BSE | Pixr8 News

11Jun By Lavina TolaniNo Comments

Market

D-Mart owner joins Rs. 1 lakh Crore Market Cap Club

D-Mart's parent company Avenue Supermarkets Ltd joined the elite club bandwagon on Monday with Rs. 1 trillion market capitalisation after its share price reached Rs. 1,608.50, 1% up from its previous close on BSE. The stock has gained 20% in last three weeks while it has gained 35% in this year till date. The scrip has jumped 373.86% from its offer price of Rs 299 since its debut in March 2017. The surge in share has come after D-Mart promoter Radhakishan Damani sold nearly 6.2 million shares or 1% stake in Avenue Supermarts last week to ensure that the firm meets the minimum public shareholding norms. Moreover, the company has also made it in the MSCI India Domestic and MSCI India Domestic Small Cap Index, with effect from 1 June. A spokesperson from inves...

Foreign Investor Disposes off PVR shares Worth Rs 75 Cr

9Jun By Gauri SinghNo Comments

Market

Foreign Investor Disposes off PVR shares Worth Rs 75 Cr

The 5.67 lakh shares of the largest multiplex company PVR were sold by foreign investor Baron Emerging Markets Fund worth Rs 75 crore in an open market transaction on Friday. The recent shareholding information of BSE showed that as of April 2018 the seller company held 1.57 per cent stake in PVR and has disposed of 1.21 per cent stake. The shares were offloaded at an average price of Rs 1,332.15, valuing the transaction at exactly Rs 75.53 crore. The buyers of the shares comprised of: 1)DB International (Asia) 2) TT Asia-Pacific Equity Fund 3) TT Emerging Markets Equity Fund 4) Jana Emerging Markets Share Trust 5)Lockheed Martin Corporation Master Retirement Fund Baron Emerging Markets Fund seeks capital ...

5Jun By Lavina TolaniNo Comments

Market

Trending Stocks Avanti Feeds and Apex Frozen Losses 50% Market Value in 1 Week

The shrimp manufacturers and exporters which were leading the Indian stock market for a while have now baffled investors after witnessing a sharp fall in share prices which has been considered too high to measure. Yesterday, a news has surfaced that shares of shrimp exporter Avanti Feeds which grow 40000% in last 5 years have lost 38 percent of their market value since April 26. And today, adding to the misery of investors, shares have gone further down by 12.27% and are currently trading at Rs 1,306.90 down from its previous closing of Rs 1,489.60 on the BSE on the back of heavy volumes. The scrip opened at Rs 1,480 and has touched a high and low of Rs 1,480 and Rs 1,232 respectively. Apex Frozen, on the other hand, is a leading integrated producer as well as exporter of shelf ta...

23May By Lavina TolaniNo Comments

Market

Food Marketplace SaleBhai Files for IPO on BSE

SaleBhai Internet Pvt Ltd, an online marketplace for specialty foods has filed a draft prospectus with the BSE's SME platform to launch initial public offering intending to raise about Rs. 24 crore. The Ahmedabad based company that offers a varied marketplace for specialty food such as snacks, sweets, bakery items, dried syrups, chocolates and confectionery has confirmed to issue 22,59,600 equity shares, offering 26.58 percent of the company's equity in the market while listing on Bombay Stock Exchange. The IPO has been assigned a fixed price of Rs. 105 per share that will result in stake dilution of 26.58%. Interestingly, the company claims to be the very first B2C e-commerce startup firm to have filed for an SME IPO. The e-commerce firm intends to use the funds raised through I...

Future Group Denies Selling 10% Stakes Amidst Market Rumours

10May By Lavina TolaniNo Comments

News

Future Group Denies Selling 10% Stakes Amidst Market Rumours

Indian market bolted a notch higher when a speculated news regarding World's biggest brick and mortar, Future Group selling its 10 stakes to a leading global retailer surfaced in mid-afternoon today. Meanwhile, within stock market to the company witnessed a gain of 5 percent. The scrip which was at 12 percent at 10:02 am rose by 6.60 percent to Rs. 60.60 on the BSE. The speculation came amidst a clarification sought by stock exchanges into a news report that quoted Future Group founder Kishore Biyani saying, "he will sell a minority stake to the strongest global retailer” in the retail giant." However, in the new clarifications, Future Group companies have stated that there is no decision taken in the regard. The ongoing rumours have come in the wake of Flipkart-Walmart deal which...

IndiGo Stocks Witness 3% Fall Ahead of March Quarter Results

2May By Lavina TolaniNo Comments

Market

IndiGo Stocks Witness 3% Fall Ahead of March Quarter Results

Largest Airline Service in India in terms of passenger and fleet size, InterGlobe Aviation( IndiGo) had its shares fell by more than 3 percent today morning. The shares of the company have plunged just ahead of the announcement of its March quarter earnings scheduled to release later today. While the shares of the company opened at Rs 1,420, they were too quick to lose ground and felt low at Rs 1,353, accounting a 3.34 perecnt downgrade against the previous closing price. The Aviation Company witnessed a similar fate on NSE too where the shares that opened at 1,412.80 fell to a low of Rs 1,351, down by 3.69 percent over its previous closing price. Earlier in a regulatory filing, IndiGo had informed about a meeting of the board of directors to be held today to consider the approval...

