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Mankind Pharma IPO subscribed 15.32 times


This will be one of the largest public issues by a domestic drug manufacturer
after the ₹6,480-crore IPO of Gland Pharma in 2020. The qualified
institutional buyers (QIB) category was subscribed 49 times, while the
non-institutional investors or high net-worth individuals' portion was
subscribed 3.8 times. However, the retail investor's portion was
under-subscribed at 92%.
2023-04-28T05:55:42+05:30

Mankind Pharma IPO sails through on Day 3


Around nine brokerages have given "subscribe" recommendations on the issue, with
some of them seeing the potential in the long term. Analysts say the growth
opportunities outweigh the concerns around not so cheap valuations.
2023-04-27T11:29:20+05:30

Pencil maker DOMS eyes $300 million IPO filing in June


Doms Industries, an Indian stationery company majority-owned by Fabbrica
Italiana Lapis ed Affini, is preparing to file for an IPO in Mumbai. The
proposed offering, which could fetch between $200m to $300m, could be launched
as early as this year. Since Doms’ founding in 1975, it has grown a global
reach of over 50 countries, running over 15 production facilities throughout
India. Representatives for Doms and Fabbrica Italiana Lapis ed Affini did not
comment on the matter.
2023-04-27T10:55:20+05:30

Mankind Pharma IPO subscribed 32% so far on Day 2. Check GMP and other details.


Mankind Pharma's initial public offering (IPO), which will close on January 19,
has been subscribed by 32% on Day 2 with non-institutional investors and
qualified institutional buyers subscribing the most. Retail investors' quota had
16% bids. Nine brokerages recommended the issue, saying that growth
opportunities outweigh concerns about high valuation. Mankind Pharma has raised
around Rs 1,297 crore by allocating 1.2 crore equity shares to 77 anchor
investors, which include Goldman Sachs, Canada Pension Plan and Government of
Singapore. At the higher end of the price band, Mankind Pharma valued at 30x
FY22 EPS.
2023-04-26T14:15:45+05:30

Mankind Pharma IPO subscribed 14% on Day 1; GMP inches up at Rs 90-95


The Rs 4,300-crore IPO, solely an offer for sale (OFS), will be available for
public to bid till April 27. Investors can bid for 13 shares in 1 lot and in
multiples thereof.
2023-04-25T13:12:33+05:30

Mankind Pharma IPO opens for subscription today: Should you bid?


Indian pharma giant Mankind Pharma has launched its initial public offering
(IPO), with around 40 million equity shares available for sale. Analysts have
warned that the pricing, around 32-33 times the FY23 earnings, is a little
higher than average. ICICI Direct has nevertheless issued a "subscribe"
recommendation, pointing to the company's strong foothold in affordable product
offerings and experiencing EBITDA growth despite input costs, but added that the
valuations were "not really cheap".
2023-04-25T09:43:11+05:30

Mankind Pharma may offer investors a better entry point after its listing


Business: Unlike its peers, Mankind Pharma started in rural India and is now
expanding to urban India. The company earns 97% of its revenues from India. It
has also been a uniquely successful player in building branded consumer product
portfolios. The company is a market leader in multiple categories - male condoms
with its brand Manforce, pregnancy detection kits with PregaNews, and emergency
contraceptives with its pill Unwanted-72.
2023-04-25T06:50:52+05:30

Mankind Pharma raises Rs 1,297 crore from anchor investors ahead of IPO


​​The anchor allocation was done at Rs 1,080 per share, under which Goldman
Sachs, Canada Pension Plan, Government of Singapore, and Fidelity Investment
Trust, among others, have participated.
2023-04-24T21:44:15+05:30

EbixCash, Survival Technologies get Sebi nod to launch IPO


Additionally, the company may consider a further issue of specified securities
through a private placement aggregating up to Rs 1200 crore. If such placement
is completed, the fresh issue size will be reduced.
2023-04-24T19:38:03+05:30

Mankind Pharma IPO opens on Tuesday. What GMP suggests for potential investors?


