Interarch Building Products shares make strong debut, lists at 44% premium
Interarch Building Products IPO listing: The shares opened at a premium of 43.47% on BSE, listing at Rs 1,291.20. Key Points
India TodayInterarch Building Products shares list at 44% premium: Book profit or hold?
Interarch Building Products IPO listing: The shares opened at a premium of 43.47% on BSE, listing at Rs 1,291.20. Key Points
India TodayHigh-Flying QXO Erases $36 Billion in Paper Value in Minutes
QXO Inc., a company that had boasted an implied valuation of more than $90 billion at one point last week, burned some investors badly late Monday when its thinly-traded shares spiraled sharply downwards. Key Points
mintAllied Blenders and Distillers shares list at 14% premium over issue price
Allied Blenders, post IPO debut, saw a 14% premium. The company holds 8% IMFL market share in India. Revenue grew by 9% and profit after tax by 50%. Facing financial volatility, it expanded the product portfolio with a strong brand presence. Key Points
Economic TimesDEE Piping Systems lists at 67% premium: Book profit or sell?
DEE Piping Systems listing: The shares opened at Rs 339 on the NSE, marking a 67%% premium over its issue price of Rs 203. On the BSE, the shares opened at Rs 325. Key Points
India Today
Aasan Loans IPO lists at 6% premium: Should you hold or sell?
Aasaan Loans listing: The shares opened at Rs 127 on the NSE, marking a 6% premium over its issue price of Rs 120. On the BSE, the shares opened at Rs 164.95. Key Points
India TodayAsia shares hit 15-month high as traders wait for CPI
By Tom Westbrook SINGAPORE (Reuters) - Asian shares hovered around 15-month highs on Tuesday and the dollar was firm ahead of highly anticipated U.S. inflation data, while Japanese bonds were squeezed Key Points
ThePrintTAC Infosec IPO subscribed nearly 400x, Radiowalla Network's issue booked 282x at close. Check GMP and oth
The SME IPOs of TAC Infosec and Radiowalla Network, backed by marquee investors Ashish Kacholia and Vijay Kedia, received massive responses from investors on Tuesday, the final day of the bidding process. Both the issues closed today. Key Points
Economic TimesAhead of Market: 10 things that will decide D-Street action on Thursday
Benchmark Sensex climbed 526 points while Nifty closed above the 22,100 level on Wednesday following buying in banking, auto and oil shares after positive macro data. The 30-share BSE Sensex climbed 0.73% to settle at 72,996 with 18 of its stocks advancing and 12 closing lower. Key Points
Economic TimesTrust Fintech IPO: SME issue subscribed 3.34 times on day 1; check subscription status, GMP, other details
Trust Fintech IPO: The SME issue was subscribed 3.34 times on the first day of subscription with the portion reserved for retail investors booked the highest. Key Points
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IDFC First Bank share price in focus after MD & CEO gifts 7 lakh equity shares to 5 people not related to him
IDFC First Bank informed that its Managing Director & CEO V. Vaidyanathan gifted 7,00,000 equity shares of the company held by him on March 21 to five people without consideration. Key Points
mintReddit’s IPO Fate Rests With Users Who Fueled Meme Stock Frenzy
When Reddit Inc. lists on the New York Stock Exchange this week, its fate will rest, in part, in familiar hands: those of its users. Key Points
mintTata Sons to sell TCS shares worth up to $1.13 billion, term sheet shows
India Business News: Tata Sons, the holding arm of Tata Group, plans to sell shares in Tata Consultancy Services (TCS) worth up to 93.62 billion rupees ($1.13 billion) on Key Points
Times Of IndiaYoung Millionaire: Narayana Murthy gifts 4-month-old grandson Infosys shares worth ₹240 crore
Ekagrah Rohan Murthy holds 15,00,000 shares or 0.04 percent stake in IT major Infosys, as per a filing with the BSE. Key Points
mintBritish American Tobacco sells 3.5% stake in ITC for Rs 17,485 cr, offloads 43.68 cr equity shares
According to block deal data available with the BSE, British American Tobacco Plc (BAT), through its affiliate Tobacco Manufacturers (India) Ltd, offloaded more than 43.68 crore equity shares of ITC. Key Points
Business TodaySteady Europe keeps stocks near record highs
By Marc Jones LONDON (Reuters) - World shares held close to record highs on Wednesday thanks to new all-time peaks in Europe and on Wall Street, as investors bet hotter-than-expected U.S. inflation Key Points
ThePrintM&M promoter group entity initiates sale of shares; sale will reduce promoters’ stake to 18.57% from 19.32
Prudential Management and Services Pvt Ltd (PMSL), a promoter group entity of Mahindra & Mahindra, is selling a small number of shares in the company for liquidity. The share sale, overseen by Kotak Securities, will reduce PMSL's holding. Mahindra's promoters collectively held a 19.32% stake in the company. Key Points
