Posts in category Business Standard
Rita Finance and Leasing standalone net profit declines 15.00% in the December 2023 quarter (16-02-2024)
Sales decline 12.50% to Rs 0.28 crore
Stock market LIVE: Sensex rises 300 pts, Nifty above 22K; BPCL, CIL lead (16-02-2024)
Stock market live updates on February 16, 2024: At 7:15 am, the Gift Nifty futures were 80 points higher at 22,093
F&O strategy: Bull spread on McDowell for the February series (16-02-2024)
Nandish Shah of HDFC Securities recommends to Buy McDowell 1150 CALL and simultaneously Sell 1200 PUT of the February expiry.
Nifty Energy to face stiff resistance at 40,000; Pharma seems range-bound (16-02-2024)
According to Ravi Nathani, an independent technical analyst, the Nifty Energy index is trading in overbought zone, hence some reversal can be anticipated.
Vibhor Steel Tubes IPO subscribed nearly 300 times on final day of bidding (15-02-2024)
The initial share sale of steel pipes manufacturer Vibhor Steel Tubes Ltd subscribed nearly 300 times on the final day on Thursday, driven by overwhelming participation from institutional investors.
The IPO received bids for 1,07,36,25,993 shares against 35,92,445 shares on offer, garnering a 298.86 times subscription, as per NSE data.
The portion for non-institutional investors got subscribed by a whopping 721.34 times, while the quota for retail individual investors (RIIs) received 188.17 times subscription. The category for qualified institutional buyers (QIBs) attracted bids 178.73 times.
On Monday, Vibhor Steel Tubes collected nearly Rs 22 crore from anchor investors.
The price band has been fixed at Rs 141-151 per share.
The Haryana-based Vibhor Steel Tubes's initial public offering (IPO) comprises a fresh issue of equity shares with a face value of Rs 10 each, aggregating to an issue size of up to Rs 72.17 crore through the book-building route.
Proceeds from the issue will
Vibhor Steel Tubes IPO subscribed nearly 300 times on final day of bidding (15-02-2024)
The initial share sale of steel pipes manufacturer Vibhor Steel Tubes Ltd subscribed nearly 300 times on the final day on Thursday, driven by overwhelming participation from institutional investors.
The IPO received bids for 1,07,36,25,993 shares against 35,92,445 shares on offer, garnering a 298.86 times subscription, as per NSE data.
The portion for non-institutional investors got subscribed by a whopping 721.34 times, while the quota for retail individual investors (RIIs) received 188.17 times subscription. The category for qualified institutional buyers (QIBs) attracted bids 178.73 times.
On Monday, Vibhor Steel Tubes collected nearly Rs 22 crore from anchor investors.
The price band has been fixed at Rs 141-151 per share.
The Haryana-based Vibhor Steel Tubes's initial public offering (IPO) comprises a fresh issue of equity shares with a face value of Rs 10 each, aggregating to an issue size of up to Rs 72.17 crore through the book-building route.
Proceeds from the issue will
Julius Baer India gets over Rs 300 cr; Juniper Hotels IPO opens Feb 21 (15-02-2024)
Juniper Hotels, which runs hotels under the Hyatt brand, on Thursday fixed the price band of Rs 342-360 per share for its Rs 1,800 crore initial public offering (IPO)
BSE at odds with NSE over ‘high’ clearing and settlement charges (15-02-2024)
The former says high payout to NSE weighing down its profitability
BSE cautions stock market investors against fake social media accounts (15-02-2024)
Leading stock exchange BSE on Thursday cautioned investors against falling prey to misleading social media handles claiming association with the bourse.
This came after the exchange noted that some unauthorized and fake social media handles on platforms such as LinkedIn, Twitter, YouTube, Facebook, and Instagram, are misleading the investors by impersonating BSE's official identity and falsely claiming association with the exchange.
Such unscrupulous persons or entities masquerading as BSE are indulging into misusing the name and reputation of the exchange for their personal gains, the bourse said.
In a statement, BSE cautioned "investors and the public at large against falling prey to such misleading social media handles/ entities and advises the investors/ public to verify the authenticity of social media handles claiming to be associated / to represent BSE."
Also, it asked investors to only engage with BSE's officially verified social media handles.
Around 2.1 million PACL investors get their money back, says Sebi (15-02-2024)
Nearly 21 lakh investors in PACL's illegal investment schemes, with claims of up to Rs 19,000, have received Rs 1,022 crore in refunds, markets regulator Sebi said on Thursday.
The regulator had found that PACL Ltd, which had raised money from the public in the name of agriculture and real estate businesses, collected more than Rs 60,000 crore through illegal collective investment schemes.
A panel headed by retired Justice RM Lodha had initiated the process of refunds in phases for investors, who had invested in PACL.
"As on date, the committee has successfully effected refunds in respect of a total number of 20,84,635 eligible applications with outstanding (principal) amount up to Rs 19,000 aggregating to Rs 1,021.84 crore," the statement noted.
In December 2015, the Securities and Exchange Board Board of India (Sebi) had ordered the attachment of all assets of PACL and its nine promoters and directors for their failure to refund the money that was due to investors.
Sebi had aske