Futures of various stocks have seen a build-up in the October series with traders rolling over their bets from the September contracts, which expired on Thursday. A look at stock futures that have seen higher-than-average rollovers and their near-term outlook. Titan Company CMP: Rs 3,817 Rollover to October series: 97.5% Futures open interest change in … Read more
Solar PV modules manufacturer Waaree Energies on Monday received market regulator Securities and Exchange Board of India’s (Sebi) approval for its proposed initial public offering (IPO). The company’s initial public offering comprises a fresh issue of equity shares aggregating up to Rs 3,000 crore and an offer for sale of up to 3,200,000 Equity Shares … Read more
Balaji Subramanian, AVP and telecom analyst, IIFL Securities, says that with the Supreme Court rejecting the telecom companies’ plea for re-computation of adjusted gross revenue (AGR) case, there is no relief in sight for telecom majors. If Vodafone Idea is able to complete its debt fundraising, then the capex programme should be on track and … Read more
UBS was on a selling spree on Friday as the Zurich-based bank and financial services company sold its holding in four stocks through UBS Principal Capital Asia Limited via block deals. The stocks included Concord Biotech, Five Star Business Finance, IIFL Securities and Marksans Pharma and the total share sale aggregated to Rs 480 crore. … Read more
Ethanol plants manufacturer Regreen-Excel EPC India Ltd has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO). The company’s initial share-sale comprises a fresh issue of equity shares worth Rs 350 crore and an offer-for-sale (OFS) of 1.14 crore equity shares by promoters, according to the draft … Read more
The initial public offering (IPO) of Bajaj Housing Finance was subscribed over 3 times on the second day of bidding on Tuesday, led by strong demand from non-institutional investors (NIIs). On Day One, the issue was subscribed 2.02 times. At 11:09 am, the issue attracted bids for 2,17,98,61,352 shares, or 3 times against the issue … Read more
Bajaj Housing Finance is set to launch its initial public offering (IPO) on Monday, September 9. Ahead of the public issue, the grey market premium (GMP) for the company’s shares stands at Rs 51-52, indicating a potential upside of 73% above the issue price. The price band for the IPO has been fixed at Rs … Read more
Market regulator Securities and Exchange Board of India (Sebi) has imposed a penalty of Rs 11 lakh on IIFL Securities after finding the company in violation of stock brokers’ norms. Sebi conducted an inspection of IIFL Securities between August 18 and August 25, 2022 to look into various compliance requirements for the period beginning April … Read more
India’s stock brokers are gearing up for challenging times ahead as the likelihood of stricter norms in equity derivatives is expected to aggravate the industry’s woes already weighed down by a slew of regulatory tightening measures and higher taxes on options trading. Broking officials and analysts said the profitability of these firms, especially discount brokers … Read more
Two decades ago, Warren Buffett had warned that derivatives are nothing but time bombs, both for the parties that deal in them and the economic system. And now Sebi data has proved the ‘God of stocks’ right once again. In FY24, 92.50 lakh individuals and proprietorship firms traded in index derivatives segment of NSE and … Read more
