Performer Financial News

DOMS Industries shares got listed at a premium of 77.2% (Rs 610) at Rs 1400 apiece on the bourses on Wednesday. The issue was priced at Rs 790 at the upper end. Net proceeds will be utilised for the part funding of the cost of establishing a new manufacturing facility and general corporate purposes. DOMS Industries' public offer was subscribed 93 times at close. The category reserved for retail investors was subscribed the most at 69 times, followed by NIIs at 66 times. The QIB portion of the issue was booked 116 times. The company boasts a track record of impressive financial performance with consistent revenue and profit growth, further fueled by robust expansion plans that unlock exciting future potential. «The hefty GMP already anticipates much of the company's future growth, leaving limited immediate gains on the table. Therefore, we recommend skipping fresh buys on the listing. Investors seeking quick profits can consider booking gains and exiting,» said Shivani Nyati, Head of Wealth, Swastika Investmart. Also Read: RBZ Jewellers IPO: Should you subscribe to this Rs 100-crore issue?

Vivek Ramaswamy has pledged to exit the GOP primary ballot in Colorado following the state Supreme Court's ruling that ousted former President Donald Trump from the ballot. The recent ruling by a court comprising justices appointed by Democratic governors signifies a historic moment, as it marks the first instance in history where Section 3 of the 14th Amendment has been applied to disqualify a presidential candidate, as reported by AP.

Investing in the right fund or product by itself doesn’t assure wealth creation. Smart investors rely on process and discipline. This process is reviewed and repeated for multiple years. The choices we make daily may not matter today, but they do so in the long term.

“For the year 2023, till date, we have been able to generate 71% returns at the portfolio level, and we like to invest in companies that have a return on capital substantially higher than the cost of capital," says Siddharth Oberoi, Fund Manager — Prudent ACE Equity Fund. In an interview with ETMarkets, Oberoi said: “The philosophy has worked for us over the last 27+ years and we are quite confident that it will continue to outperform in the future as well,” Edited excerpts: Thanks for being part of the segment. Prudent Ace Equity Fund has given stellar returns since its launch. Take us through the performance. The fund will complete its first year in December 2023. We follow the calendar year for performance measurement. For the year 2023, till date, we have been able to generate 71% returns at the portfolio level.

Day trading guide for today: The Nifty 50 and Sensex, leading benchmark indices, reached new all-time highs of 21,505.05 and 71,623.71, respectively, during intraday trading on Tuesday, December 19. The Nifty 50 concluded with a 34-point gain, equivalent to a 0.16% increase, closing at 21,453.10. Simultaneously, the Sensex wrapped up at 71,437.19, marking a 122-point upswing, translating to a 0.17% rise.

By Brigid Riley

A divided Colorado Supreme Court on Tuesday declared former president Donald Trump ineligible for the White House under the U.S. Constitution’s insurrection clause and removed him from the state’s presidential primary ballot, setting up a likely showdown in the nation’s highest court to decide whether the front-runner for the GOP nomination can remain in the race.

kitabe kuchh kahna chahti hain). And he is right. Books do want to say something but only to those who strike a chord of friendship with them.

₹1,008.59 crore from the IPO that comprises a fresh issue of equity shares worth ₹400 crore and an offer for sale (OFS) of 71.59 lakh shares. Happy Forgings IPO price band has been set at ₹808 to ₹850 per share. Happy Forgings is a manufacturer of heavy forgings and high-precision machined components.

capital goods stocks, which have been relatively inactive in recent months, are now garnering interest from investors. Analysts foresee a potential uptick in the performance of these stocks in the coming weeks, citing a positive outlook for the sector. This optimism is driven by government initiatives that support incremental capital expenditure, a revival in specific segments of the private sector, and a more favourable growth outlook in international markets. The Siemens stock, which saw a modest 5.5% increase over the last six months, surged 10% in December.

The UK Treasury has revealed its regulatory framework for a Digital Securities Sandbox under the Financial Services and Markets Act.

Furthermore, the Nord 2T 5G's camera system is a standout feature, with a versatile triple-lens setup that captures detailed and vibrant photos in various lighting conditions. The device's 5G connectivity support and robust battery ensure seamless and long-lasting usage. With its sleek design, robust performance, and competitive pricing, the OnePlus Nord 2T 5G is a compelling option for a mid-range smartphone for anyone in the market. Click to own the OnePlus 2T 5G

Parliament. However, he asked BJP MPs to maintain decency and decorum while responding to Opposition's charges. Taking a dig at the Opposition, Modi suggested that with their current approach over the security breach in Parliament last week, it looks unlikely that the Opposition would be able to match its 2019 performance.

Currently, the Indian real estate market stands at a pivotal juncture, marked by dynamic shifts and strategic initiatives. Embracing the nuances of the present, we anticipate a compelling surge in growth during FY 2024-25. Projections indicate a commendable 7-8% economic expansion, instigating heightened demand across residential and commercial sectors.

Big investment firms that have shunned retail real estate for years are giving the sector a fresh look, the latest sign that this long beleaguered property type is on the mend. Institutional buyers are snapping up grocery stores, pharmacies and other recession-resilient stores.

earphones or headphones can be a thoughtful and practical gift. The market today is flooded with options that cater to a wide spectrum of preferences and budgets. From the high-end audiophile-grade headphones offering unparalleled sound quality to budget-friendly yet durable earphones perfect for the daily commute, the choices are limitless.

credit rating agencies and reforming the structure of the multilateral development banks (MDBs) to mobilise funds for green and sustainable growth across developing nations. “The way forward involves a new toolkit of policies and a reform of the structure of the MDBs to help them engage in capital mobilisation, better project implementation, joint financing, risk sharing and making sustainable infrastructure an asset class,” the Aayog said in its report on a Green and Sustainable Growth Agenda. The report, developed by NITI Aayog in collaboration with the International Development Research Centre (IDRC), Ottawa, and the Global Development Network (GDN), New Delhi, has been compiled following a G20 international conference on the theme in July this year.

Considering the upper price band of Rs 493, the stock is likely to debut at a premium of 32%. 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. At the upper price band, the company is valued at P/BV of 2.4X with a market cap of Rs 5,278 crore post the issue. India Shelter Finance boasts strong fundamentals built on years of experience in the affordable housing market. The company has a diverse portfolio and strong distribution network, catering to the growing demand for quality and affordable homes. «The company has demonstrated consistent financial performance with a track record of revenue and profit growth.

As 2023 draws to a close, investors are shifting their focus to the upcoming fiscal year.

Harry Kane made history during Bayern Munich’s triumphant 3-0 victory against Stuttgart on Sunday. The 30-year-old football sensation showcased his prowess by netting two goals, catapulting him into a new record as the fastest player to reach 20 Bundesliga goals. Kane's feat in just 14 games remarkably surpassed Uwe Seeler’s previous record by a staggering seven matches. Even Erling Haaland, the standout from Manchester City's ranks during his Borussia Dortmund stint, took 22 games to achieve the same milestone. Despite his incredible personal achievement, Kane humbly redirected the spotlight, praising the team's collective effort. «That was probably the best performance of the season,» he remarked about Bayern's exceptional win. Emphasizing the importance of the entire squad, he acknowledged, «We need the entire squad. Overall it was a very good performance today. We can be proud of that.»

iPhone 16 series, set to launch in less than a year, is making headlines with leaks revealing a potential game-changer – the introduction of a dedicated Capture Button for video recording. Building on the iPhone 15 Pro's Action Button, Apple is gearing up to streamline video recording with a dedicated button, as per Bloomberg's Mark Gurman.