KRN Heat Exchanger IPO subscribed over 30 times on Day 2 so far. GMP up 113%. Check details
KRN Heat Exchanger IPO GMP: The company proposes to use the net proceeds from the IPO for investment in wholly-owned subsidiary KRN HVAC Products for setting up a new manufacturing facility at Neemrana, Alwar, in Rajasthan. The remaining amount will be used for other general corporate purposes.
HDFC Bank picks Rs 1 crore worth of stake in SME IPO with 64% GMP
HDFC Bank has acquired a stake worth Rs 1 crore in the SME IPO of Sahasra Electronics Solutions, representing 35,600 equity shares in the company ahead of its public offering. Sahasra Electronics Solutions, which specializes in electronics solutions for system design and manufacturing, raised approximately Rs 53 crore in the anchor round prior to the […]
Trent remains a great story despite the high valuation, wait for dips in CAMS: Hemang Jani
Hemang Jani, a market expert, highlights key stocks like Trent and CAMS in the current bull market. He discusses PB Fintech’s healthcare foray plans and provides insights into the auto sector, particularly the two-wheelers and OEMs. He says he is not too excited about the passenger vehicle story at this point, Jani advises caution with […]
EaseMyTrip shares jump 6% as promoter offloads stake worth Rs 920 crore
Shares of travel aggregator Easy Trip Planners, owner of EasyMyTrip, surged by 6.4% to a day’s high of Rs 36.49 on the BSE as investors seized the opportunity following the offloading of a stake by the company’s promoter, Nishant Pitti, for Rs 920 crore. Pitti sold 24,65,49,833 (24.65 crore) shares for a total value of […]
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Several global and domestic brokerage firms have initiated coverage on various stocks, expressing bullish sentiment on companies such as Trent, Tata Power, Power Grid, and JSW Energy, with a potential upside of up to 27%. Here’s a list of seven stocks on which brokerages have initiated coverage:
We will make India the preferred destination for investment, trade, technology & tourism: Piyush Goyal
Union Minister Piyush Goyal outlines how the Make in India initiative has transformed India’s manufacturing sector over the past decade. He credits government reforms like GST, IBC, and ease of doing business for this success. Goyal also emphasizes India’s potential as a global manufacturing hub due to its demographic dividend and decisive leadership.
ETMarkets Smart Talk: Investing amid high valuations – Nimesh Chandan’s take on stock picking and emerging IPOs
This feeds into the consumer cycle as well. So, the setup in terms of the corporate and economic background is very good. However, in the past two years, because of the sharp rally, some areas have become a little expensive. That’s why markets are now looking for milestones.
Discount brokers board margin funding biz with revenue channels under lens
Discount brokers are increasingly entering the margin trade funding (MTF) space to diversify revenue streams as futures and options trading faces regulatory scrutiny. Companies like Zerodha, Groww, and Fyers are launching or testing MTF products, while early movers like Mstock and Angel One have already built significant loan books in this area.
Investors turn to bonds for higher yields amid equity risks, elevated valuations
Investors are turning to bond platforms like bondbazaar and indiabonds for higher yields amid equity risks and elevated valuations. These platforms offer a variety of bonds, including PSUs, tax-free bonds, and NBFC instruments, allowing investors to earn returns of 7-20% based on their risk appetite.
Sensex at 85K, Nifty at 26K: Analysts expect some correction from higher levels
Indian equity indices hit all-time highs with Sensex closing above 85,000 and Nifty above 26,000. Analysts caution about potential short-term hurdles but do not foresee a sharp sell-off. Broader market indices ended weak. Foreign portfolio investors net sold shares, while domestic counterparts bought significantly.