Posts in category Business Standard
Stock Market LIVE: Sensex down 150 pts; Paytm zooms 3%; MMTC sinks 10% (19-10-2023)
Stock market LIVE updates on Thursday, October 19, 2023: IT and Media indices have erased losses and are up 0.07 per cent each
Stocks to Watch today: Bajaj Auto, Wipro, RIL, Dabur, IndusInd, Bandhan Bk (19-10-2023)
Stocks to watch on Thursday, October 19, 2023: FMCG majors ITC, Hindustan Unilever and Nestle also likely to be in focus ahead of Q2 results today.
Gold jumps by Rs 10, silver unchanged, yellow metal trades at Rs 60,500/10g (19-10-2023)
The price of 22-carat gold was also up by Rs 10, with the yellow metal selling at Rs 55,460
Trading strategies for Nifty Auto, Pharma indices; check key levels here (19-10-2023)
The Nifty Auto index is exhibiting a bullish trajectory, and can be bought with a stop at 16,436, sugges3ts Ravi Nathani, an independent technical analyst.
Bidding for Blue Jet Healthcare IPO sale set to open on October 25 (18-10-2023)
Bidding for the Initial Public Offering (IPO), which is entirely an offer for sale (OFS) of 2.42 crore shares by promoters -- Akshay Bansarilal Arora and Shiven Akshay Arora -- will conclude on Oct 27
Gold price jumps Rs 500, closes at Rs 60,150; silver rallies Rs 1,000 (18-10-2023)
Gold price jumped Rs 500 to Rs 60,650 per 10 grams in the national capital on Wednesday amid strong global cues in international markets, according to HDFC Securities.
In the previous trade, the yellow metal had finished at Rs 60,150 per 10 grams.
"Gold prices jumped on Wednesday, following a positive trend in the overseas market," Saumil Gandhi, senior analyst of commodities at HDFC Securities, said.
Silver also surged Rs 1,000 to Rs 74,700 per kilogramme.
In the global markets, both gold and silver were trading higher at USD 1,937 per ounce and USD 23.10 per ounce, respectively.
Comex gold surged to its highest level in four weeks as demand for safe-haven assets intensified after the Middle East turmoil widened, with hopes for a diplomatic resolution deteriorating after a deadly explosion in Gaza, Gandhi said.
Motilal Oswal MF exits Divgi Torqtransfer; sells entire stake for Rs 112 cr (18-10-2023)
Motilal Oswal Mutual Fund on Wednesday pared its entire stake in Divgi Torqtransfer Systems for Rs 112 crore through open market transactions.
Following the stake sale, shares of Divgi Torqtransfer Systems declined 3.53 per cent to close at Rs 1,074.10 apiece on the NSE.
According to the bulk deal data available with the National Stock Exchange (NSE), Motilal Oswal Mutual Fund disposed of 10,34,225 shares in two tranches, amounting to 3.38 per cent stake in Divgi Torqtransfer Systems.
The shares were offloaded in the price range of Rs 1,080-1,080.29 apiece, taking the combined deal size to Rs 111.71 crore.
At the end of the September quarter, Motilal Oswal MF through its Long Term Equity Fund owned 3.38 per cent stake in Divgi Torqtransfer Systems.
Meanwhile, ICICI Prudential Mutual Fund bought 6,23,646 shares in three tranches at an average price of Rs 1,080 per scrip.
This took the deal value to Rs 67.35 crore.
Dollar gains against euro as Fed, Middle East conflict stay in focus (18-10-2023)
The dollar is also benefiting from safe haven demand on concerns over the conflict in the Middle East
IRM Energy IPO subscribed 1.71 times on first day of subscription (18-10-2023)
The initial public offering (IPO) of city gas distribution company IRM Energy was subscribed 1.71 times on the first day of subscription on Wednesday.
The Rs 545.40 crore initial share sale received bids for 1,30,38,661 shares against 76,24,800 shares on offer, according to NSE data.
The category for non-institutional investors was subscribed 2.60 times while the quota for retail individual investors (RIIs) received 1.77 times subscription and the portion for qualified institutional buyers (QIBs) got subscribed 1.07 times.
The IPO is a fresh issue of up to 1.08 crore equity shares. The price range for the offer is Rs 480-505 a share.
IRM Energy Ltd on Tuesday said it has raised over Rs 160 crore from anchor investors.
Proceeds from the issue to the tune of Rs 307.26 crore will be used to fund capital expenditure requirements for the development of the city gas distribution network at Namakkal and Tiruchirappalli in Tamil Nadu and Rs 135 crore for payment of debt.
Besides, a porti
UTI AMC Q2 results: PAT declines 8% to Rs 183 crore, revenue falls 7% (18-10-2023)
UTI Asset Management Company on Wednesday reported an 8 per cent decline in profit after tax to Rs 183 crore in the September quarter.
It had posted a profit after tax of Rs 200 crore in the same quarter of the preceding fiscal, according to a regulatory filing.
The company's total revenue from operations dropped 7 per cent to Rs 404 crore during the quarter under review. In the year-ago period, the same was at Rs 435 crore.
For the quarter ended September 30, 2023, UTI Mutual Fund's average assets under management stood at Rs 2.67 lakh crore and it had a market share of 5.68 per cent.
Imtaiyazur Rahman, Chief Executive Officer of UTI AMC, said the Indian mutual fund industry has constantly worked towards building financial literacy in the country for creating awareness about various products and in enabling investors to make informed investment decisions.
"With our growing geographical and digital reach in the country and our expertise in investment management combined with a lar