Markets

Glenmark Life Sciences files IPO papers with SEBI; plans to sell over 73 lakh shares via OFS

Glenmark Life Sciences Ltd, a subsidiary of Glenmark Pharmaceuticals Ltd, filed a Draft Red Herring Prospectus (DRHP) with the capital markets regulator SEBI for its IPO

Glenmark Life Sciences, IPO, Glenmark Pharna

Lodha Developers’ Macrotech IPO listing day strategy: Weak subscription disappoints; sell or hold shares?

Macrotech Developers Ltd’s, erstwhile Lodha Developers, on Friday informed that it will list its equity shares on stock exchanges on Monday, April 19, 2021.

Macrotech Developers, Lodha Developers, IPO, Macrotech listing day strategy

Petrol, diesel price today 17 April 2021: Fuel cost steady for 2nd day; check rates in Mumbai, Delhi, UP, Pune

Petrol and Diesel Price Today in India: Petrol and Diesel rate on April 17, 2021, remained unchanged. Rates are highest in Mumbai among metro cities.

Petrol and Diesel Price in India, Petrol and Diesel Rate Today in India

Analyst Corner: Upgrade Astral to ‘buy’ with revised TP of Rs 1,663

We expect ASTRA’s earnings to outpace its key peers in FY22 driven by likely least impact of the recent strict restrictions imposed by few states amid the ongoing second Covid wave.

Considering the robust growth outlook amid the ongoing second Covid wave, we increase our revenue and PAT estimates by 4.4%/8.3%/8.1% and 6.7%/7.2%/7.9% for FY21E/FY22E/FY23E, respectively.

Analyst Corner: Wipro: Maintain ‘buy’ with unchanged TP of Rs 550

The pipeline remains healthy too. All in all, we remain optimistic about the demand environment. Maintain ‘BUY’ with an unchanged TP of `550 as we roll over the valuation to Q2FY23E.

Operating margin at 21% again outperformed expectations despite the company handing out wage hikes to 80% of its employees in January 2021.

Traders call off raisin auctions in Maharashtra

Last year, raisin auctions had initially gone online in March as a pilot project of eNAM and it had worked for a while until the outbreak of Covid.

Kumbhar pointed out that buyers, mostly traders, come from across the country to buy the raisins here and can also spread the virus.

BFSI: Momentum revival to reflect in Q4

Asset quality narrative will be key; >60% earnings growth expected for banks ex-Yes

Q4 is seasonally strong both on sourcing as well as collections.

Maharashtra APMCs to continue functioning

Now, vehicles will be allowed to enter the market premises by 10 pm and continue till 10 am, a total of 12 business hours.

For instance, to control the crowd, the Mumbai APMC located in Vashi, has increased its business hours.

Tata Consultancy Services Rating: Buy- A strong performance in the last quarter

Margins at a 5-year high; deal TCV of $9.2 bn augurs well for growth; FY22-23e EPS up 1-2%; TP revised to Rs 3,740; ‘Buy’ retained

TCS’ margins expanded 20bps q-o-q to 26.8% – its highest in 22 quarters despite a sharp 20% q-o-q rise in subcontracting costs and employee additions of 19,388 (highest ever) during Q4.

Industry body writes to Sebi on speculation in soya prices

The industry body said that it was hard to fathom what has changed so dramatically in such a short period to warrant this unprecedented upswing in prices.

Moreover, at this price, crushers find disparity of Rs 4,000-5,000 per tonne of processing, he said. In the process, the availability of soyabean meal has reduced dramatically, he explained.

Insurepays hopes to raise $5-7 million in Series A funding

Insurepays currently has 1.6 lakh customers and is looking to increase this to 30 lakh over the next 12-18 months. By that time, it expects its members to have paid Rs 300 crore worth of premiums, Jai

So far, members, who have been coming on board since November 2020, have paid Rs 140 crore worth of premiums and have redeemed almost Rs 6.3 crore worth through discounts at various vendors.

Jet fuel price cut by 1 pc

Meanwhile, petrol and diesel prices remained unchanged after the fourth reduction in three weeks on Thursday.

Aviation turbine fuel (ATF) price was reduced by Rs 568.88 per kilolitre, or 0.9 per cent, to Rs 57,805.28 per kl in the national capital, according to a price notification of state-owned fuel retailers.

