Nova Agritech, one-stop solution provider by offering ecologically sustainable and nutritionally balanced products, would be hitting the primary markets with its initial public offering of nearly Rs144 crore on January 25th. The IPO comprises fresh equity issue worth Rs112 crore and an offer for sale (OFS) of 77.5 lakh shares. Nova Agritech has fixed a price band of ₹ 39-41 per share for its IPO. Investors can bid for 365 shares in 1 lot and in multiples thereafter. Catch Nickey Mirchandani in conversation with Kiran Kumar Atukuri, Managing Director & K. Srinivas Gunupudi, Chief Financial Officer of Nova Agritech Limited live on Moneycontrol to know more.
Domestic markets exhibited volatility in intraday deals on Thursday ahead of the monthly F&O expiry. An expected 25 bps rate hike by the US Federal Reserve also weighed on the sentiment. The S&P BSE Sensex from a high of 66,984, tumbled to a low of 66,120 - down over 850 points from the day's high. Catch Nandita Khemka and Yatin Mota as they talk about the newsmakers on her radar including M&M and Colgate among others only on closing bell.
Nifty rebounds from day’s low; hovers around 19,700. Mid & smallcaps continue to outperform; trade in the green. Metals, Auto and pharma among top sectoral movers. Nifty gainers: Hindalco, Tata Steel, JSW Steel, NTPC, Tata Motors. Nifty losers: Asian Paints, ITC, Britannia, IndusInd, SBI & L&T. ITC extends slide even as brokerages positive on hotel biz demerger. Tata Motors to report strong Q1; strong JLR margins expected. L&T subdued ahead of Q1 earnings; to consider buyback today. TVS Motor surges post strong Q1; Margins above 10% for 7th quarter. Catch Yatin Mota and Nandita Khemka as they talk about the newsmakers on her radar including Asian Paints and Bajaj Auto among others only on closing bell.
It was a volatile day on Dalal Street, with the Nifty slipping below 19,700. FMCG and metal stocks were under pressure, whereas, PSU Banks, pharma and auto were among the top sectoral gainers. The Nifty gainers include Dr Reddy’s, SBI Life, IndusInd Bank, M&M and Coal India. Among the Nifty losers are ITC, Kotak Bank, Tech Mahindra, RIL, Britannia and HUL. Broader markets were mixed, with smallcaps outperforming. RIL slipped on subdued performance in O2C business, whereas, the ICICI Bank gained after strong Q1. Catch Nandita Khemka talks about the newsmakers on her radar including ITC & Kotak Mahindra BK among others only on Closing Bell.
India has put restrictions on wheat, sugar exports. Global rice prices rise to 7 week highs Catch Manisha Gupta live on Commodities.
Market Live: Watch Sumit Mehrotra on Moneycontrol for all the latest market news and analysis
Market Live: Watch Yatin Mota on Moneycontrol for all the latest market news and analysis.
Sensex and the Nifty have moved to the red towards the end with IT stocks dragging the market, while PSU Bank sector remains steady. Shares of online gaming stocks such as Nazara Technologies and Delta Corp suffered massive losses in early trade on Wednesday after the GST Council shocked the industry by levying a 28 percent uniform GST on online gaming, casinos and horse racing. Nandita Khemka & Yatin Mota discuss the newsmakers on their radar including TCS and Titan among others, only on Closing Bell.
Sensex closed at 159.40 points higher at 63,327.70, Nifty added 61.20 points at 18,816.70. Top Nifty gainers included Tata Motors, HDFC Life, HCL Technologies, Power Grid Corporation and Eicher Motors, while losers were Bajaj Finance, Bajaj Finserv, Sun Pharma and Divis Labs. All sectors ended in the green. The power index was up 1%, while auto, realty, metal and information technology each gained 0.5% . Watch Yatin Mota on Moneycontrol for all the latest market news and analysis.
HPCL is engaged in the business of refining crude oil and marketing petroleum products.
CEO Thierry Delaporte attributed the revenue growth decline in constant currency terms during the quarter to the uncertainty in the market and the resulting slowdown in discretionary spending.
The promoter family now holds 41.88% stake in the healthcare provider.
The initial share sale, which opens for subscription on March 13, will close on March 15, the company said in a statement. The IPO comprises fresh issuance of 85.20 lakh equity shares and an Offer For Sale of up to 25.5 lakh equity shares by promoters — Mayank Shah and Sweta Shah.
In value terms, 5G grew 78 per cent for the mobile industry in 2022, but Samsung said it grew over 100 per cent. The company, however, did not share the absolute revenue numbers.
Investors usually see bumper buybacks as supporting stock prices. But they may not be the bullish signal they appear
"There is no change in either the schedule or the issue price. All our stakeholders including bankers and investors have full faith in the FPO. We are extremely confident about the success of the FPO," Adani Enterprises said.
The stock dipped 1.01 per cent to settle at Rs 3,286.20 apiece on the BSE. During the day, it fell 2.67 per cent to Rs 3,231.
Expensive valuations, China’s reopening and a question mark over earnings are short term niggles, but the long term equity story remains intact
Lighthouse India Fund III sold 1.84 crore shares in ten tranches at an average price of Rs 182 apiece, as per the block deal data available with the BSE.
Also, the markets watchdog proposed to enhance the threshold for companies to buyback shares from their free reserves, reduce the cooling-off period between two buybacks under the tender route and shift the tax incidence fully to the share-tendering shareholders rather than the companies concerned.
Retail investors are pouring money into mutual funds like never before, but that does not seem to be reflecting in the bottomlines of the listed AMC. To the tell us why that is happening Deepak Shenoy, founder and CEO of Capital Minds joins Santo & CJ to decode the sector. Plus hear the duo's thoughts on Data Patterns and Hawkins Cooker.
According to bulk deal data available with BSE, the private equity firm sold 1,66,80,000 shares, amounting to 0.54 per cent stake in the company.
These are the stocks that will possibly be in the spotlight during trading hours on October 31, Monday. We explain the reasons why these stocks are buzzing before the Opening Bell and the factors that could come into play in trade. Check out this curated list of buzzing stocks from the Moneycontrol markets team and why they are in the news.
Nifty rose for the third successive day as it eyes new highs by Diwali. Watch Santo & CJ discuss the factors responsible behind the ongoing resurgence in the market and share their thoughts on stocks like Tata Elxsi, Navin Fluroine, and Patanjali Foods.