The FinTech Hub
Source: Live Mint Shares of Indian Bank rose by 6.54 per cent on November 25 after the Financial Services Institutions Bureau (FSIB) announced its recommendation of Binod Kumar as CEO and MD of the bank. At time of writing, the stock was at ₹566.80 per share, up 6.54 per cent since open, with market cap…
Source: Live Mint Sagility IPO: Sagility India’s public issue was oversubscribed 3.2 times on the final day. Retail investors lead the bidding round on the final bidding day of the public issue as the segment gets overbooked 4.07 times on Thursday, November 7. Further, the Non-Institutional Investors (NIIs) oversubscribed to the public offer 1.92 times….
Source: Live Mint In the special Muhurat trading session held on Friday, November 1, the Nifty Auto index closed over 1 percent higher, buoyed by a recovery in auto sales reported for October 2024. The festive momentum was reflected across the market, with Nifty Auto rising as much as 1.24 percent to 23,805.60, outperforming the…
Source: Live Mint Investors in Indian stocks are strategically timing their exits from one opportunity and identifying the right moment to enter another on expectations that a long-term bull run will continue to deliver better returns than all other asset classes. While timing an exit is pivotal for investors, many of those who are booking…
Source: Live Mint Shares of JTL Industries experienced a decline of over 7 per cent in intra-day trading on Friday, October 4, after the company board approved a stock split in the 1:1 ratio while it denied the proposal for bonus issue of shares. The stock split would involve splitting each equity share with a…
Source: Live Mint Shares of Gensol Engineering surged over 7 percent in intra-day trading on Thursday, September 26, following the announcement that the company’s promoter and managing director, Anmol Singh Jaggi, purchased 12,000 shares from the open market. This acquisition increased his stake in the company to 21.17 percent. “This is for the information of…
Source: Live Mint Adani Energy Solutions, part of Adani Group, has had a volatile 2024, with the stock down over 6 percent YTD. In the last one year, it gained just 14.5 percent. Despite this lacklustre performance, brokerage firm Cantor sees potential multibagger returns for the stock. It has initiated a call on the Adani…
Source: Live Mint Domestic brokerage house Centrum Broking has initiated coverage on the wealth management industry with two reduced calls on – 360 One WAM and Nuvama Wealth. The brokerage has a target price of ₹1,050 for 360 One, implying a downside of around 3 per cent, whereas for Nuvama, it has a target of…
Source: Live Mint First, a consultation paper published by the Securities and Exchange Board of India (Sebi) said in 2023-24, on average, 85 out of every 100 individuals trading in index derivatives, lost money. Once the cost of trading was taken into account, 90 out of 100 lost money. Second, the paper pointed out that…
