Jinkushal Industries, India’s leading non-OEM construction machinery exporter, is set to launch its Rs 116 crore IPO on September 25, with a price band of Rs 115-121 per share. The IPO has garnered significant grey market interest, and Anand Rathi Research recommends a ‘Subscribe – Long Term’ rating, citing the company’s strategic shift towards its...Read More
JD Cables, a Howrah-based manufacturer, will launch on the BSE SME platform. The IPO saw strong investor interest, subscribing 127.8 times. The IPO price was finalized at Rs 152 per share. Grey market activity indicates a premium. Retail investors, QIBs, and NIIs showed significant demand. The company will use IPO proceeds for working capital and...Read More
Nazara Technologies investors, take note. September 25 is the last day to buy shares for the bonus issue and stock split. Shares will trade ex-bonus and ex-split from September 26. The company announced a 1:1 bonus and a 1:2 stock split. This aims to improve liquidity and affordability. Investors will see their share count increase.Read More
Investors, take note. Today is the final day to buy shares of companies like MOS Utility. This is to be eligible for upcoming stock splits and bonus issues. PVV Infra and RM Drip are splitting their stocks. Chandra Prabhu International and KKV Agro Powers are among those issuing bonus shares. Ensure shares are in your...Read More
Oil prices experienced a slight dip as investors secured profits following a surge to a seven-week high, fueled by a surprise drop in U.S. crude inventories and concerns over Ukrainian attacks on Russian energy infrastructure. Brent crude futures fell by 0.26% to $69.13 a barrel, while U.S. WTI crude futures dropped by 0.31% to $64.79...Read More
Gold prices saw a rise. This happened because people think the U.S. will cut interest rates again. Geopolitical issues also played a role. The dollar’s slight weakness helped too. Investors are waiting for the PCE price index report. This report will give clues about future interest rate decisions. Jobless claims data may offer insights into...Read More
Asian stocks showed mixed performance following Wall Street’s losses, as an AI-driven rally showed signs of fatigue. Investors are closely watching policy risks, including US investigations into imports and concerns over visa issues affecting Korean investments. Attention is now shifting to upcoming economic data and potential impacts on market direction as October approaches.Read More
Quest Global, the engineering services outsourcing firm, is planning a pre-IPO funding round aiming for a valuation between $3 billion and $3.5 billion. The company intends to sell a 5-6% stake, seeking $200-$225 million from a new investor, involving both primary and secondary share sales.Read More
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