Page 151 - Share Market

BSE mulls another buyback, board to meet on July 6; shares soar

If the board approves, this will be the third share repurchase by the country's only listed equity bourse since its listing in January 2017

Jewellery retail major Senco IPO price band at Rs 301-317 per share

Jewellery retail major Senco Gold Ltd has fixed a price band of Rs 301 to Rs 317 for its Rs 405 crore initial public offering (IPO), which will open for public subscription on July 4, the company said on Monday. The initial share sale will conclude on July 6 and the bidding for anchor investors will open on July 3, according to the Red Herring Prospectus. The bids have to be made for a minimum of 47 shares of Rs 10 each and multiples thereof. The Senco IPO comprises a fresh issue of equity shares aggregating up to Rs 270 crore and an offer-for-sale of equity shares to the tune of Rs 135 crore by selling shareholder SAIF Partners India IV Ltd, the RHP said. At present, SAIF Partners has 19.23 per cent stake in the jewellery retail chain. It will be offloading its stake by 8-9 per cent in this issue, Senco managing director and CEO Suvankar Sen said. Another PE fund sponsored by the Oman Investment Authority and State Bank of India which has invested Rs 75 crore in the Kolkata-base

A crystal-ball gaze into second half of calendar 2023's fortunes

HEARD ON THE STREET: Persist, pivot or pause? All eyes on Fed and central banks as brokerages turn market psychics

Stock market holiday: NSE, BSE to remain shut today on account of Bakri Eid

Stock market holiday was changed from June 28 to June 29 after the Maharashtra government issued an order, postponing the data of the Bakri Eid holiday in the state

ideaforge Technology IPO receives 50 times subscription on Day 3 of sale

Drone maker ideaforge Technology's Initial Public Offer (IPO) received 50 times subscriptions on day three of the share sale on Wednesday. The company's issue period was revised, as Thursday, June 29, is a holiday on the occasion of Bakri Id. Now, the offer will conclude on June 30. The Rs 567.24-crore initial share sale received bids for 23,24,32,420 shares against 46,48,870 shares on offer, as per data available with the NSE. The portion for Retail Individual Investors (RIIs) garnered 64.41 times subscriptions, while the non-institutional investor's quota got subscribed 63.94 times. The category for Qualified Institutional Buyers (QIBs) received 38.15 times the subscription. The initial public offer has a fresh issue aggregating up to Rs 240 crore and an offer for the sale of up to 48,69,712 equity shares. The price range for the offer is Rs 638-672 a share. Proceeds from the fresh issuance to the tune of Rs 50 crore will be utilised for debt payment, Rs 135 crore towards fundi

Stock market holiday on Bakri Id rescheduled to June 29 from June 28

This comes after the Maharashtra government postponed the Bakri Id holiday in the state to June 29 from June 28

PE firms, promoters go for block deals as markets scale new peaks

Strong inflows from foreign portfolio investors (FPIs) and encouraging valuations are underpinning the deal momentum

Street Signs: Spotlight on IKIO, CSK hits unlisted market for a six & more

Chennai Super Kings (CSK) is a champion in the unlisted market. Shares of CSK have rallied more than 10 per cent following its surprise victory in the recently concluded IPL

Revision of ONDC discounts lifts Zomato stock 5% at Rs 71.15 apiece

Last month, the food delivery platform reported a narrowing of losses on both year-on-year (YoY) and sequential bases for the March quarter

Finfluencers now 'renting' research analyst licences in fear of Sebi action

They are charging a rent of 20% of the fee they make by providing trading calls and stock tips

Institutions lap up Coal India shares with bids worth Rs 6,500 crore

Institutional investors lapped up Coal India shares in this fiscal's maiden government stake-sale, with Rs 6,500 crore bids pouring in on the first day of the offer-for-sale. The government had offered over 8.31 crore shares to institutional investors on Thursday under the offer-for-sale (OFS), but received bids for 28.76 crore shares or 3.46 times. At the indicative price of Rs 226.12 a share, the bids of institutional buyers are worth Rs 6,500 crore. "Offer for Sale in CIL received enthusiastic response from non-retail investors today. The issue was subscribed 3.46 times of the base size. The government has decided to exercise the green shoe option. Retail investors get to bid tomorrow," Department of Investment and Public Asset Management Secretary Tuhin Kanta Pandey tweeted. The government currently holds 66.13 per cent in CIL. The stake sale in Coal India will help the government inch towards the Rs 51,000-crore disinvestment target set for the current fiscal. In the two-day

Sensex extends rally to 4th day, ends 123 pts higher; ITC, IT stocks shine

CLOSING BELL ON MAY 30, 2023: The NSE Nifty 50 gained 35 points at 18,634; while the Bank Nifty hit a fresh all-time high at 44,499.

Sensex ends 298 pts up, Nifty reclaims 18,200 led by Adani, auto, IT stocks

Stock Market Live on May 19, 2023: NTPC, Power Grid, Punjab National Bank, JSW Steel, Zomato, Glenmark Pharma and Delhivery will be on the radar ahead of their Q4 nos

Sensex climbs 179 pts in fag-end, Nifty tops 18,300; auto, bank stocks lead

CLOSING BELL: The fag-end rally was powered by IndusInd Bank, Bajaj Finance, Tata Motors, Reliance Industries, HDFC Bank, Maruti Suzuki, and Bajaj Finserv

Vardhman Textiles' net profit up 52% QoQ; declares Rs 3.5 dividend a share

The company reported a net profit of Rs 749 crore for the financial year 2022-23 (FY23) on a standalone basis

Stable macro data, earnings trigger FPI buying in shares in April: NSDL

The benchmark Nifty 50 jumped 4.06% in April, its best month since November, aided by the stable earnings as well the return of the FPIs into domestic equities

Multi Commodity Exchange shares tumble nearly 8% after CTO steps down

The firm's scrip tanked 7.77 per cent to Rs 1,372.1 apiece on the NSE. On the BSE, it plunged 7.71 per cent to Rs 1,373 per piece

Share market reverse intraday losses on Wed, shrug off US recession fears

Analysts also anticipated caution from investors ahead of the U.S. Federal Reserve rate decision on May 3. The odds of a 25-basis point rate hike stand at 80.7%

Shares of Avalon Tech slump more than 9% on debut, end at Rs 396.3

The firm's Rs 865-crore IPO-the biggest this calendar year-had garnered subscription of little over two times

Subdued outlook: Tsunami of rating downgrades sinks Infosys stock

Over 10 brokerages lower price targets after guidance disappointment