The FinTech Hub
Source: Live Mint Breakout stocks to buy or sell: Despite the US stock market climbing a new peak on Friday’s session last week, the Indian stock market ended lower on Monday as investors reacted to more Q2 results 2024. The Nifty 50 index ended 112 points lower at 24,741, the BSE Sensex shed 73 points…
Source: Live Mint Waaree Energies initial public offering (IPO) has opened for bidding today, October 21, and will remain available to investors until Wednesday, October 23. The company aims to raise ₹4,321.44 crore through this IPO, which comprises a fresh issue of 2.4 crore shares aggregating to ₹3,600.00 crore and an offer for sale of…
Source: Live Mint Waaree Energies initial public offering (IPO), which opened for subscription on October 21, was subscribed over 3.32 times on the first day of bidding. The public offer will remain open till October 23. By 5 PM on the first day of bidding, the public issue received 6,98,85,360 applications against offered 2,10,79,384 shares….
Source: Live Mint Mumbai: A silver futures contract on commodity derivatives exchange hit the ₹100,000-per-kg mark for the first time on Monday, rising in tandem with record-high gold prices, buoyed by a cut in one-year prime loan rate by China to boost its sagging economy and a higher gold-silver ratio, which increases headroom for silver…
Source: Live Mint Expert view: Sahil Shah, Managing Director (MD) and Chief Investment Officer (CIO), Equirus, believes one or two quarters of earnings misses or external events could disrupt the Indian stock market in the short term. However, corporate earnings in the broader market can double over the next four to five years, with small-cap…
Source: Live Mint The Indian stock market is seeing increased foreign capital outflows as the ‘sell India, buy China’ strategy gains momentum. China’s latest stimulus package, unveiled in September and October, includes reductions in reserve requirements, mortgage rate cuts, and liquidity injections. It is aimed at boosting overall economic growth and has drawn substantial investor…
Source: Live Mint As the initial public offer (IPO) of Lakshya Powertech closed for subscription last week, the focus has now shifted to its allotment status. Lakshya Powertech IPO allotment is expected to be finalised today. The ₹49.91 crore IPO, which was open for subscription from October 16 to October 18 garnered a whopping 573.36…
Source: Live Mint Tech Mahindra Ltd, which is undergoing a transformation, saw decent performance in the September quarter (Q2FY25). True, expectations were quite low. Still, a gradual revival in key verticals was welcome. Sequential constant-currency revenue grew 0.7% in Q2FY25 – beating the consensus estimate of 0.4% – led by the communication vertical, followed by…
Source: Live Mint Shares of RBL Bank came under significant selling pressure during the trading session on Monday, October 21, falling 14.5% to hit a 16-month low of ₹175.50. The decline was driven by the bank’s disappointing September quarter performance, which highlighted challenges in the unsecured credit segment. The weak results prompted several brokerages to…
Source: Live Mint Shares of Havells India Ltd have fallen 6% after the company’s lacklustre September quarter (Q2FY25) results, weighed down by rising costs in raw materials, staffing, and advertising & promotion (A&P). The company, which reported earnings announced last week, saw its revenue grow 16.5% year-on-year. Ebitda growth, however, remained under 2%, prompting analysts…
