Markets

Rossari Biotech’s Rs 500 crore IPO opens today: Price band, lot size, and what do analysts say

After a long pause, the initial public offering (IPO) market is set to witness some action this week with Rossari Biotech launching its IPO today.

U.S. IPOs, U.S. capital markets, Chinese companies, U.S. listings, initial public offerings, startup,

Prism Johnson rating ‘add’ – sale of subsidiary to help the balance sheet

Cement business showed better results in Q1; -18/9% change in FY21/22e Ebitda; TP up to Rs 52; ‘Add’ retained.

Besides, PRSMJ disclosed operational performance during Q1FY21e which shows better performance by cement, while TBK/RMC still remains impacted.

Nifty declines 2.2% dragged by falling banking stocks over fraud label on DHFL

On Friday, the banking stocks put up a weak performance after being the best performers for the first four trading sessions of the week.

The banking stocks have largely been underperformers in the pull-back rally that equity markets have witnessed after hitting their rock bottom on March 23.

Analyst Corner: Edelweiss maintains ‘buy’ rating on TCS with target price of Rs 2,310

This, we believe, will trigger structural jump in demand going forward. We maintain a ‘buy’ rating with a target price of Rs 2,310.

All industry and geography segments plunged, barring healthcare and Europe, respectively.

FPIs continue to remain net sellers of Indian debt

Except February, all other months in the first half of calendar year 2020 have witnessed net FPI outflows from the debt market.

Despite the continuous FPI selling, a barrage of measures from the RBI has helped keep the yields down with the benchmark 10-year yield remaining below the 6%-mark.

Equity inflows hit: Mutual funds see more pain in coming months

With markets having jumped a sharp 41% from their March lows, mutual fund investors have rushed to redeem their investments in equity mutual funds while new SIP account additions moderated.

SIP account additions, too, have fallen, even though they remained in positive territory compared to number of SIPs discontinued.

Zomato FY20 revenue jumps over two-fold to Rs 2,960 crore

The Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) loss in the last financial year stood at around Rs 2,200 crore, Zomato said in its performance report.

Ircon International’s consolidated net profit rises 16 per cent to Rs 115 crore in March quarter

The company had clocked a consolidated net profit of Rs 99.71 crore in the corresponding period a year ago, it said in a regulatory filing to the BSE.

Ircon, Ircon profit

India’s fuel demand continues to recover in June, up 11 per cent over May

Diesel consumption stood at 6.3 million tonnes in June, 14.5 per cent higher than May, but 15.4 per cent lower than the demand witnessed in June 2019.

Demand for diesel in June was almost double of 3.25 million tonnes consumption in April.

Sensex, Nifty end the week in red; top factors that steered the stock market today

Domestic benchmark indices ended the last trading session of the week down in the red following weak global cues. S&P BSE Sensex slipped 143 points or 0.39%, while the Nifty 50 ended at 10,768 mark.

RIL share price hits new 52-week high second time in a week; rallies 117% since March; time to buy?

Reliance Industries continues to power ahead, striking deal after deal, to trade at lifetime highs. It has been a dream run both for Reliance and its shareholders

RIL becomes first domestic firm to cross Rs 11.5 lakh cr m-cap mark, Reliance industries

Yes Bank FPO floor price set at Rs 12 per share; minimum bid lot 1,000 shares; check details

Struggling private sector lender Yes Bank, looking to raise up to Rs 15,000 crore through a follow-on public offer (FPO), said that it has set a floor price of Rs 12 per share for the FPO.

Financial institutions that had picked up stakes in Yes Bank in March to prevent the Yes Bank from collapsing and, thereby, causing a systemic crisis, are unlikely to bring in more capital in the next round of capital-raising.

Nifty Auto index zooms 60% since March, delayed recovery may halt rally; these stocks set to gain

India remains a growth market for auto sector over the medium term on low penetration and increasing aspiration levels.

