Nuvama Wealth Management on Friday witnessed a series of block deals where Morgan Stanley, Goldman Sachs and Smallcap World Fund Inc bought shares at a combined cost of Rs 1,235 crore. While Morgan Stanley purchased 3.42 lakh shares at a total cost of Rs 229 crore, Goldman Sachs picked up 3.24 lakh shares and the … Read more
On the monthly expiry day, markets edged higher and gained nearly 1%, driven by favorable cues. In today’s trade, shares of Biocon, SJVN, Adani Green, Union Bank, Nuvama Wealth among others will be in focus due to various news developments. BioconBiocon has signed a licensing and supply agreement with Tabuk Pharmaceutical Manufacturing Company to commercialise … Read more
PN Gadgil Jewellers, the second largest organised jewellery players in Maharashtra, has announced that its initial public offer (IPO) will be launched on September 10. The issue size is pegged at Rs 1100 crore. The company’s IPO comprises a fresh equity issue of Rs 850 crore and an offer for sale of Rs 250 crore. … Read more
Notwithstanding all the noise around froth and stress tests, mutual fund managers could not resist the charm of Dalal Street’s ‘Chote Miyan’ as the cash levels of smallcap schemes dropped 49 basis points in March. So what did our money managers do with the cash? While a part of it could have been spent in … Read more
