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Mf Solution is the firm which has rich exposure in the financial investments space and portfolio advisory services. Today we are a well diversified financial services firm offering a range of financial products and services such as Financial Planning, Wealth Management, Portfolio Management Services, Loans & Taxation.

We offer a progressive planning practice that differentiates itself by being disciplined, well researched and profitable. We are a privately owned company and therefore core decisions regarding our processes and practices start at grassroots, ensuring all angles are covered in the decision making process.

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Fund Performance

Sebi returns Go Digit's IPO papers; company to refile

Go Digit's proposed IPO comprises fresh issuance of equity shares worth ₹1,250 crore and an offer for sale (OFS) of 10.94 crore equity shares by a promoter and existing shareholders. In the OFS, Go Digit offers to sell 10,94,34,783 equity shares.
2023-02-08T06:23:03+05:30

Go-Digit to refile IPO papers after Sebi returns prospectus over employee stock plans

Such rights allow an employee to receive a bonus equivalent to the rise in the company's stock price over a certain period - something Indian regulations prohibit for companies going public.
2023-02-07T15:04:18+05:30

SME IPO: Shera Energy issue opens today; check GMP and other details

Shera Energy achieved good growth in its topline and bottomline in the past 18 months. The company’s PAT increased from Rs 5.03 crore in FY21 to Rs 7 crore in FY22. In FY 2023, as of September 30, 2022, the company earned a net profit of Rs 4.28 crore on a turnover of Rs 339.54 crore
2023-02-07T13:46:34+05:30

Adani’s Abu Dhabi investor says FPO funds have been returned

The funding from IHC, which is controlled by a key member of the emirate’s royal family, would have represented about 16% of the offering and would have built on an almost $2 billion investment in Adani’s companies last year
2023-02-02T19:02:08+05:30

Adani Enterprises cancels FPO, to refund investors

"Given the unprecedented situation and the current market volatility the company aims to protect the interest of its investing community by returning the FPO proceeds and withdraws the completed transaction," the company told exchanges after a board meeting Wednesday evening.
2023-02-02T06:54:02+05:30

Adani Enterprises calls off FPO, shares worth Rs 20,000 crore to be returned to investors

2023-02-01T22:57:10+05:30

Adani Enterprises calls off FPO, money to be returned to investors

Citing the unprecedented crash in stock prices, Adani Enterprises Chairman Gautam Adani said the board felt that going ahead with the issue will not be morally correct, given these extraordinary circumstances
2023-02-01T22:32:00+05:30

Adani Enterprises FPO fully subscribed on final day

The flagship entity of the Adani Group got bids for 50.9 million shares against an offer size of 45.5 million shares, excluding the anchor book, at a price range of ₹3,112-3,276 apiece. Adani Enterprises closed 2.8% higher at ₹2,973.90 Tuesday on the BSE, having dropped for two days in a row. The benchmark Sensex ended almost flat Tuesday.
2023-02-01T06:28:47+05:30

Adani Enterprises FPO fully subscribed; Group survives Hindenburg attack with NII support

2023-01-31T15:56:11+05:30

Digit Insurance to revamp $440 mln IPO again after regulator concerns

Such rights allow an employee to receive a bonus equivalent to the rise in the company's stock price over a certain period - something Indian regulations prohibit for companies going public.
2023-01-31T13:20:50+05:30

Bajaj Solutions gets Sebi nod to float IPO

Balaji Solutions' revenue from operations stood at Rs 482 crore in FY22, falling marginally due to normalisation post-easing of Covid-19 lockdown restrictions, while profit for the same period came in at Rs 15 crore.
2023-01-31T13:19:09+05:30

Balaji Solutions, Enviro Infra Engineers get Sebi nod to float IPO

The company may consider a pre-IPO placement aggregating up to Rs 24 crore. If such placement is completed, the fresh issue size will be reduced. Proceeds from its fresh issuance worth Rs 86.60 crore will be utilized for funding incremental working capital requirements of the company, and general corporate purposes.
2023-01-31T11:59:52+05:30

