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Berger Paints climbed over 6% to hit a new 52-week high at Rs 666 in Friday's trade on BSE as it traded ex-bonus in the session. «Berger Paints fixed Saturday, September 23, 2023, as the record date, for the purpose of ascertaining the eligibility of shareholders entitled for issue of bonus equity shares of the company in the ratio of 1:5, i.e., 1 equity share of Re 1 each for every 5 equity shares of Re 1 each,» the company said in an exchange filing. At 11.58 a.m., the stock was trading 5.8% higher at Rs 663.5 on BSE. On a year-to-date basis, the stock has gained nearly 40%, However, in the last two years, it has delivered negative 2% returns to its investors. Earlier, during the June quarter results, Berger Paints' Board of Directors approved the bonus issue of one bonus equity share against five equity shares. In Q1 FY24, the company reported a nearly 40% year-on-year (YoY) jump in its consolidated net profit at Rs 355 crore versus Rs 254 crore in the same quarter last year.

subscription status on day was 33%, and day 1 Sai Silks IPO subscription status was 7%. Sai Silks IPO comprises a fresh issuance of ₹600 crore worth of shares and an offer for sale (OFS) of up to 2.70 crore equity shares by promoter and promter group. The company intends to use the net proceeds from the offering to finance capital expenditures for the establishment of 30 additional stores and two warehouses, as well as for working capital needs, debt repayment, and general corporate purposes.

Canadian universities have raised concerns about potential visa delays for Indian students amid ongoing political tensions between the two nations. These delays could disrupt the upcoming spring academic session, scheduled to commence in January. In light of the uncertainty surrounding visa processing times, these representatives, currently attending an education fair in Hyderabad, have advised Indian students interested in pursuing higher education in Canada to consider planning their academic session for the fall/autumn term, starting in August 2024. Expressing their apprehension, one representative told TOI, «With just three months left for students to travel for the spring batch, there is apprehension that visa processing times may pose challenges.» Many universities are contemplating waiting for an additional week to assess the situation before making decisions regarding admission letters for either the spring or fall of 2024. They are actively counseling students not to rush their plans to travel to Canada, emphasizing potential delays in securing study permits. An Ontario university representative highlighted their intention to wait another week before finalizing admission plans. Depending on the evolving situation, they will determine whether to issue admission letters for January, May, or fall 2024. Their goal is to ensure that students do not need to defer admissions due to visa-related issues.

emerging market debt index which may cause billions of dollars of inflows into India. As per reports, quoting JPMorgan, India's local bonds will be included in the Government Bond Index-emerging markets (GBI-EM) index and the index suite, benchmarked by about $236 billion in global funds. The inclusion of Indian bonds will start on June 28, 2024, and extend over 10 months with one per cent increments on its index weighting, as India is expected to reach the maximum weighting of 10 per cent, according to JPMorgan.

RR Kabel shares were listed on September 20 at a 14% premium to issue price. RR Kabel share price began trading at ₹1,179 on BSE and ₹1,180 on NSE as compared to the issue price of ₹1,035 per share. The stock has been rising since listing and is up more than 15% from the issue price.

Stock market today: Downtrend in Vedanta shares continued for third straght session during Friday morning deals. Vedanta share price today opened higher at ₹228.50 per share levels but profit booking triggerd within few minutes of stock market's opening bell and the stock hit new 52-week low of ₹222.55 apiece on NSE.

Stock market today: Shares of Zaggle Prepaid Ocean Services Limited listed on BSE and NSE in a special per-open session during Friday deals. Zaggle share price opned at ₹162 on BSE whereas it listed on NSE at ₹164 apiece levels. Thus, the fintech stock listed in discount on BSE while it had a par listing on NSE.

Nifty PSU Bank index jumped over 2% on Friday's trading session after JP Morgan decided to include Indian government bonds in its widely watched emerging-market debt index. Shares of Central Bank of India, Canara Bank, Indian Bank , Union Bank of India, and Bank of Baroda gained 4% to 5% on Friday's session. Canara Bank share price and Union Bank of India shares touched new 52-week high today, while State Bank of India shares were trading close to their 52-week high.

