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 * IPO News
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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However, the draft offer documents for the IPO were withdrawn on February 28 and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



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