Posts in category Economic Times
DEE Development Engineers IPO gets subscribed 99.56 times (21-06-2024)
The portion for qualified institutional buyers received a whopping 201.91 times subscriptions while the category for non-institutional investors got subscribed 144 times. The part for retail individual investors (RIIs) received 23.42 times subscriptions.
Morgan Stanley buys 1.7 cr shares of Axis Bank for Rs 2,083 crore (21-06-2024)
According to bulk deal data from the NSE, Morgan Stanley acquired 17,000,000 shares, representing a 0.5% stake in Axis Bank. The shares were purchased at an average price of Rs 1,225.75 each, totalling Rs 2,083.77 crore.
Ola Electric is said to face investor pushback on IPO valuation (21-06-2024)
Ola Electric Mobility is encountering resistance from investors regarding its targeted valuation for the upcoming initial public offering. According to sources familiar with the matter, the company's founder is aiming for a valuation of up to $7 billion in the Mumbai listing. However, initial feedback from investors suggests a valuation closer to $5 billion. The sources requested anonymity as the information is not public.
Prestige Estates board approves Rs 5,000 crore fundraising plan via QIP or other modes (21-06-2024)
The funds would be raised in one or more tranches. The company plans to monetise assets of the hospitality segment through Prestige Hospitality Ventures Limited, a wholly-owned subsidiary of the company, by way of the issue of shares (through primary or secondary markets or both).
S&P 500, Nasdaq slip ahead of PMI data (21-06-2024)
The Dow Jones Industrial Average rose 73.75 points, or 0.19%, at the open to 39,208.51.
Tech View: Nifty chart shows bearish candle formation. What traders should do on Monday (21-06-2024)
Nifty struggled to hold above the day’s opening range, indicating bullish sentiments going sore on the Summer Solstice Day, observed experts.
Hindustan Aeronautics, Piramal Enterprises among 5 stocks with long unwinding (21-06-2024)
Long unwinding involves selling stocks held for a prolonged period, either to lock in profits or in anticipation of a bearish market. During Friday's session, five stocks experienced long unwinding.
Stock market update: Sugar stocks down as market falls (21-06-2024)
The 30-share BSE Sensex closed down 269.03 points at 77209.9
SBI Life, Indus Towers among 5 stocks with short covering (21-06-2024)
Short covering indicates a reversal in sentiment from highly bearish to bullish. During Friday's trading, five stocks experienced significant short covering activities, reflecting this shift in market outlook.
Stock market update: Nifty Realty index falls 0.74% (21-06-2024)
The Nifty Realty index closed 0.74 per cent down at 1131.9.