The IPO of Deepak Builders and Engineers will open for subscription on October 21 and close on October 23, with a price band of ₹192-203 per share. The offering includes a fresh equity sale of ₹217 crore and an offer for sale (OFS) of 21 lakh shares.
Posts in category Economic Times
Marcellus orienting portfolios towards bottom-up stock picking: Rakshit Ranjan (16-10-2024)
Rakshit Ranjan of Marcellus Investment Managers highlights the need for bottom-up stock picking due to markets running ahead of fundamentals. He discusses sector-specific challenges, mentioning that certain retail and manufacturing stocks may face earnings underperformance. He also touches on auto sector transitions and the current valuations of battery and specialty chemical companies.
Danish Power announces IPO dates, price band in largest SME offering this year (16-10-2024)
The initial public offering (IPO) of Danish Power, the largest in the SME segment this year, will open for subscription on October 22 and remain available until October 24. The company aims to raise nearly ₹198 crore through the IPO, which consists entirely of a fresh equity sale of 52.08 lakh shares.
Investors cheer IPO announcement from Waaree Energies as GMP hints at multibagger gains (16-10-2024)
Waaree Energies IPO opens on October 21, priced at Rs 1427-1503. Grey market premium is around Rs 1350, indicating a potential multibagger listing. The company plans to use funds for a 6 GW manufacturing facility in Odisha and general corporate purposes.
HCL Technologies, Oberoi Realty among 6 large & midcap stocks that hit 52-week highs on Wednesday (16-10-2024)
Indian stocks fell Wednesday as investors weighed disappointing company earnings and foreign fund outflows, despite a drop in crude oil prices.
RIL, Power Grid among top 10 Diwali picks from JM Financial with upside potential up to 30% (16-10-2024)
As the festive season sparks optimism in the markets, JM Financial has identified a selection of stocks with the potential for significant returns. The domestic brokerage firm believes these picks could deliver gains of up to 30%, offering investors a chance to capitalize on the positive market sentiment.
How will be crude price movement in near term? Jonathan Barratt answers (16-10-2024)
If you look at OPEC and their announcements in terms of usage, they continue to revise the fact that consumption is actually going down over time. And we do hear that coming from them.
Buy State Bank of India, target price Rs 1,000: ICICI Securities (16-10-2024)
ICICI Securities has maintained a buy call on State Bank of India at a price target of Rs 1,000 and says value unlocking / monetisation (YES/NSE) could be near-term triggers.
Lakshya Powertech IPO booked over 30x so far on Day 1. Check GMP & other details (16-10-2024)
Lakshya Powertech’s SME IPO has been in high demand, with the issue being subscribed 30 times on the first day, driven by retail and non-institutional investors. The company’s shares are seeing a significant premium in the unlisted market. Funds from the IPO will be used for debt repayment, working capital, and general corporate purposes.
Info Edge shares drop 1.54% as Sensex falls (16-10-2024)
A total of 1,251 shares changed hands on the counter till 02:03PM (IST)