LIC crosses listing price for first time as stock jumps 5% to 52-week high
LIC shares were listed on May 17, 2022, at a discount of 8.6% to the upper price band of Rs 949 per equity share. The stock was trading amid significant volumes with over 48.64 lakh shares changing hands on the NSE around 11:20 am. Extending Monday’s gains, the stock has shot up 8% in two […]
Why Deepak Shenoy has no regrets for selling Polycab and why he likes LIC
Deepak Shenoy says Reliance is a sum of the parts valuation due to its various businesses, including telecom, oil and gas/chemical, and retail. He anticipates a demerger between the oil to consumer (O2C) segment, Jio, and Reliance Retail in the next four to five years, leading to higher market value. While the next 12 to […]
Nova AgriTech IPO price band fixed at Rs 39-41 per share. Check details
Nova AgriTech IPO, which will open for subscription from January 22 to January 24, is looking to sell shares at Rs 39-41 apiece. The company plans to raise Rs 112 crore through a fresh equity issue and an offer for sale (OFS) of 77.5 lakh shares. The allocation for qualified institutional buyers (QIBs) is at […]
Rupee can be winner after 7 years only if this one condition is met
India’s capital inflows may have a mild impact on the rupee as the central bank tightens its grip. Prospects of bond and stock inflows from JPMorgan Chase & Co’s inclusion of Indian debt in its emerging market index and a global risk-on sentiment favor the rupee. However, analysts are cautious about expecting a significantly stronger […]
Jyoti CNC Automation shares list at 12% premium over issue price
Jyoti CNC Automation’s shares listed with a 12.4% premium. The IPO received strong subscription at 38.5 times. It has a robust order book of Rs 3,300 crore and posted revenue and EBITDA CAGR of 27% and 75% over FY21-23. In FY23, revenue rose 24% to Rs 929 crore and profit was at Rs 15 crore.
Epack Durable IPO price band set at Rs 218-230/share. Check details
Epack Durable IPO will be open for subscription from January 19 to January 23. It has set the share price band for its upcoming IPO at Rs 218-230 per share. The minimum bid is for 65 equity shares. The IPO comprises a fresh equity issue of up to Rs 400 crore and an offer for […]
Hot Stocks: Brokerage view on LIC Housing, Syngene, Paytm and Bharti Airtel
UBS initiated coverage on Paytm with a target price of Rs 900. Continued monetisation and EBITDA break-even are likely to drive re-rating, said UBS.
F&O stocks to buy today: RIL, SBI among top 10 trading ideas
The Nifty future closed positive with gains of 0.88% at 22140 levels on Monday. India VIX was up by 5.27% from 13.10 to 13.79 levels. Volatility was slightly on the rise and created momentum at lifetime high zones.
Big movers on D-Street: What should investors do with Just Dial, HDFC Life and Wipro?
Stocks that were in focus included names like Just Dial, which rose 1.82%, HDFC Life, which declined 3.55%, and Wipro, whose shares jumped 6.37% on Monday.
Fund managers position December portfolio on private capex revival
They made fresh purchases in stocks like BHEL, Inox Wind, Bank of India, Indian Bank, IDFC First Bank, SAIL and Usha Martin in their December equity portfolios.