Booking Financial News

RK Swamy sailed through on the first day of the bidding process. The issue, which closes on March 6, was booked 1.01 times so far, led by strong interest from retail and non-institutional investors. The retail portion of the IPO was subscribed 4.1 times, followed by NIIs at 1.02 times. The IPO comprises fresh equity sale of 60 lakh shares and an offer for sale of 87 lakh shares.

₹499 to ₹524 per equity share. Azad Engineering shares were listed on BSE and NSE on 28th December 2023 at a whopping premium of around 35 percent. However, Azad Engineering share price continues to scale upside after a strong debut on Dalal Street.

Bajaj Holdings & Investment Ltd. fell 1.95 per cent to Rs 8867.4 in Monday's trade as of 01:54PM (IST) even as the benchmark Nifty ruled at 22397.9, up 19.5 points. The scrip had closed at Rs 9044.35 in the previous session. The stock quoted a 52-week low of Rs 5791.05 and a high of Rs 9355.0. The company quoted a market-cap of Rs 98784.12 crore on the BSE.

Max Healthcare Institute Ltd. fell 1.72 per cent to Rs 754.75 in Monday's trade as of 02:09PM (IST) even as the benchmark Nifty ruled at 22416.25, up 37.85 points. The scrip had closed at Rs 768.0 in the previous session. The stock quoted a 52-week low of Rs 412.0 and a high of Rs 909.0. The company quoted a market-cap of Rs 73290.26 crore on the BSE.

Also Read: 11 power stocks including Adani Green Energy, NHPC gained between 20% and 110% in 3 months; check full list Going forward, the sharp bull run in PFC and RECL is likely to continue as per the projections made by domestic brokerage firm Elara Securities. The brokerage has identified the following four key growth levers for power financiers: 1] Renewed interest in thermal capacity addition following the Government of India's announcement regarding the addition of 80 GW and the emphasis on grid stability.

₹43,500 crore and ₹80,700 crore, respectively. This is even though the former’s market share is at 16% versus about 8% of the latter. A deep dive into the comparative financials of the two reveals the reasons.

Shankar Sharma portfolio: Ace investor in the Indian stock market, Shankar Sharma has bought a fresh stake in MOS Utility shares. As per the information available on the NSE website, Shankar Sharma bought 1,48,800 shares of the NSE SME stock. After the outbreak of this stock market news, MOS Utility shares witnessed strong buying interest in the morning session and the stock touched an intraday high of ₹172.40 apiece, which turned out a new 52-week high for the SME stock.

BSE data. RK Swamy IPO retail investors portion has been subscribed 2.26 times, Non Institutional Investors (NII) portion is booked 52%, and Qualified Institutional Buyers (QIB) portion is yet to be booked. The employee portion has been subscribed 16%.

Godrej Properties (GPL) and DLF, which realty stock has better long-term investment opportunities. Both DLF and Godrej Properties have outperformed the benchmark this year so far. While DLF has risen almost 29 percent in 2024 YTD, GPL has advanced 24 percent in this period.

Bharat Forge Ltd. traded at Rs 1182.8 on BSE at 11:46AM (IST) on Monday, up 0.18 per cent. The stock quoted a 52-week low price of Rs 744.0 and a high of Rs 1330.0. Earlier in the day, the stock saw a gap up opening.

DLF Ltd. traded 0.76 per cent up at Rs 930.0 on Monday at around 10:30AM (IST), while the benchmark BSE Sensex advanced 136.59 points to 73942.74. As many as 49,526 shares changed hands on the counter with a total value of Rs 4.6 crore.

Adani Power Ltd. rose 0.43 per cent to Rs 559.0 in Monday's trade as of 10:35AM (IST) even as the benchmark Nifty ruled at 22429.55, up 51.15 points. The scrip had closed at Rs 556.6 in the previous session. The stock quoted a 52-week low of Rs 166.25 and a high of Rs 589.3. The company quoted a market-cap of Rs 215622.17 crore on the BSE.

ACC Ltd. rose 0.32 per cent to Rs 2708.65 in Monday's trade as of 10:40AM (IST) even as the benchmark Nifty ruled at 22430.7, up 52.3 points. The scrip had closed at Rs 2699.95 in the previous session. The stock quoted a 52-week low of Rs 1593.5 and a high of Rs 2759.95. The company quoted a market-cap of Rs 50890.35 crore on the BSE.

