Page 70 - Stock Market

Global investors turn cautious on once favourite Japanese stocks

Foreign investors, who helped push up Japanese shares to a record high just a few months ago and beat overseas peers, became net sellers for a fourth straight week through June 14

Armee Infotech files draft papers to raise Rs 250 crore through IPO

IT infrastructure solutions provider Armee Infotech Ltd has filed preliminary papers with capital markets regulator Sebi to raise Rs 250 crore through an initial public offering (IPO). The Gujarat-based company's initial share sale is completely a fresh issue of equity shares with no offer for sale (OFS) component, according to the draft red herring prospectus (DRHP) filed on Friday. Proceeds of the issue will be used to increase the working capital requirements of the company, payment of debt and general corporate purposes. Armee Infotech services a wide variety of projects for both government/public sector undertakings (PSUs) and private sector with a focus on government/PSU projects. The range of projects undertaken by the company includes supply and installation of IT hardware and software, setting up of smart classes, installing digital infrastructure for public distribution systems, and digitalisation of primary agriculture credit societies, among others. The IT industry pla

Investors subscribe IPO of Stanley Lifestyles 1.43 times offer size

The initial public offer of luxury furniture brand Stanley Lifestyles got subscribed 1.43 times on the first day of subscription on Friday. The initial share sale received bids for 1,46,69,560 shares against 1,02,41,507 shares on offer, as per NSE data. The category for non-institutional investors fetched 2.01 times subscription while the quota for Retail Individual Investors (RIIs) got subscribed 1.80 times. The part meant for Qualified Institutional Buyers (QIBs) received 30 per cent subscription. The Initial Public Offer (IPO) has a fresh issue of up to Rs 200 crore and an offer for sale of up to 91,33,454 equity shares. Price range for the offer is fixed at Rs 351-369 per share. Stanley Lifestyles on Thursday said it has raised a little over Rs 161 crore from anchor investors. The Rs 537 crore IPO will conclude on June 25. The net proceeds from the fresh issue to the tune of Rs 90.13 crore will be used by the company towards expenditure for opening new stores, Rs 39.99 crore

Akme Fintrade IPO gets nearly 54 times subscription on last day of bidding

The initial public offer of non-banking finance company Akme Fintrade (India) Ltd received 53.97 times subscription on the closing day of bidding on Friday. The Rs 132 crore initial share sale got bids for 42,44,43,250 shares against 78,65,000 shares on offer, as per NSE data. The portion for non-institutional investors garnered 129.53 times subscription while the category for Retail Individual Investors (RIIs) got subscribed 43.67 times. The Qualified Institutional Buyers (QIBs) part received 28.12 times subscription. The Initial Public Offer (IPO) of Akme Fintrade received 3 times subscription on the first day of bidding on Wednesday. The IPO has a fresh issue of up to 1.1 crore equity shares. The price range for the offer is Rs 114-120 per share. Akme Fintrade (India) Ltd on Tuesday said it has raised nearly Rs 38 crore from anchor investors. Akme Fintrade is primarily engaged in providing rural and semi-urban-centric lending solutions to customers in four states -- Rajasthan

Warburg Pincus-backed Avanse files draft papers for Rs 3,500-cr IPO

The company, promoted by Olive Vine Investment Ltd, an affiliate of private equity major Warburg Pincus, proposes to use the funds to increase its capital base for future needs

Nifty Auto bearish in near-term, Energy rangebound; check trading strategy

The Nifty Auto Index is currently trading at 25,267.85. The near-term trend for this index appears to be downward on the charts, with strong support expected around the 24,500 level

Goa Carbon shares zoom 11% on launching product for carbon additive markets

Shares of Goa Carbon rallied 11.2 per cent at Rs 873 per share on the NSE in Thursday intraday deals

Datamatics share price surges 9% on patent win for developing new software

Shares of Datamatics soared 8.6 per cent at Rs 626 per share on the NSE in Wednesday's intraday trade

