Page 17 - Latest Updates on Stock Market
Elon Musk warns against margin debt on risk of market 'mass panic'
I would really advise people not to have margin debt in a volatile stock market, Musk said
 "Elon Musk warns against margin debt on risk of market 'mass panic'")
Stock of this PSU pharma company has zoomed 61% in 3 days on heavy volumes
The stock was locked in the 20% upper circuit; around 1.4 million shares, representing 3.2 per cent of total equity of the pharmaceutical company, changed hands on bourses
 "Stock of this PSU pharma company has zoomed 61% in 3 days on heavy volumes")
Landmarks Cars makes weak debut; stock lists 7% below issue price
Post listing, the stock extended decline and slipped 12 per cent below its issue price to Rs 446.45
 "Landmarks Cars makes weak debut; stock lists 7% below issue price")
Covid fears, profit booking pulls indices; Sensex down 635 points
Foreign Portfolio Investors (FPIs) were net buyers to the tune of Rs 1,119 crore, according to provisional data from exchanges
 "Covid fears, profit booking pulls indices; Sensex down 635 points")
Ease in margins seen from Q4 for dairy cos; stay stock selective: Analysts
Dairy stocks: Analysts see the benefits of price hikes to begin accruing from the March quarter onwards, while the financial year 2023-24 (FY24) will be a steady year for the industry's margins
 "Ease in margins seen from Q4 for dairy cos; stay stock selective: Analysts")
Sebi to issue consultation paper for secondary market ASBA by March
Market regulator also working on new discussion paper for ESG rating providers
 "Sebi to issue consultation paper for secondary market ASBA by March")
NFO collections shrink in 2022 as new equity fund launches dry up
Fund houses came out with more schemes in 2022 than in 2021 but only a few caught the investors' fancy
 "NFO collections shrink in 2022 as new equity fund launches dry up")
Accenture's retained FY23 guidance hints slowdown for IT firms: Analysts
For FY23, Accenture has maintained its 8-11 per cent growth guidance. This is reportedly the first time since FY17 that the company has not upgraded its full-year guidance after the first quarter
 "Accenture's retained FY23 guidance hints slowdown for IT firms: Analysts")
IRCTC stock is still richly valued despite fall since news of OFS
While business prospects remain unchanged, one-year average target price of analysts is Rs 600
 "IRCTC stock is still richly valued despite fall since news of OFS")
Indegene files draft papers with Sebi; eyes Rs 3,200 crore via IPO
The IPO comprises a fresh issue of equity shares worth up to Rs 950 crore and an Offer For Sale (OFS) of up to 3.63 crore equity shares by existing investors, according to the DRHP
 "Indegene files draft papers with Sebi; eyes Rs 3,200 crore via IPO")
Abans Holdings, Landmark Cars IPOs get lukewarm response from investors
Abans' IPO consisted of Rs 103 crore fresh fund raise and Landmark Cars' IPO consisted of Rs 150 crore fresh fund raise
 "Abans Holdings, Landmark Cars IPOs get lukewarm response from investors")
IRCTC offer for sale oversubscribed, but stock declines more than 6%
Investors fear supply overhang; Centre has now reduced stake in firm by 25% in 3 years
 "IRCTC offer for sale oversubscribed, but stock declines more than 6%")
Indices settle higher on positive US inflation data, Sensex gains 145 pts
The broader NSE Nifty advanced 52.30 points or 0.28 per cent to end at 18,660.30
 "Indices settle higher on positive US inflation data, Sensex gains 145 pts")
Fusion hits highest level since debut; soars 29% from listing day low
On December 9, rating agency ICRA upgraded its credit rating on the company to A/Stable from 'A- / Stable'
 "Fusion hits highest level since debut; soars 29% from listing day low")
Sula Vineyards IPO subscribed 59%, Landmark Cars bought 17%, and more
Shares of automobile dealership chain Landmark Cars received 17 per cent subscription on the first day of offer on Tuesday
Macrotech Developers below QIP price after 7% fall today; down 25% in 1 yr
Macrotech Developers' promoters have raised Rs 3,547 crore by selling shares around 7.2% of the company's equity share capital to institutional investors at the offer price of Rs 1,026 per share
 "Macrotech Developers below QIP price after 7% fall today; down 25% in 1 yr")
Gravita surges 36% in 6 days as arm starts aluminium recycling unit in Togo
The company said it is expecting additional revenue of nearly Rs 60 crore per annum with gross margins of about 26 per cent from the new capacity
 "Gravita surges 36% in 6 days as arm starts aluminium recycling unit in Togo")
YES Bank up 19% in 2 days on RBI nod to proceed with Carlyle, Verventa deal
On Friday, the Reserve Bank of India (RBI) issued two letters to YES Bank as the final go-ahead for its proposed capital raise plan from the Carlyle Group and Verventa Holdings
 "YES Bank up 19% in 2 days on RBI nod to proceed with Carlyle, Verventa deal")
Sula Vineyards: Should you subscribe to India's largest wine seller's IPO?
Sula Vineyards' revenue contribution from its own brands in the wine business rose from 63.6% in FY20 to 84% in FY22 as imports sharply came down from 31% to 7.9% during this period
 "Sula Vineyards: Should you subscribe to India's largest wine seller's IPO?")
Here's why Sensex slumped nearly 700 pts in Friday's intra-day trade
Analysts say the correction is nothing to be worried about as it is typical of markets to consolidate after reaching new record highs
 "Here's why Sensex slumped nearly 700 pts in Friday's intra-day trade")