The company has fixed a price band of Rs 1,026-1,080 for its IPO, which is
completely an offer for sale (OFS) of 40 million equity shares by promoters and
other existing shareholders.
2023-04-24T13:38:28+05:30

TVS Supply Chain to refile IPO papers, seek up to Rs 1,200 crore


In February last year, TVS Supply Chain filed the draft papers with the market
regulator for an IPO with a fresh equity issue of up to ₹2,000 crore and an
offer for the sale of up to 59.5 million equity shares by the promoter and
existing investors. Last May, the company got Sebi's nod to launch the IPO.
2023-04-24T07:30:55+05:30

Global IPO market shows signs of life even as recession fears persist


Roughly $25 billion worth of IPOs priced globally in March and April, nearly
twice the amount seen in the first two months of the year when listings
virtually ground to a halt, according to data compiled by Bloomberg.
2023-04-23T09:14:39+05:30

Mankind Pharma IPO: 10 things to know about the biggest issue so far this year


Indian pharma company Mankind Pharma is set to open its IPO next week. The offer
for sale of 40 million equity shares by promoters and other existing
shareholders is aiming to raise around INR4,326 crore ($523m). The price band
has been set between INR1,026-1,080 per share, and subscriptions will be open to
investors between 25 and 27 April with the shares likely to get listed on 9 May
on both NSE and BSE
2023-04-20T16:20:23+05:30

Mankind Pharma announces IPO price band at Rs 1,026-1,080


At the upper end of the price band, the fourth largest pharmaceutical company in
terms of domestic sales will be valued at ₹43,264 crore. The four-crore share
IPO will be entirely an offer-for-sale (OFS) where existing shareholders will
offload a portion of their stakes.
2023-04-20T06:01:33+05:30

Mankind Pharma sets IPO price band at Rs 1,026-1,080


The IPO is entirely an offer for sale (OFS) by promoters and existing investors
who are looking to divest their stakes in the Delhi-based pharmaceutical
company. The total equity shares on the block will be 40,058,844 according to
the red-herring prospectus (RHP) filed by the company.
2023-04-19T09:43:39+05:30

Mankind Pharma IPO to open for subscription on April 25


The company has hired Kotak Investment Banking, Axis Capital, IIFL Securities,
Jefferies and JP Morgan as book-running lead managers while KFin Technologies
has been appointed the registrar to the issue.
2023-04-18T12:06:40+05:30

Unlisted stocks slump as dull listings, IPOs on hold hit sentiment


API Holdings, the parent of PharmEasy, trades at ₹22 in the unlisted market,
66% lower than a year ago, showed data compiled by UnlistedKart, which deals in
unlisted and pre-IPO shares. The company's IPO plans were kept on hold due to
weak market conditions and tech valuations facing a global meltdown.
2023-04-17T06:33:42+05:30

Avalon Technologies IPO listing likely on April 18. What to expect?


Avalon Technologies is one of the leading fully integrated electronic
manufacturing services (EMS) companies with end-to-end operations delivering
box-build solutions in India. The company provides a full-stack product and
solution suite, from printed circuit board design and assembly to the
manufacturing of complete electronic systems
2023-04-16T11:39:41+05:30

Blackstone-backed Nexus Select Trust likely to launch retail REIT IPO in early
May to raise Rs 4,000 cr


Nexus Select Trust has a portfolio of 17 operational shopping malls across 14
major cities, covering a 9.8 million square feet area valued at around Rs 23,000
crore.According to sources, the Nexus Select Trust is likely to hit the capital
market in early May with its REIT IPO. It is expecting to get the Sebi nod soon
2023-04-14T20:39:43+05:30

NTPC plans IPO for green energy arm


India's largest power producer, NTPC, plans to raise funds via an initial public
offering (IPO) for NTPC Green Energy Ltd (NGEL) in the current fiscal year. This
comes after Malaysia's Petronas withdrew its bid for a 20% stake in the green
energy unit, valued at around INR60bn ($806m). NGEL is critical to drive
NTPC’s ambitious clean energy programme, which aims to have 60 GW of
renewables capacity by 2032 on a standalone basis and 130 GW on consolidated
levels.
2023-04-14T00:03:16+05:30

Jodhpur-based Vishnu Prakash R Punglia Ltd files IPO papers with Sebi


The Jodhpur-based company has experience in the design and construction of major
infrastructure projects for the central and state governments, with ongoing
projects in nine states.The company's revenue from operations increased to Rs
785.61 crore in 2021-22 from Rs 373.15 crore in 2019-20, and profit for the year
rose to Rs 44.85 crore from Rs 12.66 crore
2023-04-13T14:59:03+05:30

Exchanges to set common equilibrium price for listing day post IPO


"Call auction sessions are conducted on multiple stock exchanges. The discovered
price / equilibrium price pursuant to such call auction sessions could be
different on each exchange," Sebi said in a circular.
2023-04-12T06:15:38+05:30

Avalon Technologies IPO share allotment expected on April 12. How to check
status


Avalon Technologies is one of the leading fully integrated electronic
manufacturing services (EMS) companies with end-to-end operations in delivering
box build solutions in India. The company provides a full stack product and
solution suite, from printed circuit board design and assembly to the
manufacturing of complete electronic systems.
2023-04-11T08:12:02+05:30

