NSE Investments will sell up to 20.31% stake in Protean eGov Technologies via an OFS. The floor price is set at Rs 1,550. The OFS will open for non-retail investors on Friday and for retail investors on Monday. NSE Investments is a wholly-owned subsidiary of NSE.
Posts in category Economic Times
These 5 stocks hit 52-week highs, rallied up to 15% in a month (21-11-2024)
Despite the market downturn, five stocks from the BSE500 index reached their 52-week highs. A 52-week high signifies the highest price a stock has achieved in the past year, providing important insights for traders and investors.
Gold jumps Rs 1,400 to Rs 79,300 per 10 gm; silver remains flat (21-11-2024)
Gold prices jumped Rs 1,400 to Rs 79,300 per 10 grams in the national capital on Thursday due to fresh buying by jewellers and retailers, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity had closed at Rs 77,900 per 10 grams in the previous session.
Crizac, Belrise Industries file draft prospectus papers to raise funds through IPO (21-11-2024)
Crizac and Belrise Industries have filed DRHPs for their IPOs. Crizac, a student recruitment solutions provider, aims to raise Rs 841 crore through an OFS. Belrise Industries, an automotive component manufacturer, plans to raise Rs 2,150 crore through a fresh issue to repay debt.
LIC’s Adani portfolio declines by Rs 8,683 crore in one day amid sell-off (21-11-2024)
LIC, holding stakes in seven Adani Group companies, saw an Rs 8,683 crore erosion in its holdings on Thursday due to the Adani Group’s stock price decline following the US bribery allegations. Adani Enterprises suffered the most, with a Rs 2,962 crore loss in LIC’s holdings. Adani Ports followed with a Rs 2,959 crore loss.
Goldman Sachs sees Nifty climbing to 27,000 in 2025, upgrades IT to overweight (21-11-2024)
Goldman Sachs predicts a 15% recovery in Indian equity markets in 2025, with the Nifty 50 reaching 27,000. The brokerage has upgraded IT and pharma to overweight and market weight, respectively, citing improving demand, a weaker rupee, and defensive attributes. It expects these sectors to drive the market’s recovery.
Sebi abolishes 1% security deposit requirements in public issues (21-11-2024)
Markets regulator Sebi on Thursday abolished the requirement of a mandatory security deposit with the exchanges before a public issue in a bid to facilitate ease of doing business for issuer companies. The move will be applicable with immediate effect, the Securities and Exchange Board of India (Sebi) said in a circular.
NSE, BSE refute reports of reduced stocks for margin funding, confirm no changes made (21-11-2024)
NSE and BSE refuted claims of removing 1,010 stocks from the MTF list. The MTF eligibility list is updated monthly based on objective criteria like liquidity. The exchanges clarified that the acceptance of collateral follows a risk-based approach to ensure efficient clearing and settlement processes.
Stock market update: Stocks that hit 52-week highs on NSE in today’s trade (21-11-2024)
Kiri Industries, Artemis Medicare, Vijaya Diagnostic, Dynamic Cables and Jash Engineering, hit their fresh 52-week highs during the day.