Economic TimesBulk Deals: China's Antfin sells over 2% stake in Zomato for ₹160.40 per share
Antfin offloaded a total of 176.4 million shares of the company within the price range of ₹160.11 to ₹160.40 per share. The Chinese company held a 6.32% stake in the quick commerce services provider, as of December 2023. Key Points
mintshares worth $21 billion to enter market in 4 months as IPO lock-in period expires for 66 companies
66 companies are set to see the lock-in period for pre-listing shareholders lifted between March 4 and June 29. This amounts to $21.1 billion in value terms. The value pertains to the total lock-up opening shares, but not all the shares may be sold, as a sizable portion is also held by promoters and group entities Key Points
Economic TimesBajaj Auto's Rs 4,000 crore share buyback: Dates, retail acceptance ratio, other details
Bajaj Auto's Rs 4,000 crore share buyback scheme opens tomorrow, with the company planning to buy back 40 lakh shares at a price of Rs 10,000 per share. The acceptance rate is expected to be around 26-30%, according to Nuvama. Analysts have recommended eligible shareholders of Bajaj Auto to tender their shares for the buyback. Key Points
Economic Times
IREDA, Zaggle Prepaid, and Vibhor Steel Tubes among 66 companies to see IPO lock-in expire in four months
Data compiled by brokerage firm Nuvama Professional Clients Group indicates that 66 companies spanning various sectors are scheduled to have their pre-listing shareholder lock-ins lifted in the coming four months, amounting to a value of $21.1 billion. Key Points
mintRK Swamy IPO: Should you subscribe or skip?
The IPO offering of Rs 423.56 crore includes a fresh issue of 60 lakh shares worth Rs 173 crore and an offer for sale of 87 lakh shares valued at Rs 250.56 crore. Key Points
India TodayCorporate actions this week: NMDC, Jupiter Wagons to go ex-dividend, South Indian Bank right issue and mor
There are a host of corporate actions scheduled for this week. Natco Pharma, Suprajit Engineering, NMDC, and Jupiter Wagons will trade ex-dividend, while The South Indian Bank's rights issue's ex-date is fixed this week. Key Points
Economic TimesExplained: Why Vodafone Idea shares surged over 12% today
Vodafone Idea shares surged over 12 per cent to hit a 52-week high during intraday trade on Friday. Read on to know what led to the surge in the telecom operator's share price. Key Points
India TodayPlatinum Industries IPO: All you need to know
Platinum Industries, specialising in stabilisers, is set for its Rs 235.32 crore IPO debut with 1.38 crore fresh shares opening on February 27, 2024. Key Points
India TodayAsia stocks dip, unimpressed by China rate cut
By Tom Westbrook SINGAPORE (Reuters) -Asian shares slipped from 1-1/2 month highs on Tuesday as a record rate cut in China failed to excite investors, while U.S. and Europe futures fell on fading Key Points
ThePrintPaytm shares tank 10% to extend losses for 2nd day
Shares of Paytm’s parent company One97 Communications tanked 10 per cent on Wednesday after reports claimed that a preliminary inquiry has been... Key Points
The Tribune IndiaBonus share issues boom in show of corporate strength
Bonus shares refer to additional shares that a company distributes to its existing shareholders at no extra cost. These bonus shares enhance liquidity, reduce the per-share value of a stock, and foster greater participation from retail investors, according to market participants. Key Points
Economic TimesFIIs dumped Rs 7K-crore worth Paytm shares before RBI ban. Look, what else they sold
According to a report by PRIME Database, Paytm shares worth Rs 7,441 crore were offloaded by foreign investors in the December quarter, making it the top sell by FIIs in the quarter gone by. Their holding value in Paytm's parent company, One97 Communications, dropped to Rs 25,706 crore from Rs 33,148 crore at the end of the third quarter. Key Points
Economic TimesCapital Small Finance Bank IPO subscribed 4 times on final day; NII, QIB portions see huge demand
Capital Small Finance Bank's IPO witnesses decent demand with a subscription rate of 4 times. The retail portion is subscribed 2.49 times, while the Non-Institutional Investors' category is subscribed 4.05 times. The QIB portion sees the highest level of subscription at 6.64 times. Key Points
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Masayoshi Son's strategic moves propel SoftBank to expected $373 billion net income
SoftBank Group Corp. is expected to report a net income of ¥373 billion ($2.5 billion) for the three months ended December, thanks to a gain on its stake in T-Mobile USA Inc. and rising valuations for startups in its Vision Fund portfolio. Key Points
mintSensex Today Live : Asian shares up; Gift Nifty indicates muted start
Foreign institutional investors (FIIs) net bought shares worth ₹518.88 crore, while domestic institutional investors (DIIs) sold ₹1,188.68 crore worth of stocks on February 5, provisional data from NSE showed. Key Points
