Page 130 - Share Market

Standard Glass Lining Tech files IPO papers with Sebi to raise funds

Standard Glass Lining Technology Ltd, which manufactures specialised engineering equipment for pharmaceutical and chemical sectors, has filed preliminary papers with capital markets regulator Sebi to raise funds through an Initial Public Offering (IPO). The Telangana-based company's IPO is a combination of fresh issuance of shares worth Rs 250 crore and an Offer For Sale (OFS) of up to 1.84 crore equity shares by promoters and other selling shareholders, according to the Draft Red Herring Prospectus (DRHP). Those selling shares in the OFS include -- S2 Engineering Services, Standard Holdings, Kandula Ramakrishna, Kandula Krishna Veni, Nageswara Rao Kandula, Katragadda Venkata Ramani and Venkata Siva Prasad Katragadda. The company may consider raising up to Rs 50 crore in the pre-IPO placement. If such placement is completed, the fresh issue size will be reduced. Proceeds from the fresh to the extent of Rs 130 crore will be used for payment of a debt, Rs 30 crore for investment in a

ION Exchange, Mphasis: Mid, smallcap stocks surge in trade; check reasons

The BSE Midcap index climbed 1.81 per cent during intra-day trade, driven by gains in SJVN, Ashok Leyland, and Mphasis

Budget 2024-25 throws STCG googly at sovereign wealth, pension funds

It proposes to tax gains arising on transfer or redemption or maturity of unlisted debentures or bonds to be deemed as short-term capital gains

Govt, Sebi warnings pile up as retail participation in stock mkt explodes

The regulator has repeatedly urged small investors to resist their instinct to make a quick buck from trading

Nuvama upgrades United Spirits to 'Buy' on stellar margin delivery in Q1

Brands such as Don Julio, Johnny Walker, RC American Pride, Godawan and McDowell X Series also performed well during the quarter.

Budget 2024: How stock market experts decode Nirmala Sitharaman's speech

Following the Finance Minister's speech, experts have shared their outlook and key takeaways from the Budget 2024 announcements

FM hikes short & long term capital gains tax, Sensex & Nifty crack

Short-term capital gains tax raised to 20%, long term to 12.5%

South Indian Bank share price jumps 6% on strong June quarter show

The bank's standalone net profit rose 45.4 per cent to Rs 294.1 crore in Q1FY25, as opposed to Rs 202.4 crore in Q1FY24.

Asia stocks dip as geopolitical uncertainty adds headwinds fro investors

MSCI's broadest index of Asia-Pacific shares outside Japan slid 0.1 per cent and was headed for its worst week in over a month with a 2.4 per cent loss

Hi-Tech Pipes zooms 6% on achieving highest ever sales volume in Q1FY25

The uptick in the stock price came after the company released its sales volume update for the June quarter of financial year 2025 (Q1FY25).

Stocks to watch, July 18: Infosys, RIL, Vi, LTIM, Asian Paints, Paytm

Domestically, foreign institutional investors were net buyers on July 16, acquiring shares worth Rs 1,271.45 crore, whereas domestic institutional investors sold shares worth Rs 529.48 crore.

Udaipur Cement stock price slips over 5% after June quarter results

The fall in the share price came after the company witnessed a mixed set of June quarter (Q1FY25) results

Paytm gets warning from Sebi for old transactions with banking unit

Paytm, in its response, said it believes it has consistently acted in compliance with regulation, and added that there is no impact on financials and operations of the company due to the warning

Bharat Agri stock rallies 4% on launching new high rise tower in Thane

The uptick came after the company said it has launched a high rise tower, Wembely-24, which has Ground plus 60 floors. It stands as the tallest tower in Majiwada, Thane

Nuvama says 'Buy' Emami stock for 20% upside; eyes strong growth in FY25

Analysts reckon Emami shall deliver a strong FY25, with near double-digit top-line growth and margin expansion

5Paisa Capital stock price rallies 12% on solid June quarter performance

The surge in the share price came after the company announced a strong set of June quarter earnings (Q1FY25)

Global markets ramp up 'Trump Trade' after attempted assassination

Equity investors are preparing for at least a near-term jump in volatility when S&P 500 futures start trading at 6 pm in New York

Foreign banks snap up short-term Indian sovereign bonds: Bank of America

Investors' eagerness for short-term bonds are driven by lower supply of treasury bills

Quant MF gets new CFO, says move unrelated to Sebi investigation

Says previous CFO Harshal Patel had resigned in February

Yen choppy amid intervention concerns, Asian shares eye weekly gain

Moves in the yen against the dollar and other major currencies stole the spotlight on Friday