Virat Kohli-backed Go Digit among three IPOs approved by Sebi
Digit’s IPO has hit multiple hurdles over compliance issues, which delayed approval for the public offer. Sebi had returned the draft offer document twice as the regulator raised concerns over share issuance.
Tech View: Nifty forms Doji candle on charts. What traders should do on Tuesday
Nifty ended 27 points higher above the 22,400 level on Monday to form an indecisive Doji candle on the daily charts.
Insurance has to grow alongside as the healthcare sector grows. Viren Prasad Shetty, Narayana Health
Viren Prasad Shetty discusses the impracticality of price caps in healthcare and the need for addressing opacity in pricing. Regulatory intervention has affected Narayana Hrudayalaya’s profitability. Healthcare sector has seen exponential growth, but affordability requires insurance to grow alongside. Shetty also says hospitals are charging a lot because it costs a lot to deliver.
Technical Pick: Havells India breaks out from 29-month consolidation to hit fresh highs
Short-term traders can look to buy the stock now for a target of 1700 levels in the next few months, suggest experts.
Arvind Kejriwal’s Delhi government presents Rs 76,000 crore budget for ‘Ram Rajya’
Delhi government today announced the budget for the financial year 2024-25 based on the concept of ‘Ram Rajya’, with special attention given to all sections of the population. Chief Minister Arvind Kejriwal has highlighted the principles of AAP’s governance inspired by ‘Ram Rajya’, including providing equal education, healthcare, and 24-hour access to electricity and water […]
Hot Stocks: Brokerages view on HDFC Bank, Apollo Hospitals, M&M and Tata Steel
Brokerage house CLSA maintained an underperform tag on JSPL but raised the target price to Rs 840 from Rs 820 earlier, while it downgraded Tata Steel to sell from outperform and slashed the target price to Rs 135 from Rs 145.
Owais Metal and Mineral Processing debuts with 187% premium over IPO price
Owais Metal debuted on NSE SME with a 187.4% premium. The IPO received over 200 times subscription. The company manufactures minerals like Manganese Oxide, Ferro Manganese, and Silico Manganese. It will use the IPO proceeds for manufacturing, working capital, and furnace automation. Its products are used in steel and casting industries, and Manganese Sulphate Plants.
RK Swamy IPO has lots going for a good bet
Out of the total proceeds from the issue, the company plans to utilise ₹87 crore for working capital needs and ₹33 crore to develop IT infrastructure. In addition, the company plans to invest ₹21.7 crore to set up customer experience centres, and ₹10.9 crore for computer-aided telephonic interview centres and digital video content production studios.
ARCIL buys Saraswat’s NPAs at 86% haircut
Avenue Capital-backed Asset Reconstruction Company (India) has bought nearly ₹400 crore worth of bad loans or non-performing assets (NPAs) from Saraswat Bank, resulting in an 86% haircut. The bank sold the NPA portfolio, including retail and MSME loans, as a clean-up for future growth capital.
GMR Highways raises Rs 700 cr debt to prepay Yes Bank
GMR Highways has raised ₹700 crore debt from foreign portfolio investors Zeal Global Opportunities Fund and Nova Global Opportunities Fund to prepay loans raised from Yes Bank. Both invested ₹350 crore each in secured, unlisted, and unrated bonds of GMR Highways maturing on February 20, 2028. The bonds have been issued at 14% per annum […]