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Skechers Announced $1 billion Share Buyback Program

26Jul By AnkitaNo Comments

Market

Skechers Announced $1 billion Share Buyback Program

Leading footwear and The Comfort Technology company Skechers announced $1 billion share buyback and a new sales record of $2.16 billion in the second quarter, attributed to high demand for their range of comfortable and innovative footwear. David Weinberg, Skechers' Chief Operating Officer, highlighted that the growth stemmed from increases of 9% in Direct-to-Consumer sales, 6% in Wholesale, 7% internationally, and 8% domestically. Growth was seen across all regions, with notable increases in the Americas (7%), Europe, the Middle East, and Africa (14%), and Asia Pacific (2%). Particularly strong performances were noted in international direct-to-consumer and domestic wholesale segments, which saw respective growth rates of 15% and 14%. Despite challenges like foreign currency fluctuat...

Why Having Gilt Mutual Funds with a Fixed Period Important for Your Portfolio?

11Jul By PriyankaNo Comments

Market

Why Having Gilt Mutual Funds with a Fixed Period Important for Your Portfolio?

Uncertainty is a factor that constantly dictates its presence in the field of investments. In this space, Gilt mutual funds bring stability and predictability to the investment. Along with that, Gilt funds also provide modest returns on investments. In this blog, we will explain why it is important to have Gilt mutual Funds with a fixed time period in your portfolio. What are Gilt Mutual Funds? Fixed maturity plans (FMPs) or fixed period gilt mutual funds are a category of debt funds that invest mainly in government securities and corporate bonds of companies that have a specific time of maturity. While there are debt funds that do not have any specific maturity time, gilt mutual funds with fixed maturity periods allow investors to get a certain amount of returns at a particular ...

Top 5 Indian Stocks for Massive Growth in 2024

14Jun By NitishNo Comments

Market

Top 5 Indian Stocks for Massive Growth in 2024

Mumbai, 14th June 2024: In the dynamic landscape of the Indian stock market, identifying promising investment opportunities is crucial for investors seeking substantial growth potential. Here, we delve into five top Indian stocks that exhibit tremendous opportunities for future growth and could be valuable additions to your investment portfolio. Over the past five years, the Indian stock market has experienced significant growth. The benchmark indices Sensex and Nifty have shown remarkable performance during this period. For instance, the Sensex has surged from around 39,300 points in June 2019 to approximately 76,633 points in June 2024, reflecting a substantial increase of over 79%. Similarly, the Nifty index has displayed strong growth, rising from about 11,800 points in June 2019 t...

Nestle India set first stock split date; Big Opportunity for Investors

21Dec By PriyankaNo Comments

Market

Nestle India set first stock split date; Big Opportunity for Investors

Mumbai, 21st December, 2023: Nestle India, the owner of popular brands like Nescafe, Maggi, and Kit Kat, is set to proposed stock split. The board of directors of this leading FMCG company has announced that January 5, 2024, will serve as the record date for the previously announced stock split. On October 19, Nestle's board granted approval for a stock split in the ratio of 1:10. This means that each equity share with a face value of ₹10 will be divided into 10 shares, each with a face value of ₹1. The stock split will result in an increased number of outstanding shares, thereby enhancing the liquidity of the share. Taking into account the most recent shareholding pattern available on the BSE, promoter entities presently hold a 62.8% stake in the company. Foreign institutional investo...

Zomato or Paytm? Which Stock is Good For Long Term

29Oct By AdityaNo Comments

Market

Zomato or Paytm? Which Stock is Good For Long Term

Investing in stocks can feel a bit like peeking behind the curtain of a magic show. You know there's something fascinating going on, but you're just not sure how it all works. As a self-proclaimed stock market enthusiast, let me be your guide in this magic show, particularly focusing on two hot Indian stocks - Zomato and Paytm. Analysing Zomato: A Hearty Meal for Your Investment Back in the day, hunting for good food involved a bit of a treasure hunt. Luckily, with apps like Zomato, the treasure comes to us. But let's look beyond the plate—should we be hunting for Zomato stocks? In July 2021, Zomato was listed on the stock exchange. Even in its infancy, the stock looked promising, with an overwhelming response from the market. As an online food delivery service, Zomato has a sign...

15Oct By AnkitaNo Comments

Market

Noteworthy Stock Market Crashes in History

The stock market has always been a subject of fascination and concern for both seasoned investors and new entrants. Market trends and behaviors can significantly impact investment decisions, and predicting the future can seem like an elusive endeavor. In this article, we explore the potential for a stock market crash in the years 2023 and 2024, delving into various viewpoints from experts and analyzing key factors that could influence the market's stability. Historical Market Crashes Understanding the past can provide valuable insights into the future. While history does not repeat itself exactly, it often rhymes. Several major market crashes have shaped the course of financial markets in the past, such as the Great Depression of the 1930s, the Dotcom bubble burst in the early 2000s...

