Posts in category Business Standard
Zee Entertainment Enterprises Ltd eases for fifth straight session (07-05-2024)
Zee Entertainment Enterprises Ltd is quoting at Rs 133.95, down 1.8% on the day as on 13:19 IST on the NSE. The stock tumbled 30.02% in last one year as compared to a 21.88% rally in NIFTY and a 4.94% spurt in the Nifty Media index.
Punjab & Sind Bank down for fifth straight session (07-05-2024)
Punjab & Sind Bank is quoting at Rs 58, down 2.77% on the day as on 13:19 IST on the NSE. The stock jumped 50.48% in last one year as compared to a 21.88% rally in NIFTY and a 71.52% spurt in the Nifty PSU Bank index.
Edelweiss Retail Finance standalone net profit declines 84.90% in the March 2024 quarter (07-05-2024)
Sales decline 21.88% to Rs 16.17 crore
Nivi Trading reports standalone net loss of Rs 0.01 crore in the March 2024 quarter (07-05-2024)
Reported sales nil
InfoBeans Technologies consolidated net profit rises 94.94% in the March 2024 quarter (07-05-2024)
Sales rise 5.43% to Rs 96.94 crore
Gujarat Fluoro slides as Q4 PAT drops 70% YoY (07-05-2024)
Gujarat Fluorochemicals slipped 3.19% to Rs 3,544.25 after the company's consolidated net profit tumbled 69.58% to Rs 100.97 crore in Q4 FY24 as against Rs 331.88 crore recorded in Q4 FY23.
Plant-based speciality firm Sanstar gets Sebi’s nod to float IPO (07-05-2024)
Plant-based speciality products company Sanstar Ltd has received Sebi's go-ahead to float an initial public offering, an update with the markets regulator showed on Tuesday.
The proposed initial public offering (IPO) comprises a fresh issue of 4 crore shares and an Offer For Sale (OFS) of up to 80 lakh shares by its promoters and promoter group selling shareholders, according to the draft red herring prospectus (DRHP).
According to market sources, the IPO size is expected to be Rs 425-500 crore.
Also, the company may consider a pre-IPO placement of up to 40 lakh equity shares. If such placement is completed, the fresh issue size will be reduced
The Ahmedabad-based company, which filed its draft IPO papers with Sebi in January this year, obtained its observations on April 30, as per the update.
In Sebi's parlance, obtaining observations means its go-ahead to float the public issue.
Going by the draft papers, proceeds from the fresh issue will be utilised to fund the capital expend
India VIX jumps 72% from April lows; up 5% today. What’s behind the surge? (07-05-2024)
Analysts attribute this rise to nervousness ahead of the outcome of Lok Sabha elections on June 4, and expect India VIX to continue its journey north as the election outcome day nears.
Benchmarks pare some losses; Realty shares under pressure (07-05-2024)
At 12:25 IST, the barometer index, the S&P BSE Sensex slipped 416.18 points or 0.56% to 73,474.63. The Nifty 50 declined 140.70 points or 0.63% to 22,302.
Third phase of Lok Sabha elections underway (07-05-2024)
Notably, the Anantnag-Rajouri Parliamentary Constituency in Jammu and Kashmir, initially part of this phase, has been rescheduled to the sixth phase. Similarly, Surat Parliamentary Constituency in Gujarat will not undergo polling, as the candidate has been elected unopposed. Additionally, polling for the Betul Parliamentary Constituency in Madhya Pradesh, originally scheduled for the second phase, will take place during this phase due to rescheduling following the demise of a BSP candidate.