Ola Electric Mobility Ltd’s proposed public issue opens on Friday at a scaled-down valuation. The initial public offering (IPO) pricing values India’s largest electric scooter maker at $4 billion, about 25% discount to the valuation based on the last private funding round in September. In fact, the valuation is also […]
Hero Motocorp
Stocks to buy: Last week, the Indian stock market benchmark, Nifty 50, surged by over 2%, marking the fourth consecutive week of gains. This upward momentum was driven by strong performances from key heavyweights, including Reliance Industries, HDFC Bank, and Mahindra & Mahindra. The Nifty 50 formed a long bullish […]
The industry body Association of Mutual Funds of India (AMFI) classifies largecap companies as those ranked from 1-100 in market capitalization. As per the classification, Midcap companies are the next from 101-250, while those ranked from 251 onwards are classified as Smallcap companies. Hero MotoCorp, Zydus Lifesciences, JSW Energy, NHPC, […]
Indian stock market: Market indices, Sensex and the Nifty 50, snapped their three-day gaining streak on Monday, due to profit-taking at elevated levels amidst negative global indicators. After initially rising, both the Sensex and the Nifty 50 reached new intraday peaks but eventually declined due to profit-taking, in line with […]
Reconsidering its earlier portfolio in light of the unexpected election results, brokerage house Prabhudas Lilladher believes portfolio allocations and future policies of NDA government will be a key determinant of market movements. Severe jolt to BJP in Uttar Pradesh (new PDA social engineering), Maharashtra (fractured parties) and West Bengal will […]
Hero FinCorp IPO: The ₹4,000 crore IPO has been approved by Hero FinCorp, the financial services division of India’s largest two-wheeler manufacturer, Hero MotoCorp, according to a May 29 company release. The IPO will consist of both a fresh issue of shares and an offer for sale made by existing […]
Motorcycle manufacturers, farm-equipment makers and producers of fast-moving consumer goods have rallied following forecasts of timely and above-normal monsoon rains in 2024, after extreme and unseasonal heat wreaked havoc on Indian agriculture in the last two years. Sales volumes in rural areas are improving and several major consumer goods firms […]
Piramal Enterprises: The company announced its decision to merge with its unlisted subsidiary Piramal Capital & Housing Finance, thus avoiding a mandatory public share sale by the unlisted arm. The merger is expected to be completed in nine to 12 months. Bank of Baroda: The RBI lifted restrictions on Bank […]