India’s First Drone Company ideaforge Technology IPO subscribed 13.27 times on Day 2

28Jun By NitishNo Comments

Market

India’s First Drone Company ideaforge Technology IPO subscribed 13.27 times on Day 2

28th July 2023, Bengaluru: The Indian drone maker company ideaforge Technology IPO was subscribed 13.27 times on the second day of share sale. The Rs 567.24 crore initial share sale received bids for 6,16,78,386 shares against 46,48,870 shares on offer, according to NSE data. The category for Retail Individual Investors (RIIs) received 36.36 times subscription, non-institutional investors quota got subscribed 21.59 times and Qualified Institutional Buyers (QIBs) portion 1.34 times. The Initial Public Offer (IPO) has a fresh issue of up to Rs 240 crore and an offer for sale of up to 4,869,712 equity shares. The IPO is in a price range of Rs 638-672 a share. The grey market is expecting the drone maker to list around Rs 1,217 (Rs 672 + Rs 545), which is 81.10 per cent higher than t...

11Jan By PriyankaNo Comments

Market

Asian Stock Market are Up, Japan’s Nikkei Strengthens

TOKYO, 11th Jan 2023 – Asian shares were mostly higher on Wednesday off a rally on Wall Street that came ahead after the weaker yen also boosted buying sentiment in Japan, as the country’s exporters earn more when foreign profits are converted into yen. Japan’s benchmark Nikkei 225 NIK, +0.99% rose 1% in morning trading. Australia’s S&P/ASX 200 XJO, +0.95% gained about 1% and South Korea’s Kospi 180721, +0.17% gained about 0.2%. Hong Kong’s Hang Seng HSI, +1.02% climbed 1%, while the Shanghai Composite SHCOMP, +0.20% rose 0.2%. Benchmark indices in Taiwan Y9999 fell -0.34%, Malaysia FBMKLCI, +0.10% and Indonesia JAKIDX, -0.48%, while Singapore STI stocks gained +0.30%. Shares of Fast Retailing Co. 9983, +1.23%, which operates popular Japanese clothing retailer Uniqlo, rose 1.4% ...

Spotify Announces Stock Buyback up to $1 billion value

20Aug By PriyankaNo Comments

Market

Spotify Announces Stock Buyback up to $1 billion value

NEW YORK, 20th Aug 2021-- Online music streaming platform Spotify Technology S.A. (NYSE: SPOT) announced that it will commence a stock repurchase program beginning in the third quarter of 2021. Repurchases of up to 10,000,000 of the Company’s ordinary shares have been authorized by the Company’s general meeting of shareholders, and the Board of Directors approved such repurchases up to the amount of $1.0 billion. The authorization to repurchase will expire on April 21, 2026. The timing and actual number of shares repurchased will depend on a variety of factors, including price, general business and market conditions, and alternative investment opportunities. The repurchase program will be executed consistent with the Company’s capital allocation strategy, which will continue to pr...

Food delivery platform Zomato’s IPO Oversubscribed

14Jul By AdityaNo Comments

Market

Food delivery platform Zomato’s IPO Oversubscribed

Bengaluru, Jul 14th, 2021: India's leading food delivery platform Zomato's initial public offering was oversubscribed on an opening day with retail investors bidding for 2.7 times the number of shares reserved for them. The offer received bids for 75.60 crore equity shares against an IPO size of 71.92 crores, stock exchange data showed. Retail investors sought 2.69 times the portion reserved for them. Against 12.95 crore shares reserved for retail individual investors, 34.88 crore shares were bid. Non-institutional investors put in bids for 13 percent against their reserved portion while 38.88 crore shares reserved for qualified institutional buyers (QIBs) were almost fully subscribed. Of the 38.09 crore shares sought by QIBs, over 36.84 crore was by foreign institutional investo...

Paytm to file DRHP for $2.3 billion IPO on July 12

5Jul By NitishNo Comments

Market

Paytm to file DRHP for $2.3 billion IPO on July 12

New Delhi, 5th July 2021: India's leading payment service provider which accounts for around 60% of online payment transactions Paytm will file a draft prospectus as early as July 12 for a domestic initial public offering (IPO) that seeks to raise $2.3 billion, as per the reports by Reuters. The money will be raised via the sale of Paytm stocks in the Indian stock market at an expected valuation of $24 billion to $25 billion with an option to raise more amount at a later stage. One97 Communications Ltd, the parent of Indian payments firm proposed a $2.3 billion IPO, that will make it India's third-biggest public listing after Coal India in 2010 and Reliance Power in 2008. The prospectus will be filed shortly after Paytm's extraordinary general meeting (EGM) of shareholders in Del...

Analytics Firm Similarweb Started Trading on NYSE, Raises $180 Million

17May By PriyankaNo Comments

Market

Analytics Firm Similarweb Started Trading on NYSE, Raises $180 Million

Tel Aviv, Israel, 17th May 2021: Digital Analytics firm Similarweb announced the trading of its initial public offering on the New York Stock Exchange. An aggregate of 8,000,000 ordinary shares were sold at a price to the public of $22.00 per share in the offering. Similarweb offered 7,500,000 ordinary shares and the selling shareholder named in the prospectus offered 500,000 shares. In addition, Similarweb has granted the underwriters a 30-day option to purchase up to an additional 1,125,000 ordinary shares at the initial public offering price, less underwriting discounts and commissions. Founded in 2009, Analytics firm Similarweb raises $180 million at a valuation close to $1.6 billion. The shares are begin trading on the New York Stock Exchange under the ticker symbol “SMWB.” ...