Experts Financial News

Nearly 300 companies have debuted on the bourses in the 10 years to FY23, according to experts. An interesting trend that was observed in the IPOs that came this year is that the fresh issue as a percentage of total issue size is at 48% which is highest in the last 8 years, according to Edelweiss Mutual Fund. According to the fund house's chief Radhika Gupta, revival in domestic demand, high-capacity utilization, and improving consumer sentiments mean that more companies will be confident to go public. «Many firms are raising money for capex which is a positive sign. This capex will result in incremental sales for the next 3-5 years,» Gupta said. In the past week, five companies, including Tata Technologies, came out with their IPOs that garnered a record Rs 2.6 lakh crore in application amount. «The huge appetite for equities stems from the confidence that investors have in the India growth story and the large universe of fast-growing, well-managed companies, which are expected to deliver good profits,» said Mahavir Lunawat, Managing Director, Pantomath Capital Advisors Even after a deluge of IPOs this year, the pipeline ahead is equally strong with 77 DRHPs filed, 29 of which are approved while the rest await approval.

Gurunanak Jayanti. Accordingly, all the segments including, the equity segment, derivative segment, and SLB segment will be closed. The multi-commodity exchange will also be closed for the first half, but will remain open for the evening session from 5:00 pm.

BSE) has introduced new guidelines for small and medium enterprises (SMEs) seeking to move to the main board from the SMEs platform. As per the latest guidelines, an applicant firm will be required to have a net worth of at least ₹15 crore for the preceding two financial years to migrate to the main board.

Indian stock market: The Nifty has encountered difficulty surpassing the resistance range of 19850-19900. On the downside, 19700 has held as a near-term support level. As long as there's no breakout, the index is expected to continue moving sideways.

GST, Adhar (govt services), UPI, Datacentre), high infrastructure & govt pending, developing as a manufacturing hub, and sustainable practices to renewable energy as a future source of energy. In manufacturing, it includes sectors that will substitute for and augment new exports, including electric to engineering goods.

BSE has put in place fresh guidelines for small and medium enterprises looking to migrate from its SME platform to the main board, whereby the applicant will be required to have a net worth of at least Rs 15 crore for the preceding two financial years. Under the guidelines, the applicant firm needs to be listed on the SME platform for at least three years. Besides, they need to have 250 public shareholders before shifting to the main board.

Tata Technologies are in high demand in the unlisted market with the GMP as high as Rs 412. Considering the upper price band of Rs 500, the stock is expected to list at a massive premium of Rs 82% over the issue price. However, it is important to note that grey market premiums are just an indicator of how the company's shares are stacked up in the unlisted market and are subject to change rapidly. The tentative allotment for the IPO is November 28 or even before and the listing will likely be on November 30. The Rs 3,042-cr IPO of Tata Technologies received bids worth over Rs 1.5 lakh crore. The overall subscription was nearly 70 times the shares on offer. The quota reserved for retail individual investors (RIIs) was subscribed 16 times, qualified institutional buyers 203 times, and NII 62 times. Analysts said the strong response for the IPO was due to attractive valuations compared to peers and Tata lineage, which enjoys strong brand value. Tata Tech's FY23 PE ratio stands at 32-33x, as against 105x for KPIT, 40x for L&T Technology Services, and 70x for Tata Elxsi.

Natural gas prices remain under pressure weighed down by record production, high inventory levels, and worries over industrial and heating demand. Prices at the key NYMEX futures platform currently traded at a one-month low. However, it has been broadly choppy inside the $3.6 — 2 MMBtu levels throughout this year.

expert Arnold Dix expressed optimism about the safe return of the 41 workers trapped in Uttarkashi's Silkyara tunnel, expressing hope that they would be home in time for Christmas. In a conversation with ANI, Dix emphasized the importance of the rescue operation focusing on ensuring the safe return of the labourers and rescuers. Also Read | Uttarkashi tunnel collapse: Auger drill stuck in the rubble, trapped workers likely to remain stuck for weeks: Top 10 updates Dix stated, "It may take some time, perhaps up to a month, but I cannot specify the exact timeline.

Uttarkashi in Uttarakhand, faced yet another setback on November 25. The drilling machine broke down, leaving rescuers with no choice but to manually remove rubble, stones and metal debris. International expert Arnold Dix, heading the rescue team in Uttarakhand, shared the news that the drilling machine is beyond repair, adding, "The mountain has once again resisted the auger (machine)." The timeline for restarting the drilling remains uncertain as the entire machine must be removed and replaced.

