IPO market continues momentum with two more issues set to hit the Street this week
The IPO market has picked up pace in the second half of the year with three issues delivering strong listing gains. Netweb Technologies’ IPO comprises a fresh issue of equity shares of up to Rs 206 crore and an offer-for-sale of up to 8.5 million equity shares by promoter-selling shareholders.
Netweb Technologies IPO: What GMP signals ahead of subscription tomorrow?
The public issue with a face value of Rs 2 per equity share comprises Rs 206 crore of fresh issue and an offer for the sale of 8.5 million equity shares. The offer also includes a reservation for a subscription by eligible employees.The company is offering its shares in the range of Rs 475–Rs 500 […]
LTIMindtree Q1 Preview: Profit growth seen better than peers; FY24 guidance key
The company, which recently joined the Nifty club, is seen reporting a nearly 1% sequential rise in consolidated net revenue for the quarter to Rs 8,757 crore, according to the average of estimates given by 13 brokerages.However, the net profit growth will be much better than its peers given a better operational performance. The bottomline […]
Q1 results this week: HDFC Bank, ICICI Bank, HUL, Kotak Bank, Infosys, LTIMindtree and others
Private banking giants HDFC Bank, Kotak Mahindra Bank, YES Bank, and ICICI Bank are scheduled to release their earnings for the first quarter. Other companies such as Infosys, HUL, Ultratech Cement and JSW Steel will also announce their quarterly earnings. TCS, HCL Tech and Wipro have already released their earnings
8 smallcap stocks that are below industry PE levels can rally up to 40%
Low PE stocks are considered value stocks, which are best suited for long-term investment horizons.
Market valuation of 6 of top-10 most valued firms jumps Rs 2 lakh cr; Reliance, TCS big winners
Reliance Industries and Tata Consultancy Services led the pack among the top-10 most valued Indian companies, adding a combined Rs 2,03,010.73 crore ($27.5bn) in market valuation last week, mainly due to gains in equity markets. The value of Reliance Industries rose to Rs 18,53,033.73 crore last week, while TCS
Pen maker Flair files draft papers with Sebi for Rs 745 crore IPO
Flair Writing is among the top three players in the overall writing instruments industry with a revenue of Rs 915 crore in FY23. According to Crisil’s report, the company is the largest player in the pens segment reporting a revenue of Rs 754 crore in fiscal 2023 from the pens writing instruments segment in India.
Commerce Ministry looking at ways to increase its bandwidth to negotiate free trade pacts
“Negotiations are really time consuming and energy consuming and human resource consuming. Therefore, we are trying to increase the bandwidth within the commerce department,” the government official said.
Yellen is visiting India yet again to promote closer ties and tackle global economic problems
U.S. Treasury Secretary, Janet Yellen, is set to meet finance ministers from the Group of 20 countries in India, following a trip to Beijing. Yellen’s main objectives during her visit include pressing for debt restructuring in developing countries, pushing for modernisation of global development banks to focus more on climate change, and deepening the US-India […]