MintStocks, dollar slip ahead of Fed decision on rates
By Herbert Lash and Tom Wilson NEW YORK/LONDON (Reuters) -World shares slipped on Wednesday, pulled lower by a slide on Wall Street, while Treasury prices rose as investors deemed the U.S. economy was Key Points
ThePrintTata Motors is now bigger than Maruti Suzuki on Dalal Street after 5% rally in shares
Tata Motors shares hit a fresh 52-week high on the BSE, surpassing Maruti Suzuki's market capitalisation. Tata Motors' market cap reached Rs 2.94 lakh crore. The stock has delivered over 90% returns in the last year, outperforming Nifty Auto and broader Nifty. Tata Motors reported a 27% uptick in JLR wholesales for the quarter ended December 30, 2023. Key Points
Economic TimesPersistent Systems board approves 2-for-1 stock split, declares Rs 32/share interim dividend
The existing one equity share having a face value of Rs 10 each, will be split into two equity shares having a face value of Rs 5 each, the company said in an exchange filing. This is the first time the company will be splitting the shares since it got listed. Further, the board has also recommended an interim dividend payout of Rs 32 a share for the current financial year. Key Points
Economic Times
3 IPOs under market regulator SEBI's scanner for inflating subscriptions
The development was confirmed by SEBI chairperson Madhabi Puri Buch at an event. She also said that the market regulator is working on measures to put an end to such malpractices. Key Points
India TodayOn right track! Up to 300% returns since last Budget turn IRFC, Railtel & 8 other railway stocks multibagg
Shares of railway companies, including IRFC, Ircon, Texmaco Rail & Engineering, Oriental Rail Infrastructure, Jupiter Wagons, and Railtel Corporation Of India, have tripled investors' money, rising between 209-367%. Container Corporation Of India has seen the smallest rise at 46%. The government's focus on the railway sector, with fresh capital infusion, dedicated freight corridors, new Vande Bharat trains, and other high-speed projects, has fueled the surge in these shares. Key Points
Economic TimesExplained: Why IRFC shares gained over 7% to hit 52-week high today
Shares of IRFC were trading 7.19 per cent higher at over Rs 156 apiece on the Bombay Stock Exchange (BSE) at around 11:10 am. In early trade, shares of the company jumped to Rs 157.60 to hit a fresh 52-week high. Key Points
India TodaySensex, Nifty continue slide as IT and financials sink; LTIM falls 11%
Stock market crash: The S&P BSE Sensex was down 620.68 points to 70,880.08 at 9:47 am, while the NSE Nifty50 tumbled 204.50 points to 21,367.45. A similar slide was seen in domestic-focused broader indices. Key Points
India TodayChambal Fertilisers to trade ex-buyback, Shree Ajit Pulp shares to trade ex-rights today
Chambal Fertilisers & Chemicals has declared buyback of shares worth ₹700 crore. The record date to ascertain the eligibility of shareholders for the share buyback has been fixed on January 18. Key Points
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ITC, Zomato, 2 Tata cos among top 10 largecap stocks shopped by MFs in December
MF holding in Zomato increased by a sharp 71 million shares month-on-month (MoM) in December, according to a report by PhillipCapital. shares of the online food delivery aggregator have rallied nearly 19% since December. Key Points
Economic TimesGovt plans to sell 'enemy property' shares in 84 cos; scrips of 20 firms put on block in 1st tranche
The Indian government plans to sell over 2.91 lakh 'enemy property' shares in 84 companies to individuals and corporates in tranches as part of its initiative to dispose of assets of individuals who migrated to Pakistan and China. The first tranche will involve selling 1.88 lakh shares in 20 companies and inviting bids from 10 categories of buyers, including individuals, NRIs, Hindu Undivided Families, Qualified Institutional Buyers, trusts, and companies. Key Points
Economic TimesMark Zuckerberg sells Meta shares worth $428 million. Know why stock prices plummeted
Meta shares plummeted to a seven-year low in 2022 after Mark Zuckerberg spent billions on a widely panned shift toward the metaverse. Meta owns Facebook and Instagram. Know how many shares the Meta boss sold last year. Key Points
Economic TimesApple, Amazon, Tesla: Why shares of these global giants are falling
Shares of top companies like Apple, Amazon.com, Alphabet (Google parent), Microsoft Group, Meta Platforms, Tesla and Nvidia Corp – cumulatively known as the ‘Magnificent 7’ – have been falling for the past four sessions, marking their longest losing streak in a month. Key Points
India TodayGretex Share Broking files DRHP with SEBI for IPO
The IPO, with a face value of ₹10, comprises a fresh issue of 16.78 million equity shares and an offer-for-sale (OFS) of 3.096 million shares by selling shareholders. Key Points