Govt kickstarts IREDA IPO process, scouts for merchant bankers


Indian Renewable Energy Development Agency Ltd (IREDA) is under the
administrative control of the Ministry of New and Renewable Energy (MNRE) and
engaged in the financing of renewable energy and energy efficiency projects.
2023-04-10T18:13:55+05:30

Avalon Technologies subscribed 2.21 times on last day; GMP rises


This surge in demand from QIBs helped boost the overall subscription rate and
provided a much-needed boost to the IPO, which had seen a lackluster response in
the preceding days. At the end of Day 2, the issue was subscribed just 9%.
2023-04-06T15:08:39+05:30

Droom Tech looks to revive IPO plans on hopes of recovery in tech sector


Aggarwal said the company is working toward ensuring profitability. “We are
controlling costs. And with changes we have made, we should be profitable
margin-wise in the next one year.”
2023-04-06T11:26:00+05:30

ESAF Small Finance Bank plans to refile IPO papers


The lender had earlier filed for an IPO worth nearly ₹1,000 crore in October
2021, which included ₹800 crore of primary issuance and a ₹200 crore
offer-for-sale from existing investors. However, the filing lapsed as it was not
completed within a year.
2023-04-06T06:32:24+05:30

Is Swiggy getting ready for an IPO? Key details you need to know



2023-04-05T20:41:32+05:30

Zaggle Prepaid, Healthvista, Cyient DLM and Rashi Peripherals receive Sebi nod
for IPO


Zaggle operates in the B2B2C segment and is amongst a small number of uniquely
positioned players with a diversified offering of financial technology products
and services.
2023-04-05T15:49:53+05:30

Cyient DLM gets Sebi nod for Rs 740 crore IPO


Cyient DLM focuses on highly complex, low-volume electronics manufacturing for
safety-critical segments. The company had last year appointed Anthony Montalbano
as its CEO.
2023-04-05T14:41:39+05:30

Avalon Technologies IPO subscribed 9% on Day 2


Most of the heavy lifting was done by retail investors as this category was
subscribed 29% as of 12:30 pm. The non-institutional investors' portion was
subscribed just 2% and qualified institutional buyers (QIBs) stayed away from
the issue so far.
2023-04-05T13:43:01+05:30

Sebi’s promoter tag push stumps startups, may disrupt IPO plans


Portea Medical’s founders hold an 18.07% stake in the company. So far, only
founders with at least 25% stake were classified as promoters under the Sebi
regulations.
2023-04-05T06:11:00+05:30

Tiny diamonds! 19 multibagger SME IPOs gave up to 463% return in FY23


Topping the charts is Mumbai-based digital technology company Varanium Cloud
whose shares have zoomed 463% since its Dalal Street debut in September-end. The
Rs 31 crore IPO, which was sold at an offer price of Rs 122 per share, was
subscribed over 5 times.
2023-04-04T10:31:46+05:30

Goldman Sachs-backed SAMHI Hotels cuts IPO size in revised filing


The Goldman Sachs- and Equity International-backed company had filed a DRHP with
the markets regulator in 2019 to raise about Rs 1,900 crore through an IPO, but
the plan was shelved due to the pandemic.
2023-04-03T18:34:07+05:30

Avalon Technologies IPO: GMP flat on Day 1; check subscription status and other
details


The issue is a combination of fresh issue of shares up to Rs 324 crore and an
offer for sale (OFS) of up to Rs 545 crore by promoters and selling
shareholders. A total of 20.8 lakh equity shares will be on offer for bidding.
2023-04-03T14:21:30+05:30

Aeroflex Industries files DRHP to raise funds via IPO


According to the draft papers, the proceeds from the issue will be utilised to
the extent of Rs 35 crore for the prepayment of outstanding secured borrowings
availed by the company, Rs 84 crore for funding its working capital
requirements, and certain of the amount will be used general corporate purposes
and acquisitions for inorganic growth.
2023-04-03T12:29:33+05:30

Avalon Technologies IPO opens for subscription today. Should you bid?


