Booking Financial News

bargains; finding those companies whose stock may be out of favor for one reason or another and whose stock is inexpensive relative to the company’s earnings or assets. Value investors are looking for companies with reasonable balance sheet strength and have little corporate debt but hold the potential for robust earnings increase in the medium to long term. Identifying a company that meets the above criteria is only the first step.

GMP: The company's shares in the grey market are trading at a healthy premium of ₹73, indicating an over 43 percent premium at listing. However, one must note that grey market premium is only an indicator of how the company's shares are performing in the unlisted market and can change quickly. The ₹501 crore IPO of Gandhar Oil opened for subscription on November 22 and will close on November 24.

Federal Bank Limited is the promoter of Fedbank Financial Services, a non-banking finance company (NBFC) with retail in focus. According to the CRISIL Report, in the fiscal year 2023 and the three months ending on June 30, 2023, Fedbank Financial Services had the second and third lowest cost of borrowing among the micro, small, and medium-sized enterprises (MSMEs) gold loan and MSME & gold loan peer set in India.

Bharti Airtel, both of which control 78% of India’s mobile market, according to global brokerage firm CLSA. «BUY-rated Reliance Industries holds 67% of RJio and valuation is 60% higher than the 33% stake from the 2020 sale that raised US$20bn. We also expect RJio’s planned IPO to serve as a further catalyst for BUY-rated Bharti stock,» CLSA analyst Deepti Chaturvedi said. The analyst expects Jio's leadership and Bharti's execution to lead the sector to $38 billion annual revenue by FY26.

Macquarie Group’s wealth management division is without a head of investment strategy. Street Talk understands Jason Todd is no longer at his post after almost six years in the job.

LTIMindtree Ltd. fell 0.21 per cent to Rs 5542.7 in Thursday's session as of 11:16AM (IST) even as the equity benchmark Sensex traded 18.42 points higher at 66041.66. Earlier in the day, the stock witnessed a gap up start to the session.

construction chemicals and building finishing products to the industry, India’s infrastructure push could not have come at a more opportune time. In a conversation with ET Digital, Mahesh Bhanushali, Managing Director & Chairman, MCON Rasayan India Ltd.

Sanjiv Bhasin, Director, IIFL Securities, says “in the last two-three days, more of the largecaps have been showing their strength and if the index has to go higher, it will have to be largecap banks and this undue concern raised by the RBI is a good cause of concern, but it has hardly anything on the ground effect. We all know that this personal loan has reached a climax and most banks are well capitalised, particularly the largecap ones.” Let us start with IT itself. I know Persistent has been one of your favourites. Tech Mahindra had played out very well when you had recommended it. Which are the other stocks from the IT sector that you are picking out right now? HCL Tech has been one of my outperformers. I continue to think that is an outperformer and you can add an LTTS. I have been saying for the last two days that the specific space in defence which they have is doing extremely well and the order book and the execution will take maybe another four quarters but they have a constant flow and that is going to be very positive. So, HCL Tech and LTTS are where you can put your money even now.

₹288 to ₹304 per equity share of face value of ₹5. Flair IPO lot size is 49 equity shares and in multiples of 49 equity shares thereafter.

AMP will fork out $100 million to exiting financial planners as part of a proposed settlement over its controversial adviser payout policy, after it lost a class action over the scheme in July.

revenue and profits for the six months ended September. While growth was board based, four-wheeler makers saw revenue growing at a faster pace than two-wheeler makers. This was on the back of a strong volume growth, led by robust demand both in the passenger vehicle and commercial vehicle segments, besides a strong traction in the electric vehicle space. Profit growth, however, was robust for the sector, aided by the easing pressure on input costs.

If the current trends sustain analysts expect the company to double investors' wealth on listing day itself. The robust demand was also seen in the subscription numbers as the issue was booked over 6 times on the first day itself. The IPO, which closes on November 24, is the first from Tata Group since TCS, which is also one of the reasons why the issue is generating considerable buzz. Also Read | Tata Technologies vs 4 other IPOs: Which is the best bet if you have to pick one? Analysts are overwhelmingly positive on the issue and, in fact, prefer the IPO over four others.

