Experts Financial News

ixigo IPO day 2: The initial public offering (IPO) of ixigo, which opened on 10th June 2024, has received a robust response from primary market investors. The public issue worth ₹740.10 crore will remain open till 12th June 2024. The company has fixed the ixigo IPO price band at ₹88 to ₹93 per equity share, and the book build issue is proposed for listing on BSE and NSE.

Suez Canal whose construction began in 1859 witnessed the overall economic development of prosperity of the region and large parts of the world. It provided an opportunity to connect Europe and Asia or the Mediterranean Sea and the Red Sea. It cut short the distance between Europe and Asia which otherwise had to follow a circular path around the Cape of Good Hope. It is in this regard that Europe is constructing its network of canals.

VIP Industries chairman Dilip Piramal said a plan to turn around the country's biggest luggage maker was slower in taking off, prompting independent director Nisaba Godrej to quit the board. He, however, reiterated that the company is on the path to recovery.

Seriously overdue credit card debt is at the highest level in more than a decade, and people 35 and under are struggling more than other age groups to pay their bills

Federal health regulators and law enforcement officials are vowing to work more closely to stop sales of illegal electronic cigarettes, including those from China

Let’s discuss how the market has been moving lately, with BTC crossing the 70k level. The beginning of June came with high energy as many crypto assets crossed higher margins, including BNB, moving beyond $700. However, one impressive asset that draws more attention is the BEFE meme coin , and with the moves we’ve seen so far, we might have an imminent bullish rally in play.

market sentiment and investor confidence in Mufin Green Finance. Mufin Green Finance share price today opened with an upside gap at ₹129 on NSE and soon touched an intraday high of ₹131.34 apiece, logging an intraday gain of 10 percent against the Friday's close of ₹119.40 per share.

₹39 to ₹41 per equity share. The public issue was proposed for listing on BSE and NSE. The public issue listed on BSE and NSE on 31st January 2024 at a bumper premium of 35 per cent, and the stock continued attracting bulls' attention after this bumper listing.

Stock market today: Integra Essentia shares are one of the penny stocks listed on Dalal Street. This penny stock is invested in by the Indian insurance behemoth Life Insurance Corporation (LIC) of India.

₹320.95 in intraday trade on BSE on Monday, June 10, in an otherwise lacklustre market. Rallis India share price opened at ₹286.70 against its previous close of ₹281.85 and surged 13.9 per cent to hit its 52-week high level.

₹9,606 crore, the highest in 8 months, since September 2023. The offers for sale category accounted for 64 percent of the total fundraising, approximately ₹6,200 crore, while the fresh capital issuances contributed ₹3,404 crore.Moreover, none of the 5 IPOs were listed at a discount to their issue prices.

EIH Associated Hotels, the flagship company of The Oberoi Hotels, rallied 17% on BSE on Monday to its fresh 52-week high of Rs 845 as the company announced June 14 as the date for the board meeting to consider the issue of bonus shares. «The meeting of the Board of Directors of the Company will be held on Friday, June 14, 2024, to consider and recommend, interalia, capitalization of reserves by issuing Bonus Shares to the Equity Shareholders of the Company, subject to the approval of the Shareholders,» said the company in a filing to the exchanges.

Magenta Lifecare IPO Allotment Update: After receiving a robust response from investors during the bidding period from June 5 to June 7, attention now turns to the allotment procedure for Magenta Lifecare.The allotment for the Magenta Lifecare IPO is expected to be finalised today. Investors can monitor their allotment status through the registrar, Cameo Corporate Services, or the BSE website.With oversubscription in the retail category, shares will be allocated to retail individual investors (RIIs) on a proportional basis.

Multibagger stock: The market performance of Heritage Foods shares, a family-run business led by TDP leader Nara Chandrababu Naidu's family, has been nothing short of extraordinary. In the past six sessions alone, Heritage Foods share price has consistently hit the 10 percent upper circuit, propelling the FMCG stock to new heights.

I received an anguished email from a senior Indian Statistical Service (ISS) officer a few weeks ago. The officer believed that his entire career over the past quarter century had been a “waste" since the statistical system does not reward performance. “As the system has been kept highly opaque, it has created a false sense of expertise… such as experts in national accounts or experts in consumer expenditure surveys… creating an impression that they (the deemed experts) are indispensable," the mail said.

3C IT Solutions IPO: SME issue subscribed over 20 times on day 4; retail investors show strong demandAs the company is expected to finalise the share allotment today, June 10, investors who placed their bids for the shares during the issue subscription period can check 3C IT Solutions IPO share allotment status online through the BSE website and the official portal of the IPO registrar, Skyline Financial Services Private Ltd.On June 11, the company will credit shares to the demat accounts of investors who received allotments and initiate refunds for unsuccessful bidders.3C IT Solutions IPO share allotment status can be checked online by following the simple steps below.Step 1: Go to the website of Skyline Financial Services Private Ltd (https://www.skylinerta.com/)Step 2: Under the "Investors" tab, select "Public Issue".Step 3: Select the company's name in the "Check Application Status" dropdown. Remember that the name of the company will appear only after the allotment status is finalised.

Gold rate today: The gold price today has been significantly influenced by the rise in US dollar rates, a key factor in the current market dynamics. This increase in US dollar rates was primarily driven by better-than-expected US job data, which has had a direct impact on the gold price.

₹164.95, a 21 percent premium to issue price of ₹136 on the NSE. Meanwhile, on the BSE, it debuted at ₹165, up 21.32 percent or ₹29 from the IPO price.The ₹130.15 crore initial public offering (IPO) of Kronox Lab Sciences was open for subscription between June 3-5 at a price band in the range of ₹129-136.

startups to foster growth and achieve sustainability. Traditionally, equity financing has been the go-to option for many young businesses. However, amid a significant dip in equity fundraising, they are now turning to debt financing as a viable alternative to fuel their growth.

mutual funds have turned a monthly SIP investment of Rs 40,000 into Rs 1 crore in the last 10 years, data crunching by ETMutualFunds showed. Around 23 large cap funds have completed 10 years of existence in the market.

Kronox Lab Sciences IPO: The initial public offering (IPO) listing date for Kronox Lab Sciences Limited has been fixed on June 10 2024, i.e. today.