Synopsis After a phase of correction, where more than index it was the market breadth which witnessed cuts, bulls were once again making their move on the street. Before you once again become bullish, it is extremely important not to forget the fact valuations are still high. In such conditions, for investors who are looking … Read more
After a steady response on Day 1, the initial public offering (IPO) of Bharti Hexacom was subscribed 50% so far on the second day of the bidding process. The Rs 4,275 crore issue will close on April 5. The category reserved for retail investors was booked the most at 79%, followed by NIIs at 71% … Read more
The initial public offering (IPO) of SRM Contractors will open for subscription tomorrow. The issue closes on March 18. Through the public offer, the company plans to raise around Rs 130 crore. Here are 10 things to know about Krystal Integrated Services IPO before subscribing to the issue. 1) What is the business overview of … Read more
Mumbai: The ‘vroom-vroom’ of the auto engine has just got amplified by ‘views,’ ‘likes,’ and ‘notification chimes.’ The Indian passenger vehicle industry – which saw a historic 27% growth in FY23 with sales of 3.90 million vehicles, and growing since the pandemic – has floored the pedal by engaging numerous social media influencers to further … Read more
New York: The benchmark S&P 500 index hit a fresh record high on Thursday after a blowout revenue forecast from AI darling Nvidia boosted investor confidence in the sector and sparked a rally in growth and technology stocks. Nvidia’s shares surged 15.2% after the chip designer forecast a roughly three-fold surge in first-quarter revenue on … Read more
Mumbai: India’s paints industry could turn into the proverbial red ocean for several incumbents as Aditya Birla Group flagship Grasim makes a big splash with the ‘Birla Opus’ brand, potentially altering market share and profitability dynamics in a sector that has hitherto expanded with far fewer gyrations than one of its biggest revenue generators – … Read more
Chipmaker Nvidia is replacing Tesla as Wall Street’s most traded stock, adding to its prominence after becoming the third-most valuable U.S. company and showing more evidence of how central AI-related bets have become to investors. Nvidia’s outsized representation in day-to-day stock trading could leave investors more vulnerable should the chipmaker’s revenue growth fail to meet … Read more
JK Tyre & Industries is looking at investing Rs 1400 crore over the next two years to expand capacity to meet demand for truck, bus and passenger car radial in the local market. Anshuman Singhania, Managing Director at JK Tyre & Industries told ET, the company is utilising 85% of available capacity and will be … Read more
Piramal Enterprises will sell its entire stake of 20% in Shriram Investment Holdings Private Limited to Shriram Ownership Trust for Rs 1,440 crore, with the transaction expected to be completed by the end of this financial year. “This transaction is aligned with our focus on monetizing non-core assets. The proceeds from the transaction will further … Read more
MUMBAI – Avenue Supermarts Ltd reported strong numbers for the quarter ended December, with the consolidated net profit rising 17% year-on-year (YoY) to Rs 690.61 crore. Consolidated revenue from operations at Rs 13,572.47 crore too, increased by more than 17% from the year-ago period. Earnings before interest, taxes, depreciation and amortization or EBITDA during the … Read more
