Source: Live Mint Diffusion Engineers IPO: The initial public offering (IPO) of heavy welding consumable items maker Diffusion Engineers Limited was oversubscribed by over 114 times on the third and last day of issue. The mainboard IPO of the Nagpur-based company opened for subscription on Thursday, September 26, 2024, and closed on Monday, September 30,…
Source: Live Mint Swiggy, Hyundai Motor India, Acme Solar Holdings, Vishal Mega Mart, and Mamata Machinery got approval from the capital markets regulator SEBI to go ahead with their IPO plans. According to the latest update, the market watchdog issued observation letter to Swiggy, and Hyundai Motor India on September 24, and Vishal Mega Mart…
Source: Live Mint ICICI Securities, a brokerage house, has initiated coverage on Adani Energy Solutions and given it a ‘Buy’ rating. They have set a target price of ₹1,318, indicating a potential upside of around 31% from Monday’s closing price of ₹1,009.65 on the BSE. According to the brokerage’s analysis, Adani Energy Solutions is the…
Source: Live Mint Metro Brands Ltd’s shares are around ₹1,275 apiece, similar to the levels seen at the beginning of 2024. During this span, the Nifty 500 index has gained 25%. The footwear retailer is bearing the brunt of muted demand trends. Recall that lower number of auspicious dates for weddings and election-led disruptions had…
Source: Live Mint German emerging markets fund manager Mark Mobius is expecting that the Sensex may touch one lakh by the end of this year. “We are now on a long term bull market and I see sensex index going up to a 100,000,” Mobius said while speaking to CNBC TV-18. However, Mobius also mentioned…
Source: Live Mint Multibagger stock: Pitti Engineering share price has seen a remarkable 116% surge over the course of one year, providing multibagger returns for its investors. Specialising in components for rotating electrical equipment (motors) and precision machining, Pitti Engineering is an integrated manufacturer that contributes approximately 70% of a motor’s total value and around…
Source: Live Mint Expert View- Indian stock market valuations are considerably above their own historical average and versus Asian peers, said Abhiram Eleswarapu, Head of Equities, BNP Paribas talking to Mint. There is a high level of optimism as reflected in the strong domestic flows into equities and the interest in IPOs. Therefore Abhiram thinks…
Source: Live Mint On Monday, the Nifty Metal index increased by almost 2%, marking its seventh consecutive session of gains, driven by sharp uptick in global metal prices, particularly following China’s intended stimulus aimed at strengthening its economy. Metal stocks were skyrocketing in an otherwise volatile and sluggish market on Monday’s trade. At 12:30 IST,…
Source: Live Mint Indian auto stocks have made a strong comeback in recent sessions, following a period of significant underperformance throughout August and early September. The recent rally has been largely driven by two-wheeler stocks, buoyed by expectations of improvement in sales during the ongoing festive season and good rainfall across India. Amid the recent…
Source: Live Mint However, this “pain” is self-inflicted because, as of the latest reporting period, it holds nearly 17% of assets under management (AUM) as cash (money market). The only mutual fund with a higher cash allocation is Quant Mutual Fund, which holds 19% of the total AUM in cash. For PPFAS, the significant cash…