Sensex ends flat after volatile trade, holds 52k; IT stks dip, metals shine
The broader markets ended higher today with the S&P BSE MidCap and SmallCap indices settling 0.2 per cent and 0.43 per cent up, respectively
10:59 AM
Angel Broking on should retail investors invest in Nureca IPO?
Nureca limited is a B2C company engaged in the business of home healthcare and wellness products. The company enables their customers with tools to help them monitor chronic ailments and other diseases, to improve their lifestyle. Nureca is a digital first company wherein they sell their products through online channel partners such as e-commerce players, distributors and retailer. Further, they also sell their products through their own website drtrust.in.
Nureca classifies their products portfolio under the 5 categories such as Chronic Device Products, Orthopedic Products, Mother and Child Products, Nutrition Supplements and Lifestyle Products.
During Covid-19, company’s products such as oximeter, gluco meter, nebulizer and BP monitor were categorized under the essential goods and their operations were not shut down during this pandemic.
On valuation front, company is coming up with IPO at price of 400 crores with PE levels of 43.7 on FY2020 basis, even company has done very well in first half of FY2021 also due to covid 19. We have a positive outlook for the IPO.
10:48 AM
Fund houses in a bind over Sebi's dividend diktat; Amfi sets up committee
The Securities and Exchange Board of India’s (Sebi’s) diktat to segregate dividend as income distribution (appreciation in net asset value, or NAV) and capital distribution (equalisation reserve) in the consolidated income statement from April 1 has put mutual fund (MF) houses in a bind. When a unit is sold, and sale price (NAV) is higher than the face value of the unit, a portion of the sale price that represents realised gains has to be credited to an equalisation reserve account, which can be used to pay dividend, the new norms suggest. READ MORE
10:45 AM
» More on Most Active Volume
Most active stocks by volume
Company | PRICE(rs) | CHG(%) |
---|---|---|
Vodafone Idea | 12.13 | 0.41 |
I O B | 12.38 | 12.55 |
Central Bank | 15.65 | 12.27 |
Bank Of Maha | 19.10 | 19.97 |
Punjab Natl.Bank | 40.05 | 1.26 |
10:35 AM
NEWS ALERT :: Bitcoin hits $50,000-mark
10:28 AM
PSBs jump on privatisation buzz; Bank of Maharashtra, IOB hit upper circuit
Shares of public sector banks (PSBs) were in focus at the bourses on Tuesday amid report that the government has shortlisted four mid-sized state-run banks for privatisation. The four banks on the shortlist are Bank of Maharashtra , Bank of India, Indian Overseas Bank and the Central Bank of India, Reuters quoted two officials in a report. READ MORE
10:21 AM
Brookfield India REIT sees tepid listing, debuts at Rs 279 per share
Shares of Brookfield India’s Real Estate Investment Trust (REIT) listed at Rs 279 on the NSE on Tuesday, a premium of 1.45 per cent over its issue price of Rs 275 per share. Meanwhile, on the BSE, the scrip listed flat at Rs 275.05 per share. The initial public offer by Brookfield REIT got subscribed 8 times on the final day of subscription and received bids for 60,59,44,400 units against 7,62,78,200 units on offer. READ MORE
10:16 AM
NMDC zooms 6% on report Credit Suisse initiates coverage, sees 45% upside
NMDC shares zoomed 6 per cent to quote at Rs 119 apiece on the BSE on Tuesday amid report that foreign brokerage Credit Suisse has initiated coverage on the stock with an 'Outperform' rating. It also has a target price of Rs 162 on the stock, implying around 45 per cent upside from Monday's closing price of Rs 112 on the BSE. READ MORE
10:08 AM
Rupee Opening
Rupee opens at 72.65 per US dollar vs Monday's close of 72.68/$
10:03 AM
MARKET UPDATE:: Sensex off day's high, but still up 100 points
9:56 AM
NEWS ALERT :: Jet fuel (ATF) price raised by Rs 1,942.5/kL to Rs 55,737.91/kL in Delhi
9:46 AM
BUZZING STOCK :: SIS jumps 5% on Rs 100 crore buyback plan
The firm approved the proposal of buyback of upto Rs 99.99 crore worth of equity shares, at a price of Rs 550 per share.
9:40 AM
Result today :: Nestle's PAT likely to grow 16-19% YoY; may announce dividend
The Maggi noodles maker is expected to post double-digit revenue growth in its profit after tax (PAT) for the fourth quarter of the financial year 2020.
Sanjay Manyal, research analyst at ICICI Direct expects PAT to come in at Rs 552.1 crore, up 16.7 per cent YoY, but down 6 per cent quarter-on-quarter (QoQ). The firm had posted a net profit of Rs 473 crore in the same period last year and Rs 587 crore in the preceding quarter. READ MORE
9:29 AM
Poly Medicure slips 1% as QIP floor price fixed at a discount
>> The firm opened its QIP for subscription on February 15 and fixed the floor price at Rs 550.79 per share.
9:28 AM
L&T gains 1.6% in early deals
9:26 AM
TCS slips 0.3% in a firm market
>> Tata Consultancy Services (TCS), on Monday, said it has launched a Neural Automotive and Industrial Experience Center in Troy, Michigan, to help customers accelerate innovation.
Topics : MARKET WRAP Markets Sensex NSE BSE SGX Nifty Nifty 50 Dalal Street Wall Street stock market Bank of India nestle nikkei Tata Motors
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First Published: Feb 16 2021 | 8:02 AM IST