Avalon Technologies is one of the leading fully integrated electronic
manufacturing services (EMS) companies with end-to-end operations in delivering
box build solutions in India. The company provides a full stack product and
solution suite, from printed circuit board design and assembly to the
manufacturing of complete electronic systems.
2023-04-03T09:15:29+05:30

IPO Market Tracker: Here are the best & worst performers of FY23


Headquartered in Hyderabad, Hariom Pipe is a premium manufacturer of iron and
steel products. The company has a diverse product portfolio consisting of mild
steel billets, pipes and tubes, hot rolled coils and scaffolding systems.
2023-04-01T12:48:22+05:30

Avalon Technologies raises Rs 389 crore from anchor investors


Recently, Avalon completed a total pre-IPO placement of Rs 160 crore consisting
of 80 crore of primary or fresh issuance and 80 crore of secondary share sales.
In the pre-IPO placement, the company garnered Rs 60 crore each from UNIFI
Financial Private Limited and Ashoka India Equity Investment Trust Plc and Rs 40
crore from India Acorn Fund Limited.
2023-04-01T12:14:58+05:30

SME IPO: Sancode Technologies subscription status on Day 1, GMP and more details


The IPO comprises fresh issue of 10.95 lakh shares and plans to raise about Rs
5.15 crore from the public offer. About 57,000 equity shares of the company
aggregating to Rs 26.79 lakh have been reserved for the market maker.
2023-03-31T16:43:19+05:30

Udayshivakumar Infra IPO: Will shares deliver a listing pop or disappoint D-St?
What grey market signals


According to market sources, the shares of Udayshivakumar are commanding a
premium of Rs 7-8 in the unlisted market on Friday. If we consider the upper end
of the price band, the company's shares are expected to get listed at a premium
of 20% over the offer price.
2023-03-31T15:59:59+05:30

Oyo pre-files confidentially for smaller IPO


Pre-filing, introduced by the Securities and Exchange Board of India in November
last year, allows the details of the preliminary filing to be kept confidential,
unlike in the normal filing where the DRHP becomes a public document. This
option provides companies greater flexibility on the issue size during the
initial stage, and they can change the amount of freshly issued shares in the
proposal by up to 50% till an updated DRHP is filed.
2023-03-31T14:29:50+05:30

Digit Insurance re-files IPO papers after regulator concerns


The IPO comprises a fresh issue of shares worth 12.5 billion rupees ($152.1
million) and an offer for sale of 109.4 million shares, according to the draft
prospectus - unchanged from its last filing - dated March 30.
2023-03-31T13:01:19+05:30

SME IPO: MOS Utility issue to open for subscription on March 31. Should you
subscribe?


For the quarter ended September 2022, the company reported a revenue of Rs 53
crore, with PAT coming in at Rs 1.95 crore. The company has been profitable in
FY22 and FY21 as well. A large portion of the company’s revenue is generated
in utility services.
2023-03-29T20:43:53+05:30

Avalon Tech IPO offers exposure to the fast growing electronics manufacturing
sector


​​ The total customer count has increased to 89 with an outstanding order
book of Rs 1190 crore at the end of November 2022, compared with 72 a year ago
when it had an order book of Rs 918 crore. The company has net debt of Rs 304
crore in the first eight months of FY23, compared with Rs 250 crore in the
year-ago period. The 6S market contributes 57% to the revenue while the balance
is from India.
2023-03-29T17:33:36+05:30

SPC Life Sciences files DRHP for proposed IPO


The company develops pharma intermediates and works with pharmaceutical
companies who seek USFDA compliant manufacturing facilities as a part of their
supply chain.
2023-03-29T17:31:02+05:30

Netweb Technologies files DRHP to raise funds via IPO


The company, in consultation with the lead bankers to the issue, may consider a
pre-IPO placement aggregating up to Rs 51 crore. If such placement is completed,
the fresh issue size will be reduced.
2023-03-29T13:45:50+05:30

Avalon Tech's Rs 865-crore IPO to open on April 3


The IPO consists of a fresh issue of ₹320 crore and an offer for sale (OFS) of
shares worth ₹545 crore by promoters and existing shareholders. The company
will use the proceeds from the fresh issue for debt payment, working capital
requirements, and general corporate purposes.
2023-03-29T06:05:37+05:30

Udayshivakumar Infra IPO share allotment likely today. Here's how you can check
the status


According to market sources, the grey market premium (GMP) of Udayshivakumar
Infra, which indicates the premium commanded by shares in the unlisted market,
has risen in the past few days to around Rs 15 currently.
2023-03-28T16:40:21+05:30

Alibaba splits into six units that may pursue individual IPOs


“Each business group and company can pursue independent fundraising and IPOs
when they are ready,” Zhang said in a statement.
2023-03-28T15:15:47+05:30

Big Movers on D-St: What should investors do with Raymond, Glenmark Pharma and
KPIT Technologies?


