Excellent Wires and Packaging shares list at 6% discount on NSE SME platform
Excellent Wires and Packaging debuted on the NSE SME platform at Rs 85, a 5.56% discount from its IPO price, despite strong subscription interest. The company focuses on wire manufacturing and packaging solutions.
FirstCry shares surge 7% after BofA, MS initiate coverage, see up to 27% upside scope
MS considers Brainbees a key player in India’s growing childcare market, particularly through its connection with FirstCry. The firm sees multiple growth drivers & potential for further upside despite strong post-listing performance. It benchmarks Brainbees against Indian consumer discretionary stocks due to similar growth and stable EBITDA margins.
NTPC shares rally over 3% as subsidiary files DRHP for Rs 10,000 crore IPO
The company will only issue new shares and existing shareholders will not sell any stake, according to the draft papers.
Kalana Ispat IPO: Check issue size, price band, GMP and other details
Kalana Ispat’s SME IPO will open for subscription today and close on September 23. The company aims to raise Rs 33 crore by offering shares at Rs 66 each. The funds will be used for capital expenditure, including a solar power plant and rolling mill setup. Shares are expected to list on September 26.
Why two-wheelers and pharma are poised to lead ahead: Ajay Bagga
So, as the Fed eases, there will be other banks. Already five-six banks have been ahead of the Fed, especially Canada and ECB, Switzerland. So, this easing is a pivotal moment. Second, as far as India goes, look at quarter one GDP, 7.4% growth in private consumption expenditure.
ETMarkets Smart Talk: Mutual Funds drive Indian market higher despite global challenges, says CIO of Reliance General Insurance
The market reflects two major factors: sentiment and flows. Sentiment in India has been positive, especially with political uncertainty now behind us. India continues to lead the world in GDP growth.
Fund of fund schemes rake in big money after Budget boost
Ease of investing, automatic asset allocation, and favorable long-term capital gains taxation are attracting investors to fund of fund (FoF) schemes. Data from AMFI shows inflows of ₹1,008 crore in August, reversing previous outflows. FoFs invest in a mix of mutual fund schemes rather than directly in stocks or bonds, simplifying investment decisions for many.
Big movers on D-Street: What investors should do with TCS, Torrent Power and Mphasis
After hitting lows around Rs 3,583 in June 2024, the price experienced a significant upward movement, reaching an all-time high of Rs 4,592, marking a nearly 30% return from its lower level, with buyers dominating the market. A Higher Top Higher Bottom pattern developed during this rally.
IREDA planning to raise Rs 30,000 crore via debt, equity
Indian Renewable Energy Development Agency (IREDA) plans to raise ₹30,000 crore in FY25 through debt and equity. The company, which listed in November 2023, aims to fund part of this through a follow-on public offer by early next year. IREDA seeks to expand its loan book beyond ₹85,000 crore by the end of the current […]
Dollar rebounds after Fed goes big on rate cut
The U.S. dollar rose broadly on Thursday after the Federal Reserve’s significant interest rate cut. Despite initial volatility, the dollar rebounded from a one-year low against a basket of currencies. The Fed’s move was aimed at sustaining low unemployment amid easing inflation, with further rate cuts expected in the coming years.