NSE to accept gold bars produced by Indian refiners for settlement of gold futures contract

"The NSE Refiner Standards for BIS ? Standard Gold would enable the acceptance of gold bars produced by the domestic refiners in India, for settlement of the gold futures contracts traded on the NSE p

NSE, BIS Standard Gold, LBMA, NSE Refiner Standards, NSE platform, market news

Investors take Rs 44,000 cr away from liquid funds; stamp duty rule change may force trend to continue

Liquid fund investors were seen taking money away in the month of June as corporations geared up to deal with working capital requirements at the end of the first quarter of this fiscal year.

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Britannia Industries share price at 52-week high, rallies 78% since March; analysts see strong growth in Q1

Britannia Industries shares were trading in the positive territory with a growth of 1.38 per cent at Rs 3,725.70 apiece, as compared to a 0.58 per cent decline in the benchmark S&P BSE Sensex

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Sensex, Nifty extend opening loses to dive down further; here’s what is moving Dalal Street today

Domestic benchmark indices opened in the red aided by weak global cues. S&P BSE Sensex dropped 124 points on the opening bell while the Nifty 50 was seen giving up the 10,800 mark.

Share Market Today, Share Market Live

PNB shares tank over 6%, as India’s second-largest public lender reports yet another loan fraud

Punjab National Bank (PNB) share price tanked 6.7% on Friday morning after the public sector lender informed that it is reporting another loan fraud to the Reserve Bank of India.

TCS share price volatile after weak Q1 results; soars 50% since March; should you buy or sell the stock?

Around 9.45 AM, TCS shares were trading flat with a positive at Rs 2,205.85 apiece, after touching day's high of Rs 2,222. TCS stock price has rallied nearly 48 per cent since March low of Rs 1,504.4

Stocks in focus: RIL, TCS, Tata Motors, Coal India, IRCTC, Punjab National Bank, DHFL, SAIL

The market would react to TCS results in early trade. The near term momentum seems positive, however, we would suggest traders should be stock specific

Analyst Corner: Maintain ‘buy’ on Escorts; revised FV at Rs 1,300

Tractor upcycle to continue in FY2022 as well. We expect the farm equipment segment to remain robust in the near term driven by a normal monsoon (high correlation of monsoons with tractor sales), stro

Analyst Corner,Escorts, EBIT, NBFCs, kharif crops, domestic tractor demand, MSPs

Analyst Corner: Retain ‘hold’ on NBCC; revised target price Rs 27

NBCC posted weak set of numbers in Q4FY20 (partly due to covid-19) with top line falling 17% YoY to Rs 26 bn; while EBITDA margin plunged 300bps YoY to 2%, PAT declined 42% YoY.

Analyst Corner, NBCC, EBITDA, realty monetisation, NBCC revenue growth

PNB joins long list of lenders raising capital; plans to raise Rs 10,000 cr via share sale, bonds

The bank took a decision to raise capital after the board meeting held on the combined balance sheet of the amalgamated bank.

He noted that MSME, agriculture, agro-based industries, healthcare, among others, present ample opportunities for growth and lending.

Sensex, Nifty stare at weak opening on Friday; here’s what you need to know before the opening bell

SGX Nifty points at the weak start for Sensex and Nifty on Friday. The Nifty futures were trading 55 points or 0.51 per cent down at 10,788 on Singaporean Exchange

Share Market Highlights: Sensex jumps from day’s low but still ends in red, Nifty above 10,760; RIL shares jump 3%

Share Market News Today | Sensex, Nifty, Share Prices Highlights: Reliance shares jumped over 3% in the dying hours. HUL followed closely behind gaining 2.4% and Sun Pharma was seen surging 2%

Share Market Today, Share Market Live

Maharashtra maize crop infested by FAW, Pune worst-hit

Since the monsoon has begun on time this season, ideal conditions have been created for the host to flourish and multiply, according to entomologist Anuksh Chormule.

Officials from the Maharashtra agriculture department confirmed that FAW infestation has been reported in the maize crop across the cereal grain growing regions in the state.

Equity markets post smart gains; Sensex rises 408 points, Nifty up by 107.7 points

According to provisional data on the exchanges on Wednesday, FPIs sold stocks worth $132.64 million whereas domestic institutional investors sold stocks worth $112.2 million.

The Sensex was up by 408.68 points or 1.12% to close at 36,737.69.
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