Page 80 - Stock Market

JBM Auto surges 10% as arm bags Rs 7,500 cr order for 1,390 electric buses

The order will be executed within 12-18 months. At 11:10 am; JBM Auto was trading 6 per cent higher at Rs 1,987, as compared to a 0.86 per cent decline in the S&P BSE Sensex

Stocks to Watch: TCS, Aditya Birla Sun Life, L&T Finance, Tata Steel, SBI

Stocks to Watch on March 19, 2024: Tata Sons is set to divest a 0.65 per cent stake in in TCS on Tuesday in the open market, according to a term sheet. It will offload 23.4 million shares

Nasdaq resolves glitch that impacted trading; downtime lasted around 2 hrs

The Nasdaq is home to thousands of stocks, including those of iPhone maker Apple, electric vehicle-maker Tesla and semiconductor powerhouse Nvidia

Krystal Integrated Services' IPO subscribed 13 times on last day of offer

The Initial Public Offering (IPO) of facility management and security services provider Krystal Integrated Services got subscribed 13.21 times on the last day of bidding on Monday. The initial share sale received bids for 3,96,26,200 shares against 29,99,448 shares on offer, as per NSE data. The portion for non-institutional investors received 43.90 times subscription while the category for Qualified Institutional Buyers (QIBs) got subscribed 7.33 times. The Retail Individual Investors (RIIs) part fetched 3.31 times subscription. The IPO had a fresh issue of up to Rs 175 crore and an offer for sale of up to 1,750,000 equity shares. The initial share sale had a price range of Rs 680-715 a share. Krystal Integrated Services last week mopped up over Rs 90 crore from anchor investors. The company began operations in 2000 as a private security staff provider and from 2005 entered the facility management segment. Around 70 per cent of its facility management business comes from govern

BAT starts $2 billion buyback after selling part of its stake in ITC

The London-listed company said it will purchase £700 million of its shares in 2024 and £900 million by the end of 2025

Anup Engg surges 15% as board mulls bonus share; zooms 110% so far in FY24

Since April 2023, so far in the financial year 2023-24, the stock price of Anup Engineering more than doubled or zoomed 110 per cent

Street Signs: Market on edge, unveiling fund manager strategies, and more

Any trader with a liability of over Rs 10,000 in the form of capital gains had to pay advance tax this month. Additionally, losses can be set off against capital gains

Ease of doing biz: Market regulator Sebi to relax certain norms for FPIs

Regulator Sebi on Friday approved a raft of relaxations for foreign portfolio investors, alternative investment funds and entities seeking to raise funds through initial share sales, as part of facilitating the ease of doing business in the securities market. Also, the board of Securities and Exchange Board of India (Sebi) gave its nod for a uniform approach for verification of market rumours by entities that have listed their equities. In a move aimed at testing the feasibility of the optional T+0 settlement mechanism, a Beta version for a limited 25 scrips and limited brokers will be launched. Sebi will continue to do further stakeholder consultation, including with the users of the Beta version. The progress will be reviewed at the end of three months and six months, after which further course of action will be decided, Sebi said in a release. These proposals were cleared by the Sebi board at its meeting that ended late on Friday. Among other measures, the regulator decided to

Sensex ends 454 pts lower, Nifty holds 22K; Auto, IT, Power shares weigh

Market wrap on March 15, 2024: Mahindra & Mahindra was the major loser among auto stocks, down 5%; Among others shares of oil marketing companies declined up to 6 per cent post fuel price cut.

Understanding the difference between large, mid, and small-cap funds

Companies are tagged such based on their market value; their risk profiles vary

Small and midcaps reclaim lost ground; Sensex ends 335 points higher

The Nifty midcap 100 rose 2 per cent, while the Nifty Smallcap 100 gained 3.5 per cent. Both indicies had plunged about 5 per cent each a day earlier in what was their worst performance in two years

Sebi may allow employees to donate on social stock exchange: Buch

Sebi chairperson Madhabi Puri Buch on Thursday said the regulator's board will consider a proposal for allowing staff to donate money for causes through the social stock exchange (SSE). Speaking at an event to mark the listing of first five non-profits on the newly created SSE, Buch said Sebi personnel are not allowed to invest in securities right now and they need to be allowed to participate in the upliftment of the disadvantaged people. "We are actually going to the Sebi board tomorrow to take permission for Sebi staff to be able to buy zero-coupon, zero-principal bonds because we are not permitted to buy securities," she said, adding she is hopeful of the proposal going through. Buch added that personally, she is very keen to support the cause for emancipation of girls. As per the Sebi website, nearly 1,000 people worked at the capital markets regulator as on March 2022. The 'zero-coupon, zero-principal' are instruments for donating money to non-profit organizations listed on t

