Posts in category Business Standard
Three IPOs to hit primary mkt on Wednesday; aim to raise Rs 1,700 cr (06-02-2024)
The IPO lane is getting busy with three entities -- Rashi Peripherals, Jana Small Finance Bank and Capital Small Finance Bank-- set to float their maiden public issues on Wednesday to collectively mobilise around Rs 1,700 crore.
Additionally, Entero Healthcare Solutions will launch its Rs 1,600-crore initial share-sale on February 9. Further, the Rs 920-crore IPO of Apeejay Surrendra Park, which runs hotels under the "The Park" brand, is currently under subscription.
Last month, five firms tapped the primary market and garnered around Rs 3,266 crore.
Market experts maintain a strong bullish outlook on the IPO (initial public offering) market for 2024. Companies are expecting to benefit from an equity market which is flush with liquidity and has seen a sharp increase in new retail investors.
"We hold a strong bullish outlook on the IPO market in 2024. This optimism is buoyed by robust domestic and foreign investments, driven by superior growth prospects of the Indian markets. The ..
Market near day’s high; Pharma stocks rally for 3rd day (06-02-2024)
At 14:26 IST, the barometer index, the S&P BSE Sensex, was up 434.20 points or 0.61% to 72,165.62. The Nifty 50 index added 148.95 points or 0.68% to 21,920.65.
Diamines & Chemicals standalone net profit declines 62.14% in the December 2023 quarter (06-02-2024)
Sales decline 7.40% to Rs 23.03 crore
Vintage Securities reports standalone net loss of Rs 0.01 crore in the December 2023 quarter (06-02-2024)
Reported sales nil
Pondy Oxides & Chemicals standalone net profit rises 7.65% in the December 2023 quarter (06-02-2024)
Sales rise 21.96% to Rs 454.49 crore
POCL Enterprises standalone net profit rises 148.92% in the December 2023 quarter (06-02-2024)
Sales decline 5.19% to Rs 256.13 crore
Starlit Power Systems reports standalone net loss of Rs 1.13 crore in the December 2023 quarter (06-02-2024)
Reported sales nil
Akzo Nobel India consolidated net profit rises 16.84% in the December 2023 quarter (06-02-2024)
Sales rise 4.65% to Rs 1032.70 crore
Trident consolidated net profit declines 24.59% in the December 2023 quarter (06-02-2024)
Sales rise 11.81% to Rs 1835.34 crore
Computer Age Management Services consolidated net profit rises 21.12% in the December 2023 quarter (06-02-2024)
Sales rise 18.93% to Rs 289.68 crore