The board has set the issue price at Rs 33 per share.

Nifty formed a bull candle, closing higher by 148 points. The market is heading towards 26250. Immediate support is at 25,750. OI data shows highest call and put open interest at 26,000 and 25,800 strike prices, respectively.

The Supreme Court has rejected the plea by telecom companies for re-computation of adjusted gross revenue (AGR), leaving no relief for major players like Vodafone Idea and Bharti Airtel. Vodafone Idea’s ability to complete its debt fundraising is crucial to maintaining its capex programme as well as preventing further subscriber Continue Reading

Casagrand Premier Builder has filed a draft red herring prospectus with SEBI to raise Rs 1,100 crore through an IPO. The funds will be used for debt repayment and general corporate purposes. The IPO includes fresh issues worth Rs 1,000 crore and an offer for sale by promoters worth Rs Continue Reading

Brokerage firms initiated coverage on stocks like Va Tech Wabag and Ideaforge Technology, targeting upsides of up to 50%.

While the growth rate may be good, the advantage that Bajaj Housing has today is that after the merger of HDFC with HDFC Bank, we do not have any large housing dedicated company, says Amnish Aggarwal. However, we believe that the stock will have a long consolidation from the current Continue Reading

The global brokerage firm said that it expects both earnings momentum and importantly cash flow generation to continue. Additionally, it sees Glenmark as more of an India / RoW play as these two contribute >70% of its EBITDA.

This partnership marks a milestone in HFCL’s journey, as it becomes a key contributor to one of the world’s most sophisticated unmanned aerial vehicles (UAVs). The partnership anticipates development of critical sub-systems for GA-ASI’s current and future UAV platforms reflecting India’s growing investment in advanced defence technologies, according to a Continue Reading

Five smallcap mutual funds have turned a monthly SIP of Rs 10,000 into over Rs 1 crore in the last 15 years. Notable performers include SBI Small Cap Fund and DSP Small Cap Fund. However, small cap schemes are risky and suitable only for investors with high risk appetite and Continue Reading

Trump would be inflationary, probably, and so there would be less of interest rate normalisation. The Federal Reserve might not be able to cut interest rates as much. If you look back when he was elected the last time, high yield bonds did very well and stocks did very well Continue Reading