Posts in category Economic Times
SBI raises Rs 10,000 cr via bonds to fund infra projects (26-06-2024)
State Bank of India (SBI) on Wednesday raised Rs 10,000 crore through its fifth infrastructure bond issuance. The country's largest lender raised the funds at a coupon rate of 7.36 per cent.
Akme Fintrade shares see a moderate listing. Should you exit? (26-06-2024)
Akme Fintrade, a rural and semi-urban-focused NBFC, had a moderate listing on Wednesday. Its shares opened at Rs 127, marking a 5.83% increase from its issue price of Rs 120. This performance contrasts sharply with the earlier excitement indicated by a higher pre-listing GMP. Despite receiving decent oversubscription, analysts noted that Akme Fintrade's cautious listing suggests investor restraint.
Company to grow at a CAGR of 22% to reach $ 1 billion by 2031: Venkatraman Narayanan, Happiest Minds (26-06-2024)
From here, you will have to essentially again build on the base of the organic muscle that we have and we will also have to add on a couple of acquisitions as we navigate this growth towards 2031 and a billion dollar dream. So, that is where we are.
Post-Election Market Recovery: 8 smallcap stocks surge 55-100% in just over 20 days (26-06-2024)
On the day of the Indian Lok Sabha election results, Indian stocks experienced a significant decline, indicating that the BJP may not have secured as many seats as initially expected by the market, leading to a roughly 6% drop in the Sensex.
Vedanta shares fall 2.26% as Nifty gains (26-06-2024)
A total of 128,303,338 shares changed hands on the counter till time (IST).
Mapmy India shares fall 6% after promoter likely offloads stake (26-06-2024)
Shares of CE Info Systems-owned MapmyIndia fell by 6% to day’s low of Rs 2,271 on BSE after the company’s promoter Rakesh Verma reportedly offloaded equity stake via a block deal on Wednesday.
Max Healthcare shares down 1.89% as Nifty gains (26-06-2024)
A total of 24,820 shares changed hands on the counter till 02:00PM (IST).
Shares of Indian Hotels fall as Nifty gains (26-06-2024)
On the technical charts, the 200-day moving average of the stock stood at Rs 500.59.
Vraj Iron and Steel IPO booked 1.5 times so far on Day 1. Check subscription, GMP and other details (26-06-2024)
Vraj Iron and Steel's IPO sees strong demand with retail investors leading subscription. The fresh equity issue aims to fund the Bilaspur Plant expansion. The company offers a range of products and operates manufacturing plants in Chhattisgarh. Aryaman Financial Services manages the IPO with a price band of Rs 195-207 per share.
Looking at 4 buckets in auto thematic fund; avoiding auto financiers: Tanmaya Desai, SBI MF (26-06-2024)
Fund manager Tanmaya Desai says that SBI MF is not looking at the auto financiers or the logistics companies. But at the same time, the fund does permit him to evaluate up to 20% in some of those stocks which can be a corollary to the auto opportunity in general.