Abu Dhabi-based IHC commits $400 million to Adani Enterprises FPO

Additionally, AEL is close to receiving further investment commitments of $1-1.1 billion (around ₹8,100-9,000 crore) from investors in Middle East and Southeast Asia with the announcement expected on Tuesday when the FPO closes, said a person directly aware of the matter.
2023-01-31T06:55:39+05:30

FirstMeridian Business Services files fresh draft papers for IPO; cuts issue size to Rs 740 crore

Incorporated in 2018, FirstMeridian provides a wide range of service offerings, including general staffing and allied services, by offering solutions for contract staffing, workforce automation, trade marketing, and global technology through short and long-term technology contract staffing
2023-01-30T17:52:18+05:30

Abu Dhabi’s IHC to invest $400 million in Adani Enterprises FPO

IHC will make the investment through its subsidiary Green Transmission Investment Holding RSC Limited.
2023-01-30T17:00:43+05:30

Adani Group says FPO to continue as planned; rules out changes in price, dates of FPO

2023-01-28T22:37:34+05:30

Adani Enterprises’ FPO gets a muted start

According to the offer documents, the company proposes to use '4,165 crore of the issue proceeds to repay the debt owed by the company and three subsidiaries - Adani Airport Holdings, Adani Road Transport and Mundra Solar.
2023-01-28T09:07:29+05:30

What is an FPO & how does it benefit the company, shareholders?

2023-01-25T13:17:20+05:30

Adani FPO open from Friday: Dates, price band, review, other details in 10 points

The basis of allotment of FPO would be finalised by 3 February and shares would be credited to successful applicants' demat accounts by 7 February. The new equity shares would be available for trading the next day on 8 February.
2023-01-25T11:58:15+05:30

PayMate India told to re-file IPO papers with updated info

The capital markets regulator said it returned PayMate's offer document back to its merchant bankers on January 17. PayMate said in a press release it aims to submit the mandatory system audit report (SAR) to the Reserve Bank of India by the second week of February. Submission of SAR to the central bank is part of the standard operating protocol to receive final approval from the central bank as payment aggregator, it said.
2023-01-25T06:28:10+05:30

Hotel development and investment firm SAMHI planning to file revised DRHP

The Goldman Sachs- and Equity International-backed company had filed a DRHP with the markets regulator in 2019 to raise about Rs 1,900 crore through an initial public offering of shares, but the plan was shelved due to the pandemic.
2023-01-24T10:42:23+05:30

Avalon Tech gets Sebi nod for IPO; PayMate India asked to refile draft papers

The company plans to use the proceeds from the fresh issue to repay outstanding loans availed by it and its subsidiary Avalon Technology and Services Pvt Ltd, and also to meet working capital requirements
2023-01-23T19:36:31+05:30

Reliance Jio, Retail IPOs unlikely this year: JP Morgan

RIL is currently in a mini-capex cycle across petrochem, telecom (Jio) and new energy businesses, bringing the focus back on the company's capex and rising debt. "While RIL does not give a capex guidance, we expect overall spending levels to moderate as spectrum acquisition is behind us and large immediate spending in the new energy business is unlikely," the brokerage said.
2023-01-23T13:27:38+05:30

Gautam Adani Group plans atleast 5 IPOs in 2 years between 2026 and 2028

2023-01-21T18:42:18+05:30

Asia’s richest man plans on IPOs for at least five companies

Adani Group has consistently aligned itself to support Prime Minister Narendra Modi’s agenda. It has pledged more than $70 billion to help India pivot from being a fossil fuel importer to a generator of renewable energy.
2023-01-21T17:07:15+05:30

Rashi Peripherals files DRHP to raise Rs 750 cr via IPO

According to the draft papers, the public issue with a face value of Rs 5 per equity share consists of a complete fresh issue of shares of Rs 750 crore with no offer-for-sale component.Of the proceeds from its fresh issuance, Rs 400 crore will be utilised for prepayment/repayment of all or a portion of outstanding borrowings availed by the company, and Rs 200 crore will be used to fund working capital requirements and general corporate purposes.
2023-01-19T19:05:13+05:30

