Smartworks Coworking IPO opens today. Check GMP, price band and other details
Smartworks Coworking Spaces will launch its IPO on July 10. The company aims to raise between Rs 576 crore to Rs 583 crore. The IPO will include a fresh issue of shares and an offer for sale. The price band is fixed at Rs 387 to Rs 407 per share.
Positive Breakout: These 7 stocks cross above their 200 DMAs
In the Nifty200 pack, seven stocks’ close prices crossed above their 200 DMA (Daily Moving Averages) on July 9, according to stockedge.com’s technical scan data. The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock. As long as the stock is priced above the 200-day […]
TCS expected to show marginal revenue growth in Q1 amid currency fluctuations
Tata Consultancy Services is projected to reveal a slight increase in dollar-denominated revenue growth for the June quarter, outperforming the previous quarter. Supported by a weaker dollar against the pound and euro, revenue is expected to rise by 1.2%. However, rupee-term revenue growth may be slower due to rupee appreciation, with a modest net profit […]
Asian stocks waver, traders eye Japan bond auction
Asian stock markets showed mixed trends at the opening bell. Bitcoin remained close to its record high. Wall Street saw gains, with Nvidia reaching a $4 trillion valuation. However, Brazilian assets declined due to new tariffs imposed by President Trump. Investors are seemingly unfazed by tariff concerns, driving the US stock rally after a volatile […]
Will Smartworks’ IPO be a game changer or a risky bet for investors?
Smartworks Coworking Spaces is launching an IPO to raise ₹583 crore, primarily for capital expenditure and debt repayment. While revenue and EBITDA have grown, the company has consistently reported net losses. Its cost-effectiveness and the expanding managed workspace market are potential advantages, but geographic concentration remains a risk. Investors should carefully consider these factors before […]
Equity MFs see surge in inflows to Rs 23,587 crore in June
Equity mutual funds rebounded in June with net inflows of ₹23,587 crore, a 24% increase from May, fueled by flexi-cap, mid-cap, and small-cap schemes. SIP contributions reached a record ₹27,269 crore, driving retail flows. Despite debt fund outflows, the industry’s AUM hit a new high of ₹74.41 lakh crore, reflecting positive investor sentiment amid market […]
Short-Seller Viceroy’s report triggers fall in Vedanta stock
Vedanta shares faced a decline following a report by Viceroy Research. The report alleges financial instability and unsustainable debt within the Vedanta Resources group. Vedanta has refuted these claims, calling them misinformation and baseless allegations. The company defends its financial position and questions the timing of the report.
Adani Enterprises’ Rs 500-crore NCD issue oversubscribed 3x
Adani Enterprises’ ₹500-crore NCD issue witnessed strong retail interest, being oversubscribed three times on its first day. The company intends to utilize at least 75% of the funds raised for debt repayment, offering an effective yield of up to 9.30%.
Investors turn cautious on unlisted companies after HDB offer pricing shock
Investor interest in unlisted firms like NSE and NSDL has decreased. This follows HDB Financial Services’ IPO pricing lower than expected. Share values of some unlisted firms have fallen. Investors are now more focused on valuations. HDB’s IPO price was significantly below its unlisted market value. This has impacted investor confidence. Some investors are selling […]