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New Delhi: Reflecting strong momentum, India witnessed 19 initial public offers worth $1.84 billion in the fourth quarter of 2020 and market sentiment remains positive in what could be a stellar 2021, according to a report. Leading consultancy EY’s India IPO Trends Report: Q4 2020 showed that there were a total of 10 Initial Public […]
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Stove Kraft Ltd, manufacturer of kitchen appliances, has raised a little over Rs 185 crore from anchor investors ahead of its initial public offer, which will open for subscription on Monday. A total of 48,22,290 shares have been allotted to 32 anchor investors at Rs 385 apiece, which is the upper end of the price band. […]
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Billionaire Mukesh Ambani’s Reliance Industries on January 22 reported a better-than-expected 12% rise in December quarter net profit on improving oil-to-chemical business, strong continued momentum in retail and steady telecom unit Jio. Consolidated net profit in October-December stood at Rs 13,101 crore, compared to Rs 11,640 crore net earning in the same period a year […]
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Jio Platforms recorded 15.5% quarter-on-quarter rise in net profit to Rs 3,489 crore for October-December 2020, its parent firm Reliance Industries Limited said on Friday. Jio Platforms, which provides digital and telecom services, had posted a net profit of Rs 3,020 crore in the previous quarter. The revenue of the company stood at Rs 22,858 […]
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Analysts on Dalal Street maintained their bullish view on the domestic equity market after the benchmark equity index BSE Sensex scaled 50,000 for the first time on January 21. Their views came after the market witnessed spectacular bull run from the lows of March 2020, when the market tanked due to the nationwide lockdown. The […]
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Global brokerage firm CLSA is most bullish on Max Financial Services in the insurance space. It was followed by SBI Life then HDFC Life Insurance and ICICI Prudential Life Insurance Company. In its report on January 19, CLSA said that private life insurers have recovered well from the pandemic with positive APE (annual premium equivalent) […]
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The benchmark equity index BSE Sensex scaled another psychological level of 50,000-mark for the first time on Thursday. Heavy buying in index heavyweights including Reliance Industries, Bajaj Finance and ICICI Bank lifted the sensex past 50,000.Overall, the index has gained around 95% from the lows of March 24, 2020, when the market tanked due to […]
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How will the markets react to the budget announcements. Money9 takes a look
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Billionaire investor Radhakishan Damani hiked stake in at least two smallcap companies during the September-December quarter when the benchmark BSE Sensex and NSE Nifty indices jumped nearly 25%. Latest data available with stock exchanges showed that Damani and his family held 21.14% stake in India Cements as of December 31, up from 20.40% in the […]
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DII refers to ‘Domestic Institutional Investors’. DIIs invest in financial assets and securities of their home country. They use pooled funds to trade in securities and assets. These investments are are influenced by political and economic trends in the country. In addition to foreign Institutional investors (FII), the DIIs also play a decisive role in […]