Sensex, Nifty end in green, financial stocks drag market; here’s what analysts make of today’s trade

Headline indices BSE Sensex and Nifty 50 ended flat on the last day of the week after witnessing a volatile trade.

sensex, nifty, ICICI Bank

MSCI tweaks methodology ahead of May index review; 3 Adani group stocks could still make the cut

Despite the change, domestic brokerage and research firm Edelweiss Securities believes Adani Total Gas, Adani Enterprises, and Adani Transmission could still make the cut.

MSCI, Adani group

Rakesh Jhunjhunwala’s wife cuts stake in VIP Industries, Tata Comm; sells 45 lakh shares in these cos in Q4

Rakesh Jhunjhunwala cut his stake in three firms including Titan Company, VIP Industries and Tata Communications in the January-March quarter of 2021.

rakesh jhunjhunwala, Titan, VIP Industries, Tata communications

Second covid-19 wave unlikely to hurt recovery; brokerages say buy these stocks on correction

Benchmark indices have now corrected a modest 6% from their recent highs but many stocks have undergone a heavy 15-20% decline.

Stock market, coronavirus

Wipro share price zooms nearly 10% on strong Q4 results; stock may rally another 10% to Rs 515 soon

Wipro share price surged as much as 9.5 per cent to Rs 471.75 apiece, a fresh 52-week high, on BSE on Friday, a day after the IT firm posted the best results in the last 10 years.

wipro share price, wipro stock, wipro dividend 2021, wipro Q4 results 2021

Gold prices recover in India, back above Rs 47,000; MCX gold to soon touch Rs 48,850 per 10 gm

Gold prices recovered in Indian markets on Friday, after closing above Rs 47,000 per 10 gram for the first time since February 23, 2021, in the previous session

Gold and Silver Price Today Gold rises by Rs 60 tracking global trends CHECK 10 GRAM GOLD PRICE IN DELHI

Rakesh Jhunjhunwala ups stake in MCX, adds 5 lakh shares; Big Bull’s stake now at just under 5%

Big bull Rakesh Jhunjhunwala has increased his stake in Multi Commodity Exchange during the January-March quarter.

Rakesh Jhunjhunwala, big bull, fortis healthcare

Petrol and diesel price today 16 April 2021: Fuel cost unchanged; check rates in Mumbai, Delhi here

Petrol and Diesel Price Today in India: Petrol and Diesel rate on April 16 remained the same as yesterday. Rates are highest in Mumbai among metro cities.

Petrol and Diesel Price in India, Petrol and Diesel Rate Today in India

Wipro, Mindtree, Den Networks, Ashoka Buildcon, National Fertilisers among other stocks in focus

Nifty futures were trading at 14,635, up 15.50 points or 0.11 per cent on Singaporean Exchange

stocks in focus, wipro

Market HIGHLIGHTS: Sensex gives up 49k, ends flat, Nifty below 14,650; ICICI Bank falls, Asian Paints gains

Share Market News Today | Sensex, Nifty, Share Prices HIGHLIGHTS: Domestic equity market benchmarks BSE Sensex and Nifty 50 settled flat with a positive bias on Friday

Share Market Today, Share Market Live

Sensex, Nifty may open flat; five things to know before today’s opening bell on Dalal Street

On Friday morning, SGX Nifty was trading in the negative, hinting at a gap-down start for equity markets.

stock market

Cotton crop estimate increased to 360 lakh bales for 2020-21

The total cotton supply for the period of October 2020 to March 2021 is estimated at 459.26 lakh bales, which includes the arrivals of 326.76 lakh bales, imports of 7.50 lakh bales and the opening sto

The CAI crop committee has estimated the total cotton supply till end of the cotton season 2020-21at 496 lakh bales.

Bitcoin is a bubble for majority fund managers globally: Bank of America survey

Bitcoin has quite exploded over the past 12 months with over 800 per cent jump in price from $6,718 as of April 16, 2020, to over $64,000 on Wednesday amid increased interest from institutions and lar

bitcoin

Petrol price cut by 16 paise, diesel 14 paise

Fuel prices were reduced for the first time in six months on March 24 after international oil prices fell on the prospect of speedy recovery in consumption getting clouded by the second wave of COVID-

In three reductions, petrol price has come down by 61 paise per litre and diesel by 60 paise. After Thursday's price cut, the total reduction comes to 67 paise in case of petrol and 74 paise on diesel.

Last hour surge lifts Sensex, Nifty on weekly expiry day; here’s what analysts make of today’s trade

A smart recovery in the last hour of trade, primarily driven by buying in metal and pharma stocks, helped BSE Sensex and Nifty 50 to end near day's high on weekly expiry day

sensex, nifty
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