Page 111 - Stock Market

Cracking the investment strategy: FPIs are bullish on finance, auto stocks

Load up on financials, automotive stocks in May

Stellar show by banks, but will it continue?

There are challenges ahead. It won't be easy for the banking sector to put up a better performance every quarter

Street signs: Mkts turn skittish near new highs, Index fund inflows & more

The benchmark indices registered declines in the previous two trading sessions, which could be a bearish sign, observe analysts

Titagarh Wagons rallies 8%; board to meet Saturday to consider fund raising

A meeting of the board of directors of the company is scheduled on Saturday, June 10, 2023 to consider a proposal to raise funds

Greenlam soars 15% as plywood facility begins operations in Tamil Nadu

The said facility has the potential to generate revenue of Rs 400 crore per annum on full capacity utilization. The total capex incurred for the project stands at Rs 130 crore

HAL hits new high on stock split plan; zooms over 700% from March 2020 lows

The board of directors of state-owned defence company will meet on June 27 to consider a proposal of stock split of the equity shares of the company having a face value of Rs 10 each

Nifty Pharma likely to weaken in near-term; adopt sell on rise approach

Nifty Pharma is weak on hourly charts. Traders should be cautious and sell on every rise, while Nifty Energy Index is in a range-bound phase, says Ravi Nathani

Suggest Bear Spread strategy on Bank Nifty for June series: HDFC Securities

Short term trend of the Bank Nifty has turned weak as it has closed below its 5 and 11-day EMA, says Nandish Shah of HDFC Securities

Apollo Pipes soars 6% to hit new high on healthy outlook; up 42% in 2023

CRISIL Ratings expects APL's revenue to grow by 11-12 per cent in the current fiscal 2024 supported by healthy demand, with Ebitda margin improving to 10-12 per cent

Recycling firm Vikas Ecotech plans to raise Rs 100 cr via QIP issue route

Recycling company Vikas Ecotech on Wednesday said it plans to raise Rs 100 crore through qualified institutional placement (QIP) route. The proceeds from the QIP issue, which opened on May 31, will be utilised to expand its business and fund working capital requirement, the company said in a statement. A proposal in this regard was approved by the board of the company at its meeting recently, it said. The board has approved the first tranche of QIP not exceeding Rs 50 crore and the remaining amount of Rs 50 crore through second/subsequent tranches, the statement said. Vikas Ecotech is expanding its business portfolio by manufacturing steel pipes and MDPE (medium-density polyethene) pipes. Last month, the company forayed into the real estate sector for development of commercial and residential projects in Gurugram, Haryana. The city-based company is engaged in the business of specialty polymers for applications in sectors like electrical, infrastructure, packaging, and automotive,

HBL Power rallies 10%; hits new high after nearly 7% equity changes hands

Till 02:50 PM; a combined 19.2 million equity shares, representing 6.9 per cent of total equity of HBL Power, had changed hands on the NSE and BSE

IKIO Lighting IPO collects Rs 182 cr from anchor investors at Rs 285 apiece

LED lighting solution provider IKIO Lighting Ltd on Monday said it has mobilised Rs 182 crore from anchor investors ahead of its initial share sale that opens for public subscription on Tuesday. The company has allotted 63.84 lakh equity shares to 16 funds at Rs 285 apiece, aggregating the transaction size to Rs 182 crore, according to a circular uploaded on the BSE website. Societe Generale, Citigroup Global Markets Mauritius, Goldman Sachs, Malabar India Fund, Quant Mutual Fund (MF), HDFC MF and ICICI Prudential MF are among the anchor investors. The issue, with a price band of Rs Rs 270-285 per share, will be open for public subscription during June 6-8. The IPO of the Noida-based firm consists of a fresh issue of equity shares worth up to Rs 350 crore and an offer-for-sale (OFS) of up to 90 lakh equity stocks by promoters Hardeep Singh and Surmeet Kaur. At the upper end of the price band, the initial share sale will fetch Rs 606.5 crore. Proceeds from the fresh issuance worth

Wipro shareholders approve Rs 12,000 cr share buyback at Rs 445 apiece

IT company Wipro shareholders have approved a share buyback programme worth Rs 12,000 crore, according to a scrutinizer report released on stock exchanges on Monday. The Wipro board had approved the buyback of 26.96 crore equity shares at a price of Rs 445 apiece. According to the Scrutinizer's report on the special resolution by way of postal ballot and e-voting process, 99.9 per cent voted in favour of the share buyback resolution. "The Chairman noted the results of voting as stated above and it was declared and recorded that the special resolution as set out in the Notice of Postal Ballot dated April 27, 2023, was duly passed by the shareholders on June 01, 2023, with requisite majority," the report said. The e-voting period commenced at in the morning of May 3 and ended at 5 pm on June 1. The Board of Wipro had approved a proposal to buyback up to 26,96,62,921 equity shares, being 4.91 per cent of the total paid-up equity shares of the company for an aggregate amount not ...

Stock of this SME company zooms nearly 100% on market debut

The stock price of Hemant Surgical Industries (HSIL) nearly doubled or zoomed 99.5 per cent to Rs 179.55, against its issue price of Rs 90 per share on the BSE on Monday

Westlife Foodworld makes its debut on the National Stock Exchange

Westlife was previously only permitted to trade, but it is now listed on both the NSE and the BSE

Nifty 50 to face resistance at 18,650; Nifty Bank may slip into downtrend

The Stochastic and RSI indicators are showing a downward slope for the Nifty Bank index, indicating a bearish outlook, says Ravi Nathani, an independent technical analyst

There is caution among retail investors, says Sharekhan's Gaurav Dua

The one-way rally in the broader market lasts for 17/18 months (on average) and is followed by a corrective phase of 18-24 months

More than skin-deep: Nifty Next 50 complexion to get a shade of difference

Removal of non-F&O stocks could lead to addition/subtraction of 11 stocks, triggering a Rs 5,000-crore churn

Auto, metal, FMCG shares lift Sensex 119 pts up; Broader markets outshine

Stock Market Live updates on June 2, 2023: At 7:15 am, the SGX Nifty quoted 18,619 levels, up 55 points

Apollo Hospitals hits 52-wk high on talks to raise $200 mn; up 8% in 2 days

Apollo Hospitals is looking to sell around 5-6 per cent stake in Apollo HealthCo at an expected enterprise value of $2.5-$3 billion, said a report by The Economic Times