Page 30 - Markets

IFFCO to soon launch nano DAP at Rs 600/bottle of 500 ml; sees huge savings

After introducing nano liquid urea, cooperative IFFCO aims to launch nano DAP fertiliser in the market soon at Rs 600 per 500 ml bottle -- a move that will help India save foreign exchange and also reduce government subsidy significantly. IFFCO is also planning to launch nano-potash, nano-zinc and nano-copper fertilisers, its Managing Director U S Awasthi said while addressing an agriculture conference organised by digital media platform Rural Voice. In June 2021, cooperative IFFCO launched nano urea in liquid form as an alternative to conventional urea. It has also set up manufacturing plants to produce nano urea. Awasthi said IFFCO has produced 5 crore bottles of nano urea so far, out of which 4.85 crore bottles have already been sold. He highlighted that the price of nano urea is less than conventional urea and it is also more effective and convenient. There is no government subsidy on nano urea and it is being sold at Rs 240 per bottle. For conventional urea, the government ...

Abans Holdings makes disappointing debut; tanks 19% below its issue price

The stock fell to a low of Rs 218.65 on the BSE, down 19% when compared with its issue price of Rs 270 per share.

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

71% IPOs of 2022 at premium; will retail investor euphoria sustain in 2023?

Adani Wilmar, Venus Pipes & Tubes, Hariom Pipe Industries and Veranda Learning Solutions are the top multi-bagger debutants that delivered 109-135 per cent returns in 2022

Will higher urea subsidy hope boost fertiliser stocks?

The fall in global fertiliser and natural gas prices are likely to bring respite to fertiliser companies. But Russian export duty on fertiliser may have a trickle-down impact on the Indian industry

Nifty PSU Bank index tumbles over 5%; IOB, UCO, Central Bank tank 10%

With today's fall, the Nifty PSU Bank index has corrected 15 per cent from its 52-week high level of 4,617.40 touched on December 15

Ingersoll-Rand surges 5% in weak market on Rs 170-crore capex plan

New plant will not only help secure space for immediate expansion plans but will also fuel future growth prospects, the company said

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

Stocks to Watch: Aban Holdings, Landmark Cars, RIL, Lupin, Gail, JK Cement

Stocks to Watch Aban Holdings and Landmak Cars will be debuting on the stock exchanges on Friday. Both these stocks are likely to witness a tepid start to trade.

Elin Electronics IPO subscribed by 3.09 times on last day of offer

The Initial Public Offer (IPO) of electronics manufacturing services company Elin Electronics was subscribed 3.09 times on the last day of subscription on Thursday. The initial share-sale received bids for 4,39,67,400 shares against 1,42,09,386 shares on offer, as per data available with the NSE. The category meant for Qualified Institutional Buyers (QIBs) was subscribed 4.51 times, non-institutional investors received 3.29 times subscription and Retail Individual Investors (RIIs) 2.20 times. The IPO had a fresh issue of up to Rs 175 crore and an offer for sale of up to Rs 300 crore, aggregating up to Rs 475 crore. Price range for the offer was at Rs 234-247 a share. The IPO of Elin Electronics was subscribed 95 per cent on the second day of subscription on Wednesday. Delhi-based Elin is a manufacturer of end-to-end product solutions for major brands of lighting, fans, and small kitchen appliances, and a leading fractional horsepower motors manufacturer in the country. Axis Capi

TMS Ep330: SEBI on buybacks, BFSI Insight Summit, dairy stocks, Matter

Will Sebi's latest decisions enhance value for shareholders? Why is the RBI Guv worried about cryptocurrencies? Will the dairy sector see margin relief in FY23? What is Matter? All answers here

Jyothy Labs rallies 9%, hits 4-year high in weak market

Notwithstanding the lockdowns due to the second wave of Covid-19 pandemic, the FMCG sector grew by 36.9 per cent in the April-June quarter of 2021.

Stocks to Watch: Sula Vineyards, RIL, Spandana, Speciality Restaurants

Stocks to Watch Today: Shares of Sula Vineyards likely to list on a tepid note on Thursday.

Global stock markets advance but face highest monthly losses since 2008

The MSCI All-World index rose about 1.1% on the day, although it is on track for a more than 3% decline in December

Elin Electronics IPO subscribed 95% on Day 2 of offer

The Initial Public Offer (IPO) of electronics manufacturing services company Elin Electronics was subscribed 95 per cent on the second day of subscription on Wednesday. The IPO received bids for 1,34,54,580 shares against 1,42,09,386 shares on offer, as per NSE data. The category meant for non-institutional investors was subscribed 1.29 times, Retail Individual Investors (RIIs) received 1.33 times subscription and Qualified Institutional Buyers (QIBs) portion 1 per cent. The IPO has a fresh issue of up to Rs 175 crore and an offer for sale of up to Rs 300 crore, aggregating up to Rs 475 crore. The initial share-sale of Elin Electronics received 37 per cent subscription on the first day of offer on Tuesday. Price range for the offer is at Rs 234-247 a share. Delhi-based Elin is a manufacturer of end-to-end product solutions for major brands of lighting, fans, and small kitchen appliances, and a leading fractional horsepower motors manufacturer in the country. Axis Capital and JM

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

Markets wilt for second day as fresh Covid worries spook investors

The Sensex slumped 635 points while the Nifty finished below the 18,200-mark on Wednesday as surging COVID cases in China and concerns over renewed outbreaks in other countries sapped risk appetite. Three cases of Omicron subvariant BF.7, apparently the strain driving China's current surge of Covid cases, have been detected in India so far, official sources said. Different sets of data modelling indicate that China could be facing a massive death toll after it lifted its stringent zero-COVID policy. Union Health Minister Mansukh Mandaviya on Wednesday reviewed the COVID-19 situation in the country and directed officials to be alert and strengthen surveillance. Declining for the second straight day, the 30-share BSE benchmark Sensex tumbled 635.05 points or 1.03 per cent to settle at 61,067.24. The broader NSE Nifty declined 186.20 points or 1.01 per cent to end at 18,199.10. IndusInd Bank was the biggest laggard in the Sensex pack, shedding 2.28 per cent, followed by Maruti Suzuki,

Finolex Industries hits over 10-month high; surges 8% on heavy volumes

The biggest drivers of growth in the Indian piping industry are the rising demand for the irrigation, water supply and sanitation sectors

Stocks to Watch: IRFC, Airtel, Jubilant Food, Delhivery, CBI, KP Energy

Stocks to Watch Today: Dabur India promoters, the Burman family, sold 1 per cent stake in the company through a block deal on Tuesday.

Jefferies rejigs India model portfolio; Zomato, Bharti Airtel off menu

The change in stance with respect to Zomato is a complete reversal from nearly a month ago (November 13), when the stock was a high-conviction 'buy' for Jefferies with a price target of Rs 100