Excellent Wires and Packaging debuted on the NSE SME platform at Rs 85, a 5.56% discount from its IPO price, despite strong subscription interest. The company focuses on wire manufacturing and packaging solutions.
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FirstCry shares surge 7% after BofA, MS initiate coverage, see up to 27% upside scope
FirstCry Share Price: MS considers Brainbees a key player in India’s growing childcare market, particularly through its connection with FirstCry. The firm sees multiple growth drivers & potential for further upside despite strong post-listing performance. It benchmarks Brainbees against Indian consumer discretionary stocks due to similar growth and stable EBITDA Continue Reading
NTPC shares rally over 3% as subsidiary files DRHP for Rs 10,000 crore IPO
NTPC Share Price: The company will only issue new shares and existing shareholders will not sell any stake, according to the draft papers.
Reliance Power, Reliance Infrastructure shares rise up to 7.5%; what’s driving the gains?
Reliance Power has announced the settlement of obligations amounting to Rs 3,872.04 crore concerning the guarantee for lenders VIPL. The company also reported that all disputes with CFM Asset Reconstruction have been resolved, and it has pledged 100% of VIPL’s shares to CFM in exchange for the release and discharge Continue Reading
Bajaj Housing Finance shares tumble 11% in 2 days. Should you buy, sell or hold?
Bajaj Housing Finance Share Price: Bajaj Housing Finance shares have fallen by 11% over the past two days after a strong debut. Despite this dip, analysts remain optimistic due to the company’s strong growth and support from the Bajaj Group. Experts suggest holding or buying on dips for long-term gains.
Why two-wheelers and pharma are poised to lead ahead: Ajay Bagga
So, as the Fed eases, there will be other banks. Already five-six banks have been ahead of the Fed, especially Canada and ECB, Switzerland. So, this easing is a pivotal moment. Second, as far as India goes, look at quarter one GDP, 7.4% growth in private consumption expenditure.
Big movers on D-Street: What investors should do with TCS, Torrent Power and Mphasis
After hitting lows around Rs 3,583 in June 2024, the price experienced a significant upward movement, reaching an all-time high of Rs 4,592, marking a nearly 30% return from its lower level, with buyers dominating the market. A Higher Top Higher Bottom pattern developed during this rally.
ETMarkets Smart Talk: Mutual Funds drive Indian market higher despite global challenges, says CIO of Reliance General Insurance
The market reflects two major factors: sentiment and flows. Sentiment in India has been positive, especially with political uncertainty now behind us. India continues to lead the world in GDP growth.
Fund of fund schemes rake in big money after Budget boost
Ease of investing, automatic asset allocation, and favorable long-term capital gains taxation are attracting investors to fund of fund (FoF) schemes. Data from AMFI shows inflows of ₹1,008 crore in August, reversing previous outflows. FoFs invest in a mix of mutual fund schemes rather than directly in stocks or bonds, Continue Reading
IREDA planning to raise Rs 30,000 crore via debt, equity
Indian Renewable Energy Development Agency (IREDA) plans to raise ₹30,000 crore in FY25 through debt and equity. The company, which listed in November 2023, aims to fund part of this through a follow-on public offer by early next year. IREDA seeks to expand its loan book beyond ₹85,000 crore by Continue Reading