Hexaware Technologies IPO share allotment likely today: Check status, listing date and other details
Hexaware Technologies’ IPO received a decent response with a subscription rate of just over 2 times. The company will finalise share allotment today. Despite a marginal GMP of Rs 1, Hexaware has shown consistent growth in recent years, increasing revenue significantly from Rs 7,178 crore in CY21 to Rs 10,380 crore in CY23.
Ajax Engineering shares to debut today. Check what GMP indicates ahead of listing
Ajax Engineering’s IPO saw a strong response, with a 6x overall subscription and 13x in institutional categories. Despite this, a flat debut is expected, with a GMP of Rs 0. The company is known for its significant innovations in concrete equipment, including the SLCM with load cell technology.
BHEL shares in focus on bagging Rs 6700 crore order from Singareni Collieries
Bharat Heavy Electricals Ltd (BHEL) secured a Rs 6,700 crore order from Singareni Collieries Company to establish an 800 MW thermal power unit in Telangana. BHEL will handle the design, engineering, manufacturing, supply, and more for the project, which underscores its role in India’s energy security.
Nifty could weaken further to 22,670 support: Analysts
Stocks to consider for long positions include Bajaj Finance, Bajaj Finserv, ICICI Bank, M&M, UltraTech Cement, United Breweries, and Divi’s Lab.
RBI lets funds flow to tackle liquidity deficit
Since January 30, the RBI has taken measures to infuse durable liquidity via various OMOs and VRRs, in addition to ₹43,000 crore via foreign exchange swaps. In addition, the central bank conducted screen-based OMOs for ₹59,000 crore.
Asia shares becalmed, dollar on back foot
Geopolitics remained in focus with reports that talks on the Russian-Ukraine conflict will begin in Saudi Arabia this week, though the participants are not entirely clear.
Lenskart sharpens focus on IPO at $10 billion valuation
Omnichannel eyewear retailer Lenskart has started the process of its initial public offering (IPO) and is looking to file its draft papers by May, sources told ET. The company is set to enter the public markets with a $10 billion valuation, double its previous funding round.
India remains a bright spot with its strong fundamentals: Amundi
“The valuation of India has become very significant, and investors are taking their profit,” said Baudson in an interview during her recent visit to India. Amundi is a stakeholder in SBI Mutual Fund, owning 37% of the country’s largest asset manager. SBI owns 63%.
A market rebound likely after 8 red days: Samco Securities
Indian indices have seen a broad-based selloff in the last few days due to a multitude of factors ranging from US President Donald Trump’s tariffs on imports, foreign portfolio selling in India, weaker third-quarter earnings and a dollar rally.
India Inc logs double-digit profit growth in Q3, outlook cautious
According to the ETIG analysis, aggregate revenue for a sample of 3,400 companies rose by 6.9% while net profit grew by 12.6% year-on-year in the December quarter. Revenue and profit growth was 7.9% and 26.2%, respectively, in the year-ago quarter.