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Grasim Industries, an Aditya Birla Group company, has reported that its rights issue to raise ₹4,000 crore was fully subscribed on Monday. The company has repaid ₹600 crore to investors of its commercial paper which matured on Monday. The rights issue opened for subscription on January 17 and closed on January 29, said Grasim Industries. […]

After a long weekend break, the domestic market is likely to open on a positive note on Monday, thanks to positive global cues. The upcoming interim Budget on February 1 and the ongoing result season will likely anchor market movement this week. Nifty futures at 21,548 at Gift Nifty against Nifty February futures close of […]

India-dedicated funds saw inflows of $3.1 billion in December, taking the total category inflows in CY23 to $16.2 billion, the latest EPFR data compiled by Kotak Institutional Equities showed. The assets of these funds, which had seen outflows of $2.2 billion in CY22, rose 67.5 per cent during the year to $67 billion. December’s flows […]

Foreign Portfolio Investors (FPIs), who started the year with strong buying interest in Indian equities, continued to be net sellers in the Indian equity cash market this week, offloading equities to the tune of ₹12,200 crore (about $1.5 billion) over the last three trading sessions (truncated week).  Also read: Index Outlook: Sensex, Nifty 50: More […]

The short-term outlook turned positive for the stock of Infosys (₹1,669.1). The IT major finds immediate support at ₹1,560 and ₹1,427. The nearest resistance is at ₹1,720. A close above that level will trigger a fresh rally. In that event, the stock can reach ₹1,815. We expect the stock to move with a positive bias. […]

What is the outlook for Petronet LNG for the next two-three months? I am holding the stock and my average purchase price is ₹228. Can I exit at current levels? Ashish Petronet LNG (₹256.60): The outlook is bullish. Petronet LNG share price has been rising since December last year. This uptrend is intact. Moving Average […]

Indian companies wanting to list on the international exchanges at GIFT IFSC may face a number of roadblocks. The norms that were notified on Wednesday allow only the ‘permissible holder’ to invest, trade, or hold equity shares of Indian companies listed on international exchanges. The permissible holder is not a person resident in India. “The […]

EKI Energy Services Ltd’s shares were up by 2.04 per cent after the company entered into a Memorandum of Understanding (MoU) with Jospong Group Of Companies Ltd during the 28th edition of the Conference of Parties (COP 28) in Dubai. The company reported that the collaboration aims to lead in sustainability, net-zero services, climate investments, […]

Tata Metaliks has fixed February 6 as the record date for the proposed merger with Tata Steel. According to the scheme of amalgamation, TML shareholders will be entitled to receive fully paid-up ordinary equity shares of Tata Steel Ltd on face value ₹1 each, in the share exchange ratio of 79:10 (79 shares of Tata […]

The initial public offering of Epack Durable will close today. The IPO was subscribed .3.67 times at the of day 2 of issue opening on Tuesday, thanks mainly to high net worth individuals and retail investors. The ₹640-crore IPO IPO comes with a price band of ₹218-230 and the market lot is 65 shares. Read: […]