Page 48 - Stock Markets

Street Signs: Beefing up colocation facility, auditors on the run & more

NSE to expand colocation facility offerings, the allotments for these racks are to be done over the next six months by the first-in, first-out method

Ahmedabad-based RBZ Jewellers files preliminary IPO papers with Sebi

RBZ Jewellers has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO). The IPO is entirely a fresh issue of 1 crore equity shares with no offer for sale (OFS) component, according to the draft red herring prospectus (DRHP). According to market sources, the Ahmedabad-based B2B and retail jewellery firm would raise Rs100 crore through the IPO. Proceeds from the issue to the tune of Rs 80.75 crore will be utilized for funding the working capital requirements of the company and for general corporate purposes. The company's revenue from operations rose 14.21 per cent to Rs 287.93 crore in FY2023 from Rs 252.11 crore in FY2022. Besides, profit after tax (PAT) surged 55 per cent to Rs 22.33 crore in fiscal 2023 from Rs 14.41 crore in the preceding financial year. Arihant Capital Markets Limited is the sole book-running lead manager to the issue. The equity shares are proposed to be listed on BSE and NSE.

Domestic cyclicals take mkt to new peaks, Nifty tops previous all-time high

Capital goods, FMCG and auto gain the most since December 1

IDFC First Bank at over 6-yr high; zooms 47% in 2 months on stable outlook

In the past two months, the stock of IDFC First Bank has zoomed 47 per cent on a stable outlook

MRF hits Rs 100,000 mark; stock touches record high on the BSE

So far in the current calendar year 2023, MRF has outperformed the market by gaining 14% on improved financial performance. In comparison, the S&P BSE Sensex gained 3% during the period

Equity fundraising activity in India dips in H1CY23 amid market volatility

ECM activity down 15% in India even as globally it grows 19%, shows data

Stocks to Watch today, June 9: Asian Paints, L&T Fin, HAL, Urja Global

Stocks to watch today, June 9, 2023: Tata Power Renewable Energy, through its subsidiary, has received a contract to set up a 966 MW round-the-clock hybrid renewable power projects for Tata Steel

Heavyweights lift benchmarks; Sensex less than 1% away from all-time high

Shares of oil marketing companies fell close to a per cent, while oil producer ONGC gained 0.5 per cent, while RIL gained 0.9 per cent

Indo Count hits 16-month high; surges 36% in four days on strong Q4 results

The stock price witnessed a healthy recovery in anticipation of gradual restocking by global retailers (home textile was the worst impacted) and India's market share gain in US bedsheet

Indices end week in the green after US averts default; Sensex up 119 points

Strong May sales saw automobile stocks outperform on Friday. Maruti and Mahindra & Mahindra gained 1.73 per cent and 1.7 per cent, respectively

Stocks to watch: Adani Ports, NMDC, HDFC Life, Apollo Hospitals, PTC Inds

Stocks to watch on May 31, 2023: From Adani Ports to Sun Pharma, here are top stocks to watch in Wednesday's trading session

Despite RBI red flag, unauthorised e-trading platforms just a click away

Alert list prompted a back-and-forth communication between FinMin and MeitY to take down the apps from Play Store. However, no government agency issued blocking orders

Optimism on the Street: Nifty Bank hits new record as indices gain

With banking stocks leading the gains, the Bank Nifty hit a new high of 44,375 points, a gain of 357 points or 0.8 per cent

Greaves Cotton sinks 10% as govt seeks to remove EV arm from FAME-2 scheme

The govt said that Greaves Electric Mobility failed to adhere to Phased Manufacturing Programme guidelines, hence it will need to return the subsidy of about Rs 124 cr claimed under the FAME-II scheme

Rakesh Jhunjhunwala's portfolio up 11% thus far in FY24; beats markets

At an aggregate level, Jhunjhunwala's portfolio that was valued at Rs 32,445 crore as on March 31, 2023 is now worth Rs 35,979 crore

Benchmark equity indices rise for second day on gains in RIL, IT stocks

The broader NSE Nifty rallied 111 points or 0.61 per cent to end at 18,314.40 with 34 of its constituents closing with gains and 15 closing lower while one settled unchanged

Nexus Select Trust, country's first pure-play REIT, rises 4% on debut

Firm's IPO was subscribed 5.4x, units were proced at Rs 95-100 a share

Sensex ends 372 pts lower, trims losses in late deals; Smallcaps outperform

Stock market live on May 17, 2023: Asian trade was mixed this morning with Nikkei up 0.6 per cent as Japan's economy grew 1.6 per cent YoY in Q1, above expectations of a 0.7 per cent growth

Oberoi Realty dips 6% as sales value drops 27% YoY in Jan-Mar quarter

Adjusted profit after tax at Rs 300 crore, was lower than estimates of Rs 373 crore, given the weaker than expected operating show, said analysts at ICICI Securities in a note

ITC Q4FY23 cigarette volume seen 13% up; Margin to see sharp yearly jump

ITC Q4FY23 result preview: The core Cigarette business volumes are expected to grow 13 per cent YoY, as per three brokerages. This pace of increase was 15 per cent in Q3FY23