Arkade Developers listing: After a bumper IPO response, GMP signals a strong debut on Tuesday
Shares of Arkade Developers have been heavily subscribed, over 100 times, and are set to debut on the exchanges on Tuesday. Ahead of the listing, the company’s shares are showing a grey market premium of Rs 63. Based on the upper price band of Rs 128, the stock is expected to list at a strong […]
Reliance Power board approves preferential issue worth Rs 1,525 crore
Reliance Power’s board has approved issuing up to 46.20 crore equity shares/warrants worth Rs 1,525 crore via preferential allotment at Rs 33 per share. The proceeds will be used for business expansion, debt reduction, and general corporate purposes. Promoter Reliance Infrastructure will enhance its stake by over Rs 600 crore.
Waaree Energies gets Sebi nod for IPO, fresh issue worth Rs 3,000 crore
Solar PV modules manufacturer Waaree Energies on Monday received market regulator Securities and Exchange Board of India’s (Sebi) approval for its proposed initial public offering (IPO).
Tech view: Nifty nearly at 26k mark, forms bull candle. How to trade on Tuesday
Nifty formed a bull candle, closing higher by 148 points. The market is heading towards 26250. Immediate support is at 25,750. OI data shows highest call and put open interest at 26,000 and 25,800 strike prices, respectively.
No AGR relief, a higher proportion of telecom debt may get converted into equity: Balaji Subramanian
The Supreme Court has rejected the plea by telecom companies for re-computation of adjusted gross revenue (AGR), leaving no relief for major players like Vodafone Idea and Bharti Airtel. Vodafone Idea’s ability to complete its debt fundraising is crucial to maintaining its capex programme as well as preventing further subscriber loss.
Casagrand Premier Builder files DRHP for Rs 1,100 crore IPO
Casagrand Premier Builder has filed a draft red herring prospectus with SEBI to raise Rs 1,100 crore through an IPO. The funds will be used for debt repayment and general corporate purposes. The IPO includes fresh issues worth Rs 1,000 crore and an offer for sale by promoters worth Rs 100 crore.
5 smallcap mutual funds turn Rs 10,000 monthly SIP to over Rs 1 crore in 15 years
Five smallcap mutual funds have turned a monthly SIP of Rs 10,000 into over Rs 1 crore in the last 15 years. Notable performers include SBI Small Cap Fund and DSP Small Cap Fund. However, small cap schemes are risky and suitable only for investors with high risk appetite and long-term investment horizons.
Va Tech Wabag, Ami Organics among 6 stocks on which brokerages initiated coverage, see up to 50% upside
Brokerage firms initiated coverage on stocks like Va Tech Wabag and Ideaforge Technology, targeting upsides of up to 50%.
Market rotation signals IT and consumer staples as emerging leaders: Mark Matthews
And gold and Bitcoin, I guess, are going up because the dollar is going down. So, they all can be explained in a way. But I know what you are saying, it does seem a bit too good to be true.
Glenmark Pharma shares soar 8% on FDA clean report, Investec predicts 17% upside
The global brokerage firm said that it expects both earnings momentum and importantly cash flow generation to continue. Additionally, it sees Glenmark as more of an India / RoW play as these two contribute >70% of its EBITDA.