Refex Industries’ share price hits upper circuit on good FY23 results
[ad_1] The share price of Refex Industries rose on the NSE by ₹71.10, hitting the 20 per cent upper circuit, and closed at an all-time-high of ₹426.64 per share of ₹10. As many as 7.14 lakh shares were traded today, for ₹30.37 crore. This came on the heels of the company reporting, on Thursday, an […]
IPO screener: Nexus Select Trust listing today
[ad_1] Units of Blackstone-sponsored Nexus Select Trust will be listed on the exchanges today. The issue, which was subscribed 5.74 times, came out with a price band of ₹95-100 and the company has fixed the issue price at the upper end. The REIT raised ₹3,2000 crore. The public issue comprised a fresh issuance of shares aggregating […]
Broker’s call: Bharti Airtel (Buy)
[ad_1] Target: ₹935 CMP: ₹799.70 Rural expansion and 5G deployment underway Airtel is in the process of strengthening its network with rural expansion and the rollout of 5G services. In 4QFY23, Airtel had the highest quarterly tower additions in its history. This led to double-digit 4G and post-paid subscriber growth y-y and lower churn. However, […]
Orchid Pharma promoters’ shares frozen for non-compliance with SEBI norms
[ad_1] Orchid Pharma on Wednesday said stock exchanges have started freezing the shares of its promoters for the company’s failure to comply with market regulator SEBI’s minimum public shareholding norms within the stipulated time period. Under SEBI norms, listed companies are required to have a Minimum Public Shareholding (MPS) of 25 per cent and stock […]
Weak US, China economic data impact crude oil prices
[ad_1] Crude oil traded marginally higher on Wednesday morning following weak economic data from the US and China and an unexpected increase in crude oil inventories in the US. At 9.54 am on Wednesday, July Brent oil futures were at $75.02, up by 0.15 per cent, and June crude oil futures on WTI were at […]
SEBI to expand list of QIB entities in debt market
[ad_1] Market regulator SEBI has proposed to include 10 different categories of entities including multi-State co-operatives with ₹500-crore networth, NBFCs, housing finance companies, pension funds, small finance banks, reinsurers and refinancing agencies such as MUDRA under the definition of qualified institutional investors for investment in debt securities and further develop the debt market. The […]
NSE net profit rises 31% to ₹2,067 crore in March quarter
[ad_1] The National Stock Exchange (NSE) on Monday reported a 31 per cent rise in consolidated net profit at ₹2,067 crore for the three months ended March this year. In comparison, the exchange had posted a net profit of ₹1,580 crore in the year-ago period, NSE said in a statement. The consolidated income from operations […]
SEBI cautions on premature conclusion of Adani probe
[ad_1] Securities and Exchange Board of India (SEBI) told the Supreme Court on Monday that any incorrect or premature conclusion of its investigation into the Adani group’s possible lapses of regulatory disclosures will be legally untenable and not serve justice. SEBI on April 29 had sought six months to complete its probe, rather than the […]
FPIs invest ₹23,152-crore in Indian equities in May so far
[ad_1] Foreign portfolio investors’ (FPIs) net investments in Indian equities have touched a six-month high in May so far, with analysts saying the momentum is expected to continue on the back of increased favour for Indian securities. After net selling Indian equities for the first two months of 2023, FPIs net invested ₹23,152 crore in […]
Adani Enterprises, Adani Transmission to raise up to ₹21,000 crore
[ad_1] Adani Enterprises, which had to cancel its ₹20,000-crore follow-on public offer in February following minimal retail participation, is now again back to raise up to ₹12,500 crore through a private placement of shares. Another group company Adani Transmission will also be raising up to ₹8,500 crore through a similar mode, for a combined amount […]