Indian market closed higher for the sixth consecutive day due to positive global
cues, with the S&P BSE Sensex rising over 300 points and Nifty50 closing above
17,900 levels. Stocks that performed well include Raymond, which rose by over
6%, Glenmark Pharma with over 5%, and KPIT Technologies which saw a fresh
52-week high. Technical expert Amol Athawale of Kotak Securities recommends 1640
as the trend decider level for Raymond, while 530 is expected to act as an
important support zone for Glenmark Pharma and 880 is the trend decider level
for KPIT Technologies.
2023-04-28T08:41:54+05:30

Zuckerberg’s fortune jumps $10 billion on Meta sales rebound


Meta shares rose 14% after the earnings report, lifting Zuckerberg’s fortune
to $87.3 billion and boosting him up a notch on the Bloomberg Billionaires Index
to 12th place. It’s the highest the Meta chief executive officer’s wealth
has been in more than a year.
2023-04-28T08:32:45+05:30

US stock market: Nasdaq rallies as earnings season boost offsets economy worries


The Nasdaq led gains on Wall Street on Thursday, buoyed by Facebook parent Meta
Platforms posting quarterly results that beat revenue forecasts. The social
media giant also claimed artificial intelligence was helping to drive traffic to
its services and lift ad sales. The S&P 500 communication services index saw its
biggest daily percentage gain since February 2022 of 5.5%. Alphabet's upbeat
results, Eli Lilly's raised full-year profit forecast and Comcast's impressive
financial results lifted the index. However, economic data for the first quarter
revealed US growth slowing more than analysts had anticipated, with deceleration
expected to continue.
2023-04-28T08:20:52+05:30

Gold heads for small weekly rise on muted dollar


Gold prices were mostly unchanged on Friday, although they could record a small
weekly gain as a result of a weaker dollar and persistent economic
uncertainties. The Federal Reserve's policy meeting next week looks set to be
the next market focus, with a potential 85.4% probability of a 25 basis points
rate hike. Economic concerns, meanwhile, are underlined by US growth estimates,
Japan's inflationary problems and the ongoing issue of the US's debt ceiling.
2023-04-28T08:15:55+05:30

Dollar headed for monthly loss; yen steady ahead of BOJ decision


The US dollar is facing a second consecutive monthly loss, as investors
speculate that the Federal Reserve may soon end its significant rate-hiking
cycle. Meanwhile, the yen stabilised close to a one-week high on the day of the
Bank of Japan's monetary policy decision. Investors anticipate new governor
Kazuo Ueda will retain monetary settings. Moreover, analysts suggest his tone
will attract attention as investors listen out for any tone which suggests a
tweak in forward guidance.
2023-04-28T08:10:02+05:30

Oil set for second weekly drop as recession fears, rates cloud outlook


Oil prices are on course for their second consecutive weekly decline as US
economic data and uncertainty over further interest rate rises weigh on future
fuel demand. Brent crude futures for June were trading at $78.53 a barrel, up 16
cents, while the more active July contract was up 21 cents at $78.43. US West
Texas intermediate crude rose 23 cents to $74.99. Brent and WTI are both set for
3.8% downturns, taking their declines for the past two weeks to 9.1% and 9.4%
respectively.
2023-04-28T08:03:07+05:30

Asian stocks surge ahead of BOJ policy decision


Asian stocks rose on Friday buoyed by strong corporate earnings despite
persistent concerns of economic weakness. The MSCI’s broadest index of
Asia-Pacific shares outside Japan increased by 0.94%. Japan’s Nikkei gained
0.51%, and the S&P/ASX 200 index in Australia rose 0.33%, while China shares
slumped. Investors awaited a policy decision from the Bank of Japan, which is
widely expected to maintain the short-term interest rate target of -0.1% and
estimates for guiding the 10-year bond yield remain unchanged. Meanwhile, the US
Federal Reserve is expected to raise interest rates by 25 basis points at its
meeting next week.
2023-04-28T07:59:30+05:30

Amazon sees cloud slowdown in April, shares erase gains


Amazon.com's CFO Brian Olsavsky has told analysts that customers using its cloud
services kept trying to slim down their bills during Q2 2021, meaning the
company was helping them to do so to build long-term relationships.
Consequently, revenue growth rates were about 5% points lower in April than in
the first quarter. The news saw the entire gain in the stock rise vanish in just
minutes of after-hours trading. The company's surprise gain and subsequent fall
illustrates a potentially precarious moment for the firm, which is facing a
nascent threat from Microsoft and Google, which are rolling out high-profile
artificial intelligence tools.
2023-04-28T07:54:32+05:30

Stock Market Live Updates: SGX Nifty signals a positive start; Asian shares
trade higher



2023-04-28T07:45:56+05:30

HUL Q4 profit rises 10% to Rs 2,552 cr, sales Up 11%


"We have stopped taking further price increases but at an aggregate level, we
have still not reached a level where the prices have reduced," Mehta said.
2023-04-28T07:06:16+05:30

