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* * * * profit_bharuch@yahoo.co.in * +91 9825608047 * Home * About Us * Services * Financial Planning * Mutual Funds * Equity * Insurance * Taxation * NRI Corner * Contact Us PORTFOLIO LOGIN Client Employee Admin Forgot Password? Login FORGOT PASSWORD × Username Submit Pay Premium Online Click Here Useful Links Click Here Downloads Click Here Buy MF Online Click Here MARKET WATCH FUND PERFORMANCE TOOLS * SIP Performance * Human Life Calculator * EMI Calculator * Calculator * Check Your KYC * FATCA Links * Useful Links SAMPLE REPORT FORMAT * IPO News * Market News SoftBank's arm aims to raise at least $8 billion in US IPO, say sources The preparations for the IPO are expected to be kick-started in the U.S. in the coming days, the sources said. The valuation range has not yet been finalized but Cambridge, England-based Arm is hoping to be valued at more than $50 billion during its share sale, the sources said 2023-03-06T19:11:14+05:30 Nova Agritech files DRHP to raise funds via IPO According to the draft papers, the issue with a face value of Rs 2 per equity share consists of a fresh issue of equity shares worth up to Rs 140 crore and an offer-for-sale (OFS) of up to 77,58,620 equity shares by Nutalapati Venkatasubbarao 2023-03-06T17:18:32+05:30 Airox Technologies scraps IPO plans; withdraws IPO paper However, the draft offer documents for the IPO were withdrawn on February 28 and the reasons for the withdrawal have not been disclosed, an update with the markets regulator showed on Monday 2023-03-06T16:19:46+05:30 Divgi Torqtransfer Systems' IPO subscribed 5.44 times The portion reserved for retail investors was subscribed 4.31 times, while the category for non-institutional investors (NIIs), including high-net-worth individuals, was subscribed 1.4 times. The qualified institutional buyers' segment saw bidding for 7.83 times the shares set aside to them. 2023-03-04T06:59:45+05:30 Divgi TorqTransfer IPO subscribed 5.44 times on Day 3; GMP rises The retail portion was subscribed 4.31 times, while non-institutional investors (NIIs) made bids 1.4 times more than the reserved bit. Qualified Institutional Buyers (QIBs), who largely stayed on the sidelines for two days, came to the party on the last day making bids 7.83 times more than the allotted part. 2023-03-03T13:28:04+05:30 Divgi TorqTransfer IPO Day 2: Retail portion fully subscribed. Check GMP, other details Qualified institutional buyers, who stayed on the sidelines for most part on Day 2, started bidding towards fag end of the day and the part reserved for them was subscribed 6%. Tomorrow is the last day for subscription to the public issue. 2023-03-02T13:39:57+05:30 Divgi TorqTransfer IPO: GMP indicates potential listing gains. Should you subscribe? Most analysts say the public offer is decently valued and have recommended investors to subscribe to the issue. They say Divgi Torq is one of the few players in the country that has the ability to develop and supply system level transfer cases and is the only company to make torque couplers. 2023-03-02T09:01:13+05:30 Divgi TorqTransfer IPO subscribed 10% so far on Day 1. Check GMP & other details Ahead of the IPO, Divgi has raised Rs 185 crore from anchor investors, in which several mutual funds like ICICI Prudential Smallcap Fund, Nippon India Smallcap Fund, Motilal Oswal Large and Midcap Fund among others have participated. 2023-03-01T14:23:28+05:30 Nandan Nilekani-backed Divgi TorqTransfer IPO opens. Should you subscribe? The Divgi TorqTransfer IPO consists of fresh equity issue worth Rs 180 crore and an offer for sale (OFS) of 39.34 lakh shares by investors and other selling shareholders. 