Adani FPO opens Jan 27 at Rs 3,112-3,276 per share

The company will offer partly paid shares to retail investors at a discount of ₹64 apiece to the issue price. Investors must pay 50% of the offer price at the time of placing bids in the FPO, and the remaining 50% on one or more subsequent calls, as decided by the board.
2023-01-19T06:54:18+05:30

Tata Tech starts work on IPO to raise up to Rs 4,000 crore

Secondary share sale to offer exit to legacy fin investors, growth equity for expansions.
2023-01-19T06:00:00+05:30

Oyo to refile updated DRHP with Sebi by mid-Feb

The company had filed its draft red herring prospectus (DRHP) for the IPO with Sebi in September 2021 and is aiming to raise Rs 8,430 crore. Oyo’s last submission to Sebi was the updated financial results of the first half of financial year 2022-23.
2023-01-18T10:48:48+05:30

Innova Captab, Blue Jet Healthcare get Sebi's nod to float IPO

As per the draft papers, Innova Captab's proposed IPO comprises fresh issuance of equity shares worth Rs 400 crore and an offer for sale (OFS) of 96 lakh equity shares by promoters and other shareholders.
2023-01-17T20:22:56+05:30

Sebi returns Lava International's draft IPO papers; asks to refile with updates

The OFS consists of sale of 1.25 crore equity shares by Hari Om Rai, up to 31.35 lakh shares by Shailendra Nath Rai, up to 78.38 lakh shares each by Sunil Bhalla and Vishal Sehgal, up to 1.13 crore shares by Unic Memory Technology and up to 9.75 lakh shares by Tupperware Kitchenware.
2023-01-17T19:55:27+05:30

Two pharma companies get SEBI nod to raise funds via IPO

Innova Captab is an integrated pharmaceutical company in India with a presence across the value of the pharmaceutical chain including research and development, manufacturing, drug distribution and marketing, and exports. The company filed preliminary IPO papers with Sebi on July 07, 2022.
2023-01-17T17:18:33+05:30

Adani Enterprises to launch Rs 20,000 crore FPO

2023-01-17T10:06:01+05:30

Adani Enterprises files papers for Rs 20,000 crore FPO

The FPO could result in the stakes of promoters led by Gautam Adani falling by 3.5%. As of September 2022, the promoters owned 72.63% of Adani Enterprises, while the remaining 27.37% was with public shareholders. Life Insurance Corporation held 4.03% among the public shareholders, while Nomura Singapore, APMS Investment Fund, Elara India Opportunities Fund, and Lts Investment Fund owned stakes between 1% and 2%.
2023-01-17T06:45:25+05:30

IPOs delayed as Dalal Street stays volatile, investors bearish

In the past six months, 27 companies with IPO plans worth ₹38,000 crore have allowed their regulatory approvals to lapse, according to Prime Database numbers. Similarly, the permissions to another nine firms planning to raise a total of ₹15,000 crore are set to expire over the next two months.
2023-01-16T06:34:27+05:30

Furniture Retailer Stanley Lifestyles plans Rs 700-cr IPO

The company, ICICI Securities and JM Financial, did not respond to ET's queries. In 2018, Oman India Joint Investment Fund invested $24 million or ₹170 crore in the company for a 26% stake.
2023-01-13T06:22:54+05:30

Cyient unit files DRHP for Rs 740 crore IPO

Cyient DLM focuses on highly complex, low-volume electronics manufacturing for safety-critical segments. The company had last year appointed Anthony Montalbano as its CEO.
2023-01-10T11:00:22+05:30

International Holding Company, Gulf SWFs may go big on Adani Enterprises’ $2.5 billion FPO