Stocks in news: Axis Bank, Wipro, UltraTech Cement, Tech Mahindra, SBI Cards,
SpiceJet


Private sector lender Axis Bank today reported a loss of Rs 5,728.42 crore in
the March quarter on account of the acquisition of Citibank India's consumer
business. Excluding the one-time hit due to the deal, the bank made a net profit
of Rs 6,625 crore in Q4, a growth of 61% YoY.
2023-04-28T07:01:00+05:30

SGX Nifty up 70 points; here's what changed for market while you were sleeping


Option data suggests a broader trading range in between 17500 to 18500 zones
while an immediate trading range in between 17700 to 18200 zones.
2023-04-28T07:00:00+05:30

F&O rollovers hint at improving sentiment, Nifty hits 2-month high


About 65% of the Nifty futures contracts were rolled over to May series,
according to the exchange data. This is far lower than the previous series of
74% as well as the three-month average of 75%.
2023-04-28T06:57:54+05:30

Rupee outperforms most Asian peers as inflows rise


A resumption of overseas investment flows into Indian stocks over the past
couple of months has also propped up the rupee, resulting in the local unit
performing better than 10 other Asian currencies so far this month. Dealers said
that dollar inflows for IPOs of companies such as Maiden Pharma and fund-raising
by local firm Avadda had helped the rupee of late.
2023-04-28T06:54:00+05:30

Wipro Q4 net flat at Rs 3000 cr, approves Rs 12,000-cr buyback


Wipro guided for a revenue drop between 1% and 3% in the April-June quarter,
owing to a negative demand outlook. This is below estimates by brokerage houses
such as Kotak, which had estimated Wipro to guide for revenue decline of 1% to
growth of 1% for the period.
2023-04-28T06:42:27+05:30

HDFC plans Rs 15,000-crore bond issue


The bonds, which will mature on May 3, 2033, are rated AAA by Crisil and ICRA,
the housing financier said. The debt sale is part of the ₹57,000-crore
fund-raising plan approved by HDFC's board on March 27, 2023.
2023-04-28T06:38:22+05:30

Adani Group to raise $1 billion for financing green energy projects


Stock prices of listed Adani Group companies nosedived and yields on its bonds
surged after the publication of the report, hurting investor confidence and
making it difficult for the group to borrow fresh capital. The development
halted the aggressive pace at which it was expanding.
2023-04-28T06:27:57+05:30

Don't see slowdown in India, our fastest-growing market: Roland Busch, Siemens
AG's CEO


"We recently did our five-year planning and we looked into the markets and
market growth. India is number one in terms of growth. So therefore, we see a
lot of momentum in the industrial, mobility, infrastructure and electrification
space as India is very serious on driving renewables up. This is where we have a
lot of business and local production," said Roland Busch, Siemens AG's CEO.
2023-04-28T06:26:59+05:30

Axis Bank reports Q4 loss on Citi deal


The total hit due to the deal is to the tune of ₹12,490 crore, which the bank
absorbed in the March quarter. Stripping out the impact of the exceptional item
linked to the acquisition, the lender would have reported a profit of ₹6,625
crore - up 61% from ₹4,118 crore a year ago. Analysts polled by Bloomberg had
estimated a net profit of ₹2,531.6 crore for the fourth quarter.
2023-04-28T06:10:23+05:30

Analysts divided over Bajaj Finance despite strong Q4


Shares of the Sanjiv Bajaj-led company advanced 2.38% on the NSE on Thursday to
close at its two-month high of ₹6,200 per share. More than 29 lakh shares were
traded on the BSE and NSE, up 2.6 times its combined average daily volume for
the last one month.
2023-04-28T06:03:15+05:30

Online stock brokers’ bull run hits a bump; number of active users slide


Amid market volatility and return to office, active user base shrinks for some
major players
2023-04-28T06:00:00+05:30

Bitcoin extends volatility in climb back to $30,000


On Thursday, Bitcoin had surged 7.3% but erased move and fell into the red,
leaving investors scratching their heads - as is the case with swings in crypto
prices. The retreat sparked a litany of speculation.
2023-04-28T05:59:08+05:30

Mankind Pharma IPO subscribed 15.32 times


This will be one of the largest public issues by a domestic drug manufacturer
after the ₹6,480-crore IPO of Gland Pharma in 2020. The qualified
institutional buyers (QIB) category was subscribed 49 times, while the
non-institutional investors or high net-worth individuals' portion was
subscribed 3.8 times. However, the retail investor's portion was
under-subscribed at 92%.
2023-04-28T05:55:42+05:30

