Zomato and Paytm are in talks for Paytm’s movie and events business, but neither company has confirmed a final deal or valuation. Zomato wants to buy Paytm’s movie and events business to strengthen its “Going-out” section. The estimated value of the deal is between ₹1,500 crore and ₹2,000 crore. This […]
IPO type: Offer for Sale (OFS) – This means existing shareholders (Hyundai Motor Company) will be selling their shares, and the company itself won’t raise any capital. Issue size: Up to 142.2 crore equity shares, representing 17.5% of the post-offer paid-up equity share capital. Potential valuation: Experts estimate the IPO […]
Ixigo share seems their IPO listing is exceeding expectations. Here’s a breakdown based on the current time (13:02 IST, June 18, 2024): Ixigo share price: The stock has hit the 20% upper circuit, which means it’s currently trading at its maximum permissible limit for the day. This indicates strong demand […]
Sensex and Nifty opened higher on Tuesday, gaining around 0.3% each by 12:21 PM. Top gainers on NSE were Wipro, Titan, Adani Enterprises, M&M and LTIMindtree. Major laggards included Maruti, Dr Reddy’s Lab, Kotak Bank, Divi’s Lab and Apollo Hospitals. Sensex: As of now, the Sensex is trading at 77,195.64, […]
Cooling Industrial Output: Factory production growth has slowed down compared to earlier in the year.This creates an interesting dynamic in their economic recovery.This could be due to factors like a slowdown in global demand or efforts to control debt and pollution within China. Positive Retail Spending: Consumer spending has grown […]
Indian Defense Sector Boom Increased government focus on self-reliance is driving growth. Defense stocks surged after Rajnath Singh’s tweet. Domestic production has doubled since 2014. Three Potential Stocks with Large Order Books (over Rs 100 bn) While I cannot provide specific financial advice, here are three companies often mentioned […]
IRDAI Approval: The Insurance Regulatory and Development Authority of India (IRDAI) accepted Paytm General Insurance’s application to withdraw its registration for becoming a full-fledged general insurance company. Shift to Distribution: Instead of creating their own insurance products, Paytm will now focus on distributing insurance policies offered by other companies. They’ll […]
Sensex and Nifty ended the day with modest gains after reaching record highs earlier in the trading session. Sensex closed 204 points higher at 76,811, a rise of 0.27%. Nifty ended 76 points up at 23,399, representing a gain of 0.33%. The markets were initially strong, with Sensex reaching a […]
Today Top Gainer Symbol Open High Low Prev. Close LTP Volume(Shares) COALINDIA 481 494.3 479.35 476.35 489.6 1,54,12,796 POWERGRID 319.9 327.1 316.9 316.55 324.25 2,03,46,144 EICHERMOT 4,765.00 4,873.45 4,745.00 4,758.65 4,845.00 5,23,152 SBILIFE 1,428.10 1,461.80 1,425.80 1,428.05 1,452.95 18,23,958 TECHM 1,364.80 1,381.00 1,357.15 1,349.45 1,371.75 27,86,009 SHRIRAMFIN 2,534.75 2,583.45 2,530.55 […]
Indian snack company, is indeed considering an Initial Public Offering (IPO) to raise funds. This comes after negotiations to sell the company to foreign investors stalled due to valuation disagreements. Reason for IPO: Haldiram’s is looking to raise capital for expansion, product diversification, and potentially technological and infrastructural advancements. Failed […]