The rally in microcap stocks, according to Devarsh Vakil, Deputy Head of Retail Research, HDFC Securities, has been on the back of growth in earnings in a lot of these companies
The GoI is focusing on improving the railway infra and ensures faster development and completion of tracks, rail electrification, rolling stock manufacturing and delivery of passenger freight services
Disconnect between earnings growth and stock prices, Bernstein said, is even more visible in the small-and mid-cap (SMID) universe
Non Institutional Investors oversubscribed the issue 9.38 times, while the Retail Individual Investors(RIIs) subscribed the issue 4.79 times
Solid surface manufacturer Durlax Top Surface plans to raise around Rs 40.80 crore through its initial public offer which will open for subscription on June 19, a statement said on Monday. The company, which has been involved in the business of solid surface for over a decade, has received approval to launch its public issue on the NSE Emerge Platform of the National Stock Exchange, Durlax Top Surface said in the statement. The company has fixed the price band at Rs 65-68 per share for the issue of 60 lakh shares which will open for subscription from June 19 to June 21, it added. The IPO comprises a fresh issue of 42 lakh shares worth up to Rs 28.56 crore and an Offer for Sale of 18 lakh shares worth up to Rs 12.24 crore. Out of the fresh issue of Rs 28.56 crore, the company plans to utilise Rs 17.50 crore to part finance working capital requirements and Rs 6 crore towards general corporate purposes. Investors can bid for a minimum of 2,000 shares and in multiples thereof. Promot
Nifty EV & New Age Automotive index will track the performance of companies that are part of the EV ecosystem
Marksans Pharma's net profit fell 4.5 per cent on a year-on-year (Y-o-Y) basis to Rs 78.3 crore in the March quarter of FY24, from Rs 82 crore in the March quarter of FY23
The court seeks reply from Sebi, NSE on the plea
According to industry players, one of the key requirements for approving NSE's IPO is for it to remain free from any tech-glitch for a year
Stock Market Highlights on Tuesday, April 16: Exide Industries, Titagarh Wagons, GE Shipping, Cochin Shipyard, Radico Khaitan and GSPL were among the top smallcap gainers
The exchange reiterated that its employees are not authorised to recommend any stock or deal in those stocks
Reliance Securities has also received approvals from the NSE, BSE, MCX, and NCDEX for transferring shares owned by existing promoter Reliance Capital to Hinduja-led Aasia Enterprises
Juniper Hotels, which runs hotels under the Hyatt brand, on Thursday fixed the price band of Rs 342-360 per share for its Rs 1,800 crore initial public offering (IPO)
The new Nifty 50 Net Total Return index aims to measure how Nifty 50 performs by taking into account reinvested cash dividends and gains from bonuses issued
NSE's chief executive and managing director Ashishkumar Chauhan on Thursday said retail investor participation is increasing in the markets, and the group has become a formidable force. Borrowing from a popular campaign run by the mutual fund industry, Chauhan said, "direct investing bhi sahi hai" (direct investing in equities is also correct). The NSE chief was, however, quick to add a caveat. Chauhan said he invests his personal wealth only in mutual funds and not in direct equity participation. Amid heightened concerns over retail investors' play in the more riskier futures and options segment, Chauhan presented a data, saying only 0.3 per cent of the overall traded premiums in the market in October were bets under Rs 1 lakh. He said there is a need to look at data before forming opinions, and not to be driven by beliefs. Retail investors now possess a wealth of Rs 60 lakh crore, which is about a fifth of the overall wealth of all the investors in the market, he said. This gro
Global factors may drive markets in the new Samvat
Infosys, TCS, HCL Technologies and Tech Mahindra were the biggest drag on the market performance
BSE's market share in the cash segment stood at 6.92 per cent
On Tuesday, the NSE Midcap 100 and Nifty Smallcap 100 logged their biggest declines since December
Thus far in calendar year 2023 (CY23), the S&P BSE Sensex and the Nifty 50 have seen a good run with both the indices surging nearly 10 per cent during this period