Page 90 - Stock Market

Nazara Technologies surges 8%, hits 52-week high on healthy outlook

For the first half (April to September) of the financial year 2023-24 (H1FY24), Nazara had reported 13 per cent year-on-year (YoY) growth revenue at Rs 551.7 crore

SpiceJet gets shareholder nod to raise Rs 2.2K cr by issuing equity

Mahapatra family now owns 21.94 per cent shares in SpiceJet; Ajay Singh's shareholding reduces from 56.48 per cent to 38.55 per cent

Polycab India's stock sees 21% rout on allegations of tax evasion

Company refutes allegations; stock may underperform in near term

With $2.8 trn mcap Microsoft overtakes Apple as most valuable company

Shares of Redmond, Washington-based Microsoft rose 1.5%, giving it market valuation of $2.888 trillion as early lead in race to make money from generative artificial intelligence helped draw investors

Investors subscribe Jyoti CNC Automation IPO 3.92 times on 2nd day

The Initial Public Offer (IPO) of Jyoti CNC Automation got subscribed 3.92 times on the second day of bidding on Wednesday. The IPO received bids for 6,87,09,015 shares against 1,75,39,681 shares on offer, as per NSE data. The category for Retail Individual Investors (RIIs) received 11.08 times subscription while the portion for non-institutional investors got subscribed 6.49 times. The quota for Qualified Institutional Buyers (QIBs) attracted 22 per cent subscription. Jyoti CNC Automation on Monday raised Rs 448 crore from anchor investors. The IPO is entirely a fresh issue of equity shares worth up to Rs 1,000 crore. The public issue, with a price band of Rs 315-331 per share, will conclude on Thursday. Proceeds from the issue would be used for debt payment, funding the long-term working capital requirements of the company, and general corporate purposes. Jyoti CNC Automation is a manufacturer of Computer Numerical Control (CNC) machines. Its customers include ISRO, BrahMos ..

Barclays raises target on Europe's STOXX 600 to 510 from 485: Report

The new target represents a roughly 7 per cent upside from current levels

465 BSE stocks freeze in upper circuit; Network18, Motisons, ITL zoom 20%

Among individual stocks, Cochin Shipyard was up 20 per cent at Rs 802.40, also its record high on the BSE. The stock turned ex-date for the sub division of equity shares in the ratio of 2:1

Stocks to Watch: Delta Corp, Vedanta, KIOCL, Power Grid, M&M, IRCTC, Lupin

Stocks to Watch on January 10, 2024: The company reported 15 per cent YoY decline in Q3 consolidated revenue to Rs 231.7 crore. Net profit slumped 59 per cent to Rs 34.5 crore

Results preview: Nifty 50 earnings likely to enter slow lane in Q3

Brokerages have cut benchmark index's forward earnings estimates

Jyoti CNC Automation IPO ends 1st day with 2.51 times subscription

The Initial Public Offer (IPO) of Jyoti CNC Automation was fully subscribed within hours of opening for bidding on Tuesday, largely helped by heavy participation from retail investors, and later ended the day with 2.51 times subscription. The IPO received bids for 4,40,01,675 shares against 1,75,39,681 shares on offer, as per NSE data. The category for Retail Individual Investors (RIIs) got subscribed 8.25 times and that for non-institutional investors received 3.63 times subscription. The portion for Qualified Institutional Buyers (QIBs) got subscribed 2 per cent. Jyoti CNC Automation on Monday raised Rs 448 crore from anchor investors. The IPO is entirely a fresh issue of equity shares worth up to Rs 1,000 crore. The public issue, with a price band of Rs 315-331 per share, will conclude on January 11. Proceeds from the issue would be used for debt payment, funding the long-term working capital requirements of the company, and general corporate purposes. Jyoti CNC Automation is

Goldman Sachs bumps up benchmark Nifty 2024-end target to 23,500

The brokerage says the global macro environment has turned more favourable compared to two months ago with expectations of stronger US growth and optimism around rate cuts by the US Federal Reserve

Zee Entertainment shares plunge 8%, market valuation falls by Rs 2,036 cr

Shares of Zee Entertainment Enterprises tanked nearly 8 per cent on Tuesday amid uncertainty over the fate of the USD 10 billion merger between the company and Culver Max Entertainment, formerly Sony Pictures Networks India. The stock tumbled 12.66 per cent to Rs 242.30 during the day on the BSE. It ended at Rs 256.25 apiece, lower by 7.64 per cent. On the NSE, the stock plunged 13.60 per cent to Rs 240.30 during the day. Shares of the company ended at Rs 255.95 each, down 7.98 per cent. The company's market valuation fell by Rs 2,036.3 crore to Rs 24,613.31 crore. In volume terms, 105.74 lakh shares of the company were traded on the BSE and over 15.72 crore shares on the NSE during the day. The fate of the USD 10 billion-merger between Zee Entertainment Enterprises and Culver Max Entertainment is hanging by a thread, with the two parties unable to finalise an agreement as the end of the one-month grace period looms. The two parties are yet to come to an agreement over Zee ...

Mutual benefits

Increasing mutual fund flows is a win-win

Zee Ent tanks 13% in worst day since Feb 2023 as Sony may call off merger

The stock ended off lows after ZEEL issued a clarification and called news of the Zee-Sony merger termination baseless and factually incorrect

Mutual Fund assets go past Rs 50 trillion; SIP-tied AUM hits Rs 10 trn

The record AUM growth in 2023 was underpinned by a sharp rally in the equity market

Muted Q3 sales, stock rally limit upsides in Godrej Consumer Products

The company remains optimistic about a gradual uptick in consumption trends over the next calendar year

Adani Ports' first bond issue in over 2 yrs lapped up, more coming: Bankers

The fundraising follows the Supreme Court's decision that the group is not required to undergo additional investigations beyond the market regulator's current scrutiny

Now that we've built size, we'll focus on profitable growth: Upstox CEO

Not all new players, Kumar says, will be able to scale up profitably, and there will always be an opportunity for consolidation in the industry

Amid bull run, mutual fund assets soared 22% in December quarter

Data from the Association of Mutual Funds in India shows that the industry's average AUM for Q4CY23 was Rs 49.2 trillion, up from Rs 40.3 trillion in the same period of CY22

Consensus on framework for pricing transactions, deals important: Experts

Late in December, the market regulator sought comments on changes proposed in rumour verification norms through a discussion paper