Ola Electric IPO: The initial public offering of Ola Electric Ltd is the next big awaited issue that the D-Street looks forward to. The Securities and Exchange Board of India (SEBI), the capital market regulator, gave the Bengaluru-based Indian electric two-wheeler maker its approval for the IPO in June. In […]
Corporate investments in fixed assets remained robust during FY24, despite the hike in interest rates, backed by their cash flows. A Mint analysis of consolidated financials of over 1,800 companies showed that the cash flow for purchase or creation of fixed assets (CFA) by these companies, or simply capex, increased […]
Stylam Industries (SYIL), one of India’s top four laminate manufacturers, has given its investors multibagger returns. The company commands approximately 8% of the overall market share. It stands as the second-largest laminate exporter in India, with exports accounting for about two-thirds of its total revenues. Since March 2023, the company’s […]
After an over 250 percent returns in the last 1 year, domestic brokerage house Geojit Financial Services has initiated coverage on realty stock Sobha with a ‘sell’ call. The brokerage has a target price of ₹1,714 for the stock, implying a potential downside of over 15 percent. “Sobha’s residential segment […]
Stock market today: Nifty 50 hit its fresh all-time high of 24,443.60 while the Sensex made a fresh peak of 80,397.17 during the session. Nifty 50 ended the day at 24,433.20, rising 113 points, or 0.46 per cent. The Sensex settled with a gain of 391 points, or 0.49 per […]
The market gave better-than-average returns despite it being ‘an election year’. Investors looking for stability shifted their focus to strong fundamentals and a few promising sectors rather than betting on the overall market. With the economy battling inflation and high interest rates, companies had to find a way to take […]
The Association of Mutual Funds in India (AMFI) last week released the new stock categorization list, highlighting the changes in largecap, midcap and smallcap. According to the semi-annual categorization of AMFI for H2CY2024, the threshold for largecap stocks has now increased to ₹84,300 crore from ₹67,000 crore in December 2023. […]
The Street’s expectations of a significant revival in the revenues of information technology services companies have now been pushed to FY26. Consequently, the Nifty IT index has underperformed the Nifty 50 index so far in 2024. Sure, recent commentary from global IT giants Accenture and Cognizant suggest that demand has […]
The first reaction to the general election result was negative with a 5.9% decline in the Nifty index on June 4, though the market ended last quarter up 9.7% from where it closed that day. The initial reaction was no surprise since the failure of the BJP to obtain the […]
Ambey Laboratories IPO allotment date: The Ambey Laboratories IPO share allotment will be finalised today (Tuesday, July 9). The investors who applied for the issue can check Ambey Laboratories IPO allotment status on the registrar’s – Link Intime India Private Ltd – portal. The Ambey Laboratories IPO opened for subscription […]