Brigade Hotel Ventures files DRHP for Rs 900 crore IPO

Brigade Hotel Ventures files DRHP for Rs 900 crore IPO

Brigade Hotel Ventures Limited, a wholly-owned subsidiary of Brigade Enterprises, has submitted its Draft Red Herring Prospectus (DRHP) to the Securities and Exchange Board of India (SEBI) with the objective of raising Rs 900 crore through an initial public offering (IPO). The company plans to allocate the Net Proceeds for several strategic purposes including to … Read more

Brigade Hotel Ventures files DRHP for Rs 900 crore IPO

Brigade Hotel Ventures files DRHP for Rs 900 crore IPO

Brigade Hotel Ventures Limited, a wholly-owned subsidiary of Brigade Enterprises, has submitted its Draft Red Herring Prospectus (DRHP) to the Securities and Exchange Board of India (SEBI) to raise around Rs 900 crore through an initial public offering (IPO). This offering consists of a fresh issuance of equity shares with a face value of ₹10 … Read more

Budget 2024: Realty sector expects higher outlay for PMAY, home loan interest deduction limit raise

Budget 2024: Realty sector expects higher outlay for PMAY, home loan interest deduction limit raise

A higher Budget outlay for Pradhan Mantri Awas Yojana (PMAY), re-introduction of 100% tax holidays on construction of affordable houses and increasing the interest deduction limit on home loans are some of the demands of the real estate industry from the government in this year’s budget. A slew of favourable announcements in this sector could … Read more

Realty stocks jump over 7% after RBI MPC leaves repo rate unchanged

Realty stocks jump over 7% after RBI MPC leaves repo rate unchanged

Realty stocks jumped up to 7.2% on Friday after the rate-setting committee of the Reserve Bank of India (RBI) left the repo rate unchanged for the seventh time in a row. Mahindra Lifespace Developers gained the most in the Nifty Realty index. The other top gainers were Godrej Properties, Oberoi Realty, DLF, Brigade Enterprises, Macrotech … Read more

Realty index closes at 15-year high, ‘stocks a buy on dips’

Realty index closes at 15-year high, ‘stocks a buy on dips’

Mumbai: Real estate stocks were among the top performers on Thursday as the bullish momentum in the sector drove the share prices of many of them to record levels. The Nifty Realty index soared 6.76% – its largest single-day jump since September 2021 – to its highest closing in 15 years as against the Nifty’s … Read more

Corporate actions this week: L&T, Maruti Suzuki to go ex-dividend, Piramal Pharma right issue and more

Corporate actions this week: L&T, Maruti Suzuki to go ex-dividend, Piramal Pharma right issue and more

There are a host of corporate actions scheduled for this week. L&T, Crisil, Coforge, Maruti Suzuki and Kotak Mahindra Bank will trade ex-dividend, while Piramal Pharma‘s rights issue’s ex-date is fixed this week. The ex-dividend date is when the price of the equity shares of a company gets adjusted for the dividend payout. It is … Read more

Midcap party to continue: 5 reasons why & 10 stocks to bet on

Midcap party to continue: 5 reasons why & 10 stocks to bet on

After the underperformance during the January-March quarter, benchmark Nifty50 delivered gains over April and May. The index is now set to surpass the lifetime high of 18,887.60 it scaled in December last year. While Nifty50 will take an upward trajectory, midcap stocks are likely to see stronger momentum. “We expect broader markets to accelerate upward … Read more

2 stocks Pankaj Pandey is bullish on from NBFC sector

2 stocks Pankaj Pandey is bullish on from NBFC sector

“So not major challenges we see from earnings growth perspective given the fact that most of the bigger sectors, especially banking are sort of firing all cylinders,” says Pankaj Pandey, Head Research, ICICIdirect.com.While everything is looking good, Nifty is up 10% from the recent low, Bank Nifty double digit gains. Are you a bit surprised … Read more

Weekly Top Picks: 7 stocks with consistent score improvement and upside potential of up to 55%

Weekly Top Picks: 7 stocks with consistent score improvement and upside potential of up to 55%

In addition to these scores, the report also contains trend analysis, peer analysis and mean analysts’ recommendations to help an investor make better & informed investment decisions. Synopsis In the last month of high volatility and repeated attacks by bears, while the nifty has corrected, there are still some pockets where stocks have seen an … Read more

Rate sensitive stocks rally up to 3% after RBI hikes rates by 50 bps

Rate sensitive stocks rally up to 3% after RBI hikes rates by 50 bps

NEW DELHI: Rate sensitive stocks gained on Wednesday after the Reserve Bank of India (RBI) hiked repo rate – the rate at which it loans money to banks — by 50 basis points to 4.90 per cent in order to tackle elevated inflation. Most bank stocks, which are among the most sensitive stocks with respect … Read more