Indian companies are exploring larger IPOs, with Swiggy, LG Electronics, and Hyundai Motor’s Indian units planning significant offerings. This trend follows India’s economic growth and increased investor interest. Notable IPOs this year include Bajaj Housing Finance and Ola Electric Mobility, with most of the 240 offerings raising under $100 million.
Posts in category Economic Times
Kross shares rally 12% after muted listing. What should investors do? (16-09-2024)
Kross Share Price: Shares of newly-listed Kross Ltd soared 12.5% in intraday trading, hitting a peak of Rs 269 on the BSE. This significant rise followed a subdued debut, with the stock initially listed at Rs 239 on the BSE and Rs 240 on the NSE. Prior to the listing, the company’s shares were trading with a 10% grey market premium.
Reliance Power shares hit 5% upper circuit on 500 MW battery storage contract win (16-09-2024)
Reliance Power Share Price: Reliance Power shares surged 5% after securing a 500 MW battery storage contract through SECI’s e-reverse auction. This marks a significant entry into the renewable energy and storage sector for Reliance Power, which submitted a competitive tariff bid of Rs 3.81999 lakh/MW/month.
Biotech solutions provider Fabtech Technologies files IPO papers with Sebi (16-09-2024)
The IPO with a face value of Rs 10 per equity share is entirely a fresh issue of up to 1.20 crore equity shares. The offer also includes a reservation for a subscription by eligible employees and a discount is being offered to eligible employees bidding in the employee reservation portion.
The gravity of equity markets: Rationality, boom, and defiance (16-09-2024)
Just like gravity anchors objects to the ground, economic fundamentals usually dictate the direction of equity markets. Yet, in the short run, particularly during economic booms, markets can appear to defy this natural order, leaving investors perplexed by this seeming paradox.
Crypto Price Today: Bitcoin, BNB, Solana, and others fall up to 5% ahead of Fed rate decision on Wednesday (16-09-2024)
Bitcoin’s 3% drop to $58,271 comes amid investor uncertainty following the Trump assassination attempt, leading to over $116M in liquidations. All eyes now turn to the Fed’s interest rate decision, with markets split between a 25 and 50 bps rate cut, Avinash Shekhar, Co-Founder & CEO at Pi42 said.
LIC Housing, PNB Housing shares fall 7% as Bajaj gets all the attention (16-09-2024)
Bajaj Housing Finance’s stellar debut overshadowed the share trading of its competitors LIC Housing Finance and PNB Housing Finance, causing their shares to decline. Bajaj Housing Finance shares hit a high of Rs 165, after listing at a 114% premium of Rs 150, whereas LIC Housing Finance and PNB Housing Finance saw their shares fall to Rs 678 and 1,061, respectively.
Will China’s economic slowdown hurt gold market? Sachin Jain explains (16-09-2024)
And jewellery market has been sluggish and has been down. And the revival of that is not necessarily to do with the revival of gold, but also an economy of jewellery and consumption generally in China.
What will be the impact of import duty rejig in edible oil on 3 FMCG categories? Abneesh Roy explains (16-09-2024)
Abneesh Roy, Executive Director at Nuvama Institutional, highlights the attractiveness of the food sector. He particularly favours Bikaji for its pure-play focus. He also mentions HUL and ITC among larger companies. With an edible oil duty hike, price increases are expected in H2, benefiting overall pricing growth despite some margin impacts.
Eid-e-Milad-un-Nabi a settlement holiday, but Zerodha allows trading, says Nithin Kamath (16-09-2024)
Indian stock markets are open today despite Eid-e-Milad-un-Nabi being a settlement holiday. While most brokers restrict selling stocks bought on Friday due to the holiday, Zerodha allows it. However, equity intraday profit credits and F&O credits are not available for withdrawal today.