Equity indices climbed over 2% to settle at record high levels on Friday after the Reserve Bank of India (RBI) revised upwards the GDP growth projection. Stocks that were in focus include names like HDFC AMC, which rose 2%, Wipro, which gained 5%, and Paytm, whose shares rallied 10% on Friday. Here’s what Pravesh Gour, … Read more
The shares of TBI Corn listed on the NSE SME platform with a premium of 110.6% on Friday. The stock debuted at Rs 198 against an issue price of Rs 94 apiece. Ahead of the listing, the company’s shares traded with a premium of Rs 66 in the unlisted market. The IPO, which was completely … Read more
The initial public offer (IPO) of Kronox Lab Sciences opened for subscription earlier today and will close on June 5. The issue is completely an offer for sale of 95.7 lakh shares. Since the IPO is entirely an OFS, all the net proceeds will go to the selling shareholders, including Jogindersingh Jaswal, Ketan Ramani and … Read more
Nifty ended Saturday’s small and special trading session 36 points higher to close above 22,500 for the first time in several days. However, a small bodied candle on the daily chart suggests very little about the future direction of the price, analysts say. On the weekly chart, a Piercing Line-type pattern was seen, which hinted … Read more
The initial public offer (IPO) of Go Digit Insurance was subscribed 50% so far around 12:20 pm on second day of the bidding process on Thursday. The retail portion was fully subscribed at 2.03 times around this time while the non-institutional investors’ portion was booked 0.48 times. As for the qualified institutional buyers (QIBs), the … Read more
After a healthy response to the IPO, the shares of Aadhar Housing Finance listed on the exchanges today at Rs 314.3, a marginal discount of 0.22%, on BSE. Ahead of the listing, the company’s traded with a premium of Rs 50 in the unlisted market The company boasts of highest assets under management (AUM) within … Read more