These 21 schemes were from ELSS, flexi cap, focused fund, large & mid cap, large cap, mid cap, multi cap, small cap, and value fund categories. Around six large cap schemes have more than Rs 20,000 crore AUM, followed by four flexi cap schemes. Three mid cap, and small cap schemes, one ELSS, focused fund, large & mid, multi cap, and value fund also managed assets of more than Rs 20,000 crore. Out of 21 schemes, 11 schemes have outperformed their benchmarks and category average in one year. In the three-year horizon, only nine schemes managed to outperform their benchmarks and category average. Only nine schemes outperformed their respective benchmarks and category average in both the horizons.

Bajaj Holdings & Investment Ltd. traded 0.11 per cent down at Rs 7338.0 at 11:26AM (IST) on Friday, even as BSE benchmark Sensex gained 34.51 points to 66264.75. The scrip had settled at Rs 7346.35 in the previous session.

foreign exchange rates. From banks, travel aggregators to money changers, various small and big players sell foreign exchange.

₹134.50 per share, 6.7% higher than the issue price of ₹126, and on the BSE, Samhi Hotels share price was listed at ₹130.55 per share. Samhi Hotels IPO opened for subscription on Thursday, September 14, and will closed on Monday, September 18. Samhi Hotels IPO was subscribed 5.33 times on day 3.

Analysts are mixed on the IPO mainly due to the competitive nature of the industry in which the company operates. «We advise investors to wait and watch the performance of the company once the stock is listed and then take a call,» said Avinash Gorakshakar of Profitmart Securities while recommending an «Avoid» rating. However, StoxBox said the company's product catalogue, stronghold in the southern markets and a good track record are some of the key positives driving the company's future prospects. «The pricing looks attractive vis-à-vis its peers as it values MVGJL at 11.7x of its FY23 earnings. We, therefore, recommend a SUBSCRIBE rating to the issue,» it said. Vaibhav Jewellers is one of the earlier entrants in the organised jewellery retail market of Andhra Pradesh and continues to focus on regional expansion into the high-growth untapped regions within the micro-markets of Andhra Pradesh and Telangana. About 77% of its retail showrooms are in tier-2 and tier-3 cities and the rest are in Hyderabad and Visakhapatnam catering to urban consumers. The IPO comprises a fresh issue of Rs 210 crore and an offer for sale (OFS) of up to 28 lakh equity shares.

₹162 apiece on the BSE, a discount of 1.22% to the issue price of ₹164 per share. Zaggle Prepaid share price opened at ₹164 apiece on NSE. Zaggle Prepaid IPO received strong response from investors during IPO subscription period from September 14 to September 18.

Bonus shares 2023: Berger Paints shares witnessed buying interest during early morning deals on Friday as the stock is trading ex-bonus today. After price adjustment, Berger Paints shares opened lower at ₹627.30 apiece on BSE but it soon gained momentum and hit intraday high of ₹643.50 per share levels, logging over 2 per cent intraday rise during Friday session.

₹815.95 against the previous close of ₹828.05 and fell 5.45 per cent to the level of ₹782.90 on BSE. As Mint reported, Glenmark Pharmaceuticals announced on Thursday (September 21) that it would sell a 75 per cent stake in its subsidiary unit Glenmark Life Sciences, to Nirma for ₹615 per share for an aggregate consideration of ₹5.651.75 crore. The Mumbai-based drugmaker will continue to own a 7.84 per cent stake in Glenmark Life Sciences with the stake reduction.

Manoj Vaibhav Gems IPO: The initial public offering (IPO) of Manoj Vaibhav Gems 'N' Jewellers Limited has opened for subscription today. The public issue will remain open for bidding till 26th September 2023. The south Indian jeweller has fixed Manoj Vaibhav Gems IPO price band at ₹204 to ₹215 per equity share.

₹58,730 per 10 gm on Multi Commodity Exchange (MCX), and went on to hit an intraday high of 58,778, and a low of ₹58,729. Around 9.20 a.m., MCX Gold for October 5 delivery traded 0.08 per cent lower at ₹58776 per 10 grams.

₹625.10 against the previous close of ₹627.10 and slipped 2.3 per cent to the level of ₹612.75. On Thursday (September 21), the company said Nirma had agreed to buy a 75 per cent stake in it for ₹5,651.5 crore in a deal that values the company at ₹7,535.4 crore. Mint reported first on 15 August that the cement-to-detergent maker was the sole bidder for the stake put on the block by parent Glenmark Pharmaceuticals Ltd, which is selling shares to Nirma at ₹615 apiece.