This will be the fifth and last public issue for the month of June, followed by CDSL, Tejas Networks, GTPL Hathway and Eris Lifesciences.
The moot question remains, is it easy to buy into multi-baggers? If yes, then all of us should have been wealthy by now. Let’s try to address the burning question in the mind of an investor.
The Securities and Exchange Board of India is looking to complete its probe at the earliest in the matter, which was first brought to its notice in 2015 by a whistleblower but the investigation gained pace only in the recent months.
On the volume front, 463.98 lakh shares of the company were traded on BSE and over 8 crore shares changed hands at NSE during the day.
The expert believes that there is no valuation comfort in most businesses and going forward, the market breadth will collapse and individual stocks will be in focus.
The case relates to some brokers allegedly getting preferential access through co-location facility at the NSE, early login and 'dark fiber' - which can allow a trader a split-second faster access to data feed of an exchange.
Besides, the board will consider a proposal to relax norms for the purchase of distressed assets. It also plans to ease the rules for direct registration of foreign investors and also fast-track the listing process for firms, including startups, as part of efforts to make the Indian stock market more attractive for domestic and overseas investments.
The IPO, looking to raise Rs 1,741 crore, received bids for 1,82,02,296 shares against the total issue size of 1,59,48,750, data available with the NSE till 1215 hours showed. Eris Lifesciences last week mopped up Rs 779 crore from 21 anchor investors.
If you are an investor in stocks which have already more than doubled so far in 2017, it warrants your attention now.
A look at top cues from domestic and international markets that could have a bearing on D-Street on Tuesday.
The entities, which were barred from the securities market, have now been given certain relaxations, including permission to deal in government securities and invest in ETF (exchange-traded funds).
Lenders have an exposure of more than Rs 5,000 crore to these accounts and more than 60% of which have been identified as NPAs.
Sources have told Moneycontrol that the regulator has initiated comprehensive investigation of NSE employees, brokers and any other entities seen to be involved in the case.
The company had on Tuesday raised nearly Rs 350 crore through issuance of shares to anchor investors.
A faster access to the trading system enables a trading member to execute trades quicker, and at the best rates prevailing at that time.
Research firm says the move will force banks to take a decision, but the procedure being a long one could be one of the biggest challenges.
Although much of it is actually factored in by markets but the future commentary would be something that will be eyed by investors across the globe including India.
According to a report on CNBC-TV18, approvals form Madhya Pradesh and Himachal Pradesh are awaited now.
Interestingly, around 18 percent of these stocks are from the financials space. This is followed by auto ancillaries, capital goods, chemicals and textiles.
P/E is a volatile indicator because it frequently changes with the slight change in either earnings or stock price.
Top 10 data points to help you spot profitable trade.
Midcaps have underperformed the Nifty for the first time in five months, reflecting the expensive valuations in certain pockets. Midcaps are trading at 7 percent premium to large caps.
The D-Street is reading the policy as more dovish than expected which is already showing in the banking stocks. The Nifty Bank hit a fresh record high in the last minutes of trade, led by gains in Federal Bank, PNB, ICICI Bank, Bank of Baroda etc. among others.
The company told the exchanges on Tuesday that the Board had approved the sale to Adani Power (Mundra).
Limaye’s contract with BCCI will end in August. Once the approval comes through, Limaye can request the Supreme Court to step down from the BCCI committee.