr preferential issue to QIB
The board has approved issuance of up to 6.31 million equity shares to Smiti Holding and Trading Company Private Limited at a price of Rs 309 per share aggregating to Rs 195 crore
 "Greenlam surges 11% as board approves Rs 195-cr preferential issue to QIB")