The midcap stocks on an average have run-up by over 30% in the last 3 years, almost double the rate of large-cap stocks. At the current valuation, the market is not just pricing in next year’s earnings growth, but an earnings growth cycle for the next 3 to 5 years. Valuations of some of these … Read more
The shares of Mukka Proteins debuted on the exchanges on Thursday with a premium of 57%. The stock listed at Rs 44 as against an issue price of Rs 28 on BSE. Meanwhile, the stock listed at Rs 40, up 43% on NSE. Ahead of the listing, the company’s shares were trading with a GMP … Read more
The shares of Deem Roll Tech debuted with a premium of 55% on the NSE SME platform on Tuesday. The stock listed at Rs 200 as against an offer price of Rs 129. Ahead of the listing, the company’s stock traded with a premium of Rs 88 in the unlisted market. The IPO, which is … Read more
It was yet another strong quarter for India Inc as most companies reported better-than-expected numbers for the three months ended December, triggering further upgrades in earnings. Earnings of companies that are part of the Nifty 50 grew by 17% year-on-year (YoY), against expectations of an 11% growth, according to Motilal Oswal Financial Services. However, the … Read more
Shares of Megatherm Induction listed with a premium of 108.3% on the NSE SME platform on Monday. The stock debuted at Rs 220 as against an issue price of Rs 108. Ahead of the listing, the company’s shares traded with a premium of Rs 111 in the unlisted market. The IPO was entirely a fresh … Read more
The shares of Nova Agritech listed on the exchanges on Wednesday with a premium of 36.6%. The stock debuted at Rs 56 on BSE as against an issue price of Rs 41. Meanwhile, the stock opened at Rs 55, up 34% on NSE. Ahead of the debut, the company’s shares fetched a premium of Rs … Read more
The shares of Qualitek Labs listed with a premium of 90% over the issue price on Monday. The stock was listed at Rs 190 on the BSE SME platform as against an offer price of Rs 100. The Rs 19 crore IPO is entirely a fresh equity issue of 19.64 lakh equity shares. Ahead of … Read more
Tyre maker CEAT Ltd is foraying into steel radial tyres for two-wheelers with an aim to enhance its leadership position in the overall two-wheeler tyre segment and also to help premiumise the brand. The company, which on Friday launched its new premium range of two-wheeler steel radial tyres, is targetting both aftermarket and original equipment … Read more
There’s good news for PS Plus subscribers, as Sony gets ready to officially unveil the Premium and Extra games for January 2024. After giving members the likes of GTA 5 and Final Fantasy Origins in December, Sony will announce the January line-up at 4.30pm GMT UK time on the afternoon of January 10. The next … Read more