Krystal Integrated Services' IPO subscribed 36% on first day of offer

The Initial Public Offer (IPO) of facility management and security services provider Krystal Integrated Services got subscribed 36 per cent on the first day of bidding on Thursday. The initial share sale received bids for 10,78,460 shares against 29,99,448 shares on offer, according to data available with the NSE. The category for non-institutional investors received 43 per cent subscription while the portion for Retail Individual Investors (RIIs) got subscribed 34 per cent. The Qualified Institutional Buyers (QIBs) part received 33 per cent subscription. The IPO has a fresh issue of up to Rs 175 crore and an offer-for-sale component of up to 17,50,000 equity shares. The price range for the offer is Rs 680-715 a share. Krystal Integrated Services has mopped up over Rs 90 crore from anchor investors. The company began operations in 2000 as a private security staff provider and from 2005 entered the facility management segment. Around 70 per cent of its facility management busines

Investors become richer by Rs 7.81 trillion as stock markets rebound

With equities staging a smart comeback a day after registering a steep fall, investors' wealth jumped by Rs 7.81 lakh crore on Thursday. The 30-share BSE Sensex climbed 335.39 points or 0.46 per cent to settle at 73,097.28. During the day, it jumped 602.41 points or 0.82 per cent to 73,364.30. The market capitalisation of BSE-listed companies went up by Rs 7,81,631.24 crore to Rs 3,79,98,233.91 crore (USD 4.59 trillion). The BSE benchmark index tanked 906.07 points, or 1.23 per cent, to settle at 72,761.89 on Wednesday. The Nifty plummeted 338 points, or 1.51 per cent, to 21,997.70. "Short-covering provided the much-needed fillip after Wednesday's crash, as key indices rose sharply after early weakness but quickly rebounded thereafter. Sharp gains in the US Dow Futures indicating a positive start also buoyed the local market sentiment. Recovery in mid and smallcap stocks shows that money is waiting on the sidelines to enter the market post healthy correction," Prashanth Tapse, Seni

Market bounces back: Sensex gains 335 pts; Adani Group, rail shares shine

Market wrap on March 14, 2024: Beaten down BSE PSU and CPSE indices surged up to 3 per cent led by gains in rail stocks; Adani Group shares surged up to 11%

$80 billion crash in India's small-cap stocks flashes warning signs

As sentiment weakens, investors are pulling money out of richly valued larger shares as well

Nifty IT, Nifty Auto may face downward pressure, show technical indicators

Given the prevailing market conditions in Nifty IT, the recommended trading strategy is to sell on rallies, with a stop-loss set at 37,100

Rs 601.5 cr IPO of Popular Vehicles subscribed 45% on 2nd day of bidding

The initial share sale of Popular Vehicles and Services Limited got subscribed 45 per cent on the second day of subscription on Wednesday. The Rs 601.55 crore-Initial Public Offer (IPO) received bids for 65,31,800 shares against 1,44,15,110 shares on offer, as per NSE data. The portion for Retail Individual Investors (RIIs) attracted 77 per cent subscription while the non-institutional investors part got subscribed 20 per cent. The IPO has a fresh issue of up to Rs 250 crore and an offer for sale of up to 1,19,17,075 equity shares. The price range for the Kochi-based company's offer is Rs 280-295 a share. On Monday, Popular Vehicles and Services said it has garnered Rs 180.17 crore from anchor investors. Proceeds of the fresh issue will be used for debt payment and general corporate purposes. Popular Vehicles and Services is a leading diversified automotive dealership in the country with a presence across the automotive retail value chain, including the sale of new passenger and

Sensex plunges 906 pts, Nifty below 22K; Investors lose Rs 21 trn in 3 days

Stock market highlights on March 13: The BSE m-cap has plummeted by Rs 20.69 trillion in three days

614 stocks freeze in lower circuit amid SmallCap rout; Tata Invest sinks 5%

The S&P BSE Smallcap index was the top loser among broader indices, down 1.8 per cent to 42,957. The index has corrected 8.3 per cent from its record high level of 46,821 touched on February 7, 2024