Reliance Capital Resolution: More challenges ahead


Although Reliance Capital's (RCap) lenders succeeded in concluding the second
auction with an improved offer, they will have to cross several hurdles before
completing the sale of the Anil Ambani financial services company as part of the
insolvency process.
2023-04-28T00:51:50+05:30

5-star rated smallcap funds with returns up to 65% in last 3 years


>> For more such web stories click on the ET icon below
2023-04-27T22:03:54+05:30

Stock Radar: Buy Apollo Hospitals for a potential target of Rs 4660, says Ruchit
Jain of 5paisa.com



2023-04-27T22:00:00+05:30

Arihant Capital settle case with Sebi; pays over Rs 17 lakh as settlement
charges


The order came after Arihant Capital proposed to settle the instant proceedings
initiated against it, "without admitting or denying the findings of facts and
conclusions of law".
2023-04-27T21:57:58+05:30

LIC front running trade case: Sebi bans 5 entities from securities mkt; impounds
Rs 2.44 cr


Going by Sebi's order, Yogesh Garg is still professionally associated with LIC.
Sebi has been informed by LIC that Yogesh Garg has been transferred from the
investment department of the company to another department of the insurance
firm.
2023-04-27T21:54:30+05:30

3 stocks signal New Longs hinting at bullish trend


>> For more such web stories click on the ET icon below
2023-04-27T21:50:31+05:30

SBI issues $750-million 5-year bonds at 4.875%


“The bonds will be issued through our London branch as of 5th May 2023 and
shall be listed on Singapore Stock Exchange and India International Exchange,
GIFT City,” SBI said in an exchange filing.
2023-04-27T21:49:00+05:30

Ahead of Market: 10 things that will decide D-Street action on Friday


The Sensex and Nifty gained for the fourth straight day, reaching higher figures
with intense buying in IT and telecom stocks and foreign fund contributions. The
positive Q4 earnings from banks and the Fed's monetary policy in the coming week
would be monitored. Analysts predicted that while the Fed may raise interest
rates by 25bps, it will most likely pause after that. Notably, the inverted head
and shoulder pattern on the daily chart implies a bullish reversal that could
lead the Nifty towards 18000/18100 over the near term.
2023-04-27T21:45:15+05:30

Tata Group-backed Trent's Q4 revenue jumps 65% YoY as fashion demand rises


Indian retailer Trent, owned by Tata Group, reported a 65% surge in Q4 revenues
to INR 21.8bn ($266.9m), supported by strong sales at its Westside and Zudio
stores. Consolidated net profit for the quarter was INR 541.6m, compared with
INR 1.6m last year. Trent had 214 Westside stores and 352 Zudio stores at the
end of March. Inflation has increased customer demand for pocket-friendly
alternatives such as Trent's Zudio stores. Shares in its parent company, Trent,
rose by 0.64%, taking gains in 2021 to around 3%.
2023-04-27T21:29:16+05:30

Gold can help you with a good night's sleep. But what about returns?


Gold is seen as a safe haven due to its lack of credit risk, and the recent
global banking credit crisis, negative US consumer data, rising central bank
stockpiling and weakening of the dollar index is driving demand. Gold is near a
make-or-break area at its resistance point near all-time high levels of
2089-2090. While an intraday spike is expected, new purchases at these levels
carry significant risks. A better strategy is waiting for a clear breakout
before taking a trade in the direction of the breakout.
2023-04-27T21:27:56+05:30

Shriram Finance Q4 Results: Net profit jumps 20% YoY to Rs 1308 crore


The company's net interest income stood at Rs 4446 crore against Rs 2628 crore
while total income was at Rs 7769 crore against Rs 5088 crore over the same
period. Interest income for the quarter was at Rs 7423 crore against Rs 4928
crore in the year ago period
2023-04-27T20:33:23+05:30

Market Trading Guide: Sun Pharma among 6 stock recommendations for Friday



2023-04-27T20:08:16+05:30

IHCL posts record profit of Rs 1053 cr in FY23; revenue from operations at Rs
5810 crore


Indian Hotels Company (IHCL) reported a record profit of INR 10.53bn ($141m) in
the financial year 2023, compared to a loss of INR 2.65bn in the previous year,
due to strong demand and asset management initiatives, among other factors. The
company's revenue from operations rose 90% to INR 58.10bn during the same
period, with IHCL achieving strong revenue per available room (RevPAR)
leadership across its portfolio in key markets. The chain now operates over 260
hotels including the recently launched Qmin and ama Stays & Trails brands.
2023-04-27T20:06:41+05:30

Paytm likely to clock sustained growth in Q4 operating profitability, says Citi;
raises target price