Adani Enterprises late November announced the initiation of a much-awaited follow-on public offer (FPO) to raise as much as ₹20,000 crore ($2.5 billion) from retail and institutional investors, riding piggyback on the meteoric 18-fold jump in its stock prices in the last five years. This will be the largest such issuance in India to date.
2023-01-10T06:35:27+05:30

Why SME IPOs are emerging as top fund-raising platform for promoters

For a developing country such as India, Small and medium enterprises (SMEs) are the wheels that turn the economy, and SMEs contribute to one-third of India's GDP. The SMEs have played an essential role in India's socio-economic development and in globally developed countries such as Germany. In fact, SMEs generate 54.4% of overall value added in Germany and 63.7% of overall employment in the German non-financial business economy.
2023-01-08T11:59:34+05:30

JG Chemicals files preliminary papers with Sebi; to raise funds via IPO

Proceeds from the fresh issue will be used for investment in its material subsidiary BDJ Oxides. It will use Rs 45 crore in repayment of borrowings availed by its arm, Rs 5.31 crore will be used for setting up a Research & Development centre, Rs 65 crore will be used to fund the long-term working capital requirements of its material arm.
2023-01-06T17:07:32+05:30

IPO tips from Zerodha CEO Nithin Kamath for B2C startups

He said setting right expectations, being transparent and not overselling are great ways to reduce the volatility of the stock price pre and post-IPO. "Doing this well can make shareholders feel like owners & help reduce customer acquisition costs, the biggest cost for B2C businesses."
2023-01-05T14:00:23+05:30

Radiant Cash lists at over 9% premium to IPO price

Shares of the cash logistics player closed at ₹106.50, a 13% premium to the issue price. This is the first IPO to close above the offer price on listing day in the past six issues.
2023-01-05T06:24:44+05:30

Sah Polymers IPO subscription closes today: Check GMP & other details

The quota for retailers was subscribed 39.78 times whereas the portion for non-institutional investors fetched 33.94 times bids, and the allocation for qualified institutional bidders was booked 2.40 times.
2023-01-04T13:53:16+05:30

Sebi returns OYO's draft IPO papers; asks to refile with updates

The company had filed its Draft Red Herring Prospectus (DRHP) with Sebi in September 2021 and is aiming to raise Rs 8,430 crore
2023-01-03T16:17:23+05:30

Sah Polymers IPO subscription to close tomorrow: Check GMP & other details

The company is selling its shares in the range of Rs 61-65 apiece between December 30 and January 4, in a lot size of 230 equity shares
2023-01-03T13:56:50+05:30

IPO pipeline in 2023: 54 companies waiting to raise Rs 84,000 crore

Pranav Haldea, Managing Director, PRIME Database, said the momentum seen in the last 2 months of 2022 is likely to continue, at least for the smaller-sized IPOs. However, it may be a while before we see larger-sized deals, especially in light of the lack of sustained interest from FPIs, he said.
2023-01-03T13:53:28+05:30

40 IPOs gave an average listing day gain of 10% in 2022: Report

Overall, 40 Indian corporates raised Rs 59,412 crore through main board IPOs in calendar year 2022, half of the Rs 1,18,723 crore (all-time high) mobilized by 63 IPOs in 2021, according to the database. According to Pranav Haldea, Managing Director, PRIME Database Group, Rs 20,557 crore or a huge 35% of the amount raised in 2022 was by LIC alone.
2023-01-03T13:49:18+05:30

A lot is riding on Mamaearth's Street debut for FMCG Inc

In the past two years, several large FMCG companies, such as HUL, ITC, Marico, Emami, Reckitt, Wipro Consumer and Colgate Palmolive, have picked up stakes in DTC digital-led startups that garnered popularity among consumers during the Covid-19 pandemic.
2023-01-03T06:17:35+05:30

Rishabh Instruments files draft papers with Sebi to mobilise funds via IPO

Going by the draft papers, the firm may explore a pre-IPO placement aggregating to Rs 15 crore. If such a placement is undertaken, the size of the fresh issue will be reduced.Proceeds from the issue worth Rs 59.50 crore will be utilised towards financing the expansion of its manufacturing facility in Nashik and for general corporate purposes.
2023-01-02T16:23:01+05:30

