Sebi has given its nod to 28 companies to raise funds totalling Rs 45,000 crore through initial public offerings (IPOs) in April-July period of 2022-23 which has already seen 11 debutantes raising over Rs 33,000 crore. Among the firms that have secured the regulator's clearance include Lifestyle retail brand FabIndia; Bharat FIH, a subsidiary of [...]
Quarterly earnings and global developments would be the major factors driving equity markets in the holiday-shortened week ahead, analysts said. Foreign fund movement will also play a crucial role in deciding the trend, they added. Markets will remain closed on Tuesday for Muharram. "This week market will deal with the last batch of Q1 earnings [...]
On Friday, the BSE Sensex was up 89.13 points or 0.15 per cent and closed at 58,387.93, while the Nifty50 was up 15.5 points or 0.09 per cent and ended at 17,397.5. However, there are certain stocks that have gone sideways as they announced their quarterly results. Here are three stocks with good fundamentals which [...]
The shares of Interglobe Aviation Ltd and SpiceJet Limited surged by 25.17% and 27.37% respectively in the past month, led by positive developments. Interglobe Aviation Ltd The shares of Interglobe Aviation Limited (Indigo), surged 5.93% on Friday to an intraday high of ₹ 2103.95 apiece. The scrip closed at ₹2,080.55 apiece on Friday. This happened [...]
State-owned Bharat Electronics Limited (BEL) on Thursday announced a bonus issue of its equity shares in the ratio of 2:1. Eligible shareholders of BEL will receive two shares for every one share held by them. "The proposal to increase authorized share capital, alteration of the memorandum of association of the company, and the issue of [...]
The Big Bull of the Indian stock markets, Rakesh Jhunjhunwala had a major reconstruction of his portfolio in the June quarter. He has added just one stock to his portfolio which is Escorts Kubota Limited. Here are the stocks in which he has offloaded or trimmed his stake: D B Realty Limited Rakesh Jhunjhunwala held [...]
Domestic benchmark indices started the last session of the week in green. The Sensex gained 220.93 points to touch 58519.73 points, and the Nifty50 climbed to as high as 17,437.90 points, up 222.95 points from its previous close. Here are a few shares that reached their respective 52-week highs as the markets escalated: Mahindra & [...]
The shares of MRF Limited, the costliest in India, reached a new 52-week high on Thursday of Rs 89,499.90. In fact, in the last five days, the stock has gained more than 6%. In the past month, the stock has added 24%. In the month of January this year, the stocks were trading at Rs [...]
The shares of Macotech Developers (Lodha) tanked 8% to ₹1010 on the Bombay Stock Exchange on Thursday’s intraday trade. This happened after Ivanhoe, the real estate arm of the Canadian pension fund CDPQ, sold a 1.5 per cent stake via block deals. Macrotech Developers is one of the biggest real estate developers and it takes [...]
The shares of Chennai Petroleum Corporation were trading at Rs 103 a piece in January this year. From there it has spiked up to the current level of Rs 267 thereby giving a multi-bagger return of 158.08% YTD. In the past six months, the stock has given 135% returns to its shareholders. On Thursday the [...]
