Page 39 - Nse

Red-hot smallcaps, PSUs run into rough weather; Sensex falls 523 points

Profit-taking on valuation concerns triggers collapse

NSE Q3 results: Profit rises 8% to Rs 1,975 cr, income at Rs 3,517 cr

The National Stock Exchange (NSE) on Saturday reported an 8 per cent rise in consolidated net profit to Rs 1,975 crore for three months ended December 2023. The consolidated income from operations stood at Rs 3,517 crore for the October-December quarter of the current financial year (2023-24), a surge of 25 per cent year-on-year, NSE said in a statement. Apart from trading, the total revenue was also supported by other revenue lines, including listing, index services, data services and co-location facility, the exchange added. During the first nine months of FY24, NSE contributed Rs 28,131 crore to the exchequer, which comprised STT (Securities Transaction Tax) of Rs 23,137 crore, Income tax (Rs 1,490 crore), Stamp duty (Rs 1,456 crore), GST (Rs 1,257 crore) and Sebi charges (Rs 791 crore). On the trading volumes front, cash markets recorded an average daily traded volumes (ADTVs) of Rs 80,512 crore, a growth of 50 per cent on a year-on-year (YoY) basis, equity futures reached an A

Capital Small Finance Bank's Rs 523 cr IPO subscribed 50% on Day 1 of offer

The initial share sale of Capital Small Finance Bank Ltd received 50 per cent subscription on the first day of bidding on Wednesday. The Rs 523 crore-IPO got bids for 40,77,696 shares against 81,47,373 shares on offer, as per data available with the NSE. The portion for Retail Individual Investors (RIIs) got subscribed 67 per cent while the quota for non-institutional investors received 38 per cent subscription. The category for Qualified Institutional Buyers (QIBs) got subscribed 29 per cent. The Initial Public Offering (IPO) has a fresh issue of up to Rs 450 crore and an offer for sale of up to 15,61,329 equity shares. Those selling shares in the OFS include Oman India Joint Investment Fund II, American Capital, and Amicus Capital Private Equity. The IPO comes in a price range of Rs 445-468 a share. Capital Small Finance Bank on Tuesday collected Rs 157 crore from anchor investors. It will utilise the proceeds from the fresh issue towards augmenting the tier-I capital base to

ChrysCapital Management to raise $300 million to retain NSE stake

ChrysCapital bought a 5 per cent stake in NSE, one of the largest stock exchanges in the world, in 2016. The firm wants to keep its investment until the bourse goes public

Morgan Stanley buys Paytm shares worth Rs 244 cr via open mkt transaction

Financial services major Morgan Stanley on Friday bought shares of Paytm's parent company One97 Communications for Rs 244 crore through an open market transaction. Morgan Stanley through its affiliate Morgan Stanley Asia (Singapore) Pte - ODI picked up shares of Noida-based Paytm's parent firm One97 Communications on the National Stock Exchange (NSE). According to the bulk deal data on the NSE, Morgan Stanley Asia (Singapore) Pte purchased 50 lakh shares, amounting to a 0.8 per cent stake in Paytm. The shares were acquired at an average price of Rs 487.20 apiece, taking the deal size to Rs 243.60 crore. Details of the sellers could not be ascertained. Shares of One97 Communications Ltd, which owns Paytm brand, slumped another 20 per cent on Friday, as the RBI has directed Paytm Payments Bank Ltd (PPBL) to stop accepting deposits or top-ups in any customer accounts, wallets, FASTags and other instruments after February 29. One97 Communications Ltd (OCL) holds a 49 per cent stake i

Dalal Street investors become richer by Rs 6 trillion as markets rally

The 30-share BSE Sensex jumped 1,240.90 points or 1.76 per cent to settle at 71,941.57. During the day, it soared 1,309.55 points or 1.85 per cent to 72,010.22

LIVE: Pneumonia outbreak kills over 200 children in Pakistan, says report

LIVE news updates today: Catch all the latest updates from around the world here

Transform Rural India to list on SSE; Nova Agri IPO subscribed 109 times

The SSE enables investors subscribe to zero coupon zero principal (ZCZP) bonds of non-profit organisations (NPOs), which are backed with robust standards of social impact and financial reporting

