Blue Jet Healthcare shares list at 10% premium over issue price
The IPO of Blue Jet Healthcare was booked nearly 8 times at close, led by healthy interest from NIIs and QIBs. The IPO was priced in the range of Rs 329-346. Blue Jet Healthcare develops and supplies specialty pharmaceutical and healthcare ingredients and intermediates under a contract development and manufacturing organization (CDMO) business model.
Hot Stocks: Brokerages view on Tata Consumer, GAIL, JSPL and Bharti Airtel
CLSA maintained a buy rating on GAIL India with a target price of Rs 135. The big beat witnessed in September quarter results was led by gas trading. Trading profit rose nearly 3x our estimate driving a 76% PAT beat.
Big movers on D-Street: What should investors do with Siemens, Muthoot Finance and SBI Life?
Stocks that were in focus included names like BSE, which declined 2.61%, Muthoot Finance, which fell 1.50%, and SBI Life, whose shares gained 3.30% on Tuesday.
Non-institutional investors of Butterfly Gandhimathi defeat merger proposal
Shares of Butterfly Gandhimathi Appliances fell nearly 7% to close at ₹1,088.10, while CG Consumer Electricals declined half a per cent to close at ₹ 281.95.
Muthoot Microfin Q2 Results: Net profit jumps 25-fold to Rs 110 crore
Its interest income rose to Rs 476 crore as compared with Rs 297 crore earlier.
FPIs offload Rs 25,000 crore of Indian stocks in Oct in EM risk-off move
Money managers and analysts said flows in November will depend on whether the risk-off sentiment persists though historically equities here have mostly seen foreign purchases during the month in the past decade.
Q2 GDP growth may surprise on upside: Shaktikanta Das
The Reserve Bank of India (RBI) has projected India’s GDP growth at 6.5% for FY24. Its estimate for the Jul-Sep quarter GDP expansion is also set at 6.5%.
To tap FPIs, govt plans to GIFT wrap masala bond issue
Sources aware of the development told ET that in recent talks at the Gandhinagar-based GIFT City, the government, the Reserve Bank of India (RBI) and investors had discussed early plans regarding the quantum of the bond sale and other operational matters.
Why Anil Agarwal is breaking up the empire he built on metal and a mine of ambition
Over the course of four decades, Agarwal painstakingly built Vedanta into a $10 billion conglomerate. However, facing the risk of overwhelming debt, he is now considering dismantling the company. The pressure is escalating on this entrepreneur who began his journey as a scrap metal trader. Specifically, there is a looming challenge: a $1 billion payment […]
DBS India puts Rs 437-cr bad loans on the block, seeks all-cash bids
DBS India has invited bids for a counter bid for the portfolio of the NPAs, which should be at a minimum of 5% markup on the base price. The bank will hold the Swiss challenge on November 7, according to the bid document.