2023-03-01T10:00:00+05:30 What makes Divgi IPO suitable for investors with high risk appetite Divgi TorqTransfer Systems plans to raise up to Rs 412 crore through an initial public offer. Of this, Rs 180 crore would be through a fresh issue of shares mainly for expansion plans while the balance is an offer for sale by investors and promoters 2023-02-28T19:31:30+05:30 IRM Energy and Lohia Corp get Sebi nod to raise funds via IPO IRM Energy’s IPO is a complete fresh issue of up to 10,100,000 equity shares with a face value of Rs 10 per equity share. Meanwhile, Lohia Corp’s public issue is a complete offer-for-sale (OFS) of up to 31,695,000 equity shares by existing shareholders with a face value of Re 1 per unit 2023-02-28T15:03:27+05:30 FirstMeridian Business, IRM Energy, Lohia Corp get Sebi go-ahead to float IPOs Going by the draft papers, staffing firm FirstMeridian Business Services Ltd's Rs 740-crore IPO comprises fresh issuance of equity shares worth Rs 50 crore and an Offer-For-Sale (OFS) of Rs 690 crore. 2023-02-28T13:00:01+05:30 Divgi TorqTransfer fixes price band for public issue The IPO includes a fresh issue of ₹180 crore and an offer for the sale of up to 3.93 million equity shares. The company intends to meet capital expenditure requirements for the purchase of equipment and machinery from the net proceeds of the fresh issue. 2023-02-28T06:35:15+05:30 Fabindia scraps $482 million IPO amid uncertain market conditions The 62-year-old company, popular for its sustainable and traditional Indian wear, said it may consider going public in the future and that several global ESG-focused funds had expressed an interest to invest. It did not give details. 2023-02-27T16:05:05+05:30 Rs 67 crore-profit! Nandan Nilekani family trust to mint 370% return in IPO The red herring prospectus (RHP) of the IPO shows that the weighted average cost of acquisition for Nilekani's firm was Rs 125.28. Considering that shares would be allotted to IPO investors at the upper price band of Rs 590, Nilekani will make a neat profit of Rs 66.98 crore or 370% return from his investment of about Rs 18 crore. 2023-02-27T15:23:33+05:30 IPO drought to end in March with nine companies seeking to raise over Rs 17,000 crore January and February did not see any public issues. The high-profile ₹20,000-crore follow-on public offering of Adani Enterprises was called off after a rout in its share price following a Hindenburg report accusing the conglomerate of stock price 'manipulation' and accounting 'fraud'. 2023-02-27T05:56:56+05:30 Divgi TorqTransfer Systems IPO opens on March 1. Check details here The shares are expected to get listed on the exchanges on March 14. About 75% of the offer is reserved for qualified institutional buyers (QIBs), 15% for non-institutional investors and 10% for retail investors.The issue comprises fresh issue of Rs 180 crore and an offer-for-sale of up to 39,34,243 equity shares by promoters and other selling shareholders 2023-02-24T21:50:51+05:30 Abu Dhabi's ADNOC looks to raise up to $2 bln from IPO of gas unit Companies from the Middle East raised some $21.9 billion through IPOs in 2022, more than half the total for the wider EMEA region, which also includes Europe and Africa, according to Dealogic data. 2023-02-23T12:29:19+05:30 Rishabh Instruments gets Sebi nod to float IPO The company had filed preliminary IPO papers with Sebi in December last year. The issue consists of a fresh issue of equity shares worth up to Rs 75 crore and an offer-for-sale (OFS) of up to 9,417,500 equity shares by promoter and selling shareholders 2023-02-21T16:11:39+05:30 Macfos IPO gets strong response, subscribed 112 times on last day. Check GMP and other details The company said the objects of the offer are to achieve the benefits of listing. Further, the listing will enhance its goodwill and provide liquidity to the existing shareholders. The company expects that the proposed listing will also provide a public market for the shares in India. 2023-02-21T13:30:21+05:30 Jeweller Joyalukkas withdraws Rs 2,300 crore-IPO The reason for the withdrawal was not immediately clear. Joyalukkas did not immediately respond to Reuters' request for comment. The jeweller, based in the southern Indian state of Kerala, operates showrooms across roughly 68 cities and is one of the biggest jewellery retailers in the country. 