Bajaj Housing Finance listing: Shares of Bajaj twins fall up to 3%
Shares of Bajaj Finance and Bajaj Finserv declined by 3.3% and 3%, respectively, on the BSE following the multibagger listing of Bajaj Housing Finance. This IPO is the largest of 2024 so far and was subscribed nearly 67 times the number of shares offered. Bajaj Finance shares hit a day’s low of Rs 7,347.10, while […]
Osel Devices IPO opens today: Check issue size, price band, GMP and other details
Osel Devices’ SME IPO opens for subscription today and close on September 19. The company aims to raise Rs 71 crore through the fresh equity issue of 44.1 lakh shares, priced at Rs 155-160 each. Proceeds will be used for debt repayment, working capital, and general corporate purposes.
Adani Power, Adani Green shares up to 5% on 6,600 MW supply deal with Maharashtra govt
Adani Power Share Price: Shares of Adani Power and Adani Green surged nearly 5% after securing LOIs from MSEDCL for 6,600 MW of hybrid solar and thermal power. Adani Enterprises also saw a 2% rise.
Rice stocks rally up to 15% after Government removes minimum export price
Shares of rice companies like KRBL, LT Foods, and Kohinoor Foods surged up to 15% on BSE after the government removed the $950/tonne minimum export price for basmati rice, boosting global demand.
Arkade Developers IPO opens for subscription. Should you bid or skip?
The issue involves a fresh equity sale totaling Rs 410 crore. The public offering allocates approximately 50% to qualified institutional buyers, 35% to retail investors, and 15% to non-institutional investors. In the unlisted market, the company’s shares are trading with a Grey Market Premium (GMP) of Rs 70, reflecting a 54% premium over the issue […]
Big movers on D-Street: What should investors do with Bharti Hexacom, Jubilant Pharmova and Westlife?
Equity indices Sensex and Nifty ended marginally lower on Friday after a record rally, with profit-taking emerging. Stocks in focus included Bharti Hexacom, Jubilant Pharmova, and Westlife. Analysts recommend monitoring key support and resistance levels for these stocks as they show potential for further gains.
Record run in small, midcaps may continue as inflows continue unabated despite warning signals
The ongoing surge in mid-cap and small-cap stocks is expected to continue, driven by domestic investor flows. Analysts caution that the pace may slow after the US Federal Reserve’s rate-setting meeting on September 18. Despite high valuations, investor sentiment remains optimistic, with potential for further gains or sharp corrections based on upcoming news.
IPO Watch: Northern Arc’s mix of lending services offers long-term play
Northern Arc Capital, a mid-tier nonbanking finance company, plans to raise ₹500 crore through fresh equity and ₹277 crore via an offer for sale by existing investors. The company focuses on lending to MSMEs, microfinancing, and consumer financing. Its assets under management grew by 28% annually between FY22 and FY24.
D-Street investors take a fancy to listed regional players
Several regional companies like PN Gadgil, Arkade Developers, and Manoj Vaibhav Gems N Jewellers have recently launched IPOs, with some outperforming their national peers. These businesses attract private equity due to their strong local market expertise but face risks such as high business concentration and limited market size.
ETMarkets Smart Talk | IPO surge driven by Fintech, EV, and tech as bull market boosts liquidity: Vikram Kasat
The market has already factored in a series of rate cuts, so attention is shifting to new concerns, particularly the anticipated economic slowdown that typically follows every economic cycle.