Bank of America (BofA) has resumed its coverage on One 97 Communications with ‘Underperform’ rating and a target price of Rs 400 which is a 3% downside from the Monday closing price of Rs 412.20 on the NSE. The company which operates Paytm is expected to witness a gradual growth in its lending business, the … Read more
The shares of Popular Vehicles and Services debuted on the exchanges with a discount of 2% on Tuesday. The stock listed at Rs 289.2 on NSE, compared to an offer price of Rs 295. Meanwhile, the stock listed at Rs 292, down 1% on BSE. Ahead of the listing, the company’s shares had no premium … Read more
Mumbai: Both the management and minority shareholders of India’s leading broking firm, ICICI Securities, are gearing up for the extraordinary general meeting (EGM) scheduled on March 27 for the firm’s delisting. At this meeting, approval for the company’s scheme of arrangements with ICICI Bank will be sought. While the company has engaged the services of … Read more
After a successful IPO, the shares of Owais Metal and Mineral Processing debuted on the NSE SME platform on Monday with a premium of 187.4%. The stock was listed at Rs 250 as against an issue price of Rs 87. Ahead of the debut, the GMP of Owais Metal was robust at Rs 140. The … Read more
ET Intelligence Group: Integrated marketing services provider RK Swamy plans to raise up to ₹423.5 crore through an initial public offering (IPO). This includes a fresh issue of ₹173 crore and an offer for sale (OFS) of ₹250.5 crore. Promoters Srinivasan K Swamy and Narasimhan Krishnaswamy and investors such as Evanston Pioneer Fund LP and … Read more
The shares of Thai Casting listed with a premium of 141.4% on the NSE SME platform on Friday. The stock debuted at Rs 185.9 as against an issue price of Rs 77. Ahead of the listing, the company’s shares traded with a premium of Rs 70 in the unlisted market. The IPO, which is an … Read more
Mumbai: BSA, the legendary British motorcycle brand, is set to make deeper inroads in the UK with Mahindra & Mahindra-owned Classic Legends, the brand’s new owner, gearing up to start building a new factory in the UK from the next financial year. These motorcycles will be produced in the UK for the domestic market and … Read more
Mumbai: IRB Infrastructure, backed by Singapore’s GIC, is exploring the overseas bond market to raise $300 million, mainly to refinance the earlier bonds. The company is in talks with Barclays, Deutsche Bank and JP Morgan to give the fundraising mandate. Proceeds will be used to refinance the earlier bond raised in 2021. Back then, IRB … Read more
With company ramping up production of Range Rover and Defender, the volume for full fiscal is expected to rise 24% to 400,000 units and another 6-7% next fiscal. Synopsis The operating profit of the JLR surged 5.12 percentage points on a YoY basis to 8.8% in December quarter, taking the nine-month margin to 8.2%, driven … Read more
Shares of Docmode Health Technologies listed on Friday with a premium of 141% over the issue price. The stock debuted at Rs 190.25 on NSE SME platform as against an offer price of Rs 79. Ahead of the listing, the company’s shares traded with a premium of Rs 42 in the unlisted market. The public … Read more
