Page 91 - Stock Market

Street signs: Nifty to see sell-on-rise pattern, Jyoti CNC GMP at 23%, more

The grey market premium (GMP) of Jyoti CNC, whose initial public offering (IPO) is opening on Tuesday, is at 23 per cent above its issue price

Unicommerce files draft papers with Sebi to raise capital through IPO

E-commerce-focussed IT firm Unicommerce has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO). The issue is entirely an offer for sale (OFS) aggregating up to 2.98 crore equity shares by the selling shareholders, according to the Draft Red Herring Prospectus (DRHP) filed with Sebi. Under the OFS, SB Investment Holdings (UK) Ltd, an affiliate of Japan's SoftBank, will offload 1.61 crore shares, promoter AceVector Limited (formerly known as Snapdeal Limited) will sell up to 1.14 crore shares and B2 Capital Partners will be selling up to 22 lakh shares. Since the IPO is completely an OFS, the entire proceeds will go to the selling shareholders. Unicommerce eSolutions is the fifth tech company which has filed IPO papers. Awfis Space Solutions, Ola Electric, Firstcry, and MobiKwik are the other technology companies that have filed draft papers in the past two weeks. Founded in 2012, Unicommerce eSolutions is India's lea

Apple's 2024 slump puts world's most-valuable stock title at risk

Apple shares are up as much as 0.4 per cent on Friday, snapping a four-day streak of losses

Sensex gains 179 pts, Nifty holds 21,700 after a choppy ride; IT stocks up

Closing Bell on January 5, 2024: In the broader markets, the BSE MidCap index added 0.19 per cent, while the BSE SmallCap index gained 0.61 per cent

Nifty Realty, Nifty FMCG in overbought zone: Avoid fresh long positions

Investors may consider booking profits either at the CMP or during any subsequent rise in prices in Nifty Realty, as per Ravi Nathani

Multiple margin levers ahead for food delivery platform Zomato's stock

It had begun levying a convenience fee of Rs 2 per order from August 2023, which was subsequently raised to Rs 3 per order

Top 10 mutual funds' share in total AUM dips below 80%, shows analysis

These fund houses had an average AUM of Rs 38.8 trillion in the third quarter (Q3) of 2023-24, which is 79 per cent of the total industry AUM of Rs 49.2 trillion

Largecap, midcap cutoff surges over 26% in latest Amfi classification

PSUs dominate list of upgrades, 5 PSBs upgraded to largecaps in last 1 year

This Smallcap iron & steel maker has zoomed over 1700% in just 10 months

There were only buyers on the counter. A combined around 195,000 shares changed hands with pending buy orders for a combined 120,000 shares on the NSE and BSE

Apple leads $370 billion tech rout in reversal from group's 2023 rally

Tesla has shed more than 8% in the last four days, its longest streak of losses since November

Bajaj Auto board to consider share buyback on Jan 8, stock jumps over 5%

Under the Securities and Exchange Board of India (Sebi) regulations, the maximum limit for a buyback is 25 per cent or less of the paid-up capital and free reserves in that financial year

Jyoti CNC Automation's IPO worth Rs 1,000 crore to open on January 9

Gujarat-based Jyoti CNC Automation's initial public offering worth up to Rs 1,000 crore will open on January 9. It will also be the first public issue of 2024 on the main board of leading stock exchanges BSE and NSE. The company is planning to list its shares for the second time in nearly 10 years. The three-day Initial Public Offering (IPO) of Jyoti CNC will close on January 11, while the anchor book of the offer will be launched for a day on January 8, as per the Red Herring Prospectus (RHP). The price band for the offer is yet to be announced. Last month, the company got approval from markets regulator Sebi to float the public issue. The IPO is entirely a fresh issue of equity shares worth up to Rs 1,000 crore. The 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 leading manufacturer of Computer Numerical Control (CNC) machines. Its customers in

Sensex sinks 536 pts, Nifty nears 21,500 amid global sell-off; IT slides

Closing Bell on January 3, 2024: On the upside, Bajaj Auto, Adani Enterprises, Adani Ports, Cipla, ITC, and IndusInd Bank were the top gainers, rising up to 4.5 per cent

Esconet Technologies files draft papers to raise funds through IPO

Integrated IT solutions company Esconet Technologies on Tuesday said it has filed draft papers to mobilise funds through an initial public offering. The initial public offering (IPO) is entirely a fresh issuance of up to 33,60,000 equity shares, with a face value of Rs 10 each, and the shares of the company are proposed to be listed on Emerge platform of the NSE, the company said in a statement. Corporate Capital Ventures is the sole book running lead manager, while Skyline Financial Services is the registrar for the issue. Esconet proposes to utilise the proceeds from the issue towards working capital requirements of the company and invest in its wholly-owned subsidiary ZeaCloud Services to fund its capital expenditure expenses, as per the draft documents. A portion of the proceeds will also be used for the general corporate purposes. Founded in 2012 by second-generation entrepreneurs Santosh Kumar Agrawal and Sunil Kumar Agrawal, Esconet Technologies has been in the business of

JBM Auto rallies 23% in 3 days on plan to deliver 2,000 e-buses in FY24

At 10:44 AM; the stock was trading 3 per cent higher at Rs 1,670 on the BSE. In comparison, the S&P BSE Sensex was down 0.67 per cent at 71,787

1st trading day 2024: Stock-specific action on a day of wild swings

RailTel, YES Bank, Vodafone Idea, and BHEL rose 2-6%

Mutual funds' equity buys hit Rs 1.7 trn in 2023, defying market swing

Aggressive buying indicates strong flows into equity funds in December

Nifty ends with small gains on first day of 2024 amid profit booking

The blue-chip NSE Nifty 50 settled 0.05% higher at 21,741.90 points, while the S&P BSE Sensex added 0.04% to 72,271.94

Brokerages firms bullish on largecaps for better returns in 2024

The concern for most brokerages is valuations. Given the sharp rally in midcap and smallcap indices, investors are better off sticking with largecaps in 2024

Don't shun midcaps, smallcaps just because they surged 40-50%: Invesco CIO

'What will matter in 2024 from the market standpoint is the direction of interest rates globally, as well as in India. The results of the general elections will also be keenly watched'