Mumbai: Locked-in shares of at least 10 companies could find their way into the open market in September as the deadline for investors to compulsorily hold these shares bought through pre-Initial Public Offer (IPO) placements ends. Computer Age Management (CAMS), Concord Biotech, SBFC Finance, Happiest Minds, Route Mobile, and Chemcon Speciality, are among the companies … Read more
Mutual funds were net buyers in Indian equities in May, adding stocks worth Rs 2,447 crore as compared to selling Rs 4,533 crore in shares in April. In the smallcap space, some of the major additions to the portfolios during the month include Jupiter Wagons, Nexus Select Trust Mall, Carysil, Chennai Petroleum Corp and Faze … Read more
Indian IT companies are going through a tough phase amid macro headwinds and cautious client spending. Most of the IT heavyweights reported disappointing earnings in the fourth quarter and flagged a worsening outlook, at least in the near term. In this scenario, ICICI Direct has picked two stocks — Persistent Systems and Happiest Minds from … Read more
by Srinivas Iyengar One of the most awaited technologies on the verge of moving out of laboratories and set to enter commercial production is nanotechnology. There is so much buzz about nanotechnology that industries, from cosmetics, healthcare, and automobiles to aerospace, expect big disruptions due to nanotech. In the race for nano supremacy, I see … Read more
NEW DELHI: Shares of Happiest Minds, which had in September last year made a stellar 111 per cent listing gain, may offer an upside of up to 20 per cent from the prevailing level, according to Nomura India. The recent market debutant, whose shares were issued at Rs 166 a piece five months ago, hit … Read more