D-Street newbie Mankind Pharma to be included in Nifty500, Nifty Midcap100 and other indices
Mankind Pharma, which recently made its stock exchange debut, has been added to several Nifty indices, including Nifty500 and Nifty Midcap150. The decision reflects the Indian pharmaceutical firm’s position as the fourth largest in the domestic space and the third largest by sales volume. The company currently enjoys a solid marketing presence and runs 25 […]
These 10 midcap stocks touch their new 52-week high; gain up to 26% in a month
Tech View: Nifty forms Hanging Man candle. What traders should do on Wednesday
Nifty saw huge short covering of the 19,300 call on Tuesday, which once again caused it to rally. As we get closer to the 19,500 mark on Nifty in the July expiry, expect to see some consolidation on the index. Bank Nifty is slowly seeing short straddles start to be created at the 45,500 mark […]
HMA Agro Industries shares list at mild premium. What should investors do?
HMA Agro Industries’ shares debuted on the stock market with a 7% premium. Analysts suggest holding the stock for at least six to eight months due to the company’s strong fundamentals and niche business model. The company, a market leader in the export of frozen buffalo meat products, recently diversified into other food processing and […]
Wipro share buyback: Retail investors make double-digit gains in Rs 12,000 crore-offer
Investors who participated in the buyback will get their payment by July 7, and the unaccepted shares will also be returned to shareholders by the 7th of this month. The record date of Wipro’s share buyback, which ran from June 22-30, was June 16. The share buyback price was fixed at Rs 445, while the […]
IDFC merger: V Vaidyanathan on what changes for IDFC Bank shareholders in short, medium and long term
Vaidyanathan says once the deal is done, what one can expect from the bank is “diversified shareholding, large institutional investors, probably even getting into the MSCI index. That will frankly be a very big moment. We are looking forward to building a great bank.”
Senco Gold IPO opens. Should you subscribe to the issue?
Senco Gold, a leading jewellery player in eastern India, has raised INR 121 crore in the anchor round ahead of its initial public offering (IPO). The company is offering shares in the price range of INR 301-317 and has received positive ratings from analysts. Senco Gold has an extensive retail network of 136 showrooms and […]
Elon Musk leads $852 bn surge among world’s richest; Adani sees highest wealth erosion
The world’s 500 richest people collectively saw their fortunes grow by $852 billion in the first half of 2023, with each member of the Bloomberg Billionaires Index making an average of $14 million per day. This was the strongest six-month period for billionaires since the latter half of 2020. The gains were driven by a […]
HMA Agro Industries shares list at 6% premium over IPO price
HMA Agro Industries, a major player in the export of packaged frozen buffalo meat, saw its shares listed at a premium on the NSE and BSE, with a strong response from non-institutional investors and qualified institutional buyers during its IPO. Despite subdued interest from retail investors, the IPO was fully subscribed. The company plans to […]
Sensex up 2.5x from Covid lows as these 25 constituents turn multibaggers!
Indian benchmark Sensex has risen 150% since March 2020 with 25 of its constituents turning into multibaggers. Tata Motors, Tata Steel, and Titan Company have outperformed the index, with Tata Motors seeing the best returns, multiplying its value more than 8 times. Mahindra & Mahindra and Maruti Suzuki India also turned multibaggers due to pent-up […]