Tata Technologies was supposed to be one of the big success stories from the Tata Group‘s stable. When the stock debuted in November 2023, it delivered a dream listing, opening at a massive 140% premium over its IPO price. Investors rushed in, believing they were buying a high-quality engineering and R&D services company backed by … Read more
The International Finance Corporation is set to pocket hefty returns from Tata Capital‘s upcoming USD 2 billion (Rs 17,000 crore) initial public offering, as the World Bank Group arm looks to trim its stake in the non-banking finance company. The International Finance Corporation (IFC) will offload 3.58 crore shares in the offering, exiting part of … Read more
“The narrative has flipped overnight — from ‘sell emerging markets’ to ‘India is the safest haven amid global uncertainty’, which shows how quickly narratives can change,” says Kranthi Bathini, Equity Strategist at WealthMills Securities, commenting on the current market scenario. EXCERPTS Let’s start with Tata Technologies. The stock fell over 6% today after TPG Rise … Read more
Tata Group’s Tata Capital is one step closer to listing on Dalal Street, with reports indicating that the company approved its initial public offering (IPO) plans on Tuesday. According to a Reuters report, Tata Capital will issue 23 crore new shares, while some existing shareholders will exit through the offer for sale (OFS) route. The … Read more
BSE Midcap index has produced 12 gems since last Diwali, each delivering multibagger returns with 26 others yielding double-digit returns of 50% or more. There are 19 duds as well in the pack of 192 stocks which have fallen by up to 50% during this period. The 12 multibaggers are Indian Renewable Energy Development Agency … Read more
Keeping up with the massive buzz, Waaree Energies IPO received 97.34 lakh applications — the highest for any IPO in India’s primary market history to date. The previous record was held by Bajaj Housing Finance, whose IPO received around 90 lakh applications and Tata Technologies, which garnered 73 lakh applications. The Rs 4,321 crore IPO … Read more
IRFC Share Price 150.76 03:59 PM | 16 Oct 2024 -0.35(-0.23%) Suzlon Energy Share Price 75.05 03:59 PM | 16 Oct 2024 1.35(1.82%) IREDA Share Price 221.11 03:59 PM | 16 Oct 2024 -1.57(-0.71%) Tata Motors Share Price 907.45 04:00 PM | 16 Oct 2024 -9.85(-1.08%) YES Bank Share Price 21.15 03:59 PM | 16 … Read more
This week, 418 companies will release their June quarter earnings, including Jio Financial, Paytm, Bajaj Auto, Asian Paints, LTIMindtree, Infosys, Reliance Industries, Wipro, Union Bank of India, Kotak Mahindra Bank, Tanla Platforms, Tata Technologies, and YES Bank. Here’s the list of major companies that will announce their Q1 results this week: July 15Jio Financial Services, … Read more
The Indian market witnessed the biggest single day fall in over 4 years on Tuesday as the actual election results significantly deviated from the exit polls as well as expectations of market participants. The S&P BSE Sensex plunged over 4000 points while the Nifty50 closed below 22,000 to record its biggest single-session fall in over … Read more
Buoyed by positive investor sentiment and listing gains, more companies have shown their appetite to raise funds through the primary market in FY24 compared to the previous year. About 76 companies accessed the public markets in FY24, raising nearly Rs 62,000 crore through mainboard IPOs. This is 19% higher than the Rs 52,116 crore mobilized … Read more