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Posts in category Business Standard
Voltamp Transformers Ltd leads losers in ‘A’ group (05-11-2024)
Saregama India Ltd, Rainbow Childrens Medicare Ltd, L T Foods Ltd and Torrent Power Ltd are among the other losers in the BSE’s ‘A’ group today, 05 November 2024.
Swiggy seeks valuation of $11.3 billion; IPO to open on Wednesday (05-11-2024)
Food delivery and quick-commerce major Swiggy, which is coming out with its initial public offering (IPO) on Wednesday, is seeking a valuation of about USD 11.3 billion.
The Bengaluru-based company is aiming to garner Rs 11,327 crore from the IPO, which will comprise a fresh issue of shares worth Rs 4,499 crore along with an offer for sale (OFS) of Rs 6,828 crore.
Swiggy has set a price band of Rs 371 to Rs 390 per share for its maiden public issue. The issue will open for public subscription on November 6 and conclude on November 8.
Speaking about the pricing, Swiggy Food Marketplace CEO Rohit Kapoor said, “We feel we have priced it right and we are looking forward to the next few days.”
The valuation of Swiggy has been pegged at about USD 11.3 billion (about Rs 95,000 crore) at the upper price band. Rival Zomato, which went public in July 2021, has a market valuation of Rs 2.13 lakh crore.
“Our pricing is in the range of Rs 371-390 which corresponds to a value of about USD 11.3
Chemfab Alkalis shares tank 10% after mixed September quarter results (05-11-2024)
Earlier, on November 4, 2024, the company reported a net loss attributable to owners of Rs 0.53 crore in the second quarter of FY25, against a net profit of Rs 4.30 crore reported in the Q2FY24
Maan Aluminium Ltd leads losers in ‘B’ group (05-11-2024)
Chemfab Alkalis Ltd, Cineline India Ltd, Automobile Corporation Of Goa Ltd and Ola Electric Mobility Ltd are among the other losers in the BSE’s ‘B’ group today, 05 November 2024.
This recently listed stock enters top-100 mcap club; jumps 127% in 6 days (05-11-2024)
At 02:16 pm, with a market cap of Rs 95,886 crore, Waaree was trading 12% higher at Rs 3,337.70, and stood at number 100th position beating Indian Hotels.
Indices trade with significant gains; metal shares shine (05-11-2024)
At 14:30 IST, the barometer index, the S&P BSE, jumped added 651.48 points or 0.83% to 79,433.72. The Nifty 50 index advanced 208.40 points or 0.87% to 24,203.75.
India moving steadily forward towards goal of 500 GW of renewable energy capacity by 2030 (05-11-2024)
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Volumes soar at Gland Pharma Ltd counter (05-11-2024)
Gland Pharma Ltd recorded volume of 45.95 lakh shares by 14:14 IST on NSE, a 42.24 times surge over two-week average daily volume of 1.09 lakh shares
INR weakens to fresh low above 84.10 per US dollar (05-11-2024)
The Indian rupee stayed weak, testing a record low against the US dollar as untiring outflows from local stocks hurt the local currency. The INR fell to its all-time low of 84.13 against the dollar today as equities dragged lower. The FIIs were net sellers in the cash segment in October, with total outflows hitting more than Rs 1 lakh crore and selling a new record. INR currently quotes down marginally at 84.12 per US dollar. Dollar index is around 103.70, down marginally on the day.