EPACK Durable IPO gets 16.37 times subscription on final day of offer

The initial share sale of EPACK Durable was subscribed 16.37 times on the final day of subscription on Wednesday. EPACK Durable manufactures room air conditioners and small household appliances. The Initial Public Offering (IPO) received bids for 32,70,94,495 shares as against 1,99,77,615 shares on offer, as per NSE data. The category for Non-Institutional Investors (NIIs) got subscribed 28.10 times while the quota for Qualified Institutional Buyers (QIBs) received 25.50 times subscription. The portion meant for Retail Individual Investors (RIIs) fetched 6.29 times subscription. The IPO has a fresh issue of Rs 400 crore and an Offer For Sale (OFS) of up to 1,04,37,047 equity shares. The price band was fixed at Rs 218-230 a share. EPACK Durable raised Rs 192 crore from anchor investors on January 18. At the upper end of the price band, the public issue is expected to mobilise Rs 640 crore. Founded in 2002, the company has integrated manufacturing facilities in Dehradun (Uttarakh

LIVE news: Tata Steel posts Rs 513 crore profit in Q3, revenue drops 3%

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Saturday blues: Exchanges see 30% drop in trading volumes, shows data

Market players said muted participation from institutional investors weighed on the activity, with several counters logging muted volumes

IREDA posts 67% rise in profit at Rs 355 crore in Oct-Dec quarter

State-owned IREDA on Saturday posted a 77 per cent rise in net profit at Rs 355.54 crore during the quarter ended December 2023, pushed by higher income. It had clocked Rs 200.75 crore net profit during the October-December period of the preceding 2022-23 fiscal, the company said in an exchange filing. During the quarter under review, the company's total income surged to Rs 1,253.19 crore, from Rs 868.97 crore a year ago. Its expenses were Rs 867.05 crore in the period under review, as against Rs 634.27 crore in the year-ago period. The equity shares of the company were listed on BSE and National Stock Exchange on November 29, 2023. IREDA, under the Ministry of New and Renewable Energy, is a non-banking financial institution engaged in promoting, developing and extending financial assistance for setting up projects related to new and renewable sources of energy and energy efficiency/conservation.

Equity markets to have normal trading session on Sat, holiday on Mon

Stock exchanges NSE and BSE on Friday said there will be normal trading sessions on January 20 and a trading holiday on January 22. Earlier, the bourses were scheduled to hold special trading sessions in the equity and equity derivative segment on January 20 (Saturday) to check their preparedness to handle major disruption or failure at the primary site. In separate circulars, NSE and BSE said there will be a normal trading session on Saturday. "Members are requested to note that the exchange shall be conducting regular trading sessions on Saturday, January 20, 2024, from the primary site in equity and equity derivatives segments as per regular market timings. Price bands applicable for normal trading day shall continue to be remain applicable on January 20, 2024," NSE said in its circular. Besides, it will be a trading holiday on January 22, with the Maharashtra government announcing a holiday in connection with the consecration of the Ram Temple in Ayodhya. The Maharashtra ...

EPACK Durable IPO subscribed 77% on first day of listing: NSE data

The initial public offering of EPACK Durable, an outsourced design manufacturer of room air conditioners, got subscribed 77 per cent on the first day of subscription on Friday. The initial share sale received bids for 1,53,54,560 shares, as against 1,99,77,615 shares on offer, as per NSE data. The category for Retail Individual Investors (RIIs) got subscribed 1.17 times while the portion for non-institutional investors attracted 82 per cent subscription. The Qualified Institutional Buyers (QIBs) part got subscribed 1 per cent. The Initial Public Offering (IPO) has a fresh issue of Rs 400 crore and an offer-for-sale of up to 1,04,37,047 equity shares. The IPO has a price range of Rs 218-230 a share. EPACK Durable Ltd on Thursday raised Rs 192 crore from anchor investors. At the upper end of the price band, the public issue is expected to mobilise Rs 640 crore. Proceeds of the fresh issue will be utilised for funding capital expenditure for the setting up of manufacturing faciliti

