Supreme Power Equipment shares list with 51% premium over IPO price
The public offer received tremendous response from investors with total subscription at 262 times at close. The retail portion of the IPO was subscribed 264 times and the NII part was booked 489 times. Meanwhile, the category reserved for QIBs was subscribed 89 times.
Will Nifty keep going up forever? Uday Kotak shares a Japanese lesson
To create a sustained growth story from hereon, Kotak said unless we avoid tax arbitrage in debt and unless debt markets grow it will be a one-legged race. “The current gap on the highest marginal tax rate between debt and equity of 39% and 10% is perhaps too wide,” he pointed out, while also recommending […]
Innova Captab shares list at just 2% premium over issue price
The IPO of Innova Captab received tremendous response from investors with 55.26 times subscription at close. The issue received bids of 50,16,58,245 shares against the offered 90,78,010 shares. At the upper price band, the company is valued at a P/E of 48.6x with a market cap of Rs 3,307 crore post the IPO.
F&O Stock Strategy: How to trade SAIL, Bharti Airtel today
Steel Authority of India’s (SAIL) stock has given a horizontal trendline breakout on the daily scale. This breakout was accompanied by robust trading volume, signalling substantial market enthusiasm.
All in a year: Equity market investors turn richer by Rs 80.62 lakh crore in 2023
The market capitalisation of BSE-listed companies has climbed sharply by Rs 80,62,310.14 crore so far this year to reach an all-time high of Rs 3,63,00,558.07 crore. At the close of trade on Thursday, the market valuation of BSE-listed firms reached the lifetime high.
Big movers on D-Street: What should investors do with Zomato, Hudco and Canara Bank?
Stocks that were in focus included names like Zomato, which fell 3.03%, Hudco, which jumped 12.19%, and Canara Bank, whose shares gained 1.7% on Thursday.
Innova Captab listing date today. What GMP indicates ahead of debut?
The initial public offering of Innova Captab was subscribed 55.26 times on the last day of bidding. The issue received bids of 50,16,58,245 shares against the offered 90,78,010 shares.
Buy Hero Moto on dips, stock may trend higher: Analysts
Hero shares crossed the ₹4,000 level on December 26 for the first time after September 2017 amid the run-up in recent weeks.
Interim budget: Govt likely to give populist spending a pass ahead of general election
Interim budget: While the numbers are being worked out, the Centre may peg its FY25 fiscal deficit at the current fiscal level (budgeted at ₹17.87 lakh crore) or even reduce it, said one of the persons cited. This would lead to a meaningful cut in the fiscal deficit relative to nominal GDP that’s expected to […]
Little value in most parts of equity markets, says Kotak Equities
The brokerage has been cautious on the mid- and small-cap space for the last three to four months, and following the recent rally, it believes that mega-cap stocks are also no longer value propositions.