AIK Pipes And Polymers shares list at 12% premium on BSE SME platform
The Rs 15 crore IPO of AIK Pipes was subscribed 43 times at close, driven by strong interest from other investors whose category was booked 52 times. The part reserved for retail investors was booked 30.9 times.
F&O stocks to buy today: RIL, SBI among top 10 trading ideas
The Nifty future closed negative with losses of 0.26% at 21830 levels on Monday. India VIX was up by 1.24% from 14.50 to 14.68 levels. Volatility was slightly down and has been cooling off in the last three sessions.
IndiaFirst Life targets IPO launch by March
IndiaFirst Life Insurance received approval for an initial public offering from the capital markets regulator Sebi in March last year and aims to float the issue by March. The company is meeting investors to gauge the market sentiment.
Saudi Fund outpaces GIC with $31.6-billion splurge
PIF, as the Saudi fund is known, deployed $31.6 billion in 2023, according to research consultancy Global SWF. That was higher than the $20.7 billion it invested the previous year, an increase that contrasts with a wider trend – globally state-owned investors deployed $124.7 billion, about a fifth less than the prior year.
Most sectors now overvalued, some stocks hold promise: Kotak Institutional Equities
“The risk of de-rating is on the lower side for banks, while it seems very high for most other sectors,” said Kotak’s analysts including Sanjeev Prasad, Anindya Bhowmik and Sunita Baldawa in a note to clients.
Block deals put down a marker in 2023, lift equity deal value by 66%
The number of deals also saw a significant 66% increase, totalling 340 in CY23 compared to 205 in CY22. Notably, block deals took precedence, contributing to the substantial rise by generating over $20 billion through several large deals.
Many high flyers on D-Street could log over 30% gains
According to analyst consensus estimates available on Bloomberg, 15 stocks, tracked by over 10 brokerage houses, could return between 17% and 34% in 2024.
Ashok Vaswani assumes charge as Kotak Bank’s MD and CEO
Vaswani, a seasoned banker with experience at Barclays and Citigroup, is known for his role as a ‘digital evangelist’ at Barclays, where he pioneered digital banking, contributing to the bank’s recovery after the 2008 financial crisis. As a chartered accountant and company secretary, Vaswani played a key role in reshaping Barclays’ retail strategy after the […]
Rate cuts in US, volatile equities to make gold attractive
While an easing interest rate environment is seen propping up prices of the yellow metal, double-digit returns like those in 2022 and 2023 are unlikely, especially at the current levels, they said, advising investors to stagger purchases.
Dixon Tech’s laptop foray to unlock a new growth code
The New Delhi-headquartered company manufactures every third TV and one out of every four washing machines sold in India thereby demonstrating its value proposition in these consumer durable categories.