L&T signs Rs.14000 crore agreement with Schneider

2May By Lavina TolaniNo Comments

Market

L&T signs Rs.14000 crore agreement with Schneider

Engineering and Construction Leader, Larsen & Turbo has signed a definitive agreement with Schneider Electric aimed at strategic divestment of its electrical and automation (E&A) business for an all-cash deal of Rs 14,000 crore. While the deal is subjected to regulatory approvals, the firm has reported a net revenue of Rs. 5,038 crore in last fiscal. Management has said that divestment of E&A business is in-line with L&T’s intent of unlocking value within the existing business portfolio and will fabricate capital and management focus for creating long-term value for stakeholders. The proposed transaction has incorporated all current segments of E&A excluding marine switchgear and Servowatch Systems. AM Naik, Group Chairman, Larsen & Toubro sai...

Titan Sets 50000 Crore Gross Revenue Target

14Apr By Sheldan RungasamyNo Comments

BUSINESS

Titan Sets 50000 Crore Gross Revenue Target

Titan, Tata Group’s daughter company announced that it is targeting a gross revenue of Rs 50,000 crore by FY 22-23 and is forecasting its jewelry business to keep driving the sales of the company. “Titan now aspires to touch 50 million customers across all its businesses and achieve the UCP (Uniform Consumer Price) revenue of Rs 50,000 crore by 2022-23,” Titan Company Ltd released in a BSE filing. Therefore, the jewelry business will remain the major driver of revenues of the company. The target revenue is Rs 40,000 crore that will allow Titan to own about 10% of the jewelry market share. UCP is a synonym for Maximum Retail Price (MRP) of the products for sale. UCP revenues refer to the sum total of the MRP from all the items sold by the firm and includes discounts, channel and fr...

5 Small Stocks that Can Give You Big Returns in Future

6Apr By Lavina TolaniNo Comments

ANALYSIS

5 Small Stocks that Can Give You Big Returns in Future

Have you been trying to look into stocks of small companies that could yield good returns but failed to do so? Well, nothing to worry about, as we have got you covered with our list of top 5 small stocks that seem to be bursting with potential for offering better returns in 2018. Though investors are usually apprehensive when it comes to dishing their money into small stocks, they can be profitable in the long run provided that they are chosen with care and self-analysis. Why should an investor be optimistic regarding small stock investment? Market analysts do not pay much heed to small stocks when it comes to investing in the share market. This is why it gets risky to invest in them. But thinking along a different perspective, the advantage of finding a hidden gem can be tremendous w...

Know About The Sensex Zig-Zag Happened On Gujarat And HP Election Day

18Dec By RishabhNo Comments

Market

Know About The Sensex Zig-Zag Happened On Gujarat And HP Election Day

The BSE Sensex and NSE Nifty rose after falling over 2% in the opening trade on Monday under the influence of close fight in voting between BJP and Congress in Gujarat and Himanchal Pradesh. The disturbance also weakened against the US Dollar, while bond yield hit a fresh 16-month high. As the market opened, BSE Sensex was down by 531.93% points (1.59%), to 32,931.04 while the Nifty 50 fell 217.30 points (2.10%) to 10,115.95. The market also saw rupee opened at 64.23 against a dollar and touched a low of 64.40. At 09:15, rupee was trading at 64.39 dollar, down 0.54% at the time it closed on Friday at 64.05. The 10-year bond yield was at 7.192%, a level last seen on 3 August 2016, compared to its previous close of 7.134%. At 09:42 all the 19 sectoral indices declined, with BSE Teleco...

Just Dial Slips With The Resignation of CFO

4Jul By RishabhNo Comments

News

Just Dial Slips With The Resignation of CFO

Ramkumar Krishnamachari, chief financial officer of online local business search engine Just Dial Ltd, has resigned from the firm. Krishnamachari will be relieved from his duties with effect from 30 September 2017, Just Dial said in a stock-exchange filing. He joined Just Dial in 2010 and was instrumental in laying the groundwork for its initial public offering (IPO) in 2013. In his role as CFO, Krishnamachari led the firm’s finance, legal, taxation and secretarial functions besides being responsible for investor relations and stakeholder management. This is the second high-profile exit at Just Dial in less than a year since the departure of its chief technology officer RV Raman who stepped down in October 2016. Raman was the second CTO to leave the company in a year after his ...

SMEs Raise 185 Crore Through IPOs in FY17

7Sep By AnkitaNo Comments

BUSINESS

SMEs Raise 185 Crore Through IPOs in FY17

Riding on upbeat market sentiment, as many as 23 small and medium enterprises (SMEs) got listed on capital markets with initial public offerings worth Rs 185 crore in the current fiscal. In comparison, 44 SMEs raised a total of Rs 290 crore in the entire last financial year (2015-16). "Indian primary market has witnessed spectacular revival in last few months, which is not limited to large IPOs like Mahanagar Gas or Quess Corp. Public share sales of smaller companies on the dedicated SME boards of stock exchanges, too, have been on a hot streak," Pantomath Group Managing Director Mahavir Lunawat said. A total of 23 firms made debut on the SME platform in 2016-17 so far, while a total of 28 companies filed their draft prospectus in the past fiscal to raise funds through an initial publ...