Senco Gold raises Rs 459 crore via QIP, allots 40.8 lakh shares
Senco Gold Limited raised Rs 459 crore through a Qualified Institutions Placement (QIP), issuing 40.8 lakh equity shares at Rs 1,125 per share. Major investors included funds managed by Tata AIA Life Insurance and ICICI Prudential Life, among others. The funds will support the company’s expansion plans, including adding 18-20 stores annually.
F&O Talk| Nifty to face resistance around the 25,400, consolidation likely in 2025: Rahul Ghose of Hedged.in
Indian equity markets experienced volatility, ending with modest gains driven by easing inflation and IT sector optimism. Expert analysis suggests a consolidation phase, with potential for further upside but also resistance at higher levels. FIIs show recent selling, while specific sectors like IT and FMCG offer potential opportunities.
Eleganz Interiors files IPO papers with NSE Emerge
Eleganz Interiors plans to go public. The company filed for an IPO with NSE Emerge. The IPO will consist of fresh shares. Eleganz aims to raise funds for debt repayment and working capital. The company provides interior fit-out solutions across India. Eleganz reported strong revenue and profit in recent quarters. The company is led by […]
Dalal Street Week Ahead: Will Nifty extend gains or re-enter consolidation?
The Nifty ended a volatile week with a modest gain, closing above the crucial 24700 resistance level. This positive move hinges on maintaining this level, with potential for further gains if held. Sectorally, Bank, Financial Services, Private Banks, and IT are expected to outperform, while PSU Bank, Realty, and Metal show improving relative strength.
FIIs aid December recovery as they turn buyers, buy equities worth Rs 14,435 crore
Foreign institutional investors (FIIs) returned to buying Indian equities in December, injecting Rs 22,765 crore and boosting market recovery after months of selling. This fueled a rally, especially in large-cap stocks, despite concerns about high valuations and a rising dollar. Positive political developments, recovering corporate stocks, and easing inflation further supported the market’s upward trend.
8 smallcap stocks that touched 52-week high this week, give up to 37% returns
Smallcap stocks rallied this week, with some hitting 52-week highs. Easing food inflation and rising US spending expectations boosted sectors like FMCG and IT. Centum Electronics led the gainers with a 36.8% surge, followed by Sunflag Iron and Steel at 27%.
PC Jeweller among 9 stocks with record dates for dividends, bonuses, splits this week. Do you own any?
Investors should watch for key dates for corporate actions. PC Jeweller and Shish Industries have stock splits. Linc Ltd has a stock split and bonus share issuance. Sky Gold and Rajeshwari Cans announced bonus shares. Multiple companies declared dividends, including Styrenix, Bambino, Sacheta, and Steel City. Ensure your shares are in your demat account by […]
Trump Era Begins: What it means for global markets and Indian economy
Markets experienced volatility following Trump’s election win and Republican control of Congress. While the US economy remains resilient, Trump’s policies pose inflationary risks, influencing Fed decisions on rate cuts. Global economic divergence, particularly between a strong US dollar and weaker BRICS currencies, adds to market complexity.
The Creative CEO: 7 Ways Ajit Menon Champions Physical and Mental Fitness
Ajit Menon, CEO of PGIM India Mutual Fund, brings a unique blend of creativity, empathy, and innovation to his leadership approach. In an exclusive interview for Mind Over Money, he shared insights into his personal passions, professional philosophies, and the driving forces behind his success.
It took ages to build, but these founders gained Rs 37,716 cr wealth within a year of IPOs
A new study reveals that owner-managed companies are leading value creation after IPOs. In FY23 and FY24, 167 out of 169 newly listed NSE companies were founder-led. Promoters’ holdings surged by Rs 37,716 crores within a year of listing, demonstrating investor confidence in their leadership and long-term vision. The manufacturing sector emerged as the biggest […]