mintAsian shares extend global sell-off as rate hopes ebb
By Stella Qiu SYDNEY (Reuters) -Asian shares extended a global sell-off on Wednesday, while the dollar held gains, as market optimism about early and aggressive U.S. interest rate cuts ebbed ahead of Key Points
ThePrintInnova Captab listing tomorrow: Here's what GMP indicates ahead of debut
The shares of Innova Captab will debut on the exchanges on Friday. Ahead of the listing, the company's shares are commanding a premium of Rs 61 in the unlisted market. Key Points
Economic TimesIndian e-tailer Firstcry's parent files to go public
BENGALURU (Reuters) - Indian online retailer Firstcry filed for an initial public offering on Thursday, its draft papers showed. Firstcry's parent Brainbees Solutions will sell shares worth 18.16 Key Points
ThePrintRatan Tata to sell all his 77,900 shares in FirstCry IPO
The average cost of acquisition of shares by Tata comes to Rs 84.72 per share, shows FirstCry's draft red herring prospectus (DRHP) filed with the market regulator Securities and Exchange Board of India (Sebi). His total investment in the company, therefore, comes to about Rs 66 lakh. Key Points
Economic TimesFirstcry files IPO papers. SoftBank, M&M to sell stake
Firstcry IPO: Firstcry's parent Brainbees Solutions will sell shares worth Rs 18.16 billion ($218 million) and existing investors, including SoftBank, will sell up to 54.4 million shares. Key Points
Economic Times
India Shelter Finance shares list at 25% premium over IPO price
The shares of India Shelter Finance listed at Rs 618 apiece on the stock exchanges, marking a 25 per cent premium over the issue price of Rs 493. The strong listing was in line with what analysts and experts had predicted earlier. Key Points
India TodayShree OSFM E-Mobility IPO allotment out; here’s how to check your status
Shree OSFM E-Mobility Limited offered 3.784 million fresh shares at a fixed price of ₹65 per share, amounting to a total of ₹24.60 crores. Key Points
mint3 PEs offload 8% in Mankind
The PE firms cumulatively sold 16.08 million shares for ₹2,948 crore at ₹1832.46 per share. Key Points
mintMankind Pharma Block Deal: Chrys Capital divests stake worth ₹3,200 crore, Beige sells 1.44 crore shares
Kotak Mutual Funds acquired 2 million shares in the pharmaceutical company at a price of ₹1,832.30 per share. Key Points
mintInox India IPO: Company sets price band at Rs 627-660/share for its Rs 1,459-crore offer
Inox India IPO is completely an offer for sale (OFS) of 2.21 crore shares with a face value of Rs 2 each. There is no fresh issue segment in the IPO. Under the OFS, Siddharth Jain, Pavan Kumar Jain, Nayantara Jain, Ishita Jain, Manju Jain, Lata Rungta among others will offload shares. Key Points
Economic Times
Dividend Stocks: BPCL, Hindustan Zinc, among others to trade ex-dividend next week; check full list
Three state-owned majors will trade ex-dividend in the coming week. Several other shares will trade ex-split and ex-bonus next week, according to BSE. Key Points
mintGQG Partners bets Rs 1,672 crore on GMR Airports, acquires 4.7% stake
The shares were bought at Rs 59.09 apiece, a 4% discount to the previous closing price of the stock. Besides GMR Airports in the transport infrastructure space, GQG Partners also has investments in various companies of ADani Group, including Adani Enterprises, which operates the Mumbai international airport. Key Points
Economic TimesSoftBank offloads 1.1% stake in Zomato for Rs 1,125 cr; Goldman Sachs, Fidelity among buyers
According to exchange data, Softbank has offloaded 9.35 crore shares in the company at Rs 120.5 apiece. Through the deal, prominent investors, including Citigroup, Fidelity Investment, Goldman Sachs, Invesco MF, ICICI Pru Life, Morgan Stanley and others picked up shares in the company. Key Points
Economic TimesLIC share price hits 52-week high on BSE, NSE. All you need to know
The shares of LIC had hit a 52-week low of ₹530.05 in March this year. Since then, the shares have witnessed an upward trend. Key Points
Hindustan TimesSpiceJet shares skyrocket 20%, clock biggest single-day gains since October; here's why
The 15-month high of Rs 52.29 was tested on the back of strong volumes of more than 30 million shares, which was way higher than the six-month daily average volume of over 3 million shares. Along with fundraising, the board will also consider and approve the September quarter results of the debt-laden company. Key Points
Economic Times
Promoter Fairbridge Capital to sell 8.5% stake in Thomas Cook via OFS
The promoter proposes to sell up to 32,000,000 shares in Thomas Cook and has set the floor price for the same at Rs 125/share. The floor price is at a steep discount of 21% to the current market price. On Wednesday, shares of Thomas Cook ended 4.5% lower on the National Stock Exchange at Rs 158.40. Key Points
Economic Times