Despite the strong upsides for the cement sector in India, Nuvoco Vistas failed to make an impressive debut on the bourses. To elaborate, the shares of Nuvoco Vistas were listed at Rs. 485 apiece on NSE. The issue price of this share was Rs. 570 a piece, which means shares were listed on the stock exchange …
Affle India’s board of directors is scheduled to meet on 26 August 2021 to take a call on the split of equity shares. Subjected to approval from its stakeholders, the company has confirmed this in an official statement. Let’s uncover more details below. Why this Stock Split? Essentially, stock split is a move where a …
Famous food tech giant Zomato’s shares slumped by 9% on the BSE on Monday, 23 August 2021. This followed after the end of mandatory lock-in period of 30 days set for the anchor investors. Shares of the online food delivery company plummeted over 3% to reach Rs. 123 per share on the BSE in Tuesday’s …
A Brief Overview The ease of access to the internet and information has drastically altered the way in which we engage with the stock markets and investment tools. Now that you can make investments and trade on the stock markets online, traditional brokerage firms have had to get along with the times. This has meant …
Hindustan Unilever has reached Rs. 6 trillion market capitalisation after the company’s shares surged more than 20% from the previous FY. This makes Hindustan Unilever Ltd the fifth Indian enterprise to achieve this feat. Let’s Take a Closer Look! On 20 August 2021, HUL’s shares reached Rs. 2,628.85 on the BSE, an all-time high. In …
The Indian capital markets saw a surge of Rs. 7,245 crores in net inflows, with foreign portfolio investors (FPI) dropping their cautious stance. The gradually rising investments are a result of an improving macroeconomic environment. According to the associate director – manager research of Morningstar India, Himanshu Srivastava, this indicates the investors’ higher conviction and …
WHO IS RAKESH JHUNJHUNWALA Rakesh Jhunjhunwala, an investor with a golden touch, is commonly referred to as the Warren Buffet of India. Apart from being an investor, he is primarily a Chartered Accountant. Jhunjhunwala is the 48th wealthiest individual in the country, according to Forbes’ Rich List, with a net worth of $3 billion. On …
India’s technology startups saw a record bout of venture capital (VC) inflows as investors turned away from China due to its ongoing crackdown on internet companies. The value of venture capital deals reached an all-time high of $7.9 billion in July 2021, as investments in China dropped to $4.8 billion. This is the first time …
Foreign portfolio investment in equities has touched a net Rs 5,001 crore thus far in August, according to the NSDL. Following this, the net investment of FPIs in the equities segment for 2021 has now touched Rs 54,037 crore, according to data. As per data from the depositories, apart from the Rs 5,001-crore FPI in …
CarTrade Tech made an unimpressive debut on the bourses as its stock was listed at a discounted price of 1.1%. To elaborate, the issue price of CarTrade Tech IPO was Rs. 1,618 apiece. However, the same opened at Rs. 1,599.8 on NSE and at Rs. 1,600 on BSE. Followed by the listing, CarTrade’s market capitalisation stood …