2023-02-21T13:01:35+05:30 Crayons Advertising files DRHP with NSE Emerge for IPO Recently, the company announced that it won marquee mandates, including Tata Sons, National Skill Development Corporation, Indian Oil, TATA Croma, and Bank of Baroda. The mandate of the National Skill Development Corporation is to transform the brand notion and strengthen the connection with youth. 2023-02-20T12:58:38+05:30 Spectrum Talent Management files draft papers with NSE for IPO The IPO comprises a fresh issue of 60,49,600 equity shares and an offer for sale of 5,99,200 equity shares with a face value of 10 per share. The company intends to use the proceeds from the IPO primarily for acquisitions of companies in similar/complementary areas and working capital for expanding the business 2023-02-17T11:13:31+05:30 Qualcomm & Infosys-backed ideaForge Tech, NBFC co Akme Fintrade file for IPO ideaForge Technology plans to raise Rs 300 crore through fresh issue of shares; Akme Fintrade IPO comprises fresh issue of 1.10 crore shares of face value Rs 10 each 2023-02-16T19:47:57+05:30 Spectrum Talent Management files draft papers for IPO The IPO comprises a fresh issue of 60,49,600 equity shares and an offer for sale of 5,99,200 equity shares with a face value of 10 per share. The company intends to use the proceeds from the IPO primarily for acquisitions of companies in similar/ complementary areas and working capital for expanding the business. 2023-02-16T19:12:55+05:30 Akme Fintrade files IPO papers with Sebi Udaipur-based Akme Fintrade is primarily engaged in providing rural and semi-urban centric lending solution to customers in four states -- Rajasthan, Maharashtra, Madhya Pradesh and Gujarat 2023-02-16T18:14:57+05:30 Akme Fintrade files IPO papers with Sebi Udaipur-based Akme Fintrade is primarily engaged in providing rural and semi-urban centric lending solution to customers in four states -- Rajasthan, Maharashtra, Madhya Pradesh and Gujarat 2023-02-16T18:03:20+05:30 Park Hotels plans to float Rs 1500 crore-IPO in September The hotel chain had filed its draft red herring prospectus for a ₹1,000-crore IPO in January 2020 and received regulator's nod. However, the Covid-19 pandemic had postponed its IPO plans, first in March-April 2020 and again in April 2021. 2023-02-16T14:29:15+05:30 Is Swiggy gearing up for an IPO? Here are all the details 2023-02-15T20:13:10+05:30 SME IPO: Macfos offer to open this week. Price band and other details here The total reservation of Macfos IPO has been fixed at 23,28,000 shares of which 1,16,400 shares are categorized for anchor investors, 11,04,000 for qualified institutional buyers (QIBs), 3,32,400 shares for non-institutional investors (NIIs) and 7,75,200 for retail investors (RIIs) 2023-02-15T19:14:54+05:30 Stationary products maker Doms plans to raise Rs 1,200 crore in primary market ​If the company IPO plans materialize, it would be the largest company by market value in the country’s listed stationary segment 2023-02-14T21:47:09+05:30 Indian IPO market picks up pace in Q4CY2022, sees 350% QoQ jump in public offers While there has been volatility in the macro-economic environment, inflation is coming under control, and India has witnessed more activity than the previous quarters and been resilient compared to the global economy," EY said in a report 2023-02-13T13:34:54+05:30 Sebi returns Go Digit's IPO papers; company to refile Go Digit's proposed IPO comprises fresh issuance of equity shares worth ₹1,250 crore and an offer for sale (OFS) of 10.94 crore equity shares by a promoter and existing shareholders. In the OFS, Go Digit offers to sell 10,94,34,783 equity shares. 2023-02-08T06:23:03+05:30 Go-Digit to refile IPO papers after Sebi returns prospectus over employee stock plans Such rights allow an employee to receive a bonus equivalent to the rise in the company's stock price over a certain period - something Indian regulations prohibit for companies going public. 