Pace Digitek, a recently listed renewable and telecom infrastructure company, is in the spotlight after global investment giant Morgan Stanley picked up nearly 12 lakh shares in the open market. The move has boosted investor sentiment in a counter that debuted modestly on the bourses — listing at around a 4% premium to its issue … Read more
Over the past two years, investors have witnessed a wave of flexible workspace providers entering the capital markets. From Awfis Space to Indiqube and Smartworks, a string of operators have launched IPOs, driven by a structurally bullish outlook for new-age workspaces. WeWork India is the latest to join this trend with a Rs 3,000 crore … Read more
Infosys shares tumbled close to 6% on Friday as the company’s muted outlook after its third-quarter results prompted investors to cut their bets. “While Infosys reported decent numbers, the management expects a muted fourth quarter which led to the slide in the stock,” said Dharmesh Kant, head of research, Cholamandalam Securities. “Given that Infosys was … Read more
Radiant Cash Management Services Limited made a decent debut on the bourses on Wednesday. The stock listed at Rs 103 on the National Stock Exchange, a premium of 9.57% compared to the issue price of Rs 94 per share. Meanwhile, on BSE, the stock debuted at a premium of 5.64% at Rs Rs 99.30. Ahead … Read more
New Delhi: The Rs 388-crore initial public offering (IPO) of Radiant Cash Management received a muted response from investors as the issue was subscribed only 11% on Day Two of the bidding process. The company is selling its shares in the range of Rs 94-99 apiece between December 23 and 27, with a lot size … Read more
One of the sectors that emerged strongly in terms of earnings growth as well as an investment theme on Dalal Street has been specialty chemicals. However, the volatility in equity markets this year, triggered by the hawkish monetary policy measures by central banks amid spiralling inflation have seen stocks in this space lose some sheen. … Read more
Shankar Sharma backed-Annapurna Swadisht’s Rs 30.25 crore initial public offering (IPO) kicked off for subscription on Thursday, September 15. The Kolkata-based FMCG firm will sell its shares in the range of Rs 68-70 apiece, with a minimum lot size of Rs 2,000 shares amounting to Rs 1.4 lakhs, which is the minimum and maximum amount … Read more