Technology platform Meesho raised Rs 2,440 crore from 125 anchor investors on Tuesday ahead of its initial public offering (IPO) which opens on Wednesday, December 3. The company allocated 21.98 crore shares at the upper price band of Rs 111 apiece. Out of the 21.98 crore shares, 9.37 crore shares accounting for 42.63% of the … Read more
India’s second-largest IT services company Infosys‘ Rs 18,000 crore share buyback window will open on Thursday, November 20 and will close on Wednesday, November 26. The company received shareholders’ approval on November 6 for the share buyback up to ten crore fully paid-up equity shares. Infosys will buy the shares at a price of Rs … Read more
HDFC Securities has assigned a target price of Rs 4,243 (9.2% upside). The company’s consolidated order pipeline for the remainder of FY26 stands at around Rs 14.8 lakh crore, including an infrastructure segment pipeline of Rs 8 lakh crore. Major projects span energy, infrastructure, heavy civil, renewables, water, defence, and international hydrocarbons. Management expects 10% … Read more
“We cannot have an economy where credit growth slows down to 10-11% and the economy grows at 6.5-7%. But if you just look at what is starting to happen is there was a deficit of liquidity of about three lakh crores and just recently we seem to see that there are signs of the central … Read more
“The large private sector banks is one such pack, while there are of course near term headwinds, credit growth has slowed down, there are pockets of asset quality stress, and margins have been under pressure, we believe that the valuations for that largecap banking space specifically the private sector banks is possibly more than capturing … Read more
HCL Technologies. Share Price 1364.10 03:59 PM | 08 Dec 2023 36.10(2.71%) LTIMindtree. Share Price 5708.70 03:59 PM | 08 Dec 2023 141.50(2.54%) JSW Steel. Share Price 839.35 03:59 PM | 08 Dec 2023 20.21(2.46%) Apollo Hospitals Enterprise. Share Price 5555.35 03:59 PM | 08 Dec 2023 93.96(1.72%) Infosys. Share Price 1491.15 04:05 PM | … Read more
The initial public offer (IPO) of Cello World will open for subscription on Monday. The company has fixed a price band of 617-648 per share for its offer. Ahead of the issue opening, the company’s shares are commanding a healthy premium of Rs 90 in the unlisted market. The stationery maker has raised Rs 567 … Read more
MUMBAI: Benchmark indices snapped two-week winning streak and net lost over 1% in the week-ended October 20. The rising US bond yields, firm crude oil prices, and weak earnings from IT majors were some of the factors that weighed on the market sentiment. The coming truncated week is likely to bring in volatility as a … Read more
With the momentum indicator RSI displaying positive divergence, Kotak Mahindra Bank stock may be poised for a bullish move. “The stock has a visible support level at 1700, which is acting as a cushion for the bulls. This support level is crucial for maintaining the bullish sentiment. Given the strong buying, positive RSI divergence, and … Read more
Shares of SBFC Finance debuted at a healthy premium of 44% on the exchanges in Wednesday’s trade. The stock listed at Rs 82 on NSE over the IPO price of Rs 57 apiece. The stock then went on to rally another 11% in intraday trade, taking the listing day gains to over 60%. Analysts said … Read more