Page 61 - Stock Market

Bajaj now third most valued finance group; overtakes State Bank of India

Bajaj Housing Finance, which more than doubled on listing day, added Rs 1.36 trillion to the group's mcap

Leela hotels owner Schloss files IPO papers to raise for $599 million

The company has 12 operational hotels across ten cities in India and is planning to add eight new hotels through 2028, Schloss said in its IPO prospectus

Shorter LTCG holding period seen boosting gold exchange traded-fund inflows

Strong outlook for gold, absence of SGB issuances also among factors

Spice brand MTR's owner Orkla exploring IPO in 2025, says top executive

The company is looking to expand its play in the international market-with a focus on Gulf Cooperation Council (GCC) countries

Sebi order on Axis Capital: Axis Bank says complied with regulatory norms

Bank's arm was restrained by Sebi from taking new assignment as merchant banker in debt segment

Investors subscribe Arkade Developers' IPO 29.42 times offer size on day 3

The initial public offer of Arkade Developers got subscribed 29.42 times on Wednesday, day three of the share sale. The Rs 410-crore initial share sale received bids for 69,94,46,440 shares against 2,37,75,719 shares on offer, according to NSE data. The quota for non-institutional investors garnered 58.80 times subscription while the Retail Individual Investors (RIIs) part got subscribed 33.26 times. The portion for Qualified Institutional Buyers (QIBs) received 61 per cent subscription. The initial public offer of Arkade Developers Ltd got fully subscribed on the first day of the share sale on Monday and ended the day with 5.79 times subscription. Realty firm Arkade Developers Ltd has raised Rs 122.40 crore from anchor investors. The company has fixed a price band of Rs 121-128 per share for its Rs 410-crore initial public offering. The initial share sale will conclude on September 19. The IPO is entirely a fresh issue of equity shares worth Rs 410 crore with no offer-for-sale

Oswal Pumps files IPO papers with Sebi to raise Rs 1k cr via fresh issue

Haryana-based Oswal Pumps has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO). The IPO is a combination of fresh issue of equity shares worth Rs 1,000 crore and an offer-for-sale (OFS) of up to 1.13 crore equity shares by promoter Vivek Gupta, according to the draft red herring prospectus (DRHP) filed on Tuesday. The company may consider raising up to Rs 200 crore in a pre-IPO placement. If such placement is completed, the fresh issue size will be reduced. Proceeds from the fresh issue will be used for funding certain capital expenditures of the company; investment in wholly-owned subsidiary, Oswal Solar in the form of debt or equity, setting up new manufacturing units at Karnal, Haryana, payment of debt, and for general corporate purposes. Oswal Pumps commenced its operations in 2003 by manufacturing low-speed monoblock pumps and over the years, it expanded its operations to manufacture grid-connected high-speed

Post-Covid: Households shift to equities amid attractive returns

This trend is being amplified by strong returns in the equity markets in recent years, said Kotak Institutional Equities in a report

Traders shy away from Modi-linked stocks in shift to defensive sectors

A few recent policy reversals highlight the element of uncertainty that investors must grapple with after a decade of certainty, as Modi increasingly leans on coalition partners

Markets hinge on Jerome Powell emulating Greenspan to avoid a recession

To Kristina Hooper, chief global market strategist at Invesco, the US economy looks set to avert a recession as the Fed starts easing policy just ahead of the US election

Multiple growth triggers to drive gains for United Spirits stock

Growth on top: Premiumisation and strategic pricing raise the bar for its Prestige and Above portfolio

Investors subscribe Western Carriers' IPO 79% times offer size on first day

The Kolkata-based company's initial public offering (IPO) is available for subscription in the price range of Rs 163 to Rs 172 per share

Bulls take charge: Sensex breaches 83,000 on global rate-cut hopes

In India, metal stocks were the biggest gainers, with the Nifty Metal index surging 2.9 per cent on hopes that a cut in interest rates in China will boost consumption

Higher limit in FPIs: NRI investments in Gift City off to a slow start

Industry participants note that while there is interest from NRIs and investors, some are reluctant to provide PAN and know-your-customer (KYC) details

Bajaj Housing Finance Rs 6,560 crore IPO booked 7.50 times on day 2

The initial share sale got bids for 5,45,85,77,822 shares against 72,75,75,756 shares on offer, as per NSE data

Investors subscribe PN Gadgil's IPO two times offer size on day 1

The initial public offer of jewellery retail chain PN Gadgil Jewellers Ltd got fully subscribed within a few hours of opening for bidding on Tuesday and ended the day with a two-time subscription. The Rs 1,100 crore initial share sale received bids for 3,38,86,720 shares against 1,68,85,964 shares on offer, translating into 2.01 times subscription, according to the NSE data. The portion for non-institutional investors got booked 3.26 times and the quota for Retail Individual Investors (RIIs) received 2.61 times subscription. The Qualified Institutional Buyers (QIBs) part got subscribed 1 per cent. PN Gadgil Jewellers Ltd on Monday said it has raised Rs 330 crore from anchor investors. The initial public offering (IPO) will conclude on September 12. The price band for the offer has been fixed at Rs 456-480 per share. The Maharashtra-based company's IPO is a combination of a fresh issue of equity shares worth up to Rs 850 crore and an offer for sale (OFS) of equity shares to the tun

Share Market Today: Global markets' rebound, P N Gadgil Jewellers IPO eyed

Share Market Today: Global markets bounce back, Adani Group turns the heat on Bangladesh, P N Gadgil Jewellers IPO opens today

Sebi levels playing field: FVCIs subject to same governance norms as FPIs

Mandates disclosure of beneficial ownership, allocates registration and monitoring responsibility to DDPs

Asian markets dip after Wall Street had its worst week in nearly 18 months

Asian stocks fell Monday after another rout hit Wall Street on Friday, as a highly anticipated update on the US job market came in weak enough to add to worries about the economy. The Nikkei 225 index was hovering around its lowest level in almost a month during morning trading, and it slipped 0.5 per cent to close at 36,215.75. Japan's gross domestic product grew by an annualised 2.9 per cent in the second quarter, according to revised data from the Cabinet Office released on Monday. This was below expectations. Any broader risk aversion may have an amplified effect on Japanese equities, with safe-haven flows potentially supporting the yen, which is looked upon as negative for the country's exporters, Yeap Jun Rong, market strategist at IG, said in a commentary. The US dollar was trading at less than 143 Japanese yen in Monday trading. Stocks in Chinese markets also racked up losses after worse-than-expected inflation data disappointed investors. Data from the National Bureau of

Share market today: Global markets, Bajaj Housing IPO, Ola Electric eyed

Share market today: Market in Asia dragged after worries about a possible US economic downturn slammed Wall Street on Friday. Bajaj Housing Finance IPO opens, while Gala Precision will list.