Citibank has raised its target price for Indian fintech Paytm to INR1,103
($14.60), signalling a potential upside of 71%. After breaking even last year,
Citibank expects Paytm's growth to continue, partly thanks to recognition of
annual UPI payouts from the Indian government, along with decent Q4 figures.
Citibank believes Paytm's lending and monetisation focus help it to achieve
ongoing growth, and has raised the estimates for FY24 and FY25 by 6% and 5%
respectively, while revised the adjusted EBITDA upwards by 31% for FY24 and 7%
for FY25.
2023-04-27T20:02:08+05:30

Chana prices fall below MSP in Maharashtra


Chana (gram) prices in Maharashtra have fallen between 4% and 6%, dropping below
the minimum support price level (MSP) due to the inclusion of chana in the state
government's stock declaration order. This has raised concerns among farmers, as
government buying at MSP is limited. Despite the government's commitment to
monitor chana stocks, pulses processors report that the overall atmosphere of
fear has curtailed trading volume, leading to a fall in chana prices. National
Agricultural Cooperative Marketing Federation is the nodal agency for chana
procurement in the country, having procured 13.76 lakh tonnes of chana.
2023-04-27T19:55:55+05:30

Embassy Office Parks REIT records 9% growth in NOI for Q4FY23


Leased 5.1 msf across 100 deals at 16% leasing spreads, highest deal activity
over last seven years
2023-04-27T19:50:31+05:30

Q4 results today: Laurus Labs, Indian Hotels, Glenmark Life, Motilal Oswal


Laurus Labs' net profit fell 55% to Rs 103 crore in Q4 2021, with revenues
declining by a marginal 3% to Rs 1,381 crore. Glenmark Life's profit for the
March quarter jumped 48% YoY to Rs 146 crore, while revenue grew 21% YoY to Rs
621 crore. Indian Hotels' net profit surged by 343% to Rs 328 crore, while
revenue grew 86% to Rs 1,625 crore. Motilal Oswal's consolidated net profit
declined by 45% YoY to Rs 165 crore, and revenue fell 2% to Rs 1,027 crore.
2023-04-27T19:40:58+05:30

Axis Bank Q4 Results: Private lender posts net loss of Rs 5,728 crore on
Citibank deal; NII rises 33% YoY



2023-04-27T19:39:02+05:30

Raymond FMCG biz sale: Stock hit fresh 52-week high, jumps 50% in one month


Godrej Consumer Products has acquired the FMCG business of Raymond, which
includes the brands Park Avenue and KamaSutra, for Rs 2,285 crore. The deal is
expected to be finalised by May 10. Sudhir Sitapati, MD and CEO of Godrej
Consumer, said the acquisition will enable the company to supplement its
business portfolio with under-penetrated categories that offer significant
growth potential. Raymond's sales amounted to Rs 522 crore last fiscal, making
it one of the top five firms in the men's deodorant and third largest in the
branded condom segments.
2023-04-27T19:35:22+05:30

US stocks open higher as upbeat earnings lift mood


The Dow Jones Industrial Average rose 79.79 points, or 0.24%, at the open to
33,381.66.
2023-04-27T19:09:38+05:30

Sebi to auction properties of 3 firms on May 30 to recover investors' money


These properties include land parcels, single-storied buildings, a residential
building and a flat located in West Bengal.Inviting bids for the sale of
properties in the recovery proceedings against the three companies and their
promoters and directors, Sebi said the auction will be conducted online on May
30 -- from 1030 hours to 1230 hours
2023-04-27T18:43:23+05:30

These 6 low-cost, high-return MF schemes gain over 20% in a year



2023-04-27T18:33:36+05:30

ETFs vs Mutual Funds: 5 key differences



2023-04-27T18:29:11+05:30

ITC shines but other tobacco company shares go up in smoke!


At a time, when ITC investors are raking in the moolah, lady luck has not been
favourable to investors of other tobacco manufacturing companies
2023-04-27T18:19:20+05:30

Tech View: Nifty forms a long bull candle on F&O expiry day. What should traders
do on Friday


Options data suggests a broader trading range between 17500 to 18500 zones,
while an immediate trading range between 17700 to 18200 zones.
2023-04-27T17:58:08+05:30

Gainers and Losers: HUL, Wipro among 6 stocks in spotlight today


​Buying in index majors Infosys and Reliance Industries added to the optimism
in the equity market.
2023-04-27T17:53:28+05:30

ET Market Watch: Sensex ends above 60,600 level; Nifty above 17,900



2023-04-27T17:52:26+05:30

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me good suggestion on time to time and very supportive team.

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