Posts in category Business Standard
Rail stocks in demand: Titagarh, IRCON, RailTel, RVNL rally up to 19% (17-11-2023)
The Indian Rail Freight Industry is experiencing significant growth and improvements, with ambitious plans and increased investment aimed at enhancing capacity, efficiency, and sustainability
Flair Writing IPO to open on Nov 22; sets price band at Rs 288-304/share (17-11-2023)
Pen maker Flair Writing Industries Ltd has set a price band of Rs 288-304 a share for its Rs 593-crore initial public offering (IPO), market sources said on Friday.
The maiden public issue will open for subscription on November 22 and conclude on November 24 and the anchor book of the offer will be opened for a day on November 21, they added.
As per the red herring prospectus (RHP), Flair Writing's IPO comprises a fresh issue of equity shares aggregating up to Rs 292 crore and an offer-for-sale (OFS) of equity shares worth up to Rs 301 crore by promoters and promoter group entities.
At present, promoters and promoter group entities own 100 per cent stake in the company.
Proceeds of the fresh issue will be used for setting up a manufacturing facility for writing instruments at Valsad district in Gujarat; funding the company's capital expenditure and subsidiary Flair Writing Equipments Pvt Ltd (FWEPL).
Besides, the proceeds will be used to support the working capital requirements of
JSW Infra soars 8% on Rs 4,119-cr project win from Karnataka government (17-11-2023)
The stock hit a new high of Rs 220, and was quoting 85 per cent higher against its issue price
Mark Mobius joins hedge fund elite planning Dubai investing venture (17-11-2023)
The 87-year-old money manager said he's busier than ever as he looks to set up a new venture in Dubai
Fedbank Financial Services IPO to open on Nov 22 at Rs 133-140 per share (17-11-2023)
At the upper end of the price band, the Federal Bank-promoted company will mop up Rs 1,092.26 crore
Gold price unchanged at Rs 61,040, silver jumps Rs 300 to Rs 75,000 (17-11-2023)
The price of 22-carat gold rose Rs 400, with the yellow metal selling at Rs 55,950
Stocks to Watch today, Nov 17: Delhivery, IDBI Bank, TVS Motor, Oil-linked (17-11-2023)
Stocks to Watch on Friday, November 17, 2023: SoftBank may offload around 31 million, or 4 per cent stake, in Delhivery for $150 million
Stock Market Live: Asia stocks lower; Crude retreats to $77 on demand woes (17-11-2023)
Stock Market LIVE, November 17, 2023: At 7:15 am, the Gift Nifty futures were trading 20 points lower at 19,812
HCLTech strong on charts: HDFC Securities suggests Bull Spread Strategy (17-11-2023)
Technology stocks are looking good on the short to medium-term charts, said Nandish Shah of HDFC Securities
Sell on Rise: Nifty FMCG and Nifty Auto ripe for profit booking (17-11-2023)
A decisive close above 16,880 is essential to trigger a renewed wave of bullish sentiment in both Nifty Auto and its constituents, said Ravi Nathani