Posts in category Economic Times
Big movers on D-Street: What should investors do with Paytm, PB Fintech and EaseMyTrip? (27-09-2024)
The benchmark Sensex surged 666 points to a new record high on Thursday, driven by buying in auto and banking stocks, buoyed by gains in global markets. Notable performers included Paytm, PB Fintech, and EaseMyTrip.
Saj Hotels IPO: Check issue size, price band, GMP and other details (27-09-2024)
Saj Hotels’ SME IPO opens for subscription today and will close on October 1. The company aims to raise Rs 27.6 crore by issuing 42.5 lakh shares at a price band of Rs 435-458 each. The proceeds will be used for property expansion, working capital, and other corporate purposes.
HVAX Technologies IPO opens today: Check issue size, price band, GMP and other details (27-09-2024)
HVAX Technologies’ SME IPO opens today, aiming to raise Rs 34 crore through a fresh equity issue of 7.32 lakh shares. The price band is set at Rs 435-458 per share. The company specializes in controlled environment infrastructure and cleanrooms for various industries. The IPO closes on October 1, with listing expected on October 7.
BikeWo GreenTech shares to list on NSE SME platform today: Here’s what to expect (27-09-2024)
BikeWo GreenTech shares are set to debut on the NSE SME platform today, trading at a grey market premium of Rs 7. The company plans to use the IPO proceeds for electric two-wheeler sales, setting up dealership stores, debt repayment, and general corporate purposes. BikeWo recently diversified into the electric vehicle market.
Dollar drifts, risk-sensitive currencies lifted by China optimism (27-09-2024)
The dollar faced its fourth consecutive week of declines as investors assessed U.S. data and anticipated interest rate cuts. China’s stimulus measures supported risk-sensitive currencies. The Federal Reserve’s recent focus shift to maintaining a healthy labor market also influenced the dollar’s performance, while the euro and other currencies held steady near multi-year highs.
SD Retail shares to debut on NSE SME platform today: What to expect (27-09-2024)
SD Retail shares are set to debut on the NSE SME platform today, with a grey market premium indicating a likely listing premium of 15%. The company, known for its ‘Sweet Dreams’ sleepwear brand, plans to use the IPO proceeds for capital expenditure, working capital, and general corporate purposes.
Here’s why Ajay Bagga is bullish on two-wheeler stocks (27-09-2024)
And in terms of domestic, I think the next one-year story is the recovery in the rural demand, that is coming through very strongly. We know the capex. We know the public infrastructure build-out, the impact of that. You are seeing 20% better taxes year on year. All those benefits of the infrastructure build-out are coming through.
What is the right portfolio allocation as equities look toppish? Sandip Sabharwal answers (27-09-2024)
Sandip Sabharwal underscores the need for careful portfolio allocation, recommending gold for non-US residents. He evaluates the auto sector’s dynamics, Trent’s future outlook, and the disparity between largecap and smallcap stocks. Sabharwal advises against lump sum investments amid current market conditions and highlights the cyclical nature of different asset classes.
Phoenix Overseas IPO listing today: Here’s what to expect (27-09-2024)
Phoenix Overseas is set to debut on the NSE SME platform with a grey market premium indicating a likely listing premium of 23%. The IPO saw strong demand, being oversubscribed over 100 times. The company trades and exports agricultural products and manufactures fashion accessories, reporting revenues of Rs 90.63 crore for the year ending March 2024.