PN Gadgil Jewellers IPO to open on September 10. Check details
PN Gadgil Jewellers, Maharashtra’s second largest organised jewellery player, will launch its IPO on September 10, aiming to raise Rs 1100 crore. The funds will be used for opening new stores, debt repayment, and general corporate purposes. The company has shown significant growth in revenue and profit over recent years.
September seasonality weighs on SBI, other PSU bank stocks. Should you buy, hold or sell?
Historically, September hasn’t been kind to these three banks. BoI has seen declines in 9 out of the last 10 Septembers, while SBI and Bank of Maharashtra have fallen 8 times each during the same period. On average, their September returns are negative, with BoI at -7.7%, SBI at -3.4%, and Bank of Maharashtra at […]
IPO lock-in expires, shares of 38 companies worth $21 billion may enter market by November
Between now and November 30, $21 billion worth of shareholder lock-ins across 38 companies will expire. This includes shares from Ceigall India, Unicommerce, and Firstcry, among others. Not all unlocked shares will immediately hit the market, as some are held by promoters.
Gold slumps Rs 450 to Rs 73,600 per 10 gram; silver plummets Rs 1,650
Silver prices also plummeted by Rs 1,650 to Rs 83,600 per kilogram from Rs 85,250 per kg in the previous close, according to the All India Sarafa Association.
These 8 healthcare stocks double wealth in 2024; FIIs and MFs pile in
In 2024, the BSE Healthcare Index climbed around 36%, outpacing the benchmark Sensex’s 14% gain. ETMarkets has identified 8 healthcare stocks that have doubled investors’ wealth this year, with returns ranging from 100% to 175%. Of these, 5 have seen greater interest from institutional investors, with both FIIs and MFs increasing their stakes in the […]
PSU mutual funds offer an average of 85% return in one year. Did you invest?
PSU theme-based mutual funds have shown impressive performance, offering an average return of 84.63% over the past year. The CPSE ETF led with a 106.52% return. However, returns have been lower in the last three months, averaging 0.76%. Investors should consider long-term horizons and sector knowledge before investing.
Labour income stagnated since 2019, primarily due to Covid and technological upgradation: ILO
The World Employment and Social Outlook report, released by the ILO on Wednesday, says the global labour income share fell by 0.6 percentage points from 2019 to 2022 and has since remained flat putting upward pressure on inequality, suggesting nations should come up with comprehensive policies to ensure that the benefits of technological progress are […]
General Insurance Corporation’s OFS sees strong demand with 108% subscription on Day 1
As part of the OFS, the government has opted to exercise the greenshoe option, increasing the total stake sale to 6.78%. The government plans to sell up to a 3.39% equity stake on September 4 for non-retail investors. At an offer price of Rs 395 per share, the sale is expected to generate approximately Rs […]
Adani Enterprises’ Rs 400 crore NCD issue with 9.90% yield fully subscribed on Day 1
Adani Enterprises’ Rs 400 crore public issue of non-convertible debentures was fully subscribed by 121% on the first day, driven by retail investor interest. The NCDs offer an annual yield of 9.25% to 9.90% and have tenures of 24, 36, and 60 months. The issue closes on September 17.
Vedanta gets long term ratings upgrade from ICRA following QIP, Hind Zinc OFS
Vedanta’s long-term ratings were upgraded by ICRA following successful fund-raising efforts, including a $1 billion QIP and $400 million OFS of Hindustan Zinc shares. These moves are expected to improve credit metrics and reduce debt, enhancing financial flexibility.