Page 12 - Shares

SEC floats stronger insider trading rules as executive stock sales surge

Chairman Gary Gensler cites the 'dash for cash' among investors at start of the pandemic

Anand Rathi Wealth gains 6% on debut, ends at Rs 583.5 vs Rs 550 IPO price

At the closing price, the company was valued at Rs 2,428 crore

World shares mixed as markets await word from Fed meeting

Shares opened higher in Europe on Tuesday after Asian shares followed Wall Street lower as investors awaited fresh US inflation data and the outcome of a meeting of the Federal Reserve. Benchmarks advanced in Paris, London and Frankfurt, but fell in Hong Kong, Shanghai and Tokyo. The Labor Department's Producer Price Index for November is due out Tuesday. That shows how inflation is impacting costs for businesses and is important given the Fed meeting on Tuesday and Wednesday. The US central bank could announce plans to accelerate its timetable for reducing bond purchases aimed at keeping long-term interest rates low. Markets have kept their cool despite warnings that the omicron coronavirus variant is spreading rapidly in Britain and some other regions. In London, the FTSE 100 gained 0.6% to 7,274.71, while Germany's DAX added 0.4% to 15,678.78. In Paris, the CAC 40 climbed 0.5% to 6,979.16. U.S. futures also rose, with the contract for the S&P 500 and the Dow industrials up ...

Greenlam shares gain after board approves 5-for-1 stock split

Separately, the company informed that the board of its wholly-owned subsidiary Greenlam South has approved setting up a greenfield project for manufacturing of Particle Board at Nellore

Exchange date of American Depositary Shares extended till Jan 10: Vedanta

Holders of American Depositary Shares (ADS) can now surrender their ADSs at any time on or prior to January 10, 2022, Vedanta said.

Hinduja arm NXTDigital's shares up around 40% in 2 trading sessions

When benchmark Indian indices were on a downward trend due to Omicron concern-led weak broader market sentiment, shares of NXTDIGITAL have risen around 40 per cent in the past two trading sessions.

Revenues of Indian public tech firms grew 4.5% QoQ, 17.8% annually: Nasscom

Digital and cloud the key drivers, with the share

Vedanta promoters buy 138.6 mn shares in Vedanta Ltd at Rs 349.7 per share

The promoters had put an offer for 170 million shares

Latent View jump 2.5x on debut, ends at Rs 489 versus offer price of Rs 197

The stock hit a high of Rs 549 and a low of Rs 462. Market players said at higher levels HNIs rushed to book profits to recover their investment cost

Aramco deal collapse hits RIL shares, market cap loss at Rs 72,000 cr

Analysts said market was factoring in a full $75 bn valuation for O2C segment. Irrespective of the refining and petrochem cycle, the key catalyst for the market was Aramco deal closure

Fino Payments shares drop 11% intraday on debut, before ending 6% down

Weak debut follows modest response to the firm's share sale. Its Rs 1,200-cr IPO was subscribed just two times

UBS Principal Capital Asia sells InterGlobe Aviation shares worth Rs 900 cr

UBS Principal Capital Asia Ltd on Friday sold shares of InterGlobe Aviation Ltd worth over Rs 900 crore, through open market transaction.

Labware company Tarsons Products' Rs 1,024-crore IPO to open Monday

The price band is Rs 635-662, firm will raise Rs 150 cr in fresh capital, OFS component is worth Rs 874 crore.

Airbnb results beat estimates as company weathers Delta crisis

The companies revenue grew 67 per cent to $2.2 billion in the third quarter, Airbnb said

Peloton lowers forecast after pandemic sales' boom turns to bust

The grim outlook sent the stock tumbling as much as 30% to $60.12 in late trading. Even before the swoon, Peloton shares were down 43% this year.

SBI Cards' shares shed 6.3% following a mixed bag in Q2

Analysts, however, remain positive with target prices indicating 13-25% upside on expectations of strong growth in FY22 earnings

JM Financial's Sept quarter net up 25% on surge in share sale fee income

The company posted a net profit of Rs 174.43 crore in the three-month period, compared with Rs 139.06 crore in the same period of last year.

Markets regulator Sebi relaxes eligibility criteria for SR shares

Market participants are of the view that certain aspects of the current framework on SR shares are onerous, which delays such issuer companies from raising funds from capital markets

World stocks at 1-month high as bond yields soften, tech shares rally

World stocks climbed to a one-month high on Tuesday due to rally in technology shares and prospects of solid corporate earnings

Airtel's right entitlement trading off to flying start, close 24% higher

The REs should rise further as they ended at the day's upper trading limit