Chipmaker firm Nvidia's 591,078% rally to most valuable stock came in waves

On Tuesday, that run culminated in Nvidia unseating Microsoft Corp. as the world's most valuable company with a market capitalisation of $3.34 trillion

Buy & Sell Ideas for June 19; check top stock picks by HDFC Securities

Strides Pharma has retraced more than 61.8 per cent of the entire fall which was seen from the swing high of Rs 425 towards the recent swing low of Rs 312, which indicates negation of a down trend

Drive to Dalal Street

Hyundai's listing will be positive for Indian markets

Stock market holiday: Are NSE, BSE shut on Eid al-Adha, June 17? Check here

Stock market holiday today, June 17, 2024: Both the BSE, and the National Stock Exchange (NSE) will remain shut on account of Bakri Eid, affecting all trading segments, including equity derivatives

Sebi cancels registration of Grovalue Fin Services for flouting norms

Markets regulator Sebi on Friday cancelled the certificate of registration of Grovalue Financial Services for flouting regulatory norms. The Securities and Exchange Board of India (Sebi) inspected the matters of Grovalue Financial Services, a Sebi-registered research analyst, from April 2021 to August 2022. The inspection was carried out to verify whether the books of accounts and records were being maintained or whether the provisions of the Sebi's Research Analysts norms were being complied with by the noticee. "The noticee (Grovalue Financial Services) has contravened with the provisions of the Research Analyst regulations and failed to abide by the conditions of his certificate of registration," Sebi's Chief General Manager G Ramar said in the order. The regulator also observed that the non-cooperation shown during the inspection and the non-appearance and lack of response to the notices issued by Sebi show the lackadaisical attitude of the noticee, which is concerning of an ..

Market capitalisation of BSE-listed firms hits new peak of Rs 434.9 trn

The market capitalisation of BSE-listed firms hit another record high of Rs 434.88 lakh crore on Friday as the BSE benchmark scaled new closing peak, rallying for the third day running. Rising for the third straight session, the 30-share BSE Sensex climbed 181.87 points, or 0.24 per cent, to settle at a new closing peak of 76,992.77. During the day, it jumped 270.4 points, or 0.35 per cent, to 77,081.30. The NSE Nifty rallied 66.70 points, or 0.29 per cent, to hit a record closing high of 23,465.60. Intra-day, it climbed 91.5 points, or 0.39 per cent, to hit a fresh all-time high of 23,490.40. Following the rally in equities, the market capitalisation of BSE-listed companies hit a fresh all-time high of Rs 4,34,88,147.51 crore (USD 5.21 trillion). In three days of rally, investors' wealth has gone up Rs 7.93 lakh crore. "The positive undertone of the market helped benchmark Nifty scale new highs and inch closer towards the 23,500-mark as cautious investors continued with their sele

Eid holiday: Are stock markets NSE & BSE open for trading on June 17?

Trading on the Indian stock market will resume on Tuesday, June 18, according to the BSE and NSE websites

Stock Market Highlights, June 14: Sensex, Nifty rises for 3rd day; Auto, realty stocks shine

Stock Market Highlights on June 14: The BSE Sensex gained 182 points, or 0.24 per cent, to end at 76,993 levels, while the Nifty50 shut shop 67 points, or 0.29 per cent, higher at 23,466

EIH Associated Hotels greenlights bonus share issue; Stock surges 9%

Shares of EIH Associated Hotels, the flagship company of the Oberoi Group soared up to 9.4 per cent at Rs 925 per share

DCX Systems share price jumps 9% on bagging multiple orders; check details

Shares of DCX Systems rose up to 8.75 per cent at Rs 348.80 per share on the BSE in Friday's intraday deals

L&T Finance extend gains as Morgan Stanley buys stake; up 8% in two days

Shares of L&T Finance extended their gains on Friday, rising 4.5 per cent at Rs 183.20 per share on the BSE in Friday's early morning deals

Sebi bars SecUR Credentials, managing director for alleged fund diversion

The market regulator has alleged the diversion of the company's funds to the promoter, directors including independent directors, and other entities by the MD