Booking Financial News

This year’s rally in homebuilding stocks has outstripped even the AI-fueled tech boom, and if analysts are to be believed, that outperformance is set to continue.

IPO listing date has been fixed for Tuesday, September 5 on NSE and BSE. If you applied for the shares, here's how you can check allotment status of Vishnu Prakash IPO. If you have applied for the Vishnu Prakash IPO, you can check your Vishnu Prakash IPO allotment status immediately on the website of the IPO registrar, Link Intime India Private Ltd.

IPO subscription status: Rishabh Instruments IPO was subscribed 1.83 times on day 2 so far. Rishabh Instruments IPO opened for subscription on Wednesday, August 30, and will close on Friday, September 1. Rishabh IPO received positive response from retail investors and non-institutional investors (NIIS) on day 2.

The equity capital markets team at UBS launched an $NZ800 million ($735 million) million block trade in Auckland International Airport shares on Thursday on behalf of Auckland Council, Street Talk can reveal.

Basilic Fly Studio IPO: The initial public offering (IPO) of Basilic Fly Studio Limited is going to hit primary market on 1st September 2023 i.e. on tomorrow and it will remain open for subscribers till 5th September 2023. The company has fixed Basilic Fly Studio IPO price band at ₹92 to ₹97 per equity share and the company aims to raise ₹66.35 crore from this book build issue.

Elon Musk, theowner of X (formerly Twitter), continues to advance his vision of transforming the app into a super app. A recent development in this direction is the introduction of voice and video call features to X. Musk announced, "Video & audio calls coming to X," highlighting that this feature will be available across iOS, Android, Mac, and PC devices.

Colgate-Palmolive (India) Ltd. fell 0.11 per cent to Rs 1938.2 in Thursday's trade as of 02:05PM (IST) even as the benchmark Nifty ruled at 19294.8, down 52.65 points. The scrip had closed at Rs 1940.4 in the previous session.

Anirudh Garg, Managing Partner, INVasset, says “markets have a tendency to remain expensive for a very long period of time. We will see it from 2018 to 2020. You select all those Warren Buffet companies and once in six-seven-eight years when you get a chance to find those exuberant markets where there are bubble-like situations, go in for pension fund investing. The preservation of alpha is as equally important as the generation of alpha.”You have almost 40 stocks in your portfolio. Before we dive into the calls which you are taking, I want to understand what is your portfolio selection philosophy? How do you approach markets that you have constructed this portfolio?We are a quant-based PMS.

Aeroflex Industries witnessed heavy selling after a bumper stock market debut on Thursday. The stock, which was last trading 16% lower on BSE, had listed at a robust premium of 83% following a solid response to its IPO. Analysts say the impressive listing performance can be attributed to its dominant position in the market, characterized by substantial entry and exit barriers. Aeroflex Industries has an export-oriented business model, and it generates around 80% of its revenue from exports alone. «The company plans to expand its global and domestic businesses, and it is investing in new technologies to improve its products.

Atul Lall, Vice-Chairman & MD, Dixon Tech, says “as per the guidelines under IT PLI 2, we are committed to deepening the manufacturing and increasing the local value addition over a period of six years. We already have a large relationship with Acer. We have recently been awarded a large contract for notebooks by another very large global brand. We are setting up a new factory. This factory should be ready in the next six to eight months. We plan to take 2023-2024 as the base year and the commercial production should be starting in 2024-2025. This is indeed a very large opportunity prediction and we want to pursue it very aggressively.”We know already that you are looking at that PLI scheme as well and this entire import ban etc., that the government has introduced. Talk to us about the numbers in terms of the potential. What do you see it to be? You have tie-ups with Lenovo, Acer etc. Are those conversations now increasing? Are you getting more client inquiries?Undoubtedly, it is a very large opportunity for us.

We live in a time when access to finance has never been easier. But, a major driver of that convenience is credit. Today, credit products like credit cards and loans are accessed by a majority of the population and are vital in helping them manage their expenses and purchases. With India’s credit landscape evolving continuously, customers now have a multitude of credit options to choose from. So, how does one go about choosing a credit product that is right for them?

Austal’s head of its US operations has left the business after it lost $171 million on one of its US Navy contracts, tipping the shipbuilder to an annual loss.

A federal appeals court has upheld disgraced lawyer Michael Avenatti’s conviction for plotting to extort up to $25 million from shoe giant Nike – one of several legal messes that have landed him behind bars

₹166.50 per share while it made intraday low of ₹166.50 on NSE as well. According to stock market experts, this Ashish Kacholia-backed company has promising business outlook and hence, those who have this stock in portfolio should at least book profit per cent profit and hold the rest shares for medium to long term. For those who missed to get Aeroflex Industries shares through allotment process, they are advised to wait as the stock has listed at a whopping 83 per cent premium on BSE.

Yogi Adityanath extended his greetings on World Sanskrit Day. Also Read: World Sanskrit Day 2023: 10 English words derived from Sanskrit.

How it works According to the Axis Bank website, the Infinity Savings Account is a fixed fee-based account in which the customer is required to pay the bank a predetermined amount of money at regular intervals in exchange for the advantages associated with using the account.Charges that are waived No Average Monthly Balance (AMB) requirement, free debit cards, no charges on cheque book usage or transactions/withdrawals above limits and remission of all domestic fees.

Chakri Lokapriya, CIO & MD, TCG AMC, says “just like Bhel is going through a new lease of life, so is PFC and REC. I remember participating as an anchor investor in IPOs of these companies and they were priced at one-and-a-half times book then. Today, they trade at less than 0.7 times book, half the valuation. Now, with the growth rates exceeding what it did in the past, it is just a matter of time before the stock even trades closer to its book value and higher, which means there is still a lot more upside from current levels.”We were looking at the streak of order wins from a company like Bhel and that has been pretty phenomenal since the start of the year. Just recently, they bagged a fairly sizable order in their kitty. What would be your outlook given that for the longest period of time, this was one of the slowest moving stocks? What is your view on Bhel? Bhel has got a new lease of life with a renewed interest in power and India has always been a power-deficient country, but now it is a combination of both thermal and green energy.

If you're squeezing in one last summer trip over the Labor Day weekend, expects lots of company

Avenue Supermarts Ltd. fell 0.02 per cent to Rs 3735.0 in Thursday's trade as of 10:25AM (IST) even as the benchmark Nifty ruled at 19348.05, up 0.6 points. The scrip had closed at Rs 3736.0 in the previous session.

Aeroflex Industries debuted at a strong premium of 82.8% at Rs 197.4 on BSE in Thursday's trade over the IPO price of Rs 108. On NSE, the stock listed at Rs 190, up 76% over the issue price. Ahead of the listing, the shares commanded a premium of Rs 65 in the unlisted market. The IPO of Aeroflex Industries saw a robust response, driven by healthy demand across categories.

For Herbert Smith Freehills partners Tony Damian and Amelia Morgan, the opportunity to shape the debate on corporate law reform was too good to pass up.