Kumar Arch Tech files draft papers to raise Rs 740 crore via IPO
Kumar Arch Tech, a manufacturer of PVC blend-based building materials, has filed for an IPO to raise Rs 740 crore. The IPO includes a fresh share issue worth Rs 240 crore and an offer-for-sale by promoters worth Rs 500 crore. Proceeds will fund capital expenditure for its subsidiary’s greenfield project.
F&O Talk| Nifty northward rally to continue in near term, sector rotation plays crucial role: Sudeep Shah of SBI Securities
Additionally, China’s economic stimulus boosted global investor confidence, particularly in Asian markets. Metals and commodity stocks saw strong gains, while IT and export stocks rallied on hopes of a recovery in discretionary spending.
FPIs buy Indian equities worth Rs 57,359 crore in September so far. 2024 tally crosses Rs 1 lakh crore mark
In August, FPIs bought domestic shares worth Rs 7,322 crore which was down month-on-month from July when the total purchase stood at Rs 32,359 crore.
Block deals worth over Rs 14,602 crore this week. RIL, Trent, Paytm, SBI among stocks with major action
In the large cap segment, 15 companies witnessed significant block deals on the screen which were worth Rs 5,448 crore led by Reliance Industries (RIL) with four block counts totalling to Rs 1,202 crore. The next in line were Tata Group’s Trent (939 crore), Jindal Steel (Rs 483 crore), State Bank of India (SBI, 396 […]
Navigating the waves: Emerging themes in the Indian stock market
In recent years, digital transformation has become central to business strategies across various sectors in India.
How to understand PE Ratio: Key insights for investors
It’s important to use the PE ratio alongside other metrics for a comprehensive analysis of a stock’s value.
China’s challenge: Avoiding Japan’s generational gamble
The PBOC will also reduce mortgage rates by 50bp, lower the down payment ratio for second homes, and explore options for banks to purchase land from developers. Additionally, an RMB 500bn liquidity program for non-bank financial institutions and a re-lending initiative for share buybacks were announced.
IPO Calendar: 3 new issues, 12 listings to keep primary market busy next week
The next few months are going to be exciting for investors with some big companies likely to hit the public markets. These include, Hyundai Motor, Swiggy, Waaree Energies, NTPC Green, NSE among others.
UBS initiates coverage on 6 pharma stocks. Sun Pharma, Cipla among top buys
Global brokerage firm UBS has initiated coverage on several pharma stocks, highlighting potential upsides and challenges within the sector. The report points to weakening trends in both India and the US, with underappreciated growth slowdowns in these markets. UBS has provided a mixed outlook, issuing both ‘Buy’ and ‘Sell’ ratings on a range of pharmaceutical […]
Vinit Bolinjkar on his top 2 bets in auto, power next week
Vinit Bolinjkar of Ventura Securities highlights Maruti and Adani Green as top picks. Maruti aims to establish 25,000 charging points by FY25. Adani Green is also promising with upcoming IPOs. Banking, IT, and metal sectors are expected to continue performing well, although some profit-taking may occur in the coming weeks.