Majority of PMS schemes outperform Nifty in October
[ad_1] The majority of the portfolio management services (PMS) schemes outperformed the Nifty50 in October. Nearly 63 per cent, or 205 of the 326 PMS schemes, were able to beat the returns generated by the benchmark, data from PMS Bazaar shows. The 326 schemes collectively delivered average returns of -2 per cent, higher than the […]
FPIs turn buyers; invest ₹1,433 cr in equities in Nov so far
[ad_1] After sustained selling in the last two and a half months, FPIs bought Indian equities worth ₹1,433 crore thus far in November, mainly due to the decline in US treasury bond yields and crude oil prices. Foreign Portfolios Investors (FPIs) were net sellers till November 15. However, they reversed the selling trend by infusing […]
Tata Technologies IPO: Should You Subscribe?
[ad_1] The IPO of Tata Motors’ ER&D subsidiary — Tata Technologies (Tata Tech) — hits the bourses on November 22. The offer size of ₹3,042 crore consists entirely of an offer for sale by promoter (Tata Motors) and a few other investors. Post issue, Tata Motors will continue to own a little over 55 per […]
Analysts see little headroom for SAIL stock
[ad_1] Shares of Steel Authority of India Ltd (SAIL) have been moving in a narrow range this year and remain lacklustre with a flat return of 0.4 per cent year-to-date. On the other hand, Tata Steel and Jindal Steel & Power gave a return of 4.8 per cent and 8.84 per cent. However, on Friday, […]
Religare Can’t be Personal Fiefdom of a Few, says Mohit Burman
[ad_1] Amidst the ongoing takeover tussle for Religare Enterprises Limited (REL), a key member of the Burman Family, Mohit Burman, said that he has confidence in obtaining all requisite regulatory approvals for the open offer even while noting that the ₹235 price offered was a ‘fair’ one and is at a premium to SEBI formula […]
IREDA fixes IPO price band as ₹30-32
[ad_1] State-run Indian Renewable Energy Development Agency (IREDA) said on Thursday that it has fixed a price band of ₹30-32 per share for its initial public offer (IPO), which will open on Tuesday next week. IREDA, a mini-ratna under the Ministry of New and Renewable Energy (MNRE), is a systemically important non-deposit-taking non-banking finance firm […]
Sensex, Nifty set for flat opening despite US strength; Analysts caution on valuation concerns
[ad_1] Domestic markets are expected to open on a flat note on Thursday, indicates Gift Nifty trading. Despite a strong close in the US markets overnight, Asian stocks are mostly down. Gift Nifty at 17650 signals a positive bias at the opening. Analysts expect the market to remain in consolidation mode, given the valuation. They […]
Newgen recognised as ‘Strong Performer’ in Digital Process Automation
[ad_1] Newgen Software Technologies Ltd earned the title of ‘Strong Performer’ in The Forrester Wave: Digital Process Automation Software (DPA), Q4 2023. The independent research, led by Craig Le Clair, assessed Newgen against 15 other providers based on their current offerings, strategies, and market presence. Virender Jeet, CEO of Newgen Software, said, “The company’s content […]
Tata Tech IPO to open on November 22
[ad_1] The Initial Public Offering (IPO) of Tata Technologies Ltd will open for subscription for the public investors on November 22 and close on November 24, 2023. This will be the first Tata Group IPO in nearly two decades. The IPO is an offer for sale of upto 60,850,278 equity shares for cash comprising of […]
First Tata Group IPO in two decades: Tata Technologies sets November 22 for public offering
[ad_1] Tata Technologies’ initial public offering will open for subscription on Nov. 22, its parent Tata Motors said late Monday, in what will be the first Tata Group IPO in nearly two decades. Tata Technologies, which provides engineering and product development digital services, said its IPO would comprise an offer for sale of 60.9 million […]