The price of 22-carat gold fell Rs 10, with ten grams of the yellow metal selling at Rs 66,690
Posts in category Business Standard
Share market today: US, Asian markets fall, Gala Precision, ECOS IPO eyed (04-09-2024)
The US, Asian markets slump on rate cut worries; Gala Precision IPO close, ECOS (India) IPO listing on radar
Stock Market LIVE Updates: GIFT Nifty signals global cues to weigh on Sensex, Nifty; Nikkei down 3% (04-09-2024)
Stock Market LIVE Updates: Indian markets were likely to open lower on Wednesday, dragged down by a sharp sell-off in global markets, after the release of weak manufacturing data in the US.
Trading Strategy: Nifty PSU Bank, Private Bank eye breakout; key levels (04-09-2024)
The Nifty PSU Banks Index is currently range-bound, oscillating between the levels of 7,090 and 6,910. This indicates a phase of consolidation, where the index lacks clear direction
Stocks to Watch: GIC Re, Cipla, IEX, KIMS, IEX, Finolex Cables (04-09-2024)
MK Hamied has resigned as Vice Chairman of Cipla, effective October 29. Kamil Hamied will join the board as a Non-Executive Director starting November 1.
Stocks to Buy: CEAT, Star Health are top picks of Vinay Rajani of HDFC Sec (04-09-2024)
CEAT is on the verge of breaking out from inverted head and shoulder pattern on the daily chart. Price rise was accompanied by healthy volumes
These are top three stocks recommended by Chandan Taparia of MOFSL (04-09-2024)
ICICI Prudential has formed an Ascending Triangle with a Breakout near the ATH Price on daily chart indicating buyers are squeezing out the sellers and are ready for a bullish move
Tolins Tyres’ Rs 230 cr IPO to open for subscription on September 9 (03-09-2024)
Tolins Tyres Ltd on Tuesday said it has fixed a price band of Rs 215-Rs 226 per share for its initial public offering (IPO), opening for subscription on September 9.
The company’s Rs 230-crore IPO is scheduled to conclude on September 11, and the bidding for anchor investors will open for a day on September 6, it announced.
The Kerala-based company’s initial share sale is a combination of a fresh issue of equity shares worth Rs 200 crore and an offer-for-sale (OFS) of equity shares to the tune of Rs 30 crore.
Promoters — Kalamparambil Varkey Tolin and Jerin Tolin — will offload shares worth Rs 15 crore each through the OFS route. They own 83.31 per cent stake in the company at present.
Of the Rs 200 crore IPO proceeds, Rs 75 crore will be used to augment the long-term working capital requirements of the company and Rs 62.55 crore for debt payment.
Further, Rs 24.36 crore will be used for investment in the company’s subsidiary Tolin Rubbers to repay its debt and to support its ..
Multiple growth triggers to drive gains for United Spirits stock (03-09-2024)
A key trigger has been the cut in excise duty slabs in Karnataka, which is the largest spirits market in the country. The cuts are expected to reduce the prices of premium liquor in the state
Gala Precision Engineering IPO subscribed 52.17 times on 2nd day of bidding (03-09-2024)
The initial public offer of Gala Precision Engineering was subscribed 52.17 times on day two of bidding on Tuesday.
The initial share sale received bids for 11,60,22,648 shares against 22,23,830 shares on offer, as per NSE data.
The quota for non-institutional investors was subscribed 132.89 times, while the category for retail individual investors (RIIs) fetched 44.16 times subscription. The portion for qualified institutional buyers (QIBs) garnered 5.06 times subscription.
The initial public offering of Gala Precision Engineering was fully subscribed within minutes of opening for bidding on Monday and ended the day with a 10.83 times subscription.
The initial share sale will conclude on September 4.
Gala Precision Engineering Ltd has fixed a price band of Rs 503-529 per share for its Rs 168-crore initial public offering (IPO).
The IPO is a combination of a fresh issue of 25.58 lakh equity shares worth Rs 135.34 crore and an offer-for-sale (OFS) of 6.16 lakh equity shares valued