Page 33 - Stock Markets

Investors subscribe Go Digit General Insurance IPO 36% on day 1 of bidding

The initial public offer of Go Digit General Insurance, a firm backed by Canada-based Fairfax Group, received 36 per cent subscription on the first day of bidding on Wednesday. The initial share sale received bids for 1,88,86,890 shares against 5,28,69,677 shares on offer, as per NSE data. The portion for Retail Individual Investors (RIIs) got subscribed 1.44 times and that of non-institutional investors received 34 per cent subscription. Go Digit General Insurance has raised a little over Rs 1,176 crore from anchor investors. The company's Rs 2,615-crore initial share sale will conclude on Friday. The price band for the offer has been fixed at Rs 258-272 per share. Go Digit's proposed Initial Public Offer (IPO) has a fresh issuance of equity shares worth Rs 1,125 crore and an Offer-for-Sale (OFS) of 5.47 crore equity shares by promoter Go Digit Infoworks Services and existing shareholders worth Rs 1,490 crore. This takes the total IPO size to Rs 2,615 crore at the upper end of th

Stock Market Highlights, May 13: Sensex recoups 910 pts from low, ends 112 pts up; Nifty holds 22100

Stock market highlights, Monday, May 13, 2024: In the broader markets, the BSE MidCap index gained 0.36 per cent, while the BSE SmallCap fell 0.23 per cent

45 million and counting: The unique rise of mutual fund investor

Revival on two fronts: Index surge by 25% in FY24, propelled by strategic fund launches and marketing blitz

VIX vapour rising: Election-related anxiety catches up with the markets

Volatility index shoots up days after a record low

Sebi proposes direct transfer of securities to clients' accounts

"In a move to enhance operational efficiency and reduce the risk to clients' securities, it has been deliberated to make the process of direct payout of securities to the client account mandatory,"

Nifty bias to remain negative till it breaches 22,500, says Ajit Mishra

Nifty50 outlook: On the downside, the 21,850-22,150 zone is anticipated to provide support. Traders are advised to maintain caution

Equity markets end with losses; Nifty retreats after hitting fresh highs

Sensex sees intraday swing of 1,627 points

May 1 holiday: Are Indian stock markets NSE, BSE open today for trading?

In May, both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) will be closed for two days

High growth and margin expectations likely to drive Trent's stock

Sharp decline in interest costs (lease-related) and higher income from associates (including Zara) helped growth in net profit, which was ahead of estimates

Boult planning to get listed by next year, says co-founder Varun Gupta

Indian consumer tech brand Boult plans to go public next year, with a revenue benchmark of Rs 1,000 crore in FY25, as it expands into international markets and new categories, according to its co-founder Varun Gupta. In an exclusive interview with PTI, Gupta spoke in detail about his vision to make the Indian company global, listing out the homegrown brand, and his ambitious targets for this fiscal year. "We are not focusing on IPO this year, our primary focus is to foray into offline markets, international geographies, and new categories, but possibly in the next year," he said. The young entrepreneur said the company has set an internal touchstone for itself before it goes public. "... We have an internal benchmark, when we hit a Rs 1,000 crore revenue, that's when we want to go for an IPO. Technically, we're eligible to go for an IPO today because we're profitable and comfortably over Rs 500 crore. But we have an internal milestone of Rs 1,000 crore, and that is when we will ...

Fund Pick: Nippon India Large Cap Fund leads from the front, says CRISIL

The fund has consistently outperformed its peers in all trailing periods under analysis

Lok Sabha elections outcome: This sector has gained every time since 2004

Unlike other general election years, analysts expect the Nifty IT index to underperform the markets in the near-term amid muted demand environment and client caution around discretionary spends

Stocks to Watch, April 26: Bajaj Fin, IndusInd, Maruti, IndiGo, HCL Tech

Stocks to Watch on Friday, April 26, 2024: IndiGo has placed an order with European plane maker Airbus for 30 A350-900 widebody aircraft at a deal estimated to be between $4 billion and $5 billion

Here's why the 'Modi-fication' of India is still thrilling stock markets

Modi has done an unbelievable job in India, JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said

Asian stock markets slide as Federal Reserve dithers on rate cuts

The MSCI Asia Pacific Index fell as much as 0.4% Wednesday before paring losses, with consumer discretionary and industrials among the biggest drags

Stock Market Highlights: Sensex ends 456 points lower after a choppy session

Stock Market Highlights on Tuesday, April 16: Exide Industries, Titagarh Wagons, GE Shipping, Cochin Shipyard, Radico Khaitan and GSPL were among the top smallcap gainers

Stock Market Highlights, April 15: Sensex drops 845pts, Nifty below 22,300 amid Iran-Israel conflict

Stock market updates on April 15, 2024: 27 of the 30 Sensex stocks and 44 of the 50 Nifty stocks nursed losses today led by Shriram Finance, Bajaj Finserv, L&T, Wipro, ICICI Bank, Divis Labs, SBI Life

Bharti Hexacom sparkles on market debut; stock gain 43% at Rs 814

Bharti Hexacom, a subsidiary of Bharti Airtel, provides fixed-line telephone and broadband services primarily in two circles-Rajasthan and North East

Hindustan Zinc hits new high in weak market; zooms 49% thus far in April

Silver recorded the highest volume in FY24 in line with management's operational & financial strategy, at 24.0 moz up 5 per cent YoY

TCS trades flat ahead of March 2024 quarter results today

Earlier in the day, the stock soared as much as 0.77 per cent to hit an intraday high of Rs 4,013.25