2023-02-07T15:04:18+05:30 SME IPO: Shera Energy issue opens today; check GMP and other details Shera Energy achieved good growth in its topline and bottomline in the past 18 months. The company’s PAT increased from Rs 5.03 crore in FY21 to Rs 7 crore in FY22. In FY 2023, as of September 30, 2022, the company earned a net profit of Rs 4.28 crore on a turnover of Rs 339.54 crore 2023-02-07T13:46:34+05:30 Adani’s Abu Dhabi investor says FPO funds have been returned The funding from IHC, which is controlled by a key member of the emirate’s royal family, would have represented about 16% of the offering and would have built on an almost $2 billion investment in Adani’s companies last year 2023-02-02T19:02:08+05:30 Adani Enterprises cancels FPO, to refund investors "Given the unprecedented situation and the current market volatility the company aims to protect the interest of its investing community by returning the FPO proceeds and withdraws the completed transaction," the company told exchanges after a board meeting Wednesday evening. 2023-02-02T06:54:02+05:30 Adani Enterprises calls off FPO, shares worth Rs 20,000 crore to be returned to investors 2023-02-01T22:57:10+05:30 Adani Enterprises calls off FPO, money to be returned to investors Citing the unprecedented crash in stock prices, Adani Enterprises Chairman Gautam Adani said the board felt that going ahead with the issue will not be morally correct, given these extraordinary circumstances 2023-02-01T22:32:00+05:30 Adani Enterprises FPO fully subscribed on final day The flagship entity of the Adani Group got bids for 50.9 million shares against an offer size of 45.5 million shares, excluding the anchor book, at a price range of ₹3,112-3,276 apiece. Adani Enterprises closed 2.8% higher at ₹2,973.90 Tuesday on the BSE, having dropped for two days in a row. The benchmark Sensex ended almost flat Tuesday. 2023-02-01T06:28:47+05:30 Adani Enterprises FPO fully subscribed; Group survives Hindenburg attack with NII support 2023-01-31T15:56:11+05:30 Digit Insurance to revamp $440 mln IPO again after regulator concerns Such rights allow an employee to receive a bonus equivalent to the rise in the company's stock price over a certain period - something Indian regulations prohibit for companies going public. 2023-01-31T13:20:50+05:30 Bajaj Solutions gets Sebi nod to float IPO Balaji Solutions' revenue from operations stood at Rs 482 crore in FY22, falling marginally due to normalisation post-easing of Covid-19 lockdown restrictions, while profit for the same period came in at Rs 15 crore. 2023-01-31T13:19:09+05:30 Balaji Solutions, Enviro Infra Engineers get Sebi nod to float IPO The company may consider a pre-IPO placement aggregating up to Rs 24 crore. If such placement is completed, the fresh issue size will be reduced. Proceeds from its fresh issuance worth Rs 86.60 crore will be utilized for funding incremental working capital requirements of the company, and general corporate purposes. 2023-01-31T11:59:52+05:30 Abu Dhabi-based IHC commits $400 million to Adani Enterprises FPO Additionally, AEL is close to receiving further investment commitments of $1-1.1 billion (around ₹8,100-9,000 crore) from investors in Middle East and Southeast Asia with the announcement expected on Tuesday when the FPO closes, said a person directly aware of the matter. 2023-01-31T06:55:39+05:30 FirstMeridian Business Services files fresh draft papers for IPO; cuts issue size to Rs 740 crore Incorporated in 2018, FirstMeridian provides a wide range of service offerings, including general staffing and allied services, by offering solutions for contract staffing, workforce automation, trade marketing, and global technology through short and long-term technology contract staffing 2023-01-30T17:52:18+05:30 Abu Dhabi’s IHC to invest $400 million in Adani Enterprises FPO IHC will make the investment through its subsidiary Green Transmission Investment Holding RSC Limited. 