The initial public offering (IPO) of Premier Energies, which opened for bidding today, was fully subscribed due to strong demand from retail and non-institutional investors. As of 2 pm, the issue was subscribed 1.18 times, with the retail investor category booked 1.23 times. The non-institutional investor (NII) category saw strong demand, being subscribed 2.51 times. … Read more
Hitting a 5% lower circuit for the third straight day, shares of Anil Ambani’s Reliance Power fell to a day’s low of Rs 31.10 on the BSE today. The decline in share price was followed by the market regulator SEBI’s decision on Friday to bar the industrialist from the securities market for five years due … Read more
The NSE Indices Committee has announced the September 2024 rejig, impacting several major indices, including Nifty 50, Next 50, Nifty 100, and Nifty Bank. These changes will lead to significant inflows and outflows for various companies. Here’s a breakdown of the key inclusions and exclusions: Nifty 50 Inclusions: Trent and Bharat Electronics are expected to … Read more
The board of ace investor Ashish Kacholia’s portfolio stock Aditya Vision, in its board meeting held earlier in the month of July had announced a sub-division of its shares in the ratio of 1:10. Later in the month of August, the company announced that the record date for the purpose of the bonus issue has … Read more
Brokerage firm JP Morgan maintained an overweight rating on Cyient while BofA and UBS have a buy call on Varun Beverages and Avenue Supermarts respectively. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: JP Morgan on Cyient: Overweight| Target price: Rs 2,100JP Morgan maintained an overweight rating … Read more
Anil Ambani-owned Reliance Power shares soared 21.5% in the last four trading sessions to touch its new peak at Rs 36.17 in Wednesday’s session after reported talks of Adani Power to acquire its 600 MW Butibori Thermal Plant, according to a report by Mint. According to the report, Adani Power is in conversation with Vidarbha … Read more
Indian Railway Finance Corporation (IRFC) and other companies are likely to remain in focus today as tomorrow, i,e. August 22 is the record date for dividends. The record date is the date set by the company to decide the shareholders who are eligible to receive the offer. To be eligible for a buyback offer, bonus … Read more
Indian market is expected to trade higher on Tuesday tracking positive global cues. The Nifty future closed flat at 24,590 levels on Monday. India VIX was down by 0.61% from 14.40 to 14.32 levels. On the options front, the maximum Call OI is placed at 25,000 and then towards 24,600 strikes while the maximum Put … Read more
Shares of Vedanta Group firm Hindustan Zinc on Monday fell around 5%, taking the price erosion in the last one week to about 20%, as its offer for sale (OFS) opened for retail investors. On Friday, non-retail investors had placed bids for 6.3 crore shares against 5.14 crore shares representing 1.22% of equity on offer, … Read more
Nifty saw a sharp bounceback last week after holding its 40-day average of 24,150. Technical analysts expect the positive momentum to continue, with the index likely to cross the 25,000-mark soon. Stocks such as Vedanta, Hindustan Copper, JSW Steel, HUL, ITC, Canara Bank, ICICI Bank, M&M and Bajaj Auto have formed bullish setups on charts, … Read more
