BUSINESS
2022 IPOs: Investors learn profitability, not narrative, is the key
A majority of the new issues in 2022 were either fully priced or overpriced. That did not seem to matter much when the market was booming. But as globally sentiments for equities soured, markets became a great teacher.
BUSINESS
Qualified institutional placements lose the charm as volatility dampens market sentiment
Fundraising through QIPs declined 72 percent year on year (YoY) -- its steepest fall since 2018. IPOs, on the other hand, have been a popular route this year. However, even IPO mop-ups have fallen dramatically, compared with 2021
BUSINESS
BSE MidCap, SmallCap indices turn negative so far in 2022, trade in red in 6 out of 7 sessions
In the last six sessions, BSE MidCap lost over 6.3% and BSE SmallCap declined 7.8%. Year to date, both indices have slid 0.7% and 6% respectively
BUSINESS
This little-known stock posts biggest surge with shares rising 2,277% this year
Shares of this coal trading and infrastructure company have surged more than 20 times this year. Beginning 2022 at Rs 3, the share price is now Rs 70
BUSINESS
Bajaj Finance shares trail Sensex, Nifty for the first time in 14 years
Bajaj Finance Ltd, the non-banking financial company (NBFC) with a focus on consumer loans, has underperformed the benchmark Sensex and Nifty indices in 2022, the first time it has done so in 14 years. The company has been a darling of investors despite valuations being steep at times
IPO
Elin Electronics IPO to open on December 20; issue size reduced to Rs 475 crore
The IPO consists of a fresh issue of Rs 175 crore and an offer for sale of up to Rs 300 crore
BUSINESS
Around 75% of public issues floated in 2022 set to end the year in green
Adani Wilmar is the top-performing IPO trading around 174 percent higher than its issue price, while ASG Transact posted a 57 percent decline in stock price. Among other notables, Life Insurance Corporation and Delhivery stocks are down 34 percent each.
MARKETS
Seven penny stocks that surged 1,000% or more in 2022
The stocks are Kaiser Corporation, Hemang Resources, Alliance Integrated Metaliks, KBS India, Sonal Adhesives, Beekay Niryat and Ashnisha Industries.
EARNINGS
MC Interview: Rupee likely to be less volatile next fiscal, says Crisil economist Dipti Deshpande
The US Federal Reserve is considering a slower pace of rate hikes, which could imply lower spill-over risks to the rupee.
EARNINGS
Upbeat Indian markets pin hopes on Union Budget to keep bears at bay
In the past 10 years, on the Budget day, both the Sensex and the Nifty declined five times while they closed higher the other times. In the previous two years, the two benchmark indices closed higher
IPO
Sula Vineyards sets IPO price band at Rs 340-357 per share
The anchor investors bidding will start on 9 December. The firm will start crediting shares on 21 December and the stock will be listed on exchanges on 22 December.
EARNINGS
Domestic investors do about-turn, sell equities worth Rs 6,300 crore in November
From being buyers in the domestic equity markets, DIIs appear to be taking some money off the table as equity markets make record highs. Since the beginning of 2022, DIIs have been buying at an average of over Rs 35,000 crore every month. The pace has slowed down from June 2022.
EARNINGS
Five stocks accounted for over 50% of increase in Nifty’s market cap
The rally over the past two months was not broad based, with limited participation by mid-cap and small-cap stocks.
EARNINGS
Foreign funds send MCap for BSE-listed companies to record Rs 287 lakh crore
Sensex and Nifty hit record highs on Tuesday. Indian markets are defying global weakness and touching all-time levels on the back of renewed interest from FIIs as the Indian decoupling story continues to play out, said one analyst.
EARNINGS
Cement sector to stage demand, earnings recovery: Brokerages
The cooling of fuel costs and the Union government’s construction spree in the run-up to the 2024 general elections are expected to help margins and volumes.
EARNINGS
Investors in new-age firms suffer Rs 2-lakh-crore dent in wealth since listing
New-age company stocks have started falling again since last week after the lock-in period for Nykaa and Delhivery shares held by pre-IPO investors lapsed
MARKETS
Five state-run lenders ride on stocks rally to enter 10 most-valued banks league
Analysts attributed the rally in PSU bank stocks to robust earnings, higher credit growth and improvement in asset quality.
BUSINESS
Record High Today: Index may appear relatively cheap, but for how long?
As the Western world is facing recession, some impact will also be on Indian companies. This may lead to plateauing of earnings growth or even a contraction. This along with any further rise in Sensex levels will eventually lead to the expansion of PE.
EARNINGS
Sensex@all-time high: Buffett smell test shows Indian equities fairly valued amid frothy global markets
However, the situation could sour if exports drop or there is a flight of capital due to a narrowing rate gap between the US and India, or global oil prices gallop.
EARNINGS
Equities likely to keep up the rally riding on price drop in crude oil, commodities
The latest steep fall in oil and metal prices, along with plentiful sowing in both the kharif and rabi crop seasons, is certain to push inflation lower in the next couple of months, according to analysts
EARNINGS
Investors await Kaynes Technology listing today as defence IPOs fetch heavy returns
Grey market premium of the Kaynes Technology trading massive 40 percent higher or at Rs 235 a share. The IPO has set an issue price at Rs 587 a share
EARNINGS
Debt repayment gets harder for small-cap, midcap companies, finds a Moneycontrol analysis
Midcap and small-cap companies are facing challenges and earnings have not recovered as expected amid accelerating inflation and interest rate increases
EARNINGS
Hindustan Zinc approves second interim dividend of Rs 15.50 for FY23
The total dividend payout will be worth Rs 6,500 crore. November 24 is the record date for the same.
MARKETS
Nifty100 ESG underperforms Nifty so far this year
Analysts say the underperformance of the Nifty100 ESG index is due to poor returns on IT stocks like Tata Consultancy Services, Infosys, HCL Technologies and Wipro and financial heavyweights including the HDFC twins and Kotak Mahindra Bank
