Investors can place a bid of a minimum of 60 equity shares and in multiples thereafter. Also, the issue is open for subscription till Wednesday, November 30. The anchor book will open for a day on November 25.

In the NSE list of stocks, five stocks with a market cap of over Rs 100 crore are witnessing Golden Crossovers, according to stockedge.com’s technical scan data. Golden Cross is an important technical indicator of bullishness. It occurs when the short-term moving average crosses over the major long-term moving average Continue Reading

Macquarie maintained its outperform rating on Siemens with a target price of Rs 3,020 even though margins and order inflow disappointed were below expectation. However, the execution was in-line and the company recorded a strong margin performance in Smart infrastructure, the brokerage said. Energy and Mobility margins were below 10% Continue Reading

In the NSE list of stocks with a market cap of over Rs 500 crore, five stocks crossed their previous 5-year high value at the close on November 22, suggesting bullishness in counters.

BofA Securities has a positive outlook on SBI India with a neutral rating and a target price of Rs 680 per share and it expects Bank of Baroda to lead the rest of the PSU bank pack. It has a buy tag on the lender with a target of Rs Continue Reading

According to the new business statement for October published by the Insurance Regulatory and Development Authority of India (IRDAI), Bajaj Allianz is the fifth-largest private life insurer in terms of total market share, behind SBI Life, Max Life, HDFC Life and ICICI Prudential Life.

RIL was the highest bidder in the first round of resolution plan submissions, while Adani Power took top spot in the second round, the people said. The PFC-REC combine was third in both rounds.

SWF and global central banks accounted for 6.4% and 2.7% of the total FPI holding. The assets under management (AUM) of the government owned funds rose by 33% annually in the past two years to Rs 7.7 lakh crore, while the total FPI equity AUM grew by 25%.

The Indian capital markets regulator has made it unambiguously clear that funds have to close and liquidate within the specified period even if a predominant number of investors who have contributed to a fund pool give their consent to extend the tenure of the fund.

Initiates discussions with institutional and retail investors after appointing 2 banks, more to follow, capital to fund growth, increase public float