India's GIFT Nifty was down 0.05% at 20,132 as of 8:03 a.m. IST. The blue-chip Nifty 50 index on Wednesday settled at 20,096.60, above the 20,000 mark for the first time since Sept. 18
BSE has put in place fresh guidelines for small and medium enterprises looking to migrate from its SME platform to the main board, whereby the applicant will be required to have a net worth of at least Rs 15 crore for the preceding two financial years. Under the guidelines, the applicant firm needs to be listed on the SME platform for at least three years. Besides, they need to have 250 public shareholders before shifting to the main board. In addition, the SME should have a positive operating profit for at least any two out of three financial years and have a positive profit after tax (PAT) in the immediate financial year of making the migration application to the bourse. "The applicant should have a net worth of at least Rs 15 crore for two preceding full financial years, " BSE said in a circular. Further, the paid-up equity capital of the applicant should be more than Rs 10 crore and the market capitalization should be at least Rs 25 crore. Among other parameters, the applican
Closing Bell on September 28, 2023: Tech M, which sank 4 per cent, was the top laggard on the benchmarks after Morgan Stanley downgraded the stock to 'underweight'
The company has allocated 1.54 crore equity shares to 23 entities at Rs 164 apiece, according to a circular uploaded on the BSE website
Jio Financial Services (JFS) was initially scheduled for removal by August 23
Technically, when any stocks crosses crucial hurdles and witnesses accumulation at key supports, the trend is expected to witness robust upside ahead.
Market rally turning broad based in terms of number of stocks outperforming the benchmark index
Exchanges allowed to hold only 15% in depositories; BSE held nearly 20% in CDSL at the end of March qtr
Shares of Sah Polymers on Thursday ended with a premium of over 37 per cent on the stock exchanges against the issue price of Rs 65. The stock made its debut at Rs 85, reflecting a jump of 30.76 per cent from the issue price on the BSE. Later, it rallied 37.30 per cent to settle at Rs 89.25 apiece. On the NSE, the shares began the trade at Rs 85 and finally ended at Rs 89.25 each. In volume terms, 4.16 lakh shares of the firm were traded on the BSE and 41.82 lakh shares on the NSE during the day. The Udaipur-based company provides tailored bulk packaging solutions to business-to-business producers in a variety of industries, including agro pesticides, basic drugs, cement, chemicals, fertilisers, food products, textiles, ceramics, and steel. Meanwhile, in the broader market, the 30-share BSE benchmark ended 147.47 points or 0.25 per cent lower at 59,958.03. The initial public offer of Sah Polymers was subscribed 17.46 times last week. The initial share-sale had a price range for
Shares of PNGS Gargi Fashion Jewellery were locked in upper circuit for the 12th straight trading session, and have more-than-doubled in the same period.
Lighthouse India Fund III on Tuesday offloaded shares of e-commerce beauty company Nykaa for nearly Rs 336 crore through an open market transaction. Lighthouse India Fund III sold 1.84 crore shares in ten tranches at an average price of Rs 182 apiece, as per the block deal data available with the BSE. The total value of the transaction is Rs 335.72 crore. These shares were acquired by ICICI Prudential Mutual Fund (MF), Aditya Birla Sun Life MF, BNP Paribas Arbitrage, Morgan Stanley Asia Singapore Pte and Ontario Teachers Pension Plan Board, among others. The stock of Nykaa, which got listed on the bourses last November, is in focus as the mandatory lock-in period for pre-offer investors came to an end on November 10. On Tuesday, shares of the company closed 4.55 per cent lower at Rs 175.20 per piece on BSE.
Hero MotoCorp's consolidated net profit fell by 8.63 per cent YoY to Rs 682.28 crore in the second quarter of FY23 amid weakening rural demand
PSUs have also been told that the dividend distributed by them would also be considered to evaluate their performance on this parameter
TRF was locked at the 5 per cent upper circuit for the sixth straight trading session after its removal from the Graded Surveillance Measure (GSM) surveillance.
CLOSING BELL: NTPC, Adani Ports, Bharti Airtel, Coal India, Hero Moto, and Bajaj Finance were the only gainers, up in the range of 0.08 per cent to 1.7 per cent
Higher investments may cap margins in the near term
This was the second highest gain on debut this year for IPOs of over Rs 150 cr, after Campus Activewear
BSE stock is decisively claiming new all-time high; CDSL broke out of Double-Bottom formation, while IEX has witnessed an Inverse head and shoulder breakout.
Capital markets regulator Sebi on Wednesday imposed a fine totalling Rs 10 lakh on two entities for indulging in non-genuine trades in stock options on BSE.
'Under this agreement, BSE Ebix will offer their clients insurance products offered by LIC such as Life and Health, using its omni-channel digital presence'