Unichem Laboratories share price surged up to 4.1 5 per cent at Rs 671.55 per share on the BSE in Monday’s intraday trade
September set to be busiest month for IPOs in 14 years: RBI Bulletin (23-09-2024)
The Reserve Bank of India stated in its monthly bulletin that September is set to be the busiest month for IPOs mainboard and SME in 14 years, with over 28 companies entering the market so far. In the primary equity market, there is a surge of interest in small and medium enterprises (SMEs) initial public offerings (IPOs), including from domestic mutual funds, with massive oversubscriptions. 54 per cent of IPO shares allotted to investors were sold within a week of listing. RBI further noted that a growing number of listed companies are turning to qualified institutional placements for raising capital, estimated at around ₹60,000 crore in the first eight months of 2024. With intermittent corrections on global cues, benchmark indices in the secondary market have moved up, and the outlook remains bullish.
Tata Motors – DVR (23-09-2024)
based on my limited understanding, MF had no tax implication from this merger (as against retail investor who were facing significant tax) hence they probably didnt intervene. As to the merger ratio, I think the discount narrowed to 30% only after merger was announced…so they didnt have much to complain on that front either.
Buy Bharat Heavy Electricals, target price Rs 370: ICICI Securities (23-09-2024)
ICICI Securities has recommended a buy on Bharat Heavy Electricals with a target price of Rs 370. The company’s current market price is Rs 271.
Shree Cements share price up 1.29 per cent (23-09-2024)
A total of 147 shares changed hands on the counter till 11:15AM (IST).
Stock market update: Power stocks up as market rises (23-09-2024)
The 30-share BSE Sensex was up 198.49 points at 84742.8
Glenmark Pharma shares soar 8% on FDA clean report, Investec predicts 17% upside (23-09-2024)
The global brokerage firm said that it expects both earnings momentum and importantly cash flow generation to continue. Additionally, it sees Glenmark as more of an India / RoW play as these two contribute >70% of its EBITDA.
HFCL up 6%, at 52-wk high on deal to supply drone parts to General Atomics (23-09-2024)
HFCL is developing drone detection radar, which is expected to become a crucial element in modern drone detection systems.
Indian Oil Corp. stock price up 1.49 per cent as Sensex climbs (23-09-2024)
As of 30-Jun-2024, promoters held 51.5 per cent stake in the company, while FIIs held 7.79 per cent and domestic institutional investors had 2.38 per cent.