ET Poll: 3 sectors investors should focus on in 2025

ET Poll: 3 sectors investors should focus on in 2025

Within local equities, poll participants recommend a bigger exposure to large-cap stocks in 2025. Among sectors, most participants prefer banks, IT and pharma. HOW SHOULD RETAIL INVESTORS APPROACH MARKETS IN 2025? Agencies WHICH ASSET CLASS WILL OUTPERFORM IN 2025? Agencies WHAT SHOULD BE THE ALLOCATION TO EQUITIES IN 2025 LOOK LIKE? Agencies WILL FPIS REMAIN … Read more

Oyo’s share dips to Rs 55 despite strong second quarter profits

Oyo’s share dips to Rs 55 despite strong second quarter profits

The shares of Oravel Stays Limited, which owns and runs the brand Oyo are being traded in the Rs 53 to 55 range, translating to a valuation of nearly $ 4.4 billion. This is 28% below the high of Rs 77 per share it had touched in February 2024. The price had dipped to Rs … Read more

Waaree Energies IPO allotment finalised, GMP rises 90%. How to check status on BSE and Link Intime

Waaree Energies IPO allotment finalised, GMP rises 90%. How to check status on BSE and Link Intime

The Waaree Energies IPO share allotment has been finalized today following a strong response from the market, with its shares listing at a healthy premium of 90% in the unlisted market, down from 104%. Investors will receive debit messages from their banks regarding the allotment, which will be conducted on a lottery basis. The entire … Read more

Waaree Energies gets Sebi nod for IPO, fresh issue worth Rs 3,000 crore

Waaree Energies gets Sebi nod for IPO, fresh issue worth Rs 3,000 crore

Solar PV modules manufacturer Waaree Energies on Monday received market regulator Securities and Exchange Board of India’s (Sebi) approval for its proposed initial public offering (IPO). The company’s initial public offering comprises a fresh issue of equity shares aggregating up to Rs 3,000 crore and an offer for sale of up to 3,200,000 Equity Shares … Read more

No AGR relief, a higher proportion of telecom debt may get converted into equity: Balaji Subramanian

No AGR relief, a higher proportion of telecom debt may get converted into equity: Balaji Subramanian

Balaji Subramanian, AVP and telecom analyst, IIFL Securities, says that with the Supreme Court rejecting the telecom companies’ plea for re-computation of adjusted gross revenue (AGR) case, there is no relief in sight for telecom majors. If Vodafone Idea is able to complete its debt fundraising, then the capex programme should be on track and … Read more

UBS sells shares worth Rs 480 crore in Concord Biotech, IIFL Securities, 2 more stocks via block deals

UBS sells shares worth Rs 480 crore in Concord Biotech, IIFL Securities, 2 more stocks via block deals

UBS was on a selling spree on Friday as the Zurich-based bank and financial services company sold its holding in four stocks through UBS Principal Capital Asia Limited via block deals. The stocks included Concord Biotech, Five Star Business Finance, IIFL Securities and Marksans Pharma and the total share sale aggregated to Rs 480 crore. … Read more

Bajaj Housing Finance IPO subscribed 3x so far on Day 2; GMP rises to 90%

Bajaj Housing Finance IPO subscribed 3x so far on Day 2; GMP rises to 90%

The initial public offering (IPO) of Bajaj Housing Finance was subscribed over 3 times on the second day of bidding on Tuesday, led by strong demand from non-institutional investors (NIIs). On Day One, the issue was subscribed 2.02 times. At 11:09 am, the issue attracted bids for 2,17,98,61,352 shares, or 3 times against the issue … Read more

Bajaj Housing Finance issue opens tomorrow; GMP signals 73% upside

Bajaj Housing Finance issue opens tomorrow; GMP signals 73% upside

Bajaj Housing Finance is set to launch its initial public offering (IPO) on Monday, September 9. Ahead of the public issue, the grey market premium (GMP) for the company’s shares stands at Rs 51-52, indicating a potential upside of 73% above the issue price. The price band for the IPO has been fixed at Rs … Read more

Sebi slaps penalty of Rs 11 lakh on IIFL Securities in violation of stock brokers’ norms

Sebi slaps penalty of Rs 11 lakh on IIFL Securities in violation of stock brokers’ norms

Market regulator Securities and Exchange Board of India (Sebi) has imposed a penalty of Rs 11 lakh on IIFL Securities after finding the company in violation of stock brokers’ norms. Sebi conducted an inspection of IIFL Securities between August 18 and August 25, 2022 to look into various compliance requirements for the period beginning April … Read more

General Atlantic set to sell up to 5.1% stake in PNB Housing via open market on Wednesday

General Atlantic set to sell up to 5.1% stake in PNB Housing via open market on Wednesday

Mumbai: General Atlantic is set to sell up to a 5.1% stake in PNB Housing Finance through an open market transaction on Wednesday. According to a term sheet issued by IIFL Securities, General Atlantic Singapore Fund FII Pte will sell 1.33 crore shares at a floor price of Rs 775 apiece, aiming to raise Rs … Read more