Page 33 - Indian Markets

Indian stock valuations are somewhat less attractive, says David Jones

India is more fortunate than other EMs, as it is less dependent on imported capital, says Jones

Covid-19 pandemic: Big and organised companies escape unscathed

Analysts say when industry growth bounces back over the next few years, listed players will be better positioned

Chris Wood launches India-dedicated equity portfolio with 16 stocks

The portfolio includes marquee stocks such as ICICI Bank, HDFC, Bajaj Finance, and Reliance Industries

Shares of Jet Airways decline 5% after earnings announcement

The shares hit the lowest trading permissible limit for the day

World stock markets hover near record highs on hopes of recovery

U.S. consumer confidence jumped to its highest level in nearly 1-1/2 years in June, with growing labour market optimism as the economy reopens offsetting concerns about higher inflation.

Strong recovery likely to continue for auto ancillary companies

Good export demand, likely Q2 uptick, low interest rates are positive

India Pesticides initial public offering subscribed 29 times on last day

The initial public offer of India Pesticides Limited was subscribed 29 times on the closing day of the subscription on Friday. The Rs 800-crore IPO received bids for 56,07,11,650 shares against 1,93,10,345 shares on offer, as per NSE data. Qualified Institutional Buyers (QIBs) category was subscribed 42.95 times, non-institutional investors 51.88 times, and those for Retail Individual Investors(RIIs) 11.30 times. The initial public offer (IPO) comprised a fresh issue of Rs 100 crore and an offer for sale of Rs 700 crore. The offer was in a price range of Rs 290-296 per share. On Tuesday, India Pesticides raised Rs 240 crore from anchor investors. Proceeds from the fresh issue would be used towards funding the working capital requirements and general corporate purposes. India Pesticides is an R&D-focused agrochemical technical company, which has growing formulations business in herbicides, insecticides, and fungicide segments. It also manufactures active pharmaceutical ...

Markets regulator Sebi plans to come out with framework for SPACs

The regulator is expected to put in place guidelines in this regard next week

How soon can India get to $5 trn mcap? Between 2025-2031, says Elara

Elara says listings of new-age tech companies could be a big driver.

Shyam Metal, Sona BLW surprise the street, soar over 20% on trading debut

Market was expecting Sona to list at a muted premium and hoped Shyam Metalics would gain more than 30% on listing

IPO-bound Veeda Clinical Research raises $16 mln in round led by Sabre PE

The round also saw participation from high net individuals like Pranab Mody of JB Chemicals, Havells India family office, Nikhil Vora of Sixth Sense Ventures, and Arjun Bhartia of Jubilant

Sensex's slowest 1,000-point march in recent times as it crawls to 53,000

The latest 1,000-point up move has been the slowest in the previous 10

Sebi issues framework for supervisory body for investment advisors

Markets regulator Sebi on Friday came out with a framework for investment adviser administration and supervisory body. Under the investment adviser rules, Sebi may recognise any body or body corporate for the purpose of regulating investment advisers (IA) and delegate administration and supervision of the IAs on terms and conditions specified by it. Accordingly, an entity granted recognition under the the IA rules will be designated as 'Investment Adviser Administration and Supervisory Body (IAASB)' and will be entrusted with the administration and supervision of IAs. In this regard, BSE Administration & Supervision Limited (BASL), a wholly owned subsidiary of BSE Limited, has been granted recognition as IAASB for a period of three years from June 1, 2021. With regard to responsibilities of IAASB, Sebi said the body is required to supervise IAs, including both onsite and offsite, redress grievance of clients and IAs, take administrative action including issuing warning and ...

Explained: Mystery behind near Rs 2-trn slump in Adani Group shares

The decline saw the firms' cumulative market capitalisation decline by over a sixth.

India Pesticides' Rs 800-cr initial public offering to open on Jun 23

Agrochemical company India Pesticides on Friday said it has fixed a price band of Rs 290-296 a share for its Rs 800-crore initial share sale. The three-day initial public offer (IPO) will open on June 23 and conclude on June 25. The bidding for anchor investors will open on June 22, according to the company. The Rs 800-crore IPO comprises fresh issuance of equity shares amounting to Rs 100 crore and an offer of sale for equity shares aggregating up to Rs 281.4 crore by promoter Anand Swarup Agarwal and up to Rs 418.6 crore by other selling shareholders. The Uttar Pradesh-based company may decide to undertake a pre-IPO placement of Rs 75 crore subject to consultation of the merchant bankers. Proceeds of the fresh issue would be used towards funding the working capital requirements and general corporate purposes. India Pesticides is an R&D focused agrochemical technical company, which has growing formulations business in herbicides, insecticides and fungicide segments. It also ...

All you wanted to know about Chris Wood's investing strategies

Investors should stick with the pro-cyclical commodity trade, particularly energy, Wood said

Dodla Dairy IPO subscribed 1.40 times on first day of subscription

Dodla Dairy, a leading dairy company in southern India, on Tuesday said it has raised a little over Rs 156 crore from anchor investors.

Inflow in Gold ETFs drops 57% in May amid strength in equities

Net inflow was at Rs 288 crore

Navoday Enterprises' initial public offering to open on 14 June

The company will make a fresh issue of equity shares.

Sensex touches lifetime intra-day high; BSE cos' valuation at record level

This comes amid increased buying in index heavyweights and supportive global trends.