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Source: Live Mint P N Gadgil Jewellers, on Monday, said that it has raised ₹330 crore from anchor investors a day before its initial public offerings (IPO) open for subscription on September 9. According to the exchange filing, the company has allocated 68,74,999 equity shares to anchor investors at ₹480 per share. “The IPO Committee…
Source: Live Mint Shree Tirupati Balajee Agro Trading Company Limited’s initial public offering (IPO), through a book-building process, opened for subscription on Thursday, September 5, and ended on Monday, September 9. The public offer was oversubscribed 68.98 times on the final day. Investors bid for 98.70 crore shares compared to the 1.43 crore shares available….
Source: Live Mint A renewed wave of dip buying spurred a rebound in stocks after a selloff triggered by economic concerns, with traders now looking to this week’s inflation data for clues on the size of Federal Reserve rate cuts. All major groups in the S&P 500 advanced, with the benchmark up about 1%. About…
Source: Live Mint Stocks to buy: On Monday, September 9, Indian stock market benchmarks the Sensex and the Nifty 50 finished with strong gains. The Sensex closed at 81,560, rising by 376 points, or 0.46%, while the Nifty 50 increased by 84 points, or 0.34%, ending at 24,936.40. “The domestic benchmark indices opened on a…
Source: Live Mint Indian stock market: On Monday, September 9, the Indian stock market benchmarks, the Sensex and the Nifty 50, posted solid gains. The Sensex closed at 81,560, marking an increase of 376 points or 0.46 percent, while the Nifty 50 ended the day at 24,936.40, up 84 points or 0.34 percent. “Nifty Index…
Source: Live Mint The Dow Jones rose 0.52%, the S&P 500 added 0.62%, the Nasdaq rose 0.87% Read Full Article
Source: Live Mint Share Samadhan initial public offerings (IPO), which opened for subscription on September 9, was subscribed over 1.10 times on the first day of bidding. The small and medium enterprise (SME) IPO received 25,55,200 bids against offered 23,28,000. Share Samadhan, formerly known as Tiger Island Hospitality Private Limited, was established in 2011. The…
Source: Live Mint “Speculators may do no harm as bubbles on a steady stream of enterprise. But the position is serious when enterprise becomes the bubble on a whirlpool of speculation. When the capital development of a country becomes the by-product of the activities of a casino, the job is likely to be ill done,”…
Source: Live Mint Krishnan VR, Chief of Quantitative Research team at Marcellus, believes that valuations of Indian markets are clearly quite extended both compared to history and across various sectors and stocks. However, he opined that as long as mid- and small-cap stocks deliver on expected earnings growth, there won’t be any valuation derating. He…
Source: Live Mint While the quality of life in Melbourne is superior, it comes at a heavy price — both literally and metaphorically. “We miss family and the general lack of community the most. Australia is a lonely country. That’s the primary reason we want to move back,” said Saurabh. “Also, the cost of living…
