Five smallcap stocks, including Himadri Speciality, GMDC and IIFL Finance, saw the highest net selling by mutual funds in August, according to Motilal Oswal Financial Services.
Mumbai: Delhi International Airport (DIAL) is planning to raise ₹3,550 crore through a 15-year bond issue, according to people familiar with the matter. The proposed bond issue is expected to be priced at about 9.50%, although the final coupon is yet to be determined and will depend on market conditions and investor demand, they said….
India is not on the brink of a passive takeover. To be sure, there are still instances of large-cap funds outperforming their benchmark indices, Ajay Pruthi, Sebi Registered Investment Advisor, says, “Most investors have a job and family, in between that, spending time to research is not possible for the average investor. Therefore, it is…
Gold prices rose to a one-week high on Friday, and were on track for their first weekly gain in four, as lower oil prices eased concerns about prolonged inflationary pressures, though a stronger dollar limited gains. Spot gold was up 0.3% at $4,352.39 per ounce by 11:17 a.m. EDT (1517 GMT), after hitting its highest…
Shares of Manipal Health Enterprises, which made a strong stock market debut on Wednesday, fell nearly 6% to an intraday low of Rs 626 on Thursday, down from the previous close of Rs 666 on the BSE. The stock had listed at Rs 655, a premium of nearly 11% over its issue price of Rs…
Shares of defence companies, including Zen Technologies, ideaForge, Paras Defence, Data Patterns, Bharat Electronics (BEL) and Hindustan Aeronautics (HAL) rallied up to 6% on Monday after the Defence Acquisition Council (DAC) approved procurement proposals worth about Rs 52,000 crore. The approvals cover a wide range of acquisitions aimed at strengthening the capabilities of the Army,…
Shares of Chinese autonomous-driving software developer Momenta Global made a muted debut on the Hong Kong Stock Exchange on Wednesday, reflecting cautious investor sentiment despite the company’s successful HK$5.89 billion ($751 million) initial public offering, according to Reuters. The stock opened at HK$301, slightly above its IPO price of HK$295.60. It climbed to an intraday…