Sah Polymers IPO subscribed 2.37 times on Day 2

Reliance Securities said while the company has a quality product mix, strong customer base across geographies and industries, good financials and a wide product portfolio, the issue seems pricey based on the current financials.
2023-01-02T15:56:52+05:30
Stocks in focus: Astral, BSE Ltd, ICICI Pru and more

2023-02-08T08:19:31+05:30

Asian shares rise, dollar staggers after 'dovish' Powell comments

In the currency market, the dollar pulled back a bit after the speech. The dollar index, which measures the U.S. currency against six major rivals, was at 103.30, having dropped to as low as 102.99 in the previous session.
2023-02-08T08:08:51+05:30

Shares of Nintendo, SoftBank tumble after earnings

Shares of Japan's Nintendo Co Ltd and SoftBank Group Corp fell sharply on Wednesday, a day after both unveiled earnings that fell short of expectations, as tech firms around the globe send a cautionary signal to investors.
2023-02-08T08:05:16+05:30

Dollar pulls back as Powell sticks to usual Fed playbook

The Reserve Bank of Australia on Tuesday raised its cash rate by 25 basis points, as expected, but reiterated that further increases would be needed, indicating a more hawkish policy tilt than many had expected.
2023-02-08T08:01:20+05:30

Gold ticks up as dollar eases after Powell's comments

Gold is sensitive to high interest rates, which lift the opportunity cost of holding non-yielding bullion.The U.S. trade deficit widened in December, reversing half of the prior month's sharp contraction, as imports rebounded and exports of goods dropped to a 10-month low amid cooling global demand and declining crude oil prices.
2023-02-08T07:58:55+05:30

Oil climbs 3rd day on subdued dollar, U.S. crude stocks' drop

However, gasoline and distillate inventories rose more than expected, with gasoline stocks up by about 5.3 million barrels and distillate stocks, which include diesel and heating oil, up by about 1.1 million barrels.
2023-02-08T07:49:18+05:30

US stock market: Wall Street rallies but trade choppy as investors digest Powell comments

Most sectors on the S&P 500 ended higher. The energy sector the top gainer as crude prices surged more than 3% on Powell's remarks. The technology and communication services sectors were also among top gainers.
2023-02-08T07:44:27+05:30

Stock Market LIVE Updates: SGX Nifty signals a positive start; Asian shares trade higher

2023-02-08T07:34:49+05:30

NBFC-MFIs lead in microloan asset share

It said that NBFC-MFIs surpassed banks by a thin margin. Banks as a group controls 34.8% of the market, in which lenders provide micro loans without collateral to joint liability group members. Loans given by banks to self help group members are not included here.
2023-02-08T06:29:41+05:30

Budget 2023: A Balancing act with tax relief, inclusive spending and capex surge

Many of India's infrastructure, particularly in airports and ports, today can be compared favourably with their global counterparts, and in some, like waterways and roads, there is scope for improvement. The government recognises this need to build capacity and infrastructure.
2023-02-08T01:08:39+05:30

HSBC confident it can serve an aspirational India going global

While the London-based lender is still deliberating plans on branch expansion, it is building a tech stack to onboard a large section of the first-time salaried class, affluent Indians and the MSME segment as its clients.
2023-02-08T01:04:13+05:30

IBBI challenges NCLT's order rejecting admission of GTL Infra

IBBI's petition is aimed at course correction after the Vidarbha Industries Power case where the Supreme Court struck down the National Company Law Tribunal's decision to admit the Anil Ambani-promoted power producer despite proof of default while adding that tribunals should have factored in extraneous matters.
2023-02-08T01:00:11+05:30

