PB Fintech shares jump over 3% after Rs 1,610 crore block deal
PB Fintech Share Price: Shares of PB Fintech, parent of Policybazaar, surged by 3.5% on BSE after a likely 2.1% equity stake sale worth Rs 1,610 crore via a block deal, with Tencent reportedly being the seller. The stock has delivered impressive returns over the past year and reported a consolidated net profit of Rs […]
PFC, REC shares up 3% after UBS initiates coverage on the 2 PSU stocks
Shares of state-owned PFC and REC rose by 2% and 3% as UBS initiated coverage on them. UBS sees potential growth driven by financing renewable energy and infrastructure projects.
Paytm shares rally 5% on getting govt nod for downstream investment in payments arm
Paytm Share Price: Paytm shares saw a 5% increase after approval from the finance ministry for investment in its payment services business. This allows Paytm Payments Services Limited to resubmit its payment aggregator license application. This step is crucial as it lifts regulatory barriers and could enable Paytm to onboard new online merchants, boosting its […]
SME IPO shocker: Two-showroom bike dealer got 400x subscription but lists flat
Shares of Resourceful Automobile listed flat on the BSE SME platform at Rs 117, despite strong subscription and a GMP of 89% above the offer price. The company, which operates two Yamaha showrooms, plans to use the IPO proceeds for expansion, debt repayment, and general corporate purposes.
IndiGo block deal: Rakesh Gangwal offloads 2.3 crore shares worth Rs 11,000 crore; stock cracks 3%
Shares of InterGlobe Aviation, which operates IndiGo Airlines, fell 3% to Rs 4,714.90 after co-founder Rakesh Gangwal sold 2.3 crore shares (6% equity) at Rs 4,760 each, totaling Rs 11,000 crore. The official sellers remain undisclosed. The stake sale amount was revised from Rs 6,750 crore.
ETMarkets AIF Talk: How this fund manager turned Rs 50 lakh into Rs 1.3 crore in 5 years for HNI investors
The strategy focuses on generating alpha during both rising and falling markets through sophisticated derivative and hedging strategies, ensuring stability and protection against market downturns.
Deven Choksey on 2 sectors that may outperform in the market going forward
So, commodity as a space, including chemical commodity, we find that probably the better times going forward. From the pipeline, I think the expensive inventory is also out and as a result of which some of these companies are looking relatively better placed on the margin front for FY25.
RIL AGM today: How to trade and what to expect from the Ambanis
In the 47th annual general meeting of RIL, the investors will watch out for timelines, targets, new partnerships and other announcements regarding the conglomerate’s diversified business that sprawls across oil and petrochemicals, telecom, retail, new energy and finance.
Wall Street ends down; investors brace for Nvidia report
U.S. stocks fell on Wednesday as investors awaited Nvidia’s quarterly report, seen as a key event given the company’s significant gains from the AI boom. Nvidia shares dipped, influencing other tech giants. Anticipation also surrounded the U.S. Federal Reserve’s possible interest rate cut at its September meeting.
Bernstein initiates coverage on retail and restaurant stocks
Bernstein said that as organised retailers scale up, tremendous value creation opportunities can be accessed currently by unlocking demand beyond the top 40 cities and the top 10% of the pyramid of the Indian middle-class market.