Bajaj Housing Finance lists at 115% premium; bigger than next 4 peers combined
Bajaj Housing Finance made a remarkable debut on the stock market, listing at ₹150, a 115% increase from its IPO price of ₹70. The stock closed at ₹165, making it the most valuable in its segment with a market cap of ₹1.37 lakh crore. Analysts predict further gains in the near term.
Bajaj Housing Finance’s stock performance to chart HFC shares’ path
Shares of housing finance companies fell after Bajaj Housing Finance’s strong debut, as investors considered the prior run-up excessive. The future performance of these shares depends on Bajaj Housing Finance’s stock. PNB Housing Finance and LIC Housing Finance saw significant declines, while others like Can Fin Homes and Aavas Financiers also dropped.
CONCOR among 32 stocks to trade ex-dividend tomorrow; last chance to buy
State-owned Container Corporation of India (CONCOR) and 31 other companies have set September 18 as the record date for determining shareholders’ eligibility for dividend payments. Today is the last day to buy shares to qualify for dividends. CONCOR announced a final dividend of Rs 2.50 per share, with a total dividend yield of 1.16% over […]
Big movers on D-Street: What should investors do with Macrotech Developers, HDFC Bank and Adani Green?
Sensex rebounded nearly 100 points to hit a lifetime closing high, while Nifty ended just shy of its record peak. Stocks in focus included Macrotech Developers, HDFC Bank, and Adani Green. Analysts suggest cautious approaches for these stocks, with specific recommendations for entry points and target prices.
ETMarkets AIF Talk: How this fund manager doubled Rs 1 crore in under 24 months for ultra-rich investors
Here we find valuation comfort along with our desired growth rates. One sector where the exposure is negligible throughout has been IT and that remains the same as on today as well.
Shapoorji Pallonji Group wants Tata Sons to go for IPO
The Shapoorji Pallonji Group, holding an 18.37% stake in Tata Sons, has suggested exploring an IPO to unlock value for stakeholders. At the Tata Sons AGM, the SP Group praised the performance under chairman N Chandrasekaran. This marks a potential thaw in relations following years of legal battles after Cyrus Mistry’s ousting.
Stocks in news: Tata Steel, Torrent Power, TVS Motor, JK Tyre, Firstsource
Stocks in news: Domestic markets closed slightly higher on Monday, continuing Friday’s recovery. Key stocks in focus include Tata Steel, Torrent Power, TVS Motor, JK Tyre, and Firstsource due to various developments. Notable highlights include Tata Steel’s expansion in Odisha and Torrent Power’s significant investment in renewable energy projects.
Asian stocks steady as markets await Fed decision: Markets wrap
Asian stocks were steady early Tuesday following a mixed session on Wall Street. Traders are betting on a half-point rate cut from the Federal Reserve this week. Markets in China and South Korea remain shut for public holidays. Investors are also watching the trading debut of Chinese appliance giant Midea Group Co. in Hong Kong.