2023-01-30T17:00:43+05:30 Adani Group says FPO to continue as planned; rules out changes in price, dates of FPO 2023-01-28T22:37:34+05:30 Adani Enterprises’ FPO gets a muted start According to the offer documents, the company proposes to use '4,165 crore of the issue proceeds to repay the debt owed by the company and three subsidiaries - Adani Airport Holdings, Adani Road Transport and Mundra Solar. 2023-01-28T09:07:29+05:30 What is an FPO & how does it benefit the company, shareholders? 2023-01-25T13:17:20+05:30 7 companies run by powerpuff women gave double-digit returns in last 1 year A third-generation entrepreneur, Farah Malik Bhanji leads the 72-year old company and has driven modern retailing at Metro Brands. The company reported a strong 68% growth in turnover in FY22 and an 18% growth in the 9 months ended December 2022. 2023-03-08T08:33:53+05:30 Big Movers on D-St: What should investors do with Mahanagar Gas, Power Finance and Eicher Motors? Stocks that were in focus include names like Mahanagar Gas which was up nearly 9%, Power Finance Corporation was up over 4% and Eicher Motors closed with gains of over 1%. 2023-03-08T08:26:48+05:30 Buy Gujarat State Petronet, target price Rs 350: Emkay Global Financial Services Promoters held 37.63 per cent stake in the company as of 31-Dec-2022, while FIIs owned 17.28 per cent, DIIs 24.26 per cent. 2023-03-08T08:22:13+05:30 Stocks in focus: Ajanta Pharma, Ashoka Buildcon, Power Grid, Zydus Life, Hero MotoCorp and more 2023-03-08T08:18:10+05:30 Rupee bear StanChart now sees it rising to highest since August However, risk to the bullish rupee view stems from the possibility of the Reserve Bank of India buying dollars around 81 levels to rebuild its reserves which were used in defending the currency last year, according to Mittal. 2023-03-08T08:03:43+05:30 Buy GAIL (India), target price Rs 115: Emkay Global Financial Services Promoters held 51.91 per cent stake in the company as of 31-Dec-2022, while FIIs owned 18.04 per cent, DIIs 15.88 per cent. 2023-03-08T08:01:54+05:30 Powell’s comments unleash unsettling volatility First, and as detailed in my earlier column arguing that the Fed should not downshift from 50 to 25 basis points on Feb. 1 (as it subsequently did), the central bank seems to lack a comprehensive assessment of policy risks in today’s inherently fluid domestic and global economy. 2023-03-08T07:59:43+05:30 Buy Tech Mahindra, target price Rs 1270: Emkay Global Financial Services The brokerage is bullish on the counter considering the anticipated improvement in the margin trajectory, better capital allocation, and reasonable valuation. 2023-03-08T07:53:53+05:30 Asian stocks tumble after hawkish Powell comments A closely watched part of the U.S. Treasury yield curve measuring the gap between yields on two- and 10-year Treasury notes, seen as an indicator of economic expectations, was at -106 basis points, its deepest since August 1981, according to Refinitiv data. Such an inversion is seen as a reliable recession indicator. 2023-03-08T07:46:48+05:30 Buy Subros, target price Rs 315: HDFC Securities Surpassed the hurdle of the downtrend line at 285levels. Daily RSI shows a positive indication. 2023-03-08T07:45:52+05:30 Buy Jindal Stainless, target price Rs 318: HDFC Securities Stock is in a healthy uptrend and it is sustaining above 50 SMA, stock price has maintained a positive stance. 2023-03-08T07:39:41+05:30 Oil stabilises as surprise US crude draw offsets rate hike jitters Supporting the market on Wednesday, data from the American Petroleum Institute showed U.S. crude inventories fell by about 3.8 million barrels in the week ended March 3, according to market sources. 2023-03-08T07:39:22+05:30 Powell pushes dollar to three-month high The blockbuster week of central bank meetings and speakers rolls on later in the day, with the Bank of Canada setting policy and European Central Bank President Christine Lagarde speaking. 