Page 4 - Stock

Sansera Engineering IPO fully subscribed, issue closes on Thursday

Issue priced at Rs 734-744 a share, is entirely an offer for sale worth Rs 1,283 crore

Senior Democrats float 2% US tax on stock buybacks to fund $3.5-trn budget

The plan comes as Democratic lawmakers assemble a raft of tax measures to help pay for a $3.5 trillion budget bill that contains bulk of President Joe Biden's longer-term economic agenda

SoftBank soars 10% after stock swap deal with Deutsche Telekom

The Japanese investment giant announced a complicated deal under which it will swap T-Mobile shares for an initial 225 million shares of Deutsche Telekom

Unsold stock piles up at two-wheeler sales channels amid weak demand

As a result, unsold inventory at the sales channels across Hero MotoCorp, Honda Motorcycle and Scooter India, TVS Motor and Bajaj Auto have risen from the average 40-45 up to 75 days.

Pfizer to acquire cancer drugmaker Trillium Therapeutics for $2.3 bn

Pfizer will pay $18.50 a share for Cambridge, Massachusetts-based Trillium, the companies said Monday in a statement.

Godrej Consumer: Sustaining sector-leading growth key for further gains

Margin expansion and international business growth are the other triggers

Barbeque Nation net loss narrows to Rs 43.85 cr in June quarter

The company had posted a Rs 60.45 crore loss in the corresponding period a year ago and its revenue from operations stood at Rs 101.97 crore.

LIC Housing Fin Q1 net nosedives 81% to Rs 153 cr on spike in impairment

Total income declined to Rs 4,859.04 crore from Rs 4,977.5 crore a year ago. Sequentially also income fell marginally from Rs 4,964.3 crore in Q4FY21

Tatva Chintan zooms 113% to Rs 2,310 in highest listing gain this year

Issue price was Rs 903 per share, IPO had garnered 180x subscription

Axis Bank Q1 net up 94% YoY at Rs 2,160 cr on sharp dip in provisions

Non-interest income up 39% to Rs 3,588 cr, with fee income growing at 62% to Rs 2,668 cr

HDFC Bank's weak Q1 performance may keep Bank Nifty under pressure

The private bank bellwether reported its lowest NII growth in a decade

L&T Finance Holdings consolidated Q1 net up 20% to Rs 178 cr

Margins & fees improve; NPAs up YoY and sequentially

Margin pressures, valuations could restrict Mindtree's upside

The Street, however, is bullish on revenue growth prospects this year for Mindtree as well as for the midcap IT space

Export rebound, defence to sustain growth trajectory for Bharat Forge

Margins and cash flows to remain at elevated levels on operating leverage, minimal capex

AMC rides stock roller-coaster after $587-mn share sale to cut debt load

The stock traded at $48.51 as of 4:02 a.m. in New York premarket trading, down 5.5% from its last close.

Strong order book, improving cash flows positive for Motherson Sumi

Further margin gains could be a key trigger for the stock

Jeff Bezos sells $2.5 billion of Amazon and signals more coming

Jeff Bezos, the world's richest person, continues to hold more than 10% of Amazon.com.

DLF: Investors should await total biz recovery before considering stock

With the Cyber Park project rents commencing, expect the growth on the rental front to remain steady

UPL stock tanks after auditor of Mauritius subsidiary steps down

The communication on Thursday said that the auditor of the UPL Corporation (UPL's Mauritius subsidiary), KPMG Mauritius, had resigned with effect from October 8, 2020

BS READS: Why is illiquid Elcid Investments stock so valuable off-market?

Elcid's stock has changed hands only 31 times on the bourses in 9 years and trades at Rs 11.03, but few want to sell, as they assume its intrinsic value in lakhs. Jyotindra Dubey explains why