Dipan Mehta, Director, Elixir Equities, says “For Mumbai-based realty companies going into NCR is another different game altogether. I do not see too many companies, apart from Godrej Properties, which have successfully created a pan India operation worth mentioning. So we will wait and watch and see how Oberoi’s foray into NCR is shaping up. But nonetheless, I think real estate companies are on a song.” While we spend a lot of time discussing HDFC Bank, Reliance, Zomato and Paytm, we do not perhaps discuss Tube Investment, Carborundum, Chola, EID, Parry. These are the real gems of the south, so to speak. You are absolutely right. These are nice low profile companies. They just get on with their business and deliver exceptional returns. CG Power has been a fantastic multibagger stock and what a fantastic turnaround story it has been and kudos to Tube Investment for identifying this opportunity and buying into it and turning it around so quickly and creating so much value for the shareholders. By and large these are very well managed companies. They have sound capital management policies and they generally do not diversify away from their core operations. They have been market darlings, although they are not that much in the public eye in terms of news flow, but nonetheless they are great performers.

US foils bid to kill Sikh terrorist Gurpatwant Singh Pannun, warns India: Report Responding to media queries on reports of discussions between India and the US on security matters, Ministry of External Affairs spokesperson Arindam Bagchi said India takes such inputs seriously since it impinges on its own security interests as well. He added that Washington had shared "some inputs" that were being "examined by "relevant departments." He said the inputs are the cause of concern for both countries and necessary follow-up action is being taken.

Board examinations are among the key problems of Indian education. The National Curriculum Framework for School Education 2023 (NCF) confronts this matter head-on, starting with explicitly acknowledging current issues instead of dodging these. Stress caused by board exams among students and their families is the first big issue.

fire. Three out of four share sales that opened on Wednesday were oversubscribed on the first day itself, a feat last seen 27 months ago, with high net-worth individuals (HNIs) and small retail investors leading the charge. The initial public offering (IPO) of Tata Technologies Ltd, the first Tata group company to list after 19 years, attracted maximum investor interest, witnessing a subscription of 6.5 times.

The Information. Shleifer’s decision to transition out is largely based on geography, a person familiar with the development said, asking to remain anonymous. “Tiger Global is operating in-person out of our New York offices, whereas Scott and his family have made their home in Florida and want to stay there.

full body checkup is essential during winter to ensure your health remains in shape. Why Is Winter Full Body Checkup Important?A full body health checkup in winter can help you find underlying health conditions. Doctors suggest this test to catch potential diseases, and around 50 tests are involved.

₹600.77 crore via the issuance of fresh equity shares, whereas existing shareholders and promoters will offload 35,161,723 shares, aggregating to ₹492.26 crore. The total size of the IPO was ₹1,092.26 crore. The price band for the offer has been fixed at ₹133–140 per equity share with a face value of ₹10 each.

ITC and Reliance Industries shares. Foreign institutional investors (FIIs) on Wednesday sold stocks of Indian companies worth ₹8,418.29 crore and bought stocks for ₹8,111.73 crore, resulting in an outflow of ₹306.56 crore, according to NSE data. Domestic institutional investors (DIIs) bought equities worth ₹6,749.42 crore and offloaded shares worth ₹6,028.18 crore, resulting in an inflow of ₹721.24 crore, the exchange data showed.

Orxa Energies, a Bengaluru based electric vehicle (EV) maker, has announced the launch of a high-end electric bike, the Mantis. The Mantis, currently the lightest in its category with a kerb weight of 182 kg, is offered in two distinct color variants: Urban Black and Jungle Grey. Priced at Rs 3.6 lakh ex-showroom, Bengaluru, the bike features a 1.3 kW charger and is now available for bookings. With a top speed of 135 kmph and an impressive acceleration from 0 to 100 kmph in just 8.9 seconds, the Mantis is designed for optimal performance. Notably, the acceleration from 0-20 kmph has been fine-tuned to 2.7 seconds, catering to city and urban traffic conditions.