Rapid Multimodal Logistics, based in Chennai, made its debut on the BSE SME platform with a 22.6% premium, listing at Rs 103 against an issue price of Rs 84. The IPO, fully subscribed with fresh equity of 10.11 lakh shares, was overbooked 300 times at close. The company reported revenues of Rs 71.
A total of 175,872 shares changed hands on the counter till 10:25AM (IST).
Manipur Chief Minister Biren Singh remains firm in his stance against creating a separate state for the Kuki community amid prolonged violence. He emphasized the historical integrity of Manipur and expressed willingness to develop hilly areas. Singh also mentioned ongoing talks involving the Centre to establish peace.
The SME IPO of Boss Packaging Solutions opened for subscription today and will close on September 3. The company seeks to raise about Rs 8.41 crore and list on the NSE SME platform. Investors should review 10 key details before subscribing. The shares had no grey market premium before the issue.
While lithium demand is about 1 million tons annually today, BNEF projects that it will reach 3 million by 2030 and over 6 million by 2050 under its economic transition scenario, which assumes no new policies will be implemented to accelerate the clean energy transition.
Arnab Das from Invesco EMEA discusses the ongoing industrial revolution driven by AI, cautioning about current market hype. While AI promises to boost productivity and efficiency, market valuations may be exaggerated. Companies like Nvidia are central to this change, yet broader economic factors and technological adoption pace will shape future outcomes.
Morgan Stanley and Goldman Sachs Group Inc., Intel’s longtime bankers, have been providing advice on the possibilities, which could also include potential M&A, the people said. The discussions have only grown more urgent since the Santa Clara, California-based company delivered a grim earnings report, which sent the shares plunging to their lowest level since 2013.
Lazarus Barla, a former India hockey player, received the 'Lifetime Achievement Award' at the Biju Patnaik Sports Award presentation. The ceremony also honored Paris Olympian Kishore Jena, coach Bijay Kumar Lakra, para-sportsperson Jafar Iqbal, 14-year-old athlete Priteesmita Bhoi, and technical official Rupanwita Panda with various awards for their contributions to sports.
Coffee from lesser-known producers like Peru and Thailand is becoming essential as climate change impacts main suppliers Brazil and Vietnam.
On August 29, four stocks from the Nifty200 pack appeared in the RSI Trending Up scan, according to the stockedge.com data.
Khosrowshahi said about 20% of South Korean taxi drivers were on the Uber Taxi platform, and that the number of passengers grew nearly 80% year-on-year during the first half of 2024, including a more than doubling of the usage by international travellers to South Korea since the rebranding.
Granules India Ltd, a pharma stock, has surged over 100% in the past year, recently breaking out from a Pole & Flag pattern on daily charts. Experts suggest short-term traders buy now for a target of Rs 777. The stock has shown strong performance and technical indicators suggest potential further gains.
On August 29, three stocks with a market cap over Rs 1000 crore came to the bullish scanner of "White Marubozu", according to stockedge.com's technical scan data.
Archit Nuwood is pricing its shares between Rs 257 and Rs 270 each, with a minimum bid of 400 shares per lot. In the unlisted market, the shares are trading at a grey market premium (GMP) of Rs 270, reflecting a 100% premium over the issue price.
First it was union minister Nitin Gadkari, who spoke about the need to remove the GST on life and health insurance. While his letter, which apparently was revealed without his permission but then there were some reports which suggested that the fitment committee will recommend it to the GST council to look at considering the waiver. Whether this happens or not it has to be seen. But one thing is for sure that the insurance sector is one sector where a narrative got created around overall opportunity... Читать дальше...
We have chosen two schemes from five different equity mutual fund categories - aggressive hybrid, large cap, mid cap, small cap and flexi cap schemes – which we believe should be enough for regular mutual fund investors. There are caveats: read till the end to ensure you are picking up the best scheme for you.
Premier Energies' shares are expected to be listed on the exchanges on September 3. In the unlisted market, the shares are trading with a grey market premium (GMP) of Rs 421, reflecting a 93% premium over the issue price.
The IPO of Baazar Style Retail opens for subscription later today and will be available until September 3. The IPO comprises a fresh equity issue of Rs 148 crore and an OFS of up to 1.76 crore shares by the promoter group and other selling shareholders. In the unlisted market, the company's shares are trading with a GMP of Rs 130.
Five-Star Business Finance Ltd. key Products/Revenue Segments include Interest, Income From Sale Of Share & Securities and Fees & Other Charges for the year ending 31-Mar-2024.
CreditAccess Grameen Ltd. key Products/Revenue Segments include Interest, Fees & Commission Income, Income From Financial Services, Bad Debts Recovery and Income From Sale Of Share & Securities for the year ending 31-Mar-2024.
Gold and silver futures at MCX traded lower on Friday, despite gains earlier in the week. Gold futures settled up 0.62% at Rs 72,188 per 10 grams on Thursday, while silver futures also rose 0.62% to Rs 87,049 per kilogram.
On August 29, the closing prices of three stocks from Nifty200 pack dropped by more than 2% relative to the VWAP, and a shift below the VWAP suggests a potential bearish trend.
Dynamic bond funds have the freedom to invest across securities and maturities depending on the outlook of the fund manager. So, when the rates go up, the fund manager might bet on short term securities as a rate hike will marginally impact them. When rates start falling, he will invest in long-term instruments to make money.
Sensex and Nifty50 reached record highs on Friday, buoyed by gains in Asian markets. The rally was led by banking and financial stocks. U.S. economic data showed a growth of 3% last quarter, easing recession fears. Investors are now focusing on U.S. inflation data and India's upcoming April-June growth figures.