NSE retains largest derivative exchange tag for the fifth consecutive year

The exchange ranked third in the world in the equ­ity segment by num­ber of trades in 2023

NSE declared world's largest derivatives exchange for 5th straight year

The National Stock Exchange of India (NSE) has again emerged as the world's largest derivatives exchange in 2023, in terms of the number of contracts traded, according to the Futures Industry Association (FIA). This is the fifth straight year when the exchange earned the top position. Additionally, the exchange has ranked third in the world in the equity segment by number of trades in 2023, as per the statistics maintained by World Federation of Exchanges (WFE). The year 2023 has witnessed many milestones such as market capitalisation of listed companies surpassing USD 4 trillion, SME listed companies crossing the Rs 1 lakh crore mark and the Nifty 50 index surpassing the 20,000 index levels for the first time. Also, the number of unique registered investors on the exchange reached 8.5 crore at the end of the calendar year. "Ranking third in the equity segment and being the largest derivatives exchange demonstrates the strong capabilities of the Indian capital market ecosystem on

Minda Corp divests 15.07 pc stake in Pricol worth Rs 631 crore

Minda Corporation on Wednesday offloaded a 15.07 per cent stake in automotive components maker Pricol Ltd for around Rs 631 crore through an open market transaction. ICICI Prudential Mutual Fund (MF), Fidelity India Fund, Tata MF, Aditya Birla Sun Life Insurance Company, Goldman Sachs India, City of New York Group Trust, and Carnelian Asset Management & Advisors, among others, were the buyers of Pricol's shares on the National Stock Exchange (NSE). Minda Corporation Ltd sold more than 1.83 crore shares, amounting to a 15.07 per cent stake in Pricol, as per the block deal data available with the NSE. The shares were disposed of at an average price of Rs 343.50 apiece, taking the transaction size to Rs 631.23 crore. After the latest transaction, Minda Corporation's shareholding has declined to 0.63 per cent from a 15.70 per cent stake (at the end of December quarter) in the company. The scrip of Pricol Ltd rose 3.35 per cent to close at Rs 380.50 apiece on the NSE.

Corporates mop up record Rs 9.58 trillion from market in 2023: Report

India Inc mopped up a record Rs 9.58 lakh crore from the market in 2023, registering an increase of 26 per cent from the year-ago period, according to market data. In 2022, fund mobilisation through corporate bonds on private placement basis stood at Rs 7.58 lakh crore, according to the data collated by Primedatabase. In terms of volume, Primedatabase said, adding there were as many as 920 issuers in 2023, which was 863 in the previous year. The data include both listed and unlisted debt which have tenor and put/call option of above 365 days. Pranav Haldea, the managing director of Primedatabase, attributed the surge to higher credit demand and liquidity constraints in the banking system. The highest mobilisation was made by the financial institutions and banks mopping up Rs 4.72 lakh crore, 29 per cent more than Rs 3.66 lakh crore raised in 2022. Also, the private sector mobilized 40 per cent more at Rs 4.45 lakh crore, compared to Rs 3.18 lakh crore in 2022, he said, adding ...

US-based Capital Group sells Polycab India's shares worth Rs 337 crore

Financial Services company Capital Group on Thursday sold shares of electrical goods company Polycab India for Rs 337 crore through an open market transaction. US-based Capital Group through its affiliate SmallCap World Fund Inc offloaded shares of Polycab India on the National Stock Exchange (NSE). According to the bulk deal data with the NSE, SmallCap World Fund Inc disposed of 8,51,003 shares of Polycab India. The shares were offloaded at an average price of Rs 3,955.87 apiece, taking the deal value to Rs 336.64 crore. Details of the buyers could not be ascertained. On Thursday, the scrip of Polycab India nosedived 20.50 per cent to close at Rs 3,904.70 per piece on the NSE.

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