Latest News, Updates & Breaking Headlines
MUMBAI: Thanks to the war in West Asia and the ensuing oil price-led shock that the Indian economy is currently facing, top foreign brokerages and analysts have cut earnings estimates for India Inc as well as targets for Nifty by nearly 12%. They also warned that if the war continues for long and the oil…
Bharat Coking Coal (BCCL) IPO entered its third and final day on Tuesday, continuing to attract strong investor interest. The Rs 1,071-crore issue is currently commanding a grey market premium (GMP) of Rs 11, indicating nearly 46% gains over the upper price band of Rs 23 ahead of its listing.The GMP reflects strong positive sentiment…
The government’s surprise hike in cigarette excise duties has rattled the investment case for ITC, prompting a wave of brokerage downgrades, earnings cuts and valuation resets as analysts brace for pressure on volumes, margins and long-term profitability.ITC shares tumbled to a three-year low of Rs 345.35 on Friday, extending a two-day rout that has wiped…
Shares of InterGlobe Aviation, the parent of IndiGo, remained under heavy pressure on Monday, extending a sharp sell-off that has wiped out more than Rs 37,000 crore in market value in less than a week, as operational turmoil rattled investor confidence.The stock slid as much as 10% to Rs 4,842 during intraday trade, marking its…
Tata Capital GMP: The conservative GMP indicates investor wariness regarding immediate returns. (AI image) Tata Capital IPO: The initial public offering of Tata Group’s flagship financial services arm Tata Capital got a big thumbsup from brkokerages, with several positive reviews. Yet, the Grey Market Premium (GMP) has crashed to just 3%. The GMP is usually…
LG Electronics India IPO: Experts consider the issue reasonably priced in comparison to industry competitors. (AI image) LG Electronics India IPO: South Korean electronics major LG Electronics India’s Rs 11,607 crore initial public offering (IPO) has opened for subscription on Tuesday, garnering robust analyst support and a substantial grey market premium (GMP) of 24%, indicating…
