IPO tracker: Vaibhav Jewellers’ issue subscribed 30% on Day 2; Updater Services, JSW Infrastructure yet to take off
JSW Infrastructure’s Rs 2,800 crore-IPO, which closes on September 27, is the biggest of the month. The issue was subscribed 18% so far on the first day. The demand from retail investors was decent at 77% subscription, while NII’s category was booked at 15%. The QIB subscription was NIL as of now.
Plaza Wires to launch IPO on September 29, sets price band of Rs 51-54
The company’s product mix includes different types of wires and cables, and fast-moving electrical goods such as electric fans, water heaters, switches and switchgear, Poly Vinyl Chloride insulated electrical tape and Poly Vinyl Chloride conduit pipe and accessories.
India bonds finally at global high table with index inclusion
Foreign investors currently hold less than 2% of government securities. Officials have in the past worried about the consequences of outsized debt inflows, leaving local banks and mutual funds as the main buyers of bonds.
IRCTC shares jump 4%, break 5-session losing streak; here’s why
The Mini Ratna travel and tourism PSU company has also launched other offers with discounts of up to Rs 2,000 off air tickets on card transactions of different banks, the company filing to the exchanges said.
Technical picks: RVNL, PNB among 8 stocks that can rally up to 22% in short term
Nifty declined over 2.5% last week as investor risk appetite was dampened by worries that the Federal Reserve’s restrictive monetary policy will remain in place for longer than anticipated.
Casino operator Delta Corp shares tank 20% on Rs 11,140 crore GST notice
Shares of Delta Corp, which operates casinos in India, fell nearly 20% following a tax payment notice from the government. The notice requires the company to pay Rs 11,140 crore along with interest and penalty for the period July 2017 to March 2022.
Chart Check: 20% rally in a month! MAN Industries sees multi-year breakout from falling trendline; time to buy?
Short-to-medium-term traders can look to buy the stock on dips for a possible target above 270 levels in the next 2-3 quarters, suggest experts.
JSW Infrastructure IPO opens. Should you subscribe to the issue?
JSW Infrastructure, the largest IPO of the month, opened for public subscription on September 25 and will close on September 27. The company raised Rs 1,260 crore from anchor investors on Friday. The IPO is a fresh equity issue of Rs 2,800 crore, with a price band of Rs 113-119 per share. The funds raised […]
Hot Stocks: Brokerage view on Bajaj Finance, IRCON, and Emami
Antique initiated coverage on IRCON International with a buy rating and a target price of Rs 176. Railway dominated order book which gives revenue visibility.
What JP Morgan’s bond move will mean for fixed income investors in India
“The index inclusion process is a staggered process that starts from the middle of next year and ends by March ‘25. So, we will see flows coming into the markets over a period of time and it is a significant development from the perspective of ensuring that there is a new source of demand for […]