C2C Advanced Systems IPO was subscribed 116 times despite Sebi’s concerns regarding its auditing. Investors have a withdrawal window till November 28. Sebi has asked the company to appoint an independent auditor for financial accounts.
Posts in category Economic Times
These 5 stocks hit 52-week high, rallied up to 14% in a month (26-11-2024)
Five BSE 200 stocks hit 52-week highs, marking their peak prices in a year. Such milestones offer key insights, helping traders and investors evaluate performance and potential market trends effectively.
Siemens Q4 Results: Net profit zooms 45% to Rs 775 crore (26-11-2024)
Nov 26 (PT) Siemens on Tuesday posted a 45 per cent jump in its net profit to Rs 775 crore in the July-September quarter compared to the year-ago period on higher revenues. The company had reported a net profit of Rs 534 crore in the quarter ended on September 2023, a company statement said.
Enviro Infra IPO subscribed 89.90 times on final day of bidding (26-11-2024)
The initial public offer of sewage treatment solutions provider Enviro Infra Engineers was subscribed 89.90 times on the closing day of bidding on Tuesday. The initial share sale received bids for 2,76,83,13,747 shares against 3,07,93,600 shares on offer, as per NSE data.
Vedanta Resources raises USD 800 mn from global investors via new bond issue (26-11-2024)
UK-based Vedanta Resources, the parent of India’s Vedanta, has raised USD 800 million from global investors through a new bond issue. The proceeds will be used to prepay the company’s outstanding debt due in 2028.
Gold loan providers see opportunity as micro loans falter (26-11-2024)
Gold loan companies in India are accelerating growth plans, capitalizing on increased demand as microfinance lenders tighten credit. Muthoot Finance has raised its growth projection to 25%, while others see gold loans filling the gap left by restricted unsecured and fintech lending. The RBI has advised policy reviews following scrutiny of some lenders’ practices.
BJP’s Maharashtra win puts spotlight on PSU stocks; will momentum sustain till Budget 2025? (26-11-2024)
The BJP-led alliance’s Maharashtra win has renewed interest in PSU stocks, with momentum expected to build ahead of the Union Budget. While 39 of 59 BSE PSU index stocks fell post-June, notable gainers include NALCO (+62%), Mazagon Dock (+49%), and NTPC (+20%). Experts see stock specific trade going ahead unlike a secular rally of the past.
Breakout Stocks: How to trade HDFC Bank, Praj Industries & Kaynes Technology on Wednesday? (26-11-2024)
Indian markets closed marginally lower on Tuesday. The Nifty formed a bearish head and shoulder pattern, suggesting potential downside to 22,000. 24,500-24,700 is a strong resistance zone. Metals, telecom, and IT stocks gained, while healthcare, energy, oil & gas, auto, and utilities declined. HDFC Bank, Praj Industries, and Kaynes Technology hit new highs.
Stock market update: Power stocks down as market falls (26-11-2024)
The 30-share BSE Sensex closed down 105.79 points at 80004.06