Adani Group plans independent probe into Hindenburg allegations

According to industry observers, the decision to undertake an independent assessment augurs well to reassure investors, especially equity investors, who have borne the major brunt in the saga and have witnessed steep wealth erosion.
2023-02-08T00:41:07+05:30

Retail investors flock to small-cap AI firms as Big Tech battles for share

The viral success of ChatGPT has turned the spotlight on AI on Wall Street, reminiscent of the blockchain hype from a few years ago when shares of companies remotely associated with the technology surged
2023-02-07T22:21:03+05:30

Dollar at 1-month high as focus turns to Powell speech

Friday's jobs report wrongfooted traders who were banking on an imminent pause in the Fed's rate-hike cycle, and gave the U.S. currency a leg up
2023-02-07T22:14:09+05:30

Oil rises on China outlook, supply worries after Turkey earthquake

Saudi Arabia, the world's top oil exporter, raised prices for its flagship crude for Asian buyers for the first time in six months amid expectations of demand recovery, especially from China.
2023-02-07T22:11:00+05:30

Tata Teleservices Q3 net loss narrows to Rs 279.79 crore

The company has also appointed a new chief financial officer in Shinu Mathai who will take over the position from March 1. Apart from the role of CFO, Mathai will also carry out the duties as the compliance officer for the company
2023-02-07T22:10:01+05:30

CreditAccess Grameen Q3 net profit surges 85% YoY to Rs 217 cr in highest-ever quarterly profit

Its net interest income rose by 38% at Rs 567 crore. Total income grew by 32% at Rs 910 crore. Impairment of financial instruments dipped by 24% at Rs 89.4 crore. Pre-provision operating profit increased by 38.7% year-on-year at Rs 380 crore
2023-02-07T22:07:17+05:30

Stock Radar: Buy M&M Financial Services for a target of Rs 320, says Ajit Mishra

2023-02-07T22:00:00+05:30

Ahead of Market: 10 things that will decide D-St action on Wednesday

Expectations of high rates for a protracted period dragged Wall Street's main indexes down on Monday. But, all three major averages are in the black for 2023, with the Nasdaq adding over 13%, led by a revival in battered mega-cap growth stocks
2023-02-07T21:51:54+05:30

Market Watch: 17870-17854 trading range for Nifty in near term

2023-02-07T21:51:37+05:30

Stocks, dollar pause ahead of Powell, Biden speeches

The Australian dollar earlier bolted higher after its central bank reiterated further increases would be needed, while the yen gained after an unusually strong Japanese wage data
2023-02-07T21:34:05+05:30

Govt becomes single largest shareholder in VI with 33.44%

The board, at its meeting today, approved allotment of 16,133,184,899 equity shares of face value of Rs 10 each at an issue price of Rs 10 per share, aggregating Rs 161,331,848,990 to the Department of Investment & Public Asset Management, Government of India (acting through President of India),” Vi said in BSE filing late Tuesday evening
2023-02-07T21:31:11+05:30

First Budget in Amrit Kaal: India is the only economic oasis amid global slowdown

Virtue of spending meticulously, in pockets which provide maximum multiplier is something the FM has shown in Budget 2023, just like the careful spending towards pandemic led stimulus a couple of years back. Even while checking all the right boxes, we have reduced our fiscal deficit
2023-02-07T21:12:56+05:30

Hero MotoCorp Q3 results: Net profit rises 2.41% to Rs 721.24 cr, beats estimate

2023-02-07T21:10:26+05:30

Will RBI's Das make D-Street bulls smile or frown on Wednesday?

