Stocks to watch on February 28, 2024: Juniper Hotels will make its market debut today; Vodafone Idea’s board on Tuesday greenlit plans to raise up to Rs 45,000 crore in equity and debt
Posts in category Business Standard
Stock Market Live: Sensex may consolidate on mixed cues; Voda Idea in focus (28-02-2024)
Stock market Update on Wednesday, February 28: Shares of Voda Idea are likely to be in focus as the company’s board approved Rs 45,000 crore fund raise.
Capital Small Finance Bank standalone net profit rises 2.37% in the December 2023 quarter (28-02-2024)
Total Operating Income rise 15.55% to Rs 204.15 crore
JK Lakshmi, Motherson Sumi can rally up to 19%, recommends HDFC Securities (28-02-2024)
On the broader market outlook, Vinay Rajani technical & derivative analyst of HDFC Securities says the Nifty is seen consolidating in the 22,075 – 22,297 trading band.
Nifty Private Bank, IT: Here’s how to trade these two range-bound indices (28-02-2024)
The Nifty Private Bank Index in seen trading in a range of 23,165 – 23,690, and the IT index in the 37,200 – 38,56 range, says Ravi Nathani, an independent technical analyst.
Bharat Highways InvIT collects Rs 826 cr from anchor investors ahead of IPO (27-02-2024)
Bharat Highways InvIT, an infrastructure investment trust, on Tuesday said it has collected Rs 826 crore from anchor investors a day before its Initial Public Offering (IPO).
The InvIT has allotted 8.26 crore units to 37 funds at Rs 100 apiece, aggregating the transaction size to Rs 826 crore, according to a circular uploaded on the BSE website.
Copthall Mauritius Investment Ltd, Societe Generale, ICICI Prudential Mutual Fund, HDFC Mutual Fund, UTI Mutual Fund, Axis Mutual Fund, Reliance General Insurance Company, and Max Life Insurance Co Ltd are among the anchor investors, it showed.
The Rs 2,500-crore maiden public issue of Bharat Highways will open for subscription on February 28 and conclude on March 1. The price band has been fixed at Rs 98-100 per unit.
Proceeds from the issue will be utilised to provide loans to the project SPVs (Special Purpose Vehicles) for repayment of their outstanding loans.
Bharat Highways InvIT is an infrastructure investment trust established to ..
Grayscale’s Bitcoin ETF exodus reaches $7.4 bn in first 30 trading days (27-02-2024)
That stands in contrast to the other nine freshly launched spot Bitcoin ETFs, all of which are sitting on net inflows since trading began
National Stock Exchange tweaks methodology for inclusion of companies (27-02-2024)
Lays more emphasis on ‘free-float’ mcap as selection criteria for small and midcap index
AIFs’ actual investment at 65% of commitments: Sebi WTM Ananth Narayan (27-02-2024)
Along with a code of conduct, Sebi is working to define the specifics of what constitutes circumvention
Exicom Tele-Systems IPO subscribed 10 times on first day of bidding (27-02-2024)
The Initial Public Offering (IPO) of EV chargers maker Exicom Tele-Systems Ltd got subscribed 10 times on the first day of subscription on Tuesday.
The Rs 429 crore-IPO received bids for 18,23,99,200 shares against 1,82,23,540 shares on offer, translating into 10.01 times subscription, according to NSE data.
The Retail Individual Investors (RIIs) part got subscribed 27.11 times while the quota for non-institutional investors received 19.03 times subscription. The Qualified Institutional Buyers (QIBs) category fetched 73 per cent subscription.
The IPO got fully subscribed within hours of beginning of the bidding process.
The IPO has a fresh issue of equity shares aggregating up to Rs 329 crore and an Offer For Sale (OFS) component of up to 70.42 lakh equity shares worth Rs 100 crore, at the upper end of the price band, by promoter NextWave Communications.
At present, NextWave Communications holds a 76.55 per cent stake in the company, and HFCL, part of the promoter group, owns a 7.