Posts in category Economic Times
HDFC Bank exits Protean eGov Technologies; sells entire stake for Rs 150 crore (21-05-2024)
HDFC Bank sold 3.20% stake in Protean eGov Technologies. According to the bulk deal data available with the BSE, HDFC Bank sold 12,94,326 shares. The shares were offloaded at an average price of Rs 1,160.15 apiece
Sebi amends rule to facilitate ease of doing biz for cos planning IPOs (21-05-2024)
Rules mandate at least 20% of promoters’ shares to be locked in for a certain period of time post-listing after an IPO. This relaxation will help new-age technology companies as founders’ shareholding comes down usually after an IPO. Non-promoter shareholders excluding individuals holding more than 5% of the post-offer equity share capital can contribute towards the shortfall, Sebi said.
Ahead of Market: 10 things that will decide D-Street action on Wednesday (21-05-2024)
Benchmark equity indices recovered to close flat on Tuesday, with gains in metal stocks offsetting declines in other sectors following top consumer China's property-support measures.
Warburg Pincus to sell 3.5% stake in Apollo Tyres (21-05-2024)
Warburg Pincus subsidiary White Iris Investment is likely to sell a 3.5% stake in Apollo Tyres on Wednesday. It aims to raise Rs 1,040 crore. The deal size is 2.24 crore shares.
Market Trading Guide: Aditya Birla Fashion among 2 stock recommendations for Wednesday (21-05-2024)
Indian shares recovered to close flat on Tuesday, with gains in metal stocks offsetting declines in other sectors. The S&P BSE Sensex closed 0.07% lower at 73,953, while the NSE Nifty50 index ended above the 22,500 level. Indian Bank has shown bullish trend on the daily chart with the breakout of an Inverse Head and Shoulders pattern. Aditya Birla Fashion witnessed a notable breakout of a pattern called the Cup and Handle, suggesting a likely uptrend ahead.
Ethereum skyrockets 22% amid speculation of ether ETFs approval (21-05-2024)
This upward movement propelled Ethereum's market cap to $453.2 billion. The surge in the cryptocurrency comes amid speculation about the outcome of applications for US spot exchange-traded funds tracking the world's second-biggest cryptocurrency. The rise can also be attributed to rumours suggesting that the Securities and Futures Commission could approve these products. Over the past seven days, Ethereum has experienced a significant increase in value, rising by 32%.
These 5 Tata group companies see highest PAT growth in Q4. Do you own any? (21-05-2024)
ETMarkets.com analysed stocks that have done the best in terms of profit growth on a year-on-year (YoY) basis.
BHEL Q4 Results: Net profit declines over 25% YoY to Rs 489.6 crore (21-05-2024)
State-owned Bharat Heavy Electrical Ltd (BHEL) on Tuesday reported an over 25 per cent decline in its consolidated net profit to Rs 489.62 crore in the March quarter, mainly due to higher expenses.
Sobha Ltd aims Rs 10,000 crore increase in equity capital over next 5 years (21-05-2024)
After the Rs 2,000 crore rights issue, the company’s equity base will increase to Rs 4,500 crore. Earlier this year, the board of Sobha Ltd approved raising Rs 2,000 crore through a rights issue to increase the equity of the company and fund the growth.
JK Tyre Q4 Results: Net profit zooms 54% YoY to Rs 172 crore (21-05-2024)
JK Tyre & Industries on Tuesday said its consolidated net profit increased 54 per cent to Rs 172 crore for the fourth quarter ended March 31, 2024, on account of higher sales. The tyre maker had reported a net profit of Rs 112 crore in the year-ago period.