Category: Uncategorized

[ad_1] CJ Darcl Logistics Limited, a diversified logistics company, has filed its draft red herring prospectus with market regulator Securities and Exchange Board of India. The offer comprises a fresh issue of shares worth ₹340 crore and offer for sale up to 54.31 lakh shares by existing shareholders. The OFS comprises of 3.69 lakh shares […]

[ad_1] Benchmark Sensex rose by 320 points while Nifty closed above the 19,600 mark on Friday after value-buying in metal, financial and energy stocks aided by positive trends in the US and European markets. The 30-share BSE Sensex climbed 320.09 points or 0.49 per cent to settle at 65,828.41. During the day, it jumped 643.33 […]

[ad_1] Calendar year 2023 has seen a sharp increase in sell-downs by promoters and PE/VC investors compared to the previous years. Promoters have offloaded almost ₹87,000 crore (~$10 billion) of equities this year, the highest in the past six years and 2.2x that in the previous year, a report by Kotak Institutional Equities observed. Adani […]

[ad_1] DCM Shriram Ltd’s shares were up by 0.5 per cent after the company reported securing a sustainability-linked loan (SLL) of ₹200 crore from HSBC India. This financial move is intended to support the company’s ongoing capital expenditure program in Bharuch, Gujarat Amit Agarwal, Executive Director and Group CFO of DCM Shriram Ltd, said, “This […]

[ad_1] Shares of IFC-backed Signatureglobal will make a debut. The company has fixed the price at ₹385, at the upper end of the price band. The company launched ₹730-crore IPO last week, which contained a fresh of ₹603 crore and offer-for-sales by IFC worth ₹127 crore. The issue was a strong response by subscribing over […]

[ad_1] In the second half of last week, the rupee (INR) appreciated against the dollar (USD). However, after marking a high of 82.83, the Indian currency depreciated and it ended at 83.23 on Tuesday. Therefore, there has not been much change over the past week and on a weekly basis. The rupee has remained flat […]

[ad_1] Target: ₹2,908 CMP: ₹2,415.20 We introduce FY26 estimates and upgrade the stock to ‘Buy’ from Hold as we roll forward to Sep’25E, revised TP of ₹2,908 @ 33x FY26 EPS (₹2,319 earlier). We met management of KEI Industries (KEI) to gauge the demand, competitive scenario and capacity constraints. The company has maintained its healthy […]

[ad_1] Nifty 50 September Futures (19,675) Nifty 50 and Sensex continue to fall. The strong sell-off witnessed last week is spilling over this week as well. Both the indices are down about 0.28 per cent each.  Nifty has room to test 19,600 and even 19,500 in the coming sessions. The price action thereafter will need […]

[ad_1] The International Financial Services Centres Authority (IFSCA) is mulling allowing alternative investment funds (AIFs) to issue offshore derivative instruments (ODIs) or participatory notes from GIFT IFSC, said two people familiar with the matter. P-notes allow overseas investors to take indirect exposure to Indian securities without registering with the country’s market regulator. This year’s Budget […]

[ad_1] Sudhakar Rao Desai, Chief Executive Officer of Emami Agrotech Ltd, has been unanimously re-elected President of the IVPA (Indian Vegetable Oil Producers’ Association) at the 46th annual general meeting of the association. He has previously served as a member of the Organising Committee of Glob Oil, and as a member of the Product Committee […]