RK Swamy IPO: The initial public offering (IPO) of RK Swamy Limited is going to hit the Indian primary market today. The public issue will remain for subscribers till 6th March 2024. The integrated marketing communications company has fixed the RK Swamy IPO price band at ₹270 to ₹288 per equity share.

Sean Ellis is famed for coining the phrase “growth hacking” back in 2010 to showcase how technology upstarts rapidly grow their customer base. Ellis’s book ‘Hacking Growth’, co-authored by Morgan Brown, is a playbook for companies pushing for sustainable growth, derived from his experience of working at startups like Dropbox, Eventbrite, Lookout in their early stages. ET sat down with Ellis on the sidelines of Bangalore Growth Fest hosted by marketing services firm IncrementumX to discuss his plans in India, the growth-at-all-cost mindset among startups, and tech valuations. Edited excerpts. How did you come up with the phrase growth hacking? Back in 2010, I wrote a blog post where I recommended hiring a growth hacker for startups. Somebody needs to be focused on getting people in the door to have experiences with the product and build a brand. In a startup, you don't have that luxury, so trying to scrutinise every single activity you do, every single dollar you spend can impact your ability to acquire and retain customers. Then Andrew Chen (general partner and venture capital fund Andreessen Horowitz) wrote a blog post around six months later… where he said growth hacker is the new VP of marketing. That’s when it took off.

ARCIL) has bought nearly ₹400 crore worth of bad loans or non-performing assets (NPAs) of Saraswat Bank with a haircut of nearly 86%. Saraswat Bank, one of the largest cooperative banks in the country, sold the NPA portfolio comprising retail and micro, small and medium enterprises (MSME) loans as a clean-up for future growth capital. The bank has concluded the sale of the NPA portfolio it had announced in the previous quarter. Initially planning to sell assets amounting to ₹410 crore, Saraswat Bank later reduced the pool to ₹385 crore, seeking bids on a 100% upfront cash basis as it wanted to clean up its loan book for future growth. BOB Capital Markets was the process advisor.

LIC Housing Finance Ltd (LICHFL) plans to raise funds through green bonds in the next financial year with an aim to finance environmentally-sustainable housing projects. “Green financing is something that we will look at the next year and we would deploy the fund for financing green housing projects," LIC Housing Finance managing director and chief executive Tribhuwan Adhikari was quoted by PTI.

AI) and Deepfakes, External Affairs Minister S Jaishankar has stated that these pose a threat to India’s national security. “When we think of security, it is not just the defence of the borders, it is not countering terrorism alone…. But there is the daily routine which is so susceptible today to manipulation and this is growing,” Jaishankar said during a discussion about his latest book organised by India’s leading public policy body Ananta Aspen Centre here on Saturday evening. “Today foreign interference in this country is growing. It is important for the average person to understand how the world is changing because it is an era of AI and deepfakes,” he said.

passenger safety. Kiran Verma, Founder of Simply Blood, shared his harrowing experience where the driver assaulted him in front of his son, highlighting the need for action against such behavior. Incident Details Verma recounted the incident where the driver demanded extra payment in cash, leading to a confrontation. Despite Verma's attempts to resolve the situation peacefully, the driver became aggressive, culminating in him slapping Verma twice. The incident left Verma's son distressed and traumatized.

report by The Guardian. Also Read | Top news of the week: Rameshwaram Cafe blast, BJP candidate list for LS polls out, Anant-Radhika pre-nuptial bash Shetty, a businessman-turned-monk, claims his life took a dramatic turn after encountering a monk who inspired him to pursue a spiritual path. He spent three years in an ashram before transitioning to self-help guru, sharing his insights through podcasts, books, and even officiating Jennifer Lopez's wedding.

Vinay Jaising, MD, JM Financial Services, says “for us, capex and industrials put together, had north of a 50-55% growth. Railways, again, fantastic growth. So that space, in terms of earnings trajectory, did really well. In energy, we are underweight but that did extremely well, courtesy the OMCs. I do not know how long that will sustain or whether we will start seeing either crude prices move up or margins move down, but overall in terms of numbers, a 20 plus percent year-on-year increase in capex made our overall portfolio earnings go up north of 25% and that was exciting for us.” The markets got mighty enthused by the big GDP number. There has been two back-to-back strong readings on the GDP. In the last commentary, the RBI governor already took their own estimate for GDP higher, above 7%. Other rating agencies could follow soon. Is this growth sustainable? The market will start looking for valuations if the growth is not sustainable, but growth appears to be falling in place now? Vinay Jaising: Absolutely.