Page 15 - Street Signs

Street signs: Foreign investors bet on Rolta India

Rolta India seems back in the good books of shareholders after its stellar earnings

Street signs: NSE IPO puts spotlight on IFCI

NSE's IPO is pegged to be around Rs 10,000 crore and will value the country's largest exchange at Rs 40,000 crore

Street signs: PSU executives, investment bankers scout for investors in London

The Centre is looking to offload significant stake in some PSUs firms next year

Street signs: Bad timing for LafargeHolcim's stake hike in Ambuja, ACC

After the announcement of demonetisation on November 8, shares of Ambuja have come off 19%, while ACC is down 13%

Street Signs: Rich investors' US election

It seems a number of HNIs had bought put options ahead of the US election results to hedge the possibility of a steep fall in case of a Donald Trump victory

Street signs: Anchor selling weighs on

Just when shares of ICICI Prudential Life Insurance (ICICI Pru) were staging a comeback, they are once again caught in a downward spiral

Street signs: Is mid-cap, small-cap rally over?

After a strong rally, stock market experts are beginning to turn sceptical about mid- and small-cap companies, and the quarterly results so far haven't been reassuring

Lukewarm premium for pre-Diwali issues

Endurance Technologies' 40-per cent gain on listing was expected to encourage investors to bet on the next initial public offerings (IPOs) of PNB Housing and Varun Beverages. However, grey market activity suggests muted listings for both firms, whose IPOs come just ahead of Diwali. Market players say both companies' shares are trading at eight-10 per cent premium to their IPO prices in the grey market.Samie ModakRetail investors miss Mahanagar Gas rallySmall shareholders, as usual, have missed out on good returns from an Initial Public Offering (IPO) by exiting early. The latest shareholding data of Mahanagar Gas show that the retail portion has more than halved during the September 2016 quarter. The share price had soared nearly 30 per cent after its IPO in July. Since then, it has continued its northward journey and is up around 90 per cent from its issue price. The company also paid a hefty dividend of Rs 17.5 apiece last month, which clearly shows those exiting the stock have been

Force Motors gets AGM boost

Some brokerages turn bullish after firm sets healthy growth target

Endurance Tech might list at a premium

The initial public offering (IPO), which closed on Friday, was subscribed 43 times with good demand from institutions and high net worth individuals

Jhunjhunwala's IPO bet fails to click

Jhunjhunwala is said to have made a large application in the ICICI Prudential Life Insurance IPO, which fell 10.7 per cent on debut

Has the auto rally run its course?

Automobile stocks have been one of the best performers in 2016

Welspun India back in demand

Welspun India seems to be back on the shopping list of fund managers and savvy investors

Star fund manager Prashant Jain stacks up on Adani Ports

Known for his banking picks, Jain aggressively added Adani Ports in some of his schemes last month

Will RBI let rupee appreciate?

A stronger rupee, when redemptions begin, would reduce the blow, even if there is some depreciation due to outflows, say experts

High retail bids could weigh on L&T Infotech

L&T Infotech might witness a subdued listing, fear market players, due to heavy participation from small investors

No gain for HNIs in Mahanagar Gas listing

Despite healthy listing gains of about 23 per cent, high net worth individuals (HNIs) who took the financing route to subscribe to the Mahanagar Gas (MGL) initial public offering and book a profit on the first day would have made no gains. This is due to the high subscription levels and a spike in interest rates, as much as nine per cent, from brokers who lend to HNIs to invest, say experts. The portion reserved for HNIs was subscribed 191 times. After taking the interest cost and oversubscription into account, the cost of acquiring one share of MGL worked out to around Rs 560. MGL shares hit a high of Rs 549 on Friday, well below the break-even number, before closing at Rs 519.9 on the BSE.Ashley CoutinhoGrey market bullish on L&T InfotechThe initial public offering of L&T Infotech, the information technology arm of diversified conglomerate Larsen & Toubro, is attracting a lot of attention in the grey market, and is trading at a premium of Rs 110-115 a share. Parent L&

Mahanagar Gas commands 30% premium in grey market

The gas distribution company's initial public offering (IPO) will open for subscription on Tueday and will close on Thursday

Ujjivan's late surge stuns HNIs

Several high net worth individuals (HNIs) have been caught on the wrong foot with their investments in Ujjivan Financial Services. About 600 such investors had placed leveraged bets worth nearly Rs 17,000 crore in its initial public offering (IPO). Shares of Ujjivan listed at a premium of only 10 per cent, which barely covered their interest costs. As IPO loans are given for a very short time, most of them had to liquidate their holdings. Soon after, Ujjivan's shares saw a spectacular surge of about 60 per cent. On Friday, the stock touched a record high of Rs 400, almost double the issue price of Rs 210, leaving most HNIs red-faced.Samie ModakContra call on VRL Logistics?The share price of VRL Logistics has taken a sharp hit since late May, when the management declared flat sales growth, and more important, its promoters' intention to enter the aviation sector through a separate venture. The stock price continued to go downhill after Chairman and Managing Director Vijay Sankeshwar sai

After BPCL, Street hopes for bonus from HPCL

A bonus announcement of 1:1 by Bharat Petroleum Corporation (BPCL) last week has raised hope that peer Hindustan Petroleum Corporation (HPCL) will soon issue a bonus. HPCL had issued a 1:2 bonus way back in September 1999. As HPCL's 2015-16 earnings per share was Rs 145, more than BPCL's Rs 110, market players say it could be a good opportunity for the company to reward its shareholders.Joydeep GhoshBonanza for traders of L&T call optionsA sudden spike in the Larsen & Toubro (L&T) call option seems to have led to a windfall for investors. On Wednesday, L&T call options at a strike price of Rs 1,400 closed at Rs 0.40. After the engineering major announced its results, the price of the option shot up to Rs 72. A trader who had purchased these options worth Rs 10,000 on Wednesday would have made Rs 18 lakh in only one day.Joydeep GhoshSebi expects more mutual fund scheme mergersThe Securities and Exchange Board of India (Sebi), which has been pushing mutual fund houses to