Finance related news
Muthoot Microfin, a non-banking financial company (NBFC) focusing on micro-loans for women in rural India, recently made its stock market debut on December 26. However, the initial performance was disappointing, with the stock listing at a 5.5 percent discount to its issue price of Rs 291. This article delves into the details of Muthoot Microfin’s…
“Watch your words, speak in a way that suits a political leader,” Union Minister Nirmala Sitharaman cautioned Udayanidhi Stalin over his ‘father’s money’ remark. In response to Tamil Nadu Minister Udhayanidhi Stalin’s remark about “father’s money,” Union Finance Minister Nirmala Sitharaman warned the latter to “watch his words” on Friday. In response to reports that…
Motisons Jewellers held an initial public offering (IPO) on December 18–20, with a lot size of 250 shares, and a price range of Rs 52–55 per share. On Thursday, December 21, Motisons Jewellers is expected to make an announcement regarding the basis for the share allotment. By Friday or over the weekend, bidders will receive…
Happy Forgings sold its IPO in the price band of Rs 808-850 per share with a lot size of 17 shares, which was open for bidding between December 19 to December 21. SUMMARY Happy Forgings is expected to make an announcement on Friday, December 22, regarding the basis for sharing its shares. Over the weekend,…
Stock Market Today: Sensex settled over 1,000 points lower at 70,385.09, while the Nifty 50 closed 21,106.40, down 346 points today Current Stock Market: As bears took hold of D-Street in the late afternoon on Wednesday, December 20, the domestic benchmark indices, the Sensex and Nifty 50, settled with significant losses. Market watchers believe that…
The majority of analysts think the stock is worth buying. They appreciate the company’s dedication to high-quality products, innovation, and competitive pricing in the market for its target market. The issue was subscribed 93.52 times with investors buying 82.64 crore shares against an IPO size of 88.37 lakh shares, as per data published by the…
Kfin Technologies Ltd. is the registrar of the Inox India IPO. Through the IPO allotment status, investors can ascertain the number of shares they have been allotted. Date of Inox India IPO Allotment: The allocation of shares for the Inox India IPO has been completed. The registrar’s portal or the websites of the stock exchanges,…
With a move past the previous resistance zone of Rs. 22,40, YES Bank has seen a respectable gain. Its bias has also improved as volume participation has increased. Vedanta has experienced a moderate decline to pass the significant 200-day mark, but it has slowly and steadily rebounded from the low made near the Rs 211…
Motisons Jewellers IPO: With only a 2.74 crore equity share fresh issue component, the Chhabra family-owned jewelry manufacturer hopes to raise a total of ₹151.09 crore through its initial public offering at the upper price band. The initial public offering (IPO) of Motisons Jewellers began today, Monday, December 18, and will end on Wednesday, December…
JM Financial outlined the four main tenets of Tata Power’s recalibration strategy, which include selling low-value companies and taking advantage of high-margin group captive renewables opportunities. On Thursday, Tata Power Ltd. shares reached a new high of 9% after brokerage JM Financial upgraded the stock from a “hold” rating to a “buy.” Furthermore, the brokerage…