PSU bank stocks buck weak market trend, surge up to 9%; IOB top performer
In the 12-pack Nifty PSU Bank index, 11 stocks rose, barring Union Bank. The weekly gains for the index stood at 5.55%, according to Trendlyne data, the highest among the sectoral indices. The year-to-date (YTD) gains of the index are above 61%.
EMS shares list at 34% premium over issue price
EMS, a company offering water and sewage infrastructure solutions, debuted on the exchanges with a 33.6% premium over the issue price. The IPO received a strong response from investors with an overall subscription of 75.29 times. The proceeds from the IPO will be used to fund working capital requirements and other corporate purposes. The company […]
These 15 high-risk PMS equity strategies gave investors upto 73% returns in 1 year
At least 15 such high-risk PMS strategies have given returns in the range of 40-73% on a 1-year basis, showed data by investment analytics provider Finalyca.
SME IPOs: Marco Cables, Hi Green Carbon and Mangalam Alloys issues open for subscription
The company proposes to utilise the proceeds from the issue for setting up a new manufacturing plant in Maharashtra, meet working capital requirements and general corporate purposes.
Hot Stocks: Brokerage view on Zomato, Star Health, Zydus Life and NYKAA
Morgan Stanley maintained an overweight rating on Zomato but raised the target price to Rs 125 from Rs 115 earlier.
HDFC AMC gets RBI nod to acquire up to 9.5% stake in Karur Vysya Bank
RBI approval is with a caveat that HDFC shall not exceed its holding in the bank beyond the 9.5% limit, an exchange filing said. If HDFC AMC’s aggregate holding falls below 5%, prior approval of RBI will be required to increase it to 5% or more.
Stocks to buy today: Concor, Indian Bank among top 8 trading ideas
India VIX was up by 2.70% from 10.83 to 11.13 levels on Wednesday. Volatility was on the rise and comforted the bears to hit for a profit booking decline.
At multi-year highs: Blue Star among 4 stocks that saw 5-year swing high breakout
F&O Ban: Hindustan Copper, ZEEL among 9 stocks under ban on Nifty expiry day
The MWPL for Hindustan Copper stood at 96.3% on Wednesday with OI reported by Trendlyne at 30.1 million. It was down 0.9% from the previous session. The MWPL for Delta Corp stood at 95.5% on Wednesday with OI reported by Trendlyne at 13.9 million. It was down 4.3% from the previous session.