OMCs drop up to 5% as crude prices plummet

ONGC declined to the day’s low of Rs 309.2, with a fall of 4.2%. Chennai Petroleum Corporation shares dropped 5% to a low of Rs 933.3. GAIL and Oil India also witnessed a slide of up to 2%. Crude oil prices continued to slip on Wednesday. The US crude futures fell over 0.5%, following a […]

SME IPOs look like a tale of listing day boom and then gloom

Getting an allotment in an SME IPO can feel like winning a lottery, so it’s wise to book profits on the listing day. In 2024, two-thirds of the 166 SME IPOs have yielded at least a 50% return, with 67 doubling investors’ money, often on Day 1. However, after the initial surge, many investors flipped […]

Be a little cautious now; top 3 ideas to consider in this market: Hemang Jani

Hemang Jani, a market expert, indicates that the recent market momentum may taper off but highlights potential in defence and clean energy sectors due to structural reforms. He recommends cautious investment in specific companies like Deepak Nitrite and BEL amidst broader market volatility, advising against getting carried away by past performance.

Paramatrix Technologies shares list at 5% premium over issue price

Paramatrix Technologies Share Price: Paramatrix Technologies’ shares listed on the NSE SME platform with a 5% premium, debuting at Rs 115 against an issue price of Rs 110. The IPO, a fresh equity sale of 30.76 lakh shares, was subscribed over nine times. Funds will be used for infrastructure, service enhancement, and geographical expansion.

Aeron Composite stock debuts with 20% premium on NSE SME platform

Aeron Composite’s shares listed on the NSE SME platform with a 20% premium at Rs 150, compared to the issue price of Rs 125. The IPO saw a subscription of over 40 times, raising Rs 56.1 crore. Proceeds will fund a new manufacturing unit and other corporate purposes.

Ecos Mobility and Hospitality shares list at 17% premium over IPO price

The IPO has garnered strong investor interest, with a subscription rate of 64.18X. “The IPO’s valuation appears high based on the P/E ratio. Given the mixed financial performance, investors might consider a wait-and-see approach,” advised Shivani Nyati, Head of Wealth at Swastika Investmart. Ecos Mobility has provided chauffeured car rentals & employee transportation services to […]

Sebi officials flag ‘toxic’ work culture to government

Sebi officials have complained to the finance ministry about a toxic work culture under chairperson Madhabi Puri Buch. The letter accuses the leadership of using harsh language, setting unrealistic targets, and monitoring employees excessively. Sebi claims issues have been addressed, but concerns about mental health and work-life balance persist.

Ventive Hospitality, a Blackstone JV, lines up Rs 2,500-crore IPO

Ventive Hospitality, a joint venture between Blackstone Group and Panchshil Realty, plans to file for an IPO to raise ₹2,500 crore. The company owns luxury hotels in India, the Maldives, and Sri Lanka. JM Financial and Kotak Mahindra Capital are appointed for the IPO process.