The volatility gauge ending lower in trade is another indication that traders haven’t taken any aggressive bets in the run-up to the policy. India VIX, often termed as the ‘fear gauge’, ended nearly 4% down at 14.1250 points
2023-02-07T21:04:40+05:30

Adani Green Energy Q3 results: Net profit more than doubles to Rs 103 crore

2023-02-07T20:45:36+05:30

Wall Street edges lower ahead of Powell comments

Traders are speculating that the central bank would push the benchmark rate to 5.1% in June, levels that policymakers have backed vociferously
2023-02-07T20:37:13+05:30

Trading Guide: ABB among 4 stock recommendations for Wednesday

2023-02-07T20:20:29+05:30

BSE to divest 2.5% stake in CDSL through OFS route

Along with the divestment decision, the board has also approved and released third quarter results of BSE. The company's consolidated net profit fell 15% to Rs 52 crore in the three months ended December period, compared with Rs 61 crore in the corresponding period of last year
2023-02-07T19:50:46+05:30

BSE Q3 Results: Net profit drops 16% to Rs 51.6 cr; revenue from operations up 6%

Overall, BSE reported a sustained third quarter result amidst a difficult market environment. 2022 was a period of transition for the BSE, and as we embark on a new journey in the new Financial Year, I believe that a balanced business model will enable us to grow much higher," Sundararaman Ramamurthy, MD and CEO of BSE, said.
2023-02-07T19:43:41+05:30

These 6 stocks record a new 52-week high; rose up to 15% in a month

2023-02-07T19:33:14+05:30

ONGC to start oil production from D5 block in May, gas in 2024 albeit at lower rate than estimates

Company's director (offshore) Pankaj Kumar said a floating production unit, called FPSO, which will be used to produce oil, is already in Indian waters. "We estimate oil production should start in May," Company's director (offshore) Pankaj Kumar said.
2023-02-07T19:31:20+05:30

Adani Total Gas says expansion and spending plans are intact

The joint venture between Adani and TotalEnergies SE has planned for almost 150 billion rupees ($1.8 billion) of capital spending over the next seven years to fund new growth, Manglani said. Already the company has the ability to distribute natural gas to about 14% of India’s population.
2023-02-07T19:29:25+05:30

Hero MotoCorp Q3 Results: Net profit rises 3.6% YoY to Rs 711.06 cr; beats estimates

Niranjan Gupta, Chief Financial Officer (CFO), Hero MotoCorp, said “We have started recovering our market shares and expect this journey to continue backed by exciting launches lined up over next few quarters, especially in the premium segment. This, coupled with our renewed focus on savings programme should also help in improving our margin profile going forward
2023-02-07T19:15:48+05:30

This multibagger stock approves 1:3 bonus issue, fixes record date

A company issues bonus shares for their shareholders to increase the liquidity of the stock as well as with the aim to decrease its stock price to make it affordable for investors
2023-02-07T19:12:29+05:30

Jefferies reduces Nykaa's target price. 8 reasons why

The company's stock came under heavy selling pressure in November last year, when the lock-in period for pre-IPO investors ended. Nykaa sought to limit the damage by announcing a bonus issue, but the move failed to persuade investors to stay put. The shares have lost over 50% in the last one year period
2023-02-07T19:08:50+05:30

Sell-off fizzles ahead of Powell and Biden speeches

An ECB survey on Tuesday showed euro zone inflation expectations were still edging up at the end of last year, while Fed Minneapolis President Neel Kashkari was out saying he still thought U.S. rates should rise to at least 5.4% from their current 4.5%-4.75% range
2023-02-07T19:01:13+05:30

Ambuja Cements Q4 Results: Profit rises 13% YoY to 369 cr on lower fuel costs

2023-02-07T18:47:21+05:30

Banks’ Adani exposures not large enough to pose a risk: Moody’s

"Banks' exposures to Adani are not large enough to affect their credit quality materially. We estimate that their exposures to Adani are not more than 1% of their total loans," Moody's said in a report, which estimated that the exposures of public sector banks are larger than for private sector banks.
2023-02-07T18:44:40+05:30

Bharti Airtel Q3 Results: Profit rises 92% YoY to Rs 1,588 cr; operational revenue up by 20%

2023-02-07T18:38:13+05:30

Goldman Sachs raises $5.2 billion for inaugural growth equity investment fund

The fund which has raised $5.2 billion is Goldman Sachs’ inaugural direct private markets fund dedicated to investing in high-growth businesses with strong market positioