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Mutual funds witnessed significantly lower inflows during April-November 2022: Economic Survey
As per AMFI data, growth/equity-oriented schemes and solution-oriented schemes witnessed inflows of Rs 1.53 lakh crore and Rs 1,554 crore respectively.
2023-01-31T16:10:58+05:30
Axis AMC looks to garner Rs 3,000 crore from business cycles fund
The open-ended equity scheme will follow business cycle-based investing theme, the fund house said on Tuesday.
2023-01-31T15:55:03+05:30
Axis Mutual Fund launches Axis Business Cycles Fund
According to the fund house, the domestic economy is in an interesting phase right now. The onset of the Covid 19 pandemic made matters more challenging amid the NBFC crisis pre-pandemic.
2023-01-31T11:18:28+05:30
Do your mutual funds have investments in battered Adani stocks?
ETMutualFunds looked at data and found out that several mutual funds had investments in the Adani Group companies like Adani Enterprise, Adani Green Energy, Adani Ports & Special Economic Zone (SEZ), Adani Power Ltd., Adani Total Gas., Adani Transmission, Adani Wilmar, Ambuja Cement, and ACC Ltd.
2023-01-31T10:21:24+05:30
Why Target Maturity Funds are ideal for mutual fund investors at this juncture
Inflation in India went up in sync with the rest of the world and in a bid to tame inflation, the Reserve Bank of India (RBI) has raised the policy repo rate by 225 bps from 4% since May 2022 to 6.25% to 6.25% as of December 2022.
2023-01-31T09:43:02+05:30
Sandeep Tandon on Adani effect on market and Budget impact
“If we look at the Quant Fear Index, in the last two or three days, when this fall unfolded in a big way, it did not spike up to that extent to say reversal. It can settle down in the next few trading sessions. We are closer to that event which means the downside may not be very significant from the current levels.â€
2023-01-30T12:51:29+05:30
Do I need to make changes to my mutual fund portfolio?
If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
2023-01-30T11:48:57+05:30
Will Budget 2023 reduce LTCG tax on gold funds and ETFs?
To encourage retail investors to invest in gold through the mutual fund route rather than buying physical gold, AMFI had proposed that LTCG on Gold ETFs and Gold Fund of Funds should be brought down in the Union Budget 2023.
2023-01-30T10:27:08+05:30
Franklin India Bluechip Fund: Fund review
While the fund made a strong comeback in 2021, it slipped again in 2022, lagging the index sharply. This leaves its long term return profile weak, needing a lot of catch-up with index and peers.
2023-01-30T08:45:57+05:30
Has your value mutual fund delivered outsized returns?
Funds with diluted value bias have failed to make most of the current uptick.
2023-01-30T06:30:00+05:30
Equity mutual fund to shift to T+2 settlement cycle from Feb 1
From Friday, Indian equity markets moved to a T+1 settlement cycle for all stocks, shortening the settlement cycle by a day and making the availability of funds a day sooner than at present.
2023-01-27T19:59:33+05:30
Edelweiss Mutual Fund launches short duration index fund
Edelweiss CRISIL IBX 50:50 Gilt Plus SDL Short Duration Index Fund will replicate CRISIL IBX 50:50 Gilt Plus SDL Short Duration Index by investing in a diversified portfolio of Indian Government Bonds and SDLs, subject to tracking errors.
2023-01-27T13:50:45+05:30
Will these mutual funds help me to retire at 45?
If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
2023-01-27T11:49:45+05:30
ITI Mutual Fund launches ITI Flexi Cap Fund
The minimum application amount is Rs 5,000 and in multiples of Rs 1 thereafter. The fund will invest predominantly in equity and equity related instruments across market capitalisation- large cap, mid cap and small cap companies.
2023-01-27T11:41:45+05:30
Why investors should add flexi cap funds to their portfolio
This belief has translated to flexicap category being the largest equity investment category in the given scheme classification of mutual funds. The category has garnered approximately Rs 2.49 lakh crores of AUM which is in 1.25 crore folios.
2023-01-27T10:35:47+05:30
DLSS in Budget 2023? Should you invest in DLSS or ELSS?
Several fund managers believe that time is right for the government to introduce a debt mutual fund option under Section 80C. AMFI says it will also help to channelise household savings into the bond market and deepen the bond market.
2023-01-27T10:05:49+05:30
Right mutual funds for a 51-year-old investor
If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
2023-01-25T14:24:07+05:30
28 equity schemes consistently beat their benchmarks in 3, 5, 7, and 10 years
The purpose of this was to see how many schemes consistently beat their benchmarks in different periods like three, five, seven, and 10 years. Mutual fund advisors often ask investors to choose schemes that have consistently beaten their benchmarks over a long period of time.
2023-01-25T11:58:15+05:30
Will Budget 2023 bring in tax parity between mutual funds and ULIPs?
Returns from equity mutual funds are taxed depending on the period of holding the investment. ULIPs are not taxed as they are considered insurance products.
2023-01-25T11:23:15+05:30
Should you invest in Equity Savings Funds?
Conservative investors who are moving from deposits to mutual funds or those worried about a full-equity portfolio’s volatility and wanting a small allocation to stocks can consider equity savings funds.
2023-01-25T08:54:00+05:30
HDFC AMC Q3 Results: Profit up 3% YoY to Rs 369.5 crore
As of December 31, 2022, 66% of the company’s total monthly average AUM is contributed by individual investors compared to 58% for the industry.In an exchange filing, the company said that it had a market share of 12.8% of the individual monthly average AUM in the industry, making it one of the most preferred choices of individual investors.
2023-01-24T16:11:21+05:30
Manish Gunwani appointed as Head-equities at IDFC Mutual Fund
Gunwani also served as the Deputy CIO (Equities) at ICICI Prudential AMC. Gunwani graduated from IIT Madras and has a postgraduate diploma in management from IIM Bangalore.
2023-01-24T15:38:13+05:30
3 ways to reduce financial anxiety in 2023
Investors must focus on the processes and controlling the controllable and not worry too much about other things, for e.g., macroeconomic factors like interest rates, inflation and crude oil prices which are beyond one’s control.
2023-01-24T14:44:13+05:30
Fiscal deficit an important variable to track in Budget 2023, say mutual fund managers
According to fund managers, the government will most likely meet its fiscal deficit aim of 6.4% of GDP in FY23 aided by robust tax revenue growth and higher than budgeted growth in nominal GDP.
2023-01-24T14:19:37+05:30
Nippon India ETF Nifty PSU Bank BeES, Kotak Nifty PSU Bank ETF offer over 50% returns in one year
Most of the schemes in the category had high exposure in private banks. Among PSU banks, the best performing schemes had investments in Bank of Baroda, State Bank of India, and Punjab National Bank.
2023-01-24T10:33:11+05:30
Budget 2023 should bring tax parity between mutual funds and NPS
To help mutual funds penetrate further into smaller towns and cater to investors long term goal like retirement, here are a few recommendations made by Association of Mutual Funds in India (AMFI) for the Budget 2023.
2023-01-24T10:28:03+05:30
IDFC Mutual Fund in Talks to Hire Manish Gunwani as CIO
The fund house managed Rs 79,000 crore in fixed income and Rs 28,360 crore in equity as on December 31, 2022.
2023-01-24T09:36:05+05:30
Gold ETF Inflow Slumps in 2022 on Rising Prices
"A rising price (of gold) puts some pressure on investors, with people holding back investments."
2023-01-23T10:41:29+05:30
Gold and silver funds offer double-digit returns. Should you invest?
There are a total 24 schemes investing in gold at the moment. Silver funds are a new entrant to the mutual fund market. There are 12 schemes in the category, including ETFs and FOFs.
2023-01-23T10:18:40+05:30
Fund review: PGIM India Midcap Opportunities Fund
We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision.
2023-01-23T06:30:00+05:30
The curious case of Quant AMC mutual funds: Can it sustain the results for the long term?
A radically different investing style has put the fund house in the spotlight.
2023-01-23T06:30:00+05:30
Insurers want NPS tax exemption for their pension schemes, too
"There is a case to make pension plans from insurance companies on a par with NPS which has a separate limit. Globally, we have seen that separate tax saving limits for insurance goes a long way in increasing penetration and India is no exception," said Tarun Chugh, CEO Bajaj Allianz Life Insurance.
2023-01-23T00:20:23+05:30
Good time to move some funds to high-yielding bonds, says DSP Mutual Fund's Ramakrishnan
Three Indian issuers that are rated A- and below are scheduled to raise funds next week via shorter tenor bonds, indicating an improved investor appetite for such notes. The rates for these papers are in the range of 10.50-14.00%.
2023-01-20T15:52:04+05:30
10 new mutual fund offers or NFOs currently open. Should you invest?
Currently, 10 new mutual fund offers are open for investment. They are from balanced advantage fund, multicap fund, multi asset allocation fund, gilt fund, fixed maturity plan, and ETF categories.
2023-01-20T11:38:22+05:30
Small cap index schemes with low tracking error, expense ratio
There are seven index schemes in the small cap mutual fund category. These schemes are benchmarked against Nifty Smallcap 50 - TRI, and Nifty Smallcap 250 - TRI. Three small cap index funds were launched in 2022.
2023-01-20T10:10:21+05:30
Fed to deliver two 25-basis-point hikes in Q1, followed by long pause
In response to an additional question, more than 60% of respondents, 55 of 89, said the Fed was more likely to hold rates steady for at least the rest of the year than cut. That view lined up with the survey's median projection for the first cut to come in early 2024.
2023-01-20T07:52:25+05:30
Best mutual funds to build retirement corpus
If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
2023-01-19T12:07:20+05:30
Will debt mutual fund investors get better returns in 2023?
Debt Mutual funds too went through a torrid phase over the last few years lurching from one crisis to another, starting with credit defaults by ILFS and others, to the massive liquidity crisis for investors in Templeton debt funds.
2023-01-19T10:31:44+05:30
Multi asset allocation funds attract large inflows. Are they worth your money?
Many fund houses launched multi asset funds recently and some more are in the pipeline. In this scenario, the question is- are multi asset allocation funds really worth the hype?
2023-01-19T09:53:02+05:30
Best medium duration mutual funds to invest in 2023
As per Sebi mandate, medium duration funds must invest debt in and money market instruments with Macaulay duration of three and four years. As you can see, these schemes are suitable for investors looking to invest for three to four years or more.
2023-01-19T09:07:10+05:30
Fed policymakers call for further rate hikes to beat inflation
The Fed's benchmark overnight lending rate currently sits in a target range of 4.25% to 4.50%, and investors expect the Fed to lift that rate by a quarter of a percentage point at the end of its Jan. 31-Feb. 1 meeting.
2023-01-19T07:59:03+05:30
Best medium to long duration funds to invest in 2023
Long term funds lose money when the interest rates are going up. However, they make double-digit returns when the rates starts to fall . If you can take risk, here are our picks for 2023.
2023-01-18T14:19:56+05:30
Will these mutual funds help me to make Rs 1 crore?
If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
2023-01-18T12:26:13+05:30
International funds offer 16.49% in three months. What should be your strategy?
Out of 69 schemes that have been in the market, 44 schemes have offered double-digit returns in the last three months. The top performers in this category were technology ETFs. Mirae Asset Hang Seng TECH ETF has offered the highest return of 39.97% in the three-month duration, followed by Mirae Asset Hang Seng TECH ETF FoF which offered 39.25% returns.
2023-01-18T11:30:10+05:30
"International funds offer attractive diversification opportunities," says Anil Ghelani of DSP Mutual Fund
Over the last few months markets have seen a bounce back from deeply oversold readings. The European and other emerging market stocks have also seen a sharp recovery.
2023-01-18T10:25:56+05:30
How does an actively managed scheme differ from passive scheme?
The active versus passive debate is raging in mutual fund circles. Here is a primer on how an actively managed scheme works and how it differs from a passive scheme.
2023-01-18T08:47:57+05:30
WhiteOak Capital Mutual Fund launches Balanced Advantage Fund
According to the press release, the fund house’s proprietary model will provide broad guidance regarding the relative valuation levels and scope of the asset allocation opportunities in the market.
2023-01-17T14:05:19+05:30
Mid cap index schemes with low tracking error, expense ratio
There are 11 index schemes in the mid cap mutual fund category, according to Ace Mutual Fund database. These schemes are benchmarked against Nifty Midcap 150 - TRI, Nifty Midcap 50 - TRI, NIFTY Midcap150 Quality 50 - TRI, and Nifty Midcap150 Momentum 50 - TRI.
2023-01-17T11:29:46+05:30
Baroda BNP Paribas Mutual Fund launches NIFTY SDL December 2026 Index Fund
The scheme will have two Plans: Regular and Direct. Each Plan offers growth option and income distribution cum capital withdrawal (IDCW) option. The maturity of the scheme will be December 31, 2026.
2023-01-17T10:30:03+05:30
Asset allocation is key in 2023, says Chirag Mehta of Quantum Mutual Fund
We are optimistic on Autos, not only from a valuation perspective but from a growth perspective also. Apart from autos, banking is expected to do well as credit growth is picking up. Third sector that is a value buy is IT.
2023-01-17T10:11:41+05:30
Adani Enterprises FPO fully subscribed; Group survives Hindenburg attack with NII support
2023-01-31T15:56:11+05:30
Digit Insurance to revamp $440 mln IPO again after regulator concerns
Such rights allow an employee to receive a bonus equivalent to the rise in the company's stock price over a certain period - something Indian regulations prohibit for companies going public.
2023-01-31T13:20:50+05:30
Bajaj Solutions gets Sebi nod to float IPO
Balaji Solutions' revenue from operations stood at Rs 482 crore in FY22, falling marginally due to normalisation post-easing of Covid-19 lockdown restrictions, while profit for the same period came in at Rs 15 crore.
2023-01-31T13:19:09+05:30
Balaji Solutions, Enviro Infra Engineers get Sebi nod to float IPO
The company may consider a pre-IPO placement aggregating up to Rs 24 crore. If such placement is completed, the fresh issue size will be reduced. Proceeds from its fresh issuance worth Rs 86.60 crore will be utilized for funding incremental working capital requirements of the company, and general corporate purposes.
2023-01-31T11:59:52+05:30
Abu Dhabi-based IHC commits $400 million to Adani Enterprises FPO
Additionally, AEL is close to receiving further investment commitments of $1-1.1 billion (around ₹8,100-9,000 crore) from investors in Middle East and Southeast Asia with the announcement expected on Tuesday when the FPO closes, said a person directly aware of the matter.
2023-01-31T06:55:39+05:30
FirstMeridian Business Services files fresh draft papers for IPO; cuts issue size to Rs 740 crore
Incorporated in 2018, FirstMeridian provides a wide range of service offerings, including general staffing and allied services, by offering solutions for contract staffing, workforce automation, trade marketing, and global technology through short and long-term technology contract staffing
2023-01-30T17:52:18+05:30
Abu Dhabi’s IHC to invest $400 million in Adani Enterprises FPO
IHC will make the investment through its subsidiary Green Transmission Investment Holding RSC Limited.
2023-01-30T17:00:43+05:30
Adani Group says FPO to continue as planned; rules out changes in price, dates of FPO
2023-01-28T22:37:34+05:30
Adani Enterprises’ FPO gets a muted start
According to the offer documents, the company proposes to use '4,165 crore of the issue proceeds to repay the debt owed by the company and three subsidiaries - Adani Airport Holdings, Adani Road Transport and Mundra Solar.
2023-01-28T09:07:29+05:30
What is an FPO & how does it benefit the company, shareholders?
2023-01-25T13:17:20+05:30
Adani FPO open from Friday: Dates, price band, review, other details in 10 points
The basis of allotment of FPO would be finalised by 3 February and shares would be credited to successful applicants' demat accounts by 7 February. The new equity shares would be available for trading the next day on 8 February.
2023-01-25T11:58:15+05:30
PayMate India told to re-file IPO papers with updated info
The capital markets regulator said it returned PayMate's offer document back to its merchant bankers on January 17. PayMate said in a press release it aims to submit the mandatory system audit report (SAR) to the Reserve Bank of India by the second week of February. Submission of SAR to the central bank is part of the standard operating protocol to receive final approval from the central bank as payment aggregator, it said.
2023-01-25T06:28:10+05:30
Hotel development and investment firm SAMHI planning to file revised DRHP
The Goldman Sachs- and Equity International-backed company had filed a DRHP with the markets regulator in 2019 to raise about Rs 1,900 crore through an initial public offering of shares, but the plan was shelved due to the pandemic.
2023-01-24T10:42:23+05:30
Avalon Tech gets Sebi nod for IPO; PayMate India asked to refile draft papers
The company plans to use the proceeds from the fresh issue to repay outstanding loans availed by it and its subsidiary Avalon Technology and Services Pvt Ltd, and also to meet working capital requirements
2023-01-23T19:36:31+05:30
Reliance Jio, Retail IPOs unlikely this year: JP Morgan
RIL is currently in a mini-capex cycle across petrochem, telecom (Jio) and new energy businesses, bringing the focus back on the company's capex and rising debt. "While RIL does not give a capex guidance, we expect overall spending levels to moderate as spectrum acquisition is behind us and large immediate spending in the new energy business is unlikely," the brokerage said.
2023-01-23T13:27:38+05:30
Gautam Adani Group plans atleast 5 IPOs in 2 years between 2026 and 2028
2023-01-21T18:42:18+05:30
Asia’s richest man plans on IPOs for at least five companies
Adani Group has consistently aligned itself to support Prime Minister Narendra Modi’s agenda. It has pledged more than $70 billion to help India pivot from being a fossil fuel importer to a generator of renewable energy.
2023-01-21T17:07:15+05:30
Rashi Peripherals files DRHP to raise Rs 750 cr via IPO
According to the draft papers, the public issue with a face value of Rs 5 per equity share consists of a complete fresh issue of shares of Rs 750 crore with no offer-for-sale component.Of the proceeds from its fresh issuance, Rs 400 crore will be utilised for prepayment/repayment of all or a portion of outstanding borrowings availed by the company, and Rs 200 crore will be used to fund working capital requirements and general corporate purposes.
2023-01-19T19:05:13+05:30
Adani FPO opens Jan 27 at Rs 3,112-3,276 per share
The company will offer partly paid shares to retail investors at a discount of ₹64 apiece to the issue price. Investors must pay 50% of the offer price at the time of placing bids in the FPO, and the remaining 50% on one or more subsequent calls, as decided by the board.
2023-01-19T06:54:18+05:30
Tata Tech starts work on IPO to raise up to Rs 4,000 crore
Secondary share sale to offer exit to legacy fin investors, growth equity for expansions.
2023-01-19T06:00:00+05:30
Oyo to refile updated DRHP with Sebi by mid-Feb
The company had filed its draft red herring prospectus (DRHP) for the IPO with Sebi in September 2021 and is aiming to raise Rs 8,430 crore. Oyo’s last submission to Sebi was the updated financial results of the first half of financial year 2022-23.
2023-01-18T10:48:48+05:30
Innova Captab, Blue Jet Healthcare get Sebi's nod to float IPO
As per the draft papers, Innova Captab's proposed IPO comprises fresh issuance of equity shares worth Rs 400 crore and an offer for sale (OFS) of 96 lakh equity shares by promoters and other shareholders.
2023-01-17T20:22:56+05:30
Sebi returns Lava International's draft IPO papers; asks to refile with updates
The OFS consists of sale of 1.25 crore equity shares by Hari Om Rai, up to 31.35 lakh shares by Shailendra Nath Rai, up to 78.38 lakh shares each by Sunil Bhalla and Vishal Sehgal, up to 1.13 crore shares by Unic Memory Technology and up to 9.75 lakh shares by Tupperware Kitchenware.
2023-01-17T19:55:27+05:30
Two pharma companies get SEBI nod to raise funds via IPO
Innova Captab is an integrated pharmaceutical company in India with a presence across the value of the pharmaceutical chain including research and development, manufacturing, drug distribution and marketing, and exports. The company filed preliminary IPO papers with Sebi on July 07, 2022.
2023-01-17T17:18:33+05:30
Adani Enterprises to launch Rs 20,000 crore FPO
2023-01-17T10:06:01+05:30
Adani Enterprises files papers for Rs 20,000 crore FPO
The FPO could result in the stakes of promoters led by Gautam Adani falling by 3.5%. As of September 2022, the promoters owned 72.63% of Adani Enterprises, while the remaining 27.37% was with public shareholders. Life Insurance Corporation held 4.03% among the public shareholders, while Nomura Singapore, APMS Investment Fund, Elara India Opportunities Fund, and Lts Investment Fund owned stakes between 1% and 2%.
2023-01-17T06:45:25+05:30
IPOs delayed as Dalal Street stays volatile, investors bearish
In the past six months, 27 companies with IPO plans worth ₹38,000 crore have allowed their regulatory approvals to lapse, according to Prime Database numbers. Similarly, the permissions to another nine firms planning to raise a total of ₹15,000 crore are set to expire over the next two months.
2023-01-16T06:34:27+05:30
Furniture Retailer Stanley Lifestyles plans Rs 700-cr IPO
The company, ICICI Securities and JM Financial, did not respond to ET's queries. In 2018, Oman India Joint Investment Fund invested $24 million or ₹170 crore in the company for a 26% stake.
2023-01-13T06:22:54+05:30
Cyient unit files DRHP for Rs 740 crore IPO
Cyient DLM focuses on highly complex, low-volume electronics manufacturing for safety-critical segments. The company had last year appointed Anthony Montalbano as its CEO.
2023-01-10T11:00:22+05:30
International Holding Company, Gulf SWFs may go big on Adani Enterprises’ $2.5 billion FPO
Adani Enterprises late November announced the initiation of a much-awaited follow-on public offer (FPO) to raise as much as ₹20,000 crore ($2.5 billion) from retail and institutional investors, riding piggyback on the meteoric 18-fold jump in its stock prices in the last five years. This will be the largest such issuance in India to date.
2023-01-10T06:35:27+05:30
Why SME IPOs are emerging as top fund-raising platform for promoters
For a developing country such as India, Small and medium enterprises (SMEs) are the wheels that turn the economy, and SMEs contribute to one-third of India's GDP. The SMEs have played an essential role in India's socio-economic development and in globally developed countries such as Germany. In fact, SMEs generate 54.4% of overall value added in Germany and 63.7% of overall employment in the German non-financial business economy.
2023-01-08T11:59:34+05:30
JG Chemicals files preliminary papers with Sebi; to raise funds via IPO
Proceeds from the fresh issue will be used for investment in its material subsidiary BDJ Oxides. It will use Rs 45 crore in repayment of borrowings availed by its arm, Rs 5.31 crore will be used for setting up a Research & Development centre, Rs 65 crore will be used to fund the long-term working capital requirements of its material arm.
2023-01-06T17:07:32+05:30
IPO tips from Zerodha CEO Nithin Kamath for B2C startups
He said setting right expectations, being transparent and not overselling are great ways to reduce the volatility of the stock price pre and post-IPO. "Doing this well can make shareholders feel like owners & help reduce customer acquisition costs, the biggest cost for B2C businesses."
2023-01-05T14:00:23+05:30
Radiant Cash lists at over 9% premium to IPO price
Shares of the cash logistics player closed at ₹106.50, a 13% premium to the issue price. This is the first IPO to close above the offer price on listing day in the past six issues.
2023-01-05T06:24:44+05:30
Sah Polymers IPO subscription closes today: Check GMP & other details
The quota for retailers was subscribed 39.78 times whereas the portion for non-institutional investors fetched 33.94 times bids, and the allocation for qualified institutional bidders was booked 2.40 times.
2023-01-04T13:53:16+05:30
Sebi returns OYO's draft IPO papers; asks to refile with updates
The company had filed its Draft Red Herring Prospectus (DRHP) with Sebi in September 2021 and is aiming to raise Rs 8,430 crore
2023-01-03T16:17:23+05:30
Sah Polymers IPO subscription to close tomorrow: Check GMP & other details
The company is selling its shares in the range of Rs 61-65 apiece between December 30 and January 4, in a lot size of 230 equity shares
2023-01-03T13:56:50+05:30
IPO pipeline in 2023: 54 companies waiting to raise Rs 84,000 crore
Pranav Haldea, Managing Director, PRIME Database, said the momentum seen in the last 2 months of 2022 is likely to continue, at least for the smaller-sized IPOs. However, it may be a while before we see larger-sized deals, especially in light of the lack of sustained interest from FPIs, he said.
2023-01-03T13:53:28+05:30
40 IPOs gave an average listing day gain of 10% in 2022: Report
Overall, 40 Indian corporates raised Rs 59,412 crore through main board IPOs in calendar year 2022, half of the Rs 1,18,723 crore (all-time high) mobilized by 63 IPOs in 2021, according to the database. According to Pranav Haldea, Managing Director, PRIME Database Group, Rs 20,557 crore or a huge 35% of the amount raised in 2022 was by LIC alone.
2023-01-03T13:49:18+05:30
A lot is riding on Mamaearth's Street debut for FMCG Inc
In the past two years, several large FMCG companies, such as HUL, ITC, Marico, Emami, Reckitt, Wipro Consumer and Colgate Palmolive, have picked up stakes in DTC digital-led startups that garnered popularity among consumers during the Covid-19 pandemic.
2023-01-03T06:17:35+05:30
Rishabh Instruments files draft papers with Sebi to mobilise funds via IPO
Going by the draft papers, the firm may explore a pre-IPO placement aggregating to Rs 15 crore. If such a placement is undertaken, the size of the fresh issue will be reduced.Proceeds from the issue worth Rs 59.50 crore will be utilised towards financing the expansion of its manufacturing facility in Nashik and for general corporate purposes.
2023-01-02T16:23:01+05:30
Sah Polymers IPO subscribed 2.37 times on Day 2
Reliance Securities said while the company has a quality product mix, strong customer base across geographies and industries, good financials and a wide product portfolio, the issue seems pricey based on the current financials.
2023-01-02T15:56:52+05:30
Oyo IPO likely to get delayed by a quarter as SEBI seeks refiling with updated information
Oyo has been asked to update information such as updated risk factors, key performance indicators (KPIs), outstanding litigations and basis for valuation, the people cited above said.
2022-12-31T17:49:43+05:30
2022's last IPO: Sah Polymers issue open from today. Should you subscribe?
Incorporated in the year 1992, Sah Polymers is a leading PP woven bags manufacturer and exporter of PP woven bags and HDPE box bags, flexible intermediate bulk containers (FIBCs), and BOPP laminated bags.
2022-12-30T11:30:50+05:30
KFin Tech closes a tad below issue price on listing day
The stock closed at ₹364 apiece on the BSE, down 0.55% from its IPO price of ₹366. The stock touched a high of ₹372.40 and a low of ₹351.10 during Thursday's trading. Analysts are advising short-term investors, who bet on KFin Tech's public issue, to book profits and re-enter after a clear trend emerges.
2022-12-30T06:10:43+05:30
The biggest, best and worst-performing IPOs of 2022
2022-12-29T18:19:30+05:30
Survival Technologies files draft papers with Sebi to raise Rs 1,000 crore
The OFS will see the sale of shares to the tune of Rs 544.41 crore by Vijaykumar Raghunandanprasad Agrawal, Rs 212.41 crore by Nimai Vijay Agrawal and Rs 43.18 crore by Prabha Vijay Agarwal.Going by the draft papers, the company may explore a pre-IPO placement. If such a placement is undertaken, the size of the fresh issue will be reduced.
2022-12-29T17:29:26+05:30
Elin Electronics IPO to list on December 30; here's what grey market signals
The grey market data available for the stock for the past 14 sessions indicates a weak-to-modest listing for the stock. The stock has been trading at a discount for the past three sessions.For the last 14 sessions, the grey market premium or GMP for Elin Electronics has moved from a high of Rs 48 on 20 December to a discount of Rs 8 on 26 December. For the last three consecutive days, the GMP has been in the negative zone.
2022-12-29T13:48:00+05:30
The biggest, best & worst-performing IPOs of 2022
However, on the positive side, some stocks are trading well above their issue price. Stocks such as Venus Pipes & Tubes and Adani Wilmar turned out to be multi-baggers, surging anywhere between 100% and 150% in 2022.
2022-12-29T13:23:22+05:30
Sah Polymers IPO to open on December 30. GMP, price band and other details here
As per market observers, the GMP for Sah Polymers was Rs 6 as of December 28, 2022. It has remained positive in the last three sessions. However, the buzz around the stock has been mixed among retail investors, but many brokers have recommendations on the IPO. The company's shares are expected to list on BSE and NSE on January 12, 2023.
2022-12-29T13:14:37+05:30
IHCL Q3 Results: Profit zooms whooping 321% YoY to Rs 404 cr; revenue from ops at Rs 1,686 cr
IHCL reached a milestone of over 250 hotels and is in line with its vision of being a 300 hotel portfolio by 2025. In this financial year alone, 30 plus hotels have been added to the pipeline and 14 hotels have opened besides strong growth in ama Stays & Trails with 108 homestays and Qmin with over 25 outlets," he said.
2023-01-31T20:36:11+05:30
US stocks open higher as data eases inflation concerns
The Dow Jones Industrial Average rose 86.47 points, or 0.26%, at the open to 33,803.56
2023-01-31T20:27:57+05:30
Power Grid Q3 Results: PAT rises 10.5% YoY to Rs 3,702 crore, dividend declared at Rs 5
Revenue from operations grew 7.4% on year to Rs 10,746.40 crore
2023-01-31T20:19:21+05:30
Britannia Q3 Results Preview: Here's what to expect
2023-01-31T20:18:35+05:30
These 9 stocks make new 52-week high record; rally up to 15% in 1 month
2023-01-31T20:13:01+05:30
Westlife Foodworld Q3 Results: Profit grows 75% YoY to Rs 36 cr; margins see improvement at 18%
2023-01-31T19:43:51+05:30
Market Watch: Nifty may stay in 17,542-17,760 band in near term
2023-01-31T19:15:46+05:30
Sun Pharma Q3 Results: PAT jumps 5.2% to Rs 2166 crore
The earnings before interest, tax, depreciation and ammortisation (EBITDA) grew 15.2% YoY to Rs. 3004 crore. The EBITDA margin for Q3FY23 improved 30 basis points YoY to 26.7%.Global specialty drug sales were at $235 million, including US$12.5 million milestone received in Q3FY23. Ex-milestone, the specialty sales were up 21.6% YoY in Q3FY23.
2023-01-31T18:50:48+05:30
Blue Star Q3 Results: Net profit rises 23% YoY to Rs 58.41 crore
This is the fifth consecutive quarter of good performance, and we expect to maintain the growth momentum in the coming quarters as well," Blue Star Ltd Vice Chairman & Managing Director Vir S Advani said.Revenue from the electro-mechanical projects and commercial air conditioning systems segment grew by 20.51 per cent to Rs 1,000.09 crore in the third quarter of FY23 compared to Rs 829.85 crore in FY22, the company said.
2023-01-31T18:43:34+05:30
Union Budget 2023: Will FM Sitharaman tinker with capital gains tax?
2023-01-31T18:22:47+05:30
Coal India Q3 Results: Profit soars 69% YoY to Rs 7,719 crore; dividend declared at Rs 5.25/share
Revenue from operations increased 24% to Rs 35,169 crore in the quarter against Rs 28,433 crore in the corresponding quarter of last year
2023-01-31T18:10:54+05:30
Indian Hotels Q3 Results: Profit zooms to Rs 383 crore on robust travel demand
The Indian hotel industry benefited from a steady rise in domestic and international travel, as pandemic restrictions were lifted, while more people began opting for the so-called 'workations' and 'staycations'.Strong demand in the quarter drove occupancy to over 70% in both leisure and business hotels in key domestic markets, up 27% from pre-COVID levels, the operator of Taj hotels said in a statement.
2023-01-31T17:58:42+05:30
Britannia, Ashok Leyland: Keyearningsto track on Wednesday
FMCG firm Britannia is among a number of domestic companies that will announce December quarter results on Wednesday.>> For more such web stories click on the ET icon below
2023-01-31T17:32:35+05:30
Sensex rises! But these stocks fell 5% or more in Tuesday's session
In the Nifty pack, 23 stocks closed in the green, while 26 stocks ended in the red.
2023-01-31T17:28:24+05:30
Stock market update: Nifty Pharma index falls 0.99%
The Nifty Pharma index closed 0.99 per cent down at 12360.25.
2023-01-31T17:23:12+05:30
Stock market update: Nifty Auto index advances 1.89%
The Nifty Auto index closed 1.89 per cent up at 13323.9.
2023-01-31T17:12:55+05:30
Gainers and Losers: Adani stocks, REC among stocks that hogged limelight today
>> For more such web stories click on the ET icon below
2023-01-31T17:12:17+05:30
Vi approves preferential issue of debentures worth Rs 1,600 crore to ATC
​Vodafone Idea is ATC's largest customer in India. Following the announcement, the stock closed 5.15% higher at Rs 7.15 apiece on NSE.
2023-01-31T17:11:22+05:30
Stock market update: Nifty Realty index advances 1.12%
The Nifty Realty index closed 1.12 per cent up at 411.55.
2023-01-31T17:07:43+05:30
Stock market update: Stocks that hit 52-week lows on NSE in today's trade
Bajaj Finance, TCS, Tech Mahindra, Britannia and Sun Pharma were among the top losers on NSE in today's trade.
2023-01-31T17:02:31+05:30
Adani stocks: It will still take time for investors to gain confidence from a medium term standpoint, says Dhananjay Sinha
“We will wait and see what the priorities of the government are this year during the Budget. Fiscal deficit containment is what the government appears to be leaning towards. How strongly would depend on whether that impinges on the overall spending or not is what we will be looking for.â€
2023-01-31T17:02:28+05:30
Stock market update: Nifty Bank index advances 0.66%
The Nifty Bank index closed 0.66 per cent up at 40655.05.
2023-01-31T16:57:14+05:30
Stock market update: Nifty IT index falls 1.18%
The Nifty IT index closed 1.18 per cent down at 29740.35.
2023-01-31T16:52:01+05:30
Tech View: Nifty forms small-bodied bearish candle. What traders should do on Budget day
The index is heading towards the level of 17,800, which holds the key for further course of action from a short-term perspective. If the index manages to surpass 17,800, it will be poised for a larger up move. Till then a consolidation in the range of 17,400-17,800 is possible.
2023-01-31T16:51:55+05:30
Most traders lose money by overtrading. Zerodha's Nithin Kamath explains how
Kamath, also known to regularly share educational content and stock market learnings on Twitter and other social media platforms, said people forget that trading costs are charged as a percentage of every trade and can compound very quickly.
2023-01-31T16:47:13+05:30
Stock market update: FMCG stocks up as market rises
The 30-share BSE Sensex closed up 49.49 points at 59549.9
2023-01-31T16:41:45+05:30
Gold declines Rs 105; silver tumbles Rs 379
"Market participants are also expecting a 25 basis points rate hike (by US Fed) this year. However, comments from Governor Jerome Powell regarding inflation and growth of economy will be important to watch.
2023-01-31T16:41:09+05:30
Stock market update: Sugar stocks up as market rises
The 30-share BSE Sensex closed up 49.49 points at 59549.9
2023-01-31T16:36:33+05:30
Stock market update: Stocks that hit 52-week highs on NSE in today's trade
Manaksia Ltd, Automotive Axle, IIFL Finance, Axita Cotton and KPIT Tech, hit their fresh 52-week highs during the day.
2023-01-31T16:31:21+05:30
Gautam Adani slips out of list of world’s top 10-richest people
2023-01-31T16:27:26+05:30
Stock market update: Mining stocks up as market rises
The 30-share BSE Sensex closed up 49.49 points at 59549.9
2023-01-31T16:21:04+05:30
Stock market update: Power stocks up as market rises
The 30-share BSE Sensex closed up 49.49 points at 59549.9
2023-01-31T16:15:52+05:30
Share market update: Most active stocks in today's market in terms of volume
The NSE Nifty index closed 13.2 points up at 17662.15
2023-01-31T16:10:39+05:30
Rupee falls 41 paise to close at 81.93 against US dollar
"These may be exacerbated by plateauing export growth on account of slackening global demand. Should the current account deficit widen further, the currency may come under depreciation pressure," said the key document released a day before presentation of Union Budget 2023-24.
2023-01-31T16:10:03+05:30
Stock market update: Fertilisers stocks up as market rises
The 30-share BSE Sensex closed up 49.49 points at 59549.9
2023-01-31T16:05:26+05:30
Share market update: Most active stocks of the day in terms of traded value
The NSE Nifty index closed 13.2 points up at 17662.15
2023-01-31T16:00:13+05:30
Bond investors brace for recession as Fed expected to slow pace of tightening
While investors widely expect the Fed to raise rates by another 25 basis points at the end of its monetary policy meeting on Feb. 1, markets are also looking for signals that the central bank is pulling back on its hawkish monetary policy amid signs of falling inflation and softness in the economy.
2023-01-31T15:59:04+05:30
Sensex ends flat, Nifty tops 17,650; Adani Power tanks 5%
2023-01-31T15:58:19+05:30
Adani Enterprises FPO fully subscribed; Group survives Hindenburg attack with NII support
2023-01-31T15:56:11+05:30
Sensex edges up ahead of Budget, Fed meet; Nifty ends at 17,662
From the Sensex pack, SBI, M&M, UltraTech Cement and Power Grid Corp were the top gainers
2023-01-31T15:49:40+05:30
Deven Choksey on Adani stocks to buy after deep correction
“Growth remains convincing as far as the business of the company is concerned. On the group side, most of the stocks are generating significantly large amounts of cash at the group level. We are probably talking about a billion dollars’ worth of EBITDA in a year. When infrastructure assets start producing cash, they produce long term visibility of earnings for the company.â€
2023-01-31T15:49:23+05:30
Dollar bonds of India's Adani Group continue to trade higher
The bonds had sold off following a scathing report by a U.S. short-seller last Wednesday that triggered a rout in the conglomerate's listed firms.U.S. dollar-denominated bonds issued by Adani Green Energy, Adani Ports and Special Economic Zone, Adani Transmission and Adani Electricity Mumbai were trading higher on the day.
2023-01-31T15:41:37+05:30
Prioritising expenditure is going to be a big challenge this year: Dr Sachidanand Shukla
"Tax revenues have stagnated at around 7% of GDP over the last decade or 10-12 years. Even the share of non-tax revenues has been dropping over time. It is now just about one odd percent and therefore, to me, the big challenge this year is going to be with a stagnating top line or the revenue item. How do you meet the said demands when it comes to reprioritise expenditure?"
2023-01-31T15:31:42+05:30
Adani stock rout costs India spot in world’s top 5 markets
A rout in shares of Adani conglomerate has cost India its spot among the world’s 5 biggest equity markets. >> For more such web stories click on the ET icon below
2023-01-31T15:27:02+05:30
UPL Q3 Results: PAT rises 16% YoY to Rs 1,087 crore, but trails estimates
Revenue from operations increased 21% on-year to Rs 13,679 crore, higher than the estimated Rs 13,076 crore
2023-01-31T15:24:00+05:30
Up 311% in 6 months! This multibagger stock to trade ex-split this week
Companies announce stock split to increase the liquidity of the stock in the market. Investors who are holding the stock until the record date will receive the new shares in demat accounts and the stock price will be adjusted according to the split ratio.
2023-01-31T15:05:38+05:30
Defence stocks rally up to 8% ahead of Budget. Should you buy?
Defence sector, as every year before the Budget has a wishlist, out of which the important one is the outlay for emphasis on indigenisation, which means an emphasis on local production. This year we expect them to announce a significant budget for the space and research, electronic equipment and advancement on further localization," Ashwin Patil, Senior Research Analyst at LKP Securities, said.
2023-01-31T14:53:37+05:30
Budget 2023 Focus List: Here are 10 things to watch out for Wednesday
Along with the FY24 Budget, the government will announce revised Budget estimates for FY23, which will include capital expenditure, planned expenditure, unplanned expenditure, fiscal deficit, GDP estimate, market borrowing, among others.
2023-01-31T14:46:30+05:30
Is rupee chasing a new alphabetical order?
So, over the short to medium term, the Indian rupee is about to follow its own financial alphabetical order. For now, let’s keep the first alphabet A aside, and check out the next in the orders.
2023-01-31T14:41:01+05:30
Budget 2023 wishlist: Increased thrust on green energy, healthcare, housing
Along with promoting investments, even domestic consumption needs to be supported as rural demand has been lacklustre due to rising prices and limited non-farm opportunities for quite some time.
2023-01-31T14:31:59+05:30