2023-03-08T07:35:51+05:30 Gold slips to 1-week low after Powell strikes hawkish tone Although gold is considered a hedge against inflation, interest rate hikes to control rising prices tend to decrease the appetite for zero-yield bullion. Traders of futures tied to the Fed's policy rate have priced in a 50 basis-point rate hike at the U.S. central bank's March 21-22 policy meeting following Powell's remarks. 2023-03-08T07:33:01+05:30 Stock Market Live Updates: SGX Nifty signals a negative start; Asian shares trade lower 2023-03-08T07:30:55+05:30 US stock market: Wall Street falls more than 1% as Powell flags sharper rate hikes While many investors had worried that the Fed would consider higher rates for longer than previously expected, "hearing it directly from Powell is a little different to inferring it from the data," said Chris Zaccarelli, chief investment officer at Independent Advisor Alliance. 2023-03-08T07:28:57+05:30 Buy Aditya Birla Capital, target price Rs 200: Emkay Global Aditya Birla Capital, incorporated in the year 2007, is a Large Cap company (having a market cap of Rs 37765.09 Crore) operating in NBFC sector. 2023-03-08T07:25:34+05:30 Baring PE Asia looks to pick up stake in Shriram Housing Finance Shriram Housing Finance had assets under management (AUM) of Rs 7,200 crore at the end of December. Baring PE Asia had previously been among the major contenders to acquire ICICI Home Finance, a deal that didn't materialise. 2023-03-08T06:41:47+05:30 Government looks to keep borrowing in check The big pandemic stimulus and the contraction in the economy worsened the combined Centre and state debt-to-GDP ratio to 89.2% in FY21 from 75.1% in FY20. The International Monetary Fund (IMF) has forecast the ratio will improve to 83.5% of GDP in FY23 and gradually ease from FY26 onwards. 2023-03-08T06:14:28+05:30 TCS set to bag deals worth $1 billion from Marks & Spencer New orders may include biz process services and digital transformation programmes 2023-03-08T06:00:00+05:30 NARCL acquires Helios Photovoltaic Based on the anchor bid from NARCL, PNB Investment Services had run the Swiss Challenge auction and asked interested bidders to bid at a markup of 8.5% to NARCL's offer. However, no counter bids came under the Swiss Challenge. 2023-03-08T00:46:10+05:30 Centre directs Nafed, NCCF to buy red onion from farmers "Prices remained stable due to consistency in demand and supplies as well as export potential. However, the month of February saw a decline in prices of red onion, particularly in the State of Maharashtra where the modal rate dropped to Rs 500 -700/quintal," the agriculture ministry said in a statement. 2023-03-08T00:24:48+05:30 Wheat, Sugar prices plunge 10-13% despite Holi demand The Food Corporation of India (FCI) has sold around 0.54 million tonnes of wheat out of the allocated 1.15 million tonnes to be sold through the Open Market Sale Scheme (OMSS) to traders, states, and other bidders. However, the prices of wheat are higher than last year during the same time. A kilogram of wheat cost ₹30.31 on March 6 against ₹25.67 on the same day last year, according to official data. 2023-03-08T00:22:26+05:30 Mercator Petro lenders approve Indian Oil's offer Lenders of the Mumbai-based onshore petroleum extraction company have unanimously voted for IOC's resolution plan, which equates to a 46% recovery for financial creditors, two people aware of the development told ET. IOC has also offered to share the revenue earned from oil and gas exploration with lenders for 15 years, they said. 2023-03-08T00:22:11+05:30 Adani Power amalgamates six subsidiary companies "We wish to update that all the conditions stated under the Scheme for making it effective have been satisfied, and hence the Scheme is now effective from the Appointed Date i.e. October 1, 2021, as specified thereunder," it said. The six companies -- APML, APRL, UPCL, REL, REGL and APMuL -- now stand amalgamated with APL, it added. 