Uttarkashi tunnel collapse news: Forty-one workers have been trapped inside an under-construction tunnel in Uttarakhand's Uttarkashi since it collapsed on November 12 following falling debris due to a landslide from the Silkyara side. Rescue efforts have since been going on and international tunnelling experts have been called in for support.

online platforms offering fractional ownership of real estate assets, and such platforms will be registered under a framework for small and medium real estate investment trusts. In a statement after its quarterly board meeting, the Securities and Exchange Board of India (SEBI) also said that fresh investments by alternative investment funds would be stored electronically from Sept. 2024. SEBI chairperson Madhabi Puri Buch said investors were losing money in equity derivatives trading and it was the regulator's duty to warn them of the risks. But Buch said the rise in equity derivatives trading did not pose any systemic concerns. The surge in trading of derivatives in an historically conservative market environment emerged after stock exchanges changed some options contracts to facilitate quicker and cheaper bets and as online retail trading platforms proliferated. Buch said SEBI has told an exchange that feedback from brokers and investors was needed before allowing extension of market hours. She didn't mention the National Stock Exchange though, which had sent a proposal for evening trading sessions to SEBI. Concerns regarding SEBI's plan to allow same-day settlement of equity market trades to help retail investors were «exaggerated», Buch said. The regulator on Saturday also approved rules for index providers, and said some indices that are frequently used by market participants will come under SEBI rules.

Jigar Mistry, Co-founder, Buoyant Capital, says “if you look at the ownership spectrum of largecap versus smallcaps and look at the free float as an additional variable into this, very interesting data is shaping up. There are a few graphics running there but if you look at the free float ownership in the largecaps, FIIs are the predominant investors with almost 42% of the ownership in free float largecaps. But if you look at smallcaps, retail ends up owning 49%.” On Friday, largecaps were pretty quiet but that had been the story for the last few weeks. How are you analysing the construct of the market right now? See, it is an interesting time because if you look at India from a slightly longer term perspective, it looks like it is not just the fundamentals that are reasonably good but we will eventually end up attracting a lot of flows as well.

compliance and strengthen investor protection in Alternative Investment Funds (AIFs), Sebi on Saturday said all the fresh investments made by an AIF after September 2024 should be held in demat form. Approving amendment to AIF rules, Sebi said that some exceptions have been provided.

fractional investment in real estate under a regulatory framework, whereby they will be required to operate as Small and Medium Real Estate Investment Trusts. Such SM REITs should be set up as a trust with the ability to establish separate scheme for owning real estate assets through wholly-owned special purpose vehicles constituted as a company, the regulator said.

Securities and Exchange Board of India on Saturday approved a proposal to introduce a framework for fractional ownership of real estate assets. The regulator, however, deferred its plan to make changes to delisting rules. Sebi had proposed to allow companies to delist by coming out with a fixed price for the repurchase of shares, instead of the existing reverse book-building mechanism where they decide on the price based on the sell orders submitted by shareholders. «It (delisting proposal) was discussed in the board meeting.

social stock exchange and also decided to introduce a regulatory framework for index providers. Besides, the regulator will put in place a new regulatory framework for facilitating Small and Medium Real Estate Investment Trusts (SM REITS) apart from amending norms to strengthen the protection of investors who have pumped in money into Alternative Investment Funds (AIFs).

As many as 110 managing directors or chief executives who were also on the boards of NSE-listed companies quit in the first 10 months of 2023, according to data compiled for ET by primeinfobase.com.

India will likely give rise to job opportunities for mechanical, electrical and electronics engineers in the coming years, experts said. Manufacturers expected to be at the forefront of this job creation include Mercedes Benz, Bosch, Michelin, ABB, Boeing, Airbus, Renault, Volkswagen Group, Schneider Electric, John Deere, Caterpillar, Continental and Collins Aerospace, according to consultants and industry experts. Some engineering college professors said however that cutting-edge roles may not be part of this trend, besides which automation could take a toll. Several MNCs have been shipping out research, design and engineering jobs to India, marking a shift in the profile of offshored jobs from the traditional IT and shared services support to engineering and technical or product-related roles, the experts said.

Juventus are playing Inter Milan in a Serie A summit clash. While Inter has 31 points from 12 matches, Juventus has 29 points from 12 matches. Inter is leading the points table, and Juventus is at the second place. Sunday's Derby d'Italia will be intriguing one given both teams have won their four previous matches, as per reports.

Open RAN (open radio access network) technology had promised a lot: It could provide a cheaper alternative to traditional telecom network deployments, challenging the might of the few infrastructure vendors operating in the market. What was expected to be a game changer, though has yet to make much headway in India, except for a few trials and deployments. Experts cite several challenges for the deployment to pick up, but say it would happen in another two-three years.