Sensex Today | Share Market Live Updates: Sensex, Nifty expect positive start; Gift Nifty in green
₹13,546 crore amid festive season after the stock market ended on a higher note for second day straight.The RBI on Thursday tightened norms for personal loans and credit cards in the form of higher capital requirements. The new norms will make personal loans and credit cards costlier and may curb growth in these categories.Several reports in US on Thursday indicated a slowing economy.
While the weaker-than-expected data are of course a signal the economy may be losing some of its strong momentum, for investors, they just as importantly may be showing that upward pressures on inflation is easing. Fedbank Financial Services has set the price band for its initial public offering (IPO) in the range of ₹133 to ₹140 per equity share, with a face value of ₹10.
The IPO subscription period is scheduled to run from Wednesday, November 22, to Friday, November 24. Anchor investors' allocation for the Fedfina IPO is slated for Tuesday, November 21.The floor price is set at 13.30 times the face value of the equity shares, while the cap price is set at 14 times.
The price to earnings ratio, based on diluted earnings per share for the financial year 2023 at the cap price, is notably high at 25.04. This is slightly lower than the average industry peer group ratio, which stands at 25.57.For potential investors, the Fedbank Financial Services IPO lot size is 107 equity shares, with subsequent multiples of 107 equity shares.
(Read More)Sajjan Jindal-led JSW Infrastructure Ltd on Thursday announced it has acquired the rights to develop a greenfield port in Karnataka with an initial capacity of 30 million tonnes per annum (mtpa). The project is set to be completed in the next five years.The company emerged as the winning bidder for developing
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