2023-03-07T22:31:42+05:30 Nearly 90% adults had accounts with financial institutions in FY21 The survey was initially planned to be conducted during the period January-December, 2020 but the field work was extended till August 15, 2021, due to the Covid-19 pandemic. The NSSO carried out the survey covering the entire country in its 78th round. The survey said that 34.9 % persons aged 15-29 years were in formal and non-formal education and training for the 12 months preceding the survey. 2023-03-07T20:23:23+05:30 Ahead of Market: 10 things that will decide D-Street action on Wednesday Analysts say Adani group stocks have a "collateral" effect on markets, especially financials, which were hammered earlier due to fear of exposure to the conglomerate. 2023-03-07T20:17:17+05:30 Wall Street slips at open as investors await Powell's testimony The Dow Jones Industrial Average fell 3.13 points, or 0.01%, at the open to 33,428.31. 2023-03-07T20:07:13+05:30 Govt plans to create carryover stock of Ethanol for next year "Ethanol blending is going well. Oil Marketing Companies (OMCs) have started dispensing E20 fuel in about 100 outlets in 31 cities in the country. We have started E20 fuel, if it goes well then the requirement will be more," Additional Secretary in the food ministry Subodh Kumar said. 2023-03-07T18:40:56+05:30 NCLT clears Suraksha Realty’s takeover of Jaypee Infratech In an oral order, the bench directed Suraksha to form a committee to immediately start construction, monitor the day to day progress of the construction and file a monthly update with the court. The full order was yet to be uploaded on the court website, till press time. 2023-03-07T18:01:01+05:30 Credit card outstandings rise 29.6% to record high in Jan "Many categories have been digitised which has resulted in increased spends from existing customers using their credit cards," said Rama Mohan Rao Amara, MD & CEO, SBI Card. 2023-03-07T16:50:42+05:30 Market Trading Guide: RIL, Axis Bank among 4 stock recommendations for Wednesday 2023-03-07T15:52:32+05:30 Want to build a stable value portfolio? Follow these 10 key factors A stable value portfolio consists of a bunch of high-quality, diverse stocks that give sustainable returns over a period 2023-03-07T15:15:56+05:30 Will stock market volumes take a hit with certain parts of India celebrating Holi tomorrow? Nifty opened gap up and traded higher throughout the session on back of pre-festive mood to close with gains of 117 points at 17,711 levels. Except PSU Banks and Realty, all sectors ended in green.Experts say that the positive momentum will continue in the near term with Nifty making a smart recovery in the last two sessions 2023-03-07T15:09:48+05:30 Sensex at 70,000? Why analysts say India's underperformance is over The global investment bank has maintained an ‘overweight’ stance on India, with a Sensex target of 70,000, representing an upside of 17% from current levels.Matthews said that the DII (domestic institutional investors) investment is hitting record highs quarter after quarter and that foreign ownership has also bounced back from decade lows 18.4% in June last year 2023-03-07T14:37:01+05:30 NRI investor Rajiv Jain on the reasons and risks of investment in Adani group: 5 key takeaways GQG Partners has bought shares worth Rs 15,446 crore in four Adani group companies, marking the first major investment in the Indian conglomerate since short-seller Hindenburg's critical report sparked a stock rout 2023-03-07T14:26:32+05:30 Momentum Pick: Off its 52-week high, Yes Bank may gain up to 45% As part of the RBI’s ‘Reconstruction Scheme 2020’, a consortium of eight banks led by government-owned lender State Bank of India (SBI) executed equity commitments in the bank. SBI initially bought shares worth Rs 6,050 crore for a 48% stake in Yes Bank at a consideration of Rs 10 per share 2023-03-07T13:52:36+05:30 Adani Group prepays $902 million share-backed loans The run-up in stock prices helped the total market capitalisation of 10 listed Adani stocks gain about Rs 30,200 crore on Monday to Rs 8.85 lakh crore, beyond the $100 billion threshold. 