Page 67 - Stock Market

Open to feedback on tax changes but... read FinMin latest remark on Budget

Union Finance Minister Nirmala Sitharaman's recent remark follows feedback from several experts and salaried individuals who feel that the Budget did not provide sufficient relief to the middle class

CrowdStrike short sellers net $461 mn after stock plunges on Windows outage

The contrarian group reaped paper profits of $461 million on the cybersecurity software company's 11% drop, according to data from S3 Partners LLC

Chorus around rising retail interest in riskier derivatives gets louder

Says mkt claim on real economy 'excessively high', warns it may lead to instability

Budget 2024 Updates: Finance Minister Nirmala Sitharaman to present the Union Budget on Tuesday

Union Budget 2024: As Finance Minister Nirmala Sitharaman presents the Union Budget on Tuesday, markets expect tax cuts, infra spending, and a boost to rural demand. Stay with us for all updates

Investor subscribe Sanstar IPO 13.47 times offer size on day 2 of offer

The initial public offer of plant-based speciality products company Sanstar Ltd received 13.47 times subscription on the second day of share sale on Monday. The Rs 510-crore initial share sale got bids for 50,64,45,900 shares against 3,75,90,000 shares on offer, according to NSE data. The category for non-institutional investors received 32.84 times subscription while the quota for Retail Individual Investors (RIIs) got subscribed 12.14 times. The portion meant for Qualified Institutional Buyers (QIBs) fetched 1.29 times subscription. The IPO has a fresh issue of up to 4.18 crore equity shares and an offer for sale of up to 1.19 crore equity shares. The IPO has a price range of Rs 90-95 per share. On Thursday, Sanstar Ltd said it has collected Rs 153 crore from anchor investors. Proceeds from the fresh issue to the tune of Rs 181.55 crore will be utilised to fund the capital expenditure requirement for the expansion of the company's Dhule facility, Rs 100 crore for debt payment a

Stallion India Fluorochemicals gets Sebi's nod to raise funds through IPO

Refrigerants supplier Stallion India Fluorochemicals has received Sebi's go-ahead to raise funds through an initial public offering (IPO), an update with the markets regulator showed on Monday. The proposed IPO comprises a fresh issue of up to 1.78 crore equity shares and an offer-for-sale (OFS) component of up to 43.02 lakh shares by its promoter Shazad Sheriar Rustomji, as per the Draft Red Herring Prospectus (DRHP). Proceeds from the issue will be used towards funding working capital requirements, capital expenditure for its proposed facilities in Maharashtra and Andhra Pradesh, and general corporate purposes. Stallion India Fluorochemicals, which filed preliminary IPO papers with the Securities and Exchange Board of India (Sebi) in March 2024, obtained its observation letter from the regulator on July 18, the update showed. The company is a supplier of refrigerants and various gases, catering to both bulk and small cylinder/container requirements. It has extensive experience in

Indian block trades led by global firms reach record $15 billion this year

Among block trades, Vodafone Group Plc subsidiaries raised about $1.8 bn by selling shares in India's Indus Towers Ltd. in June, while British American Tobacco Plc. sold part of its stake in ITC Ltd

Market capitalisation of BSE Midcap firms a whisker away from $1 trn

On Friday, the cumulative mcap of midcap firms settled at $0.96 trillion

Conservative hybrid funds can be a better bet than fixed deposits

Asset allocation ensures investor gets small exposure to stocks in a predominantly bond portfolio

Modi govt's Budget to send India's soaring stocks higher, shows survey

The upcoming government budget will likely boost consumer spending and infrastructure building, which bode well for businesses, strategists and investors surveyed by Bloomberg said

Swan Energy's shares locked in upper circuit twice in two days; here's why

Shares of Swan Energy got locked in the 5 per cent upper circuit at Rs 727.20 per share on the NSE in Tuesday's early morning deals

Investors subscribe Ambey Laboratories IPO over 173.18 times offer size

The initial public offering (IPO) of Ambey Laboratories received more than 173.18 times subscription on the final day of the offer on Monday amid encouraging participation from institutional investors. The initial share sale received bids for 69,99,86,000 shares against 40,42,001 shares on offer, as per NSE SME data. The category for non-institutional investors received 324.22 times while the Retail Individual Investors (RIIs) quota was subscribed 195.06 times, and the portion meant for Qualified Institutional Buyers (QIBs) received 61.90 times subscription. The company had fixed a price band for the IPO at Rs 65-68 per share. The Rs 44.68 crore IPO is a combination of a fresh issue of 62.58 lakh shares aggregating to Rs 42.55 crore and an offer for sale of 3.12 lakh shares aggregating to Rs 2.12 crore. The net proceeds from the issue will be used by the company to meet the working capital requirements of the business, while the remaining capital will be used for general corporate

Stock Market Highlights, July 8: Indices end flat after listless day; PSBs fall, FMCGs buck trend

Stock Market Highlights on July 8: The broader indices, though, hit all-time highs in the intraday trade, ended with a negative bias as well

AU Small Finance Bank's shares slump 4% on muted growth in Q1 biz update

AU Small Finance Bank's stock dipped up to 4.25 per cent at Rs 250.55 per share on the BSE in Monday's intraday trade

Marico's stock surges over 6% on decent Q1 update, bullish outlook

Shares of FMCG major Marico soared up to 6.56 per cent at Rs 655.70 per share on the BSE in Monday's early morning trade

Downturn in sight for Nifty50, MidCap Select indices; here's how to trade

When examining the Nifty 50 Index, currently trading in the overbought zone, technical indicators such as MACD, RSI, and Stochastic suggest it is challenging to recommend initiating fresh long

Global trends, earnings from TCS, HCLTech to guide mkts this week: Analysts

Equity markets will take cues from global trends and trading activity of foreign investors, while in the latter part of the week the first quarter earnings from IT majors TCS and HCL Technologies would guide investor sentiments, analysts said. Markets may consolidate after the record rally last week, experts added. "On the domestic front, the Q1 earnings season begins this week. Key companies such as TCS and HCL Technologies will release their earnings on July 11 and 12, 2024, respectively. Additionally, India's Union budget in July is a key event, with hopes pinned on growth-oriented policies and development of monsoon season, which will also be significant points of interest for investors and traders," said Pravesh Gour, Senior Technical Analyst, Swastika Investmart Ltd. The US Federal Reserve Chair Jerome Powell's testimony is scheduled for July 9, 2024, he added. "Furthermore, the activities of both foreign and domestic institutional investors (FII & DII) will be tracked, ...

Market Highlights, July 5: RIL, SBI lead fag-end recovery; benchmarks end flat; HDFC Bank down 4%

Stock Market Highlights on July 5: Shares of RIL gained 2.58 per cent, helping the Sensex, and Nifty indices recoup losses

Restaurants Brand Asia stock rallies 5% after HDFC Mutual Fund buys stake

Shares of Restaurants Brand Asia soared up to 5 per cent at 113.92 per share on the BSE in Friday's intraday. This came after the company informed the Indian exchanges about the bulk deal

Thermax's stock rises 5% after subsidiary gets work order worth Rs 513 cr

Thermax shares zoomed 4.6 per cent at 5287.10 per share on the BSE in Friday's intraday trade after the company informed the bourses that it has bagged a big work order worth Rs 513 crore