Honasa Consumer shares tank 7%
Shares of Mamaearth’s parent Honasa Consumer fell 7 per cent on Thursday to ₹299.9 on the NSE after a flat listing on Tuesday. The shares are now well below the IPO offer price of ₹324 apiece. Allaying concerns The company’s IPO had sailed through despite criticism from some market pundits and concerns on rich valuations. […]
Crude oil gains despite deflationary data from China
Crude oil futures traded higher on Thursday morning despite deflationary figures from China, a major consumer of crude oil in the global market. However, China’s central bank governor has expressed confidence that his country will achieve its annual growth target of 5 per cent for this year. At 9.53 am on Thursday, January Brent oil […]
Protean eGov Technologies IPO subscribed 24x
The IPO of Protean eGov Technologies (formerly NSDL e-Governance Infrastructure) witnessed a good response from all category of investors. The issue, which came out with a price band of ₹752-792, was subscribed 23.9 times. As against 43.78 lakh shares on offer in the IPO window, it received bids worth 10.45 crore shares. The total offer […]
Market recovers on late-hour buying; Sensex, Nifty end in red
After opening the day in negative note, domestic markets staged a strong recovery in the closing hours. However, benchmarks BSE Sensex and NSE Nifty ended marginally lower on Tuesday, due to subdued performance of global markets and FII outflows. Analysts said the broader market witnessed buying interest at lower level on Q2 earnings and positive […]
D B Realty sells stake in Real Gem BuildTech project for Rs 231.42 crore, shares up
D B Realty Ltd’s shares were up by 4.94 per cent after the company divested its entire 100 per cent stake in Real Gem BuildTech Pvt Ltd (RGBPL) for approximately Rs 231.42 crore. The transaction was executed through a share purchase agreement on November 6, 2023, with Kingmaker Developers Pvt Ltd (KDPL), a company affiliated […]
Cello World ends 22% higher on first day of trading
Shares of Cello World on Monday made a strong listing at the bourses by gaining 28 per cent. As against the issue price of ₹648, shares of Cello World, that has a strong presence in the consumer houseware, writing instruments and stationery, closed at ₹791.90 on the BSE and at ₹791.70 on the NSE, making […]
Stock Market Live Updates: Asia stocks gain on bullish tailwind from US rally
06 November 2023 (Today) Derivative Segment • Bharat Forge Limited • Divi’S Laboratories Limited • Exide Industries Limited • Hindustan Petro Corp Limited • Ujjivan Financial Services Ltd Cash Segment • Adani Energy Solutions Ltd • AIA Engineering Ltd. • Bikaji Foods International Ltd. • Borosil Renewables Ltd. • Dalmia Bharat Sugar Ltd. • Emami […]
REITs, InvITs collect ₹18,658 crore in Apr-Sep on robust infra demand
Strong demand for infrastructure investment, attractive returns, and favourable government policies have pushed fund mobilisation through listed REITs and InvITs to ₹18,658 crore in the April-September period of the current fiscal. This came following a fund collection of ₹2,596 crore through listed Infrastructure Investment Trusts (InvITs) in the entire 2022-23, although the amount mopped up […]
Protean eGov Technologies IPO opens on Monday: Should You Subscribe?
The IPO of Protean eGov Technologies (Protean) is open during November 6-8. The ₹489-crore issue is entirely an offer for sale by existing investors. The company is diversely held with no promoter group. Largest shareholder is NSE investments with a 24.77 per cent stake, while financial institutions such as SBI, HDFC Bank, Axis Bank, Bank […]
Better Q2 show drives Tata Motors stock
Shares of Tata Motors climbed nearly 5 per cent on Friday, after analysts reiterated their bullish stance after the company’s ‘strong’ Q2 financial performance. The auto major reported a consolidated net profit of ₹3,783 crore for the September quarter, driven mainly by the robust performance of its British arm Jaguar Land Rover, as against loss […]