2023-03-07T12:53:53+05:30 Shades of wealth! Four smallcap financial stocks have turned multibaggers since last Holi. Do you own any? Bernstein said that the operating environment for Indian banks remains the best in a decade, maintaining its bullish view on the sector. The brokerage sees HDFC Bank, Axis Bank and SBI to outperform, while it expects Kotak Mahindra Bank and ICICI Bank to perform in line with the market. 2023-03-07T11:49:57+05:30 Cryptoverse: Hooked on growth, bitcoin investors turn to smart tokens MarketVector's Smart Contract Leaders Index, which tracks major tokens of this kind - including ether, dot and solana - is up 36% in 2023, outpacing even bitcoin's 33% rise. Solana's token is up 76% this year. 2023-03-07T11:47:33+05:30 Are you a long-term investor? 5 reasons why you should invest systematically The most important single factor impacting equity markets now, globally, is the high inflation in the developed world, particularly the US, and the hawkish monetary response from the Fed. 2023-03-07T11:40:32+05:30 Learn with ETMarkets: What is a SIP? How to invest in mutual funds via SIP? If you make smart investment choices, your money may increase in value and outpace inflation. For this to happen, an investor must use the potential of compounding and trade-off between risk and return. 2023-03-07T11:28:08+05:30 Want to invest in Warren Buffett style? Check out these 10 Indian stocks 2023-03-07T10:43:46+05:30 Gold edges higher as investors focus on Powell testimony Powell is due to deliver his semi-annual testimony before Congress on Tuesday and Wednesday, which will be closely watched for any hints on the U.S. central bank's tightening path. 2023-03-07T10:20:53+05:30 GQG Partners founder Jain to meet Australian investors after $1.9 billion Adani investment GQG Partners bought shares worth $1.87 billion in four Adani group companies, marking the first major investment in the Indian conglomerate since a short-seller's critical report sparked a stock rout. 2023-03-07T10:18:02+05:30 Up 700% in 6 months! Multibagger stock to trade ex-split, ex-bonus this week Bonus shares are fully paid additional shares issued by a company to its existing shareholders. When a firm issues bonus shares, its shareholders do not have to incur any extra costs to get them. The number of bonus shares you receive depends on the number of shares of the firm you already hold. 2023-03-07T10:13:43+05:30 No-go area? FIIs sell old economy stocks worth Rs 10,000 crore in February NSDL data shows that the worst sell-off was in the oil and gas sector, with a net outflow of Rs 4,973 crore, followed by power (Rs 2,848 crore) and metals (Rs 2,642 crore).​ 2023-03-07T10:00:24+05:30 Asia investors beat the market when they bet on women, BofA says A basket of the MSCI Asia Pacific Index’s members with the highest proportion of women in management posted average five-year returns that were four percentage points higher than the benchmark, the report found. 2023-03-07T09:56:28+05:30 Infra sector in focus! KNR Construction, Dalmia Bharat can rally up to 14% in next 12 months The Ministry of Road and Transport has identified a list of projects aggregating to 1,750 km to be monetized through ToT and InVIT in FY23. India’s National Highways Infra Trust (NHAI InVIT) is planning to raise Rs 75-80 b by monetizing the next tranche of six road assets by March 2023. 2023-03-07T09:49:35+05:30 NSE and BSE to remove Adani Ent from short-term ASM framework The National Stock Exchange (NSE) and BSE on Monday announced that Adani Enterprises will move out from the short-term additional surveillance measure (ASM) framework. The move comes into effect from March 8, according to the circular available with the exchanges. 2023-03-07T09:37:41+05:30 SCHEDULE A MEETING Refresh Send INVESTOR AWARENESS FIND US ON WHATSAPP CHECK YOUR FINANCIAL HEALTH KNOW YOUR RISK PROFILE * Disclaimer * Privacy Policy * Careers Links : * Check KYC * NSE * BSE * AMFI * SEBI * RBI * IRDA * FPSBI Copyright © 2022, Bhavin Modi. 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