Advanced Financial Portfolio Planning and Wealth Management

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Fund Performance

The company intends to utilise the net proceeds from its issue towards capital expenditure, repayment of debt and incremental working capital requirements, other than general corporate purposes.
2022-09-28T07:55:25+05:30


The company engaged in engineering consultancy services and construction has ongoing projects in 30 countries. Some of its listed peers in the segment are Ircon International, Rites, Engineers India, NBCC, and VA Tech Wabag.
2022-09-27T06:25:58+05:30


Harsha Engineers International made a strong debut on Monday in a weak market, with its shares listing at ₹450 on the NSE, a premium of 36% over its issue price of ₹330.
2022-09-27T06:21:58+05:30


Swastik Pipes is promoted by Sandeep Bansal, Anupama Bansal, Shashwat Bansal and Geeta Devi Aggarwal. The company has been a leading manufacturer and exporter of T.T. Swastik Band high-quality mild steel/carbon steel ERW black and galvanized pipes/tubes since 1973.
2022-09-26T20:14:05+05:30


WAPCOS has ongoing projects in 30 countries and has been associated with over 455 overseas projects, both completed and ongoing. It was placed third among the top five Indian corporations for consulting services between 2017 and 2021. Some of its listed peers in the segment are Ircon International, Rites, Engineers India, NBCC, and Va Tech Wabag.
2022-09-26T12:39:27+05:30


Shares of Harsha Engineers are losing steam in the grey market as sentiments turn sour in the secondary market. Over the issue price of Rs 330, the company's shares are being exchanged at a premium of Rs 160-165, which was Rs 240 at its peak.
2022-09-24T10:50:13+05:30


The Rs 755-crore Harsha Engineers IPO comprises the issuance of fresh equity shares worth Rs 455 crore, whereas existing shareholders and promoters will offload Rs 300 crore from the stake via offer for sale (OFS). The price band for the share sale has been fixed at Rs 314-330 apiece.
2022-09-23T14:47:57+05:30


​Oyo, formally known as Oravel Stays Ltd., filed a fresh round of financial documents with India’s market regulator on Monday as it plans for a stock-market debut after cost cuts and recovery in travel helped it reduce losses.
2022-09-23T05:48:27+05:30


Divgi is an automotive component entity which has the capability to develop and provide system level transfer case, torque coupler, and Dual Clutch Automatic Transmission (DCT) solutions. It has three manufacturing and assembling facilities located across India.
2022-09-22T18:11:12+05:30


Omnichannel furniture seller Pepperfry is looking to file its draft initial public offering (IPO) papers with the Securities and Exchange Board of India (Sebi) between October and December, and aims to list on the stock exchanges next year, according to a person aware of the matter."They are looking to file the draft red herring prospectus (DRHP) in the subsequent quarter," the source said, adding that the company would take a final call by November.
2022-09-22T05:47:24+05:30


“I think IPOs have taken a breather but it will be probably three to six months away from coming back,” Debasish Purohit, co-head of India investment banking at Bank of America, said in a Bloomberg Television interview on Wednesday. Some of last year’s IPO activity has more recently given way to sales of secondary shares, which are quicker and give holders a chance to monetize their stakes, Purohit said.
2022-09-21T14:36:54+05:30


The trend is eerily familiar to market participants in Hong Kong, which was a hotbed for mysterious moves in tiny stocks before a regulatory crackdown brought new offerings to a virtual halt. As small Chinese companies that might otherwise have listed in Hong Kong turn to the US as an alternative, Network 1 has emerged as one of the most active players in this growing corner of the market.
2022-09-20T14:25:42+05:30


The Rs 755-crore Harsha Engineers IPO consists of the issuance of fresh equity shares worth Rs 455 crore, whereas existing shareholders and promoters will offload Rs 300 crore from the stake via an offer for sale (OFS).
2022-09-20T12:53:24+05:30


The company filed draft IPO papers with the capital market watchdog on June 20 this year, after which its received the update an observation letter from the regulator on September 13. Sebi’s observation letter is suggestive of the regulator’s go ahead for the public issue.
2022-09-20T09:06:17+05:30


According to the draft documents, the company's customer base increased to 25.77 million in FY22 from 14.27 million in the year ago period. The group sold close to 7.76 million policies in FY22, compared to 5.55 million policies in FY21.
2022-09-20T06:16:20+05:30


In August, the Fairfax Group-backed company filed draft documents for its IPO, looking to raise Rs 1,250 crore from a fresh issue of shares and an offer for sale (OFS) of 109.4 million equity shares.
2022-09-19T18:40:19+05:30


Oyo and founder Ritesh Agarwal are trying to pull off a successful IPO after a series of setbacks in their efforts to change the hotel and lodging industry. SoftBank Group Corp. founder Masayoshi Son was an early and enthusiastic backer, and the Japanese conglomerate holds about 47% in the Gurgaon-based startup. The 28-year-old Agarwal owns about one third.
2022-09-19T11:07:07+05:30


This is Inox Green Energy Services' second attempt to go public. In February, the company had filed the Draft Red Herring Prospectus (DRHP) for its proposed IPO with the markets regulator Sebi.
2022-09-19T09:35:19+05:30


Stock listings in Asia have raised $104 billion this year, accounting for a record 68% of global volume, data compiled by Bloomberg show. By contrast, US IPOs represent just 14% of the $153 billion fetched globally, the lowest ever for what has traditionally been the busiest listings market in the world.
2022-09-18T09:28:28+05:30


The IPO was a mix of a fresh issue of shares aggregating to ₹455 crore and an offer for sale of up to ₹300 crore. On Tuesday, the company raised ₹226 crore from anchor investors ahead of its public issue by allotting 68.41 lakhs shares to institutions.
2022-09-17T10:03:44+05:30


Following the announcement, shares of Patanjali Foods, which was earlier known as Ruchi Soya and eventually re-branded following the acquisition by Baba Ramdev-led Patanjali Ayurved, were trading 0.6 per cent higher at Rs 1,351 at 1 pm. The stock has rallied nearly 60 per cent year-to-date.
2022-09-16T13:25:09+05:30


The company’s initial public offering comprises an offer for the sale of 4 crore equity shares by the promoters and existing investors.The offer for sale comprises up to 1 crore shares by promoter Juneja family, up to 2 crore shares by Capital International, up to 99.65 lakh by Beige, and up to 50,000 equity shares by Link Investment Trust.
2022-09-16T12:20:22+05:30


Investor roadshows are due to complete this Friday, several sources said, allowing time for senior executives to hold discussions over the weekend before opening the book building process early next week.
2022-09-16T11:16:41+05:30


The IPO consisted of the fresh issue of 15.8 million shares. The Thoothukudi-based private lender allotted 71,28,000 equity shares to 10 anchor investors ahead of the IPO, raising ₹363.53 crore at ₹510 apiece.
2022-09-16T07:25:20+05:30


RRB’s planning to make an initial public offering to raise capital must have at least Rs 300 crore of net worth for the previous three years, according to the draft guidelines, issued on Wednesday. They should also have their capital adequacy above the regulatory minimum level of 9%.
2022-09-15T16:50:01+05:30


The company has reserved 50 per cent of the net offer for qualified institutional buyers (QIBs), whereas non-institutional buyers (NIIs) will get a 15 per cent allocation. Retail bidders will get the remaining 35 per cent allocation.
2022-09-15T13:28:55+05:30


Incorporated in 1921, Tamilnad Mercantile Bank offers an array of banking and financial services to retail customers, micro, small, and medium enterprises (MSMEs), and more.
2022-09-15T10:02:20+05:30


"Very much (it is on track). First component is, we wanted to raise Rs 20 crore but we actually raised Rs 23 crore of which Rs 17 crore was through equity and Rs 6 crore by means of CCD (compulsory convertible debenture). Second, we are into private equity raise which is on track right now.
2022-09-14T19:36:28+05:30


The issue, which kicked off for subscription on Wednesday, September 14, can be subscribed till Friday, September 16. The company will be selling its shares in the range of Rs 314-330 apiece to raise Rs 755 crore via its initial stake sale.
2022-09-14T12:19:37+05:30


The company is selling its shares in the range of Rs 314-330 apiece. It is offering a discount of Rs 31 per equity share to its eligible employees. The lot size for the issue has been fixed at 45 equity shares.
2022-09-14T10:06:41+05:30


Navi Technologies was issued the "observation letter" by Sebi on September 5, according to the latest update on the regulator's website.
2022-09-12T18:54:42+05:30


The operating margin of Harsha is stable and the pressure of higher raw material costs is passed through with a lag of around three months. The company’s return on equity (RoE) improved to 19% in FY22 from 6% in FY20 with increasing capacity utilization and improving product mix with higher diameter cages.
2022-09-12T13:57:12+05:30


The company's Rs 832 crore primary offering was sold in the range of Rs 500-525 per equity share. The issue had received a muted response from all the categories of investors, subscribing 2.86 times between September 5-7.
2022-09-10T13:20:49+05:30


In the IPO, 50% of the shares will be reserved for qualified institutional buyers. Non-institutional bidders and retail individual bidders will be allotted 15% and 35%, respectively. Proceeds from the fresh issue of up to Rs 270 crore will be utilised for debt repayment, the company said.
2022-09-10T08:10:47+05:30


Ahmedabad-based Harsha Engineers has five manufacturing facilities with two facilities at Changodar and one at Moraiya, near Ahmedabad in Gujarat, and one manufacturing unit each at Changshu (China) and Ghimbav Brasov (Romania).It claims to have a 50 per cent market share in the organised segment of the Indian bearing cages market and a 5.2 per cent market
2022-09-09T15:16:05+05:30


The demand to invest in the Tamil Nadu-based bank hasn’t been deterred by minority shareholders’ objections and various curbs imposed on it. The lender needs permission from a high court to hold annual shareholder meetings and has been restricted by the central bank from opening new locations.
2022-09-09T10:42:57+05:30


Harsha Engineering offers a diverse suite of precision engineering products across geographies and end-user industries, including automotive, aviation and aerospace, railways, construction, mining, renewable energy, agriculture and more. The company has five manufacturing facilities.
2022-09-09T08:47:34+05:30


Medical equipment manufacturer Aprameya Engineering has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering.
2022-09-09T07:03:48+05:30


The IPO will allow Samara Capital an opportunity to dilute its 51% stake in the holding company of More Retail, Witzig Advisory Services. Samara Capital owns the stake through Samara Alternate Investment Fund. The balance 49% in Witzig is owned by Amazon through two entities - Coda Holdings Singapore and Coda Holdings LLC.
2022-09-09T05:29:01+05:30


Attracting interest from a broad range of investors was important, Blume said, declining to comment on what proportion of Porsche shares Volkswagen plans to offer to retail investors as part of the planned flotation.
2022-09-08T17:11:06+05:30


As of Thursday, shares of TMB were commanding a premium of Rs 20-25 in the unofficial market, which was Rs 3 a day ago, when the issue closed for subscription. Despite the rise, the premium is still less just five per cent compared to the IPO price.
2022-09-08T15:38:15+05:30


The public issue was sold in the price band of ₹500-525. The private lender raised ₹363.53 crore on Friday by allotting 71,28,000 shares to 10 anchor investors at ₹510 apiece.
2022-09-08T06:30:20+05:30


Analysts attribute the listing gains to the company's bright prospects and strong response from investors. "The company will be one of the biggest beneficiaries of the rising air travel in India, and due to its first mover advantage and dominant position in the lounge access market, the company is poised to grow exponentially in the future," aid Santosh Meena, head of research at Swastika Investmart.
2022-09-07T06:22:40+05:30


The entire money thus raised will be used to retire debt, a statement from the company said on August 30.According to the DRHP, the entire proceeds from the IPO (Initial Public Offering) will also be used to retire debt and post-issue which will be entirely fresh issue of shares, the company will be net debt-free.
2022-09-06T20:50:33+05:30


Volkswagen triggered a listing of sportscar brand Porsche late on Monday after months of deliberation, but cautioned the move was still subject to developments in capital markets.Some investors criticised the timing for a stock market debut, with European shares on a downward spiral, inflation at record highs and Russia halting gas supply to Europe through the main Nord Stream 1 pipeline.
2022-09-06T14:03:21+05:30


As per the Technopak report, in FY21, the company had an approximate market share of 14 per cent of the organised market. Other key players that have presence in Andhra Pradesh and Telangana are-- Tanishq, Kalyan Jewellers, Malabar Gold Pvt Ltd, GRT Jewellers and Joyalukkas.
2022-09-06T12:39:02+05:30


TMB is one of the oldest and leading old private sector banks in India with a history of almost 100 years. It has a loyal customer base as 79.78 per cent of its customers have been associated with the bank for a period of more than five years
2022-09-06T11:18:44+05:30


Going by the draft papers, proceeds from the fresh issue will be used for investment in the company's arm Concord Enviro FZE in relation to financing the construction of an assembly unit in Sharjah International Airport Free Zone.
2022-09-06T06:37:36+05:30


The public issue is entirely an offer-for-sale (OFS) of up to 21.7 million shares by the promoters and other shareholders to the tune of around ₹1,800 crore, said bankers. The company operates under the "Blue Jet" brand offering niche products targeted at innovator pharmaceutical companies and multinational generic pharmaceutical companies.
2022-09-06T06:25:08+05:30


The initial public offer of 1.58 crore equity shares is in a price range of ₹500-525 per share. Private sector lender Tamilnad Mercantile Bank on Friday mobilised a little over ₹363 crore from anchor investors. The issue will conclude on September 7. At the upper end of the price band, the bank is expected to mobilise ₹831.6 crore through the IPO.
2022-09-06T06:15:26+05:30


The government wants to be self-reliant in its funding, and is prepared to handle any selloff in its debt market should inclusion fail to happen, the people said. The nation is borrowing a record 14.3 trillion rupee ($176 billion) this fiscal year.
2022-09-28T08:49:49+05:30


Tata Consultancy Services Ltd., incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 1104100.46 Crore) operating in IT Software sector.
2022-09-28T08:49:46+05:30


In respect of the bonus share issue, the company intimated the revised record date as September 29, 2022. “We would like to inform that the fresh record date for the purpose of issuance of bonus shares is fixed on 29th September 2022”, said the company’s filing to the exchange.
2022-09-28T08:39:22+05:30


Pondy Oxides and Ram Ratna Wires shall trade ex-bonus for bonus share issuances in the ratio of 1:1 today. Also, Excel Realty shall go ex-bonus in respect of its 1:2 bonus share issuance today. The company will also trade ex-split for the sub-division announced in its face value from Rs 10 to Re 1.
2022-09-28T08:35:33+05:30


Stocks that were in focus included names like Dish TV, which fell more than 6 per cent, Power Grid, which rose nearly 2 per cent, and Gujarat Gas, that rallied nearly 6 per cent.
2022-09-28T08:30:21+05:30


George Saravelos, global head of FX strategy at Deutsche Bank, said investors now wanted more to finance the country's deficits, including a 200-basis-point rate hike by November and a terminal rate up at 6%.
2022-09-28T08:02:07+05:30


The company intends to utilise the net proceeds from its issue towards capital expenditure, repayment of debt and incremental working capital requirements, other than general corporate purposes.
2022-09-28T07:55:25+05:30


Asian stocks fell sharply once again as traders kicked off a fresh day of trading Wednesday, tracking losses in New York and Europe fuelled by long-running recession fears. MSCI's index of Asia-Pacific shares outside Japan was trading 1.54 per cent lower.
2022-09-28T07:51:30+05:30


​​​Meanwhile, Chicago Fed President Charles Evans said the central bank will need to raise interest rates to a range between 4.50% and 4.75%. * Though gold is seen as a hedge against inflation and economic uncertainties, rate hikes have dented the non-yielding bullion's appeal and pushed the dollar to multi-year highs.
2022-09-28T07:32:51+05:30


India's third largest private sector lender, Axis Bank, will invest around Rs 50-70 crore to acquire a little less than a 10 per cent stake in Fairfax-backed Go Digit Life Insurance.
2022-09-28T07:17:21+05:30


2022-09-28T07:16:43+05:30


In the latest flare-up in the euro zone's gas crisis and an escalation of geopolitical tension, Europe was on Tuesday investigating what Germany, Denmark and Sweden said were attacks which had caused major leaks into the Baltic Sea from two Russian gas pipelines at the centre of an energy standoff.
2022-09-28T07:00:37+05:30


The S&P 500 touched a session low of 3,623.29, its lowest point on an intraday basis since Nov. 30, 2020. A late rally helped push the index off its worst level of the day, but the index still closed lower for a sixth straight session as it lost 7.75 points, or 0.21%, to 3,647.29 .
2022-09-28T06:36:01+05:30


While U.S. crude oil in storage rose by about 4.2 million barrels for the week ended Sept. 23, according to market sources on Tuesday citing figures from industry group the American Petroleum Institute, gasoline inventories fell by about 1 million barrels.
2022-09-28T06:23:56+05:30


The tower company shot off this warning to Vodafone Idea in a strongly-worded letter written on Monday, said two people aware of the matter. This followed an Indus Towers board meeting earlier in the day that discussed the company's mounting trade receivables and noted that it was mainly due to payment delays by Vi.
2022-09-28T06:07:18+05:30


The Mukesh Ambani-led company is now building JioMart as a full-fledged marketplace with presence across categories to take on market leaders Amazon and Flipkart, they said.
2022-09-28T06:00:00+05:30


2022-09-28T06:00:00+05:30


Last month, Singtel announced plans to sell a 3.33% stake in Airtel to BTL as part of plans to boost shareholder returns and increase return on invested capital.
2022-09-28T00:19:51+05:30


The company had sought approvals from the shareholders for six resolutions at its annual general meeting held on September 26, out of which the ratification of remuneration of cost auditors for financial years 2021-22 and 2022-23 were approved.
2022-09-28T00:18:46+05:30


Eneva Brazil has given the highest offer of ₹2,800 crore, or the equivalent of $350 million, which is about 9% of claims, one of the persons said. Twin Star Overseas, owned by billionaire Anil Agarwal of Vedanta, has offered ₹1,200 crore or $150 million, which is about 4% of the claim amount, the same person said.
2022-09-28T00:05:50+05:30


Without directly seeking an extension, the Merchant Payments' Alliance of India (MPAI) requested the RBI to mandate system participants to demonstrate the same level of success rate in token and card-based payments in a letter dated September 26. The letter also requests that all existing e-mandates based on card details be immediately transferred to tokens.
2022-09-27T23:55:34+05:30


The Daily Price Limits (DPLs) define the maximum range within which the price of a commodity futures contract can move in one trading session. Such limits protect investors from sudden and extreme price movements and provide a cooling-off period to re-assess the information and fundamentals impacting the price of the commodity futures contract.
2022-09-27T20:47:50+05:30


The Dow Jones Industrial Average, the S&P 500 and the Nasdaq Composite added between 1% and 2% after Wall Street fell deeper into a bear market in the previous session. Benchmark 10-year Treasury yields ticked up from Monday's 12-year high and the dollar eased from 20-year highs on a basket of currencies.
2022-09-27T20:17:45+05:30


Such borrowings which are in addition to interbank and RBI borrowings essentially comprising various kinds of bonds raised from the market have doubled to Rs 4.95 lakh crore in early September from Rs 2.43 lakh crore a year ago, according to the latest Reserve Bank data.
2022-09-27T20:12:13+05:30


2022-09-27T20:01:06+05:30


2022-09-27T19:18:21+05:30


2022-09-27T19:15:03+05:30


At 10:10 a.m. ET, the Dow Jones Industrial Average was up 114.32 points, or 0.39%, at 29,375.13, the S&P 500 was up 21.07 points, or 0.58%, at 3,676.11, and the Nasdaq Composite was up 103.40 points, or 0.96%, at 10,906.32.
2022-09-27T19:13:46+05:30


BPCL has a market capitalisation of Rs 67,301 crore, which is in the refining of crude oil and marketing of petroleum products."There is an increase of more than 2 per cent in the holding during the period from December 28, 2021, to September 26, 2022," LIC said.
2022-09-27T19:08:46+05:30


Those interest rate increases are pumping up the value of the dollar - the go-to currency for much of the world's trade and transactions - and causing economic turmoil in both rich and poor nations. In Britain and across much of the European continent, the dollar's acceleration is helping feed stinging inflation.
2022-09-27T19:00:12+05:30


Investors had expected a decision on this could come as early as this month when operators meet to review the composition of the index and after Russia's exit earlier this year. The latter led foreign investors to step up purchases of Indian government bonds with no investment cap.
2022-09-27T18:47:57+05:30


IHH had won a bid for a 31% stake in Fortis in 2018, which triggered an open offer for another 26% as per Indian regulations. Minority shareholders of Fortis would have had the right to tender their shares at a fixed price during this period. However, it could not be triggered.
2022-09-27T18:47:48+05:30


2022-09-27T18:35:03+05:30


Chart readers said more weakness is in line for the banking index as heavyweights are not showing resilience to the free fall. A close below the 38,000 level would stretch the banking index towards the 37,200 mark.
2022-09-27T18:30:45+05:30


This will give access to blockchain information across any of the several blockchains supported by Pocket. ‘Pay-as-you-go’ (PAYG) and ‘Always Free’ tiers are part of the recently customised Pocket Portal service plans.
2022-09-27T18:28:19+05:30


“Nifty formed a Bearish candle on the daily scale and has been making lower highs - lower lows from the last five trading sessions. Now, till it remains below 17,166 zones, weakness may be seen towards 16,800 and 16,666 zones whereas hurdles are placed at 17,166 and 17,250 zones,” said Chandan Taparia of Motilal Oswal Financial Services.
2022-09-27T18:10:48+05:30


2022-09-27T17:57:16+05:30


The list includes some blue-chip names, including Tech Mahindra, Bharti Airtel, Tata Steel and Wipro, which have outperformed consistently to deliver strong performance.
2022-09-27T17:39:47+05:30


Hero MotoCorp, Adani Ports SEZ, Tata Steel, Titan Company and Kotak Bank were among the top losers on NSE in today's trade.
2022-09-27T17:27:07+05:30


“From a portfolio strategy perspective, this is the right time to allocate cash to sectors you think can do well. I would say the sectors which have been beaten down quite terribly and which have good prospects of doing well in terms of profitability are the ones one should look at. ”
2022-09-27T17:22:06+05:30


The 30-share BSE Sensex closed down 37.7 points at 57107.52
2022-09-27T17:22:01+05:30


The 30-share BSE Sensex closed down 37.7 points at 57107.52
2022-09-27T17:16:54+05:30


In the Nifty pack, 27 stocks closed in the green, while 23 stocks ended in the red.
2022-09-27T17:11:46+05:30


The 30-share BSE Sensex closed down 37.7 points at 57107.52
2022-09-27T17:06:38+05:30


2022-09-27T17:01:43+05:30


The Nifty Auto index closed 0.51 per cent down at 12529.8.
2022-09-27T17:01:28+05:30


The NSE Nifty index closed 8.9 points down at 17007.4
2022-09-27T16:56:21+05:30


The NSE Nifty index closed 8.9 points down at 17007.4
2022-09-27T16:51:13+05:30


Skincare product maker- Curatio has a strong presence in the cosmetic dermatology segment with a portfolio of over 50 brands, marketed in India. Curatio’s portfolio consists of leading brands such as Tedibar, Atogla, Spoo, B4 Nappi, and Permite, which are ranked amongst top 5 brands in their covered market.
2022-09-27T16:47:36+05:30


The Nifty Realty index closed 0.27 per cent down at 417.05.
2022-09-27T16:46:05+05:30

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