Market capitalization of eight out of the top 10 most valued companies surged by Rs 1,10,106.83 crore in the past week, with Reliance Industries Ltd (RIL) leading the gains. During this period, the 30-share BSE Sensex index rose by 716.16 points or 0.97 percent. Among the gainers were RIL, ICICI Bank, Life Insurance Corporation of […]
Indian equity indices maintained their upward momentum in the week ending February 23, building on the gains of the previous week. Despite global concerns, the Nifty50 index surged to a new record high of 22,297.50, driven by positive macroeconomic indicators and support from international markets. Investors remained optimistic despite apprehensions about escalating crude oil prices […]
As the secondary market continues its positive momentum with the Nifty 50 reaching record levels last week, the primary market is poised for significant activity. Six IPOs, collectively valued at over Rs 3,300 crore, are scheduled to debut on Dalal Street, alongside five companies slated for listing on the bourses. Platinum Industries IPO: Leading the […]
The Juniper Hotels IPO concluded with a subscription of 2.08 times on the final bidding day, February 23, as investors purchased 6.01 crore equity shares against the offer size of 2.89 crore equity shares. Qualified institutional investors (QIIs) led the participation, oversubscribing their quota by 2.96 times, while retail investors subscribed to 1.28 times their […]
Jio Financial Services Ltd achieved a milestone as its market capitalization crossed Rs 2 lakh crore for the first time, driven by a remarkable 35 percent surge in its share price since the beginning of the year. Its parent company, Reliance Industries, also reached a record high on February 23. By 10:30 am, shares of […]
Esconet Technologies made a remarkable debut, entering the market at a staggering 245.2 percent premium over the IPO price on February 23. The stock opened at Rs 290 on the NSE SME platform, surpassing the issue price of Rs 84, following an IPO that witnessed oversubscription by 500 times. The listing performance exceeded expectations, with […]
Atmastco stock saw a solid debut, opening at an 18.2 percent premium over the IPO price on February 23, starting at Rs 91 compared to the issue price of Rs 77 on the NSE SME platform. Before the listing, the shares commanded a 7 percent premium in the grey market, an unofficial trading platform where […]
Interiors and More witnessed a strong market debut, opening at Rs 270 per share on the NSE SME platform, marking an 18.9 percent premium over its IPO price of Rs 227 on February 23. Prior to listing, the stock commanded a 15 percent premium in the grey market, an informal trading ecosystem where shares trade […]
Vodafone Idea Limited witnessed an 8 percent surge to Rs 17.60 during morning trading on February 23, marking a second consecutive day of gains subsequent to a 6 percent increase in the preceding session. The upward trend is attributed to an announcement made by the telecommunications company, stating that its board of directors is scheduled […]
Mumbai-based stabiliser manufacturer Platinum Industries will float its public issue as a complete issue of fresh shares on February 27 and the anchor book will open for a day on February 26. Key Details 1.) IPO Timeline The IPO subscription window opens on February 27, 2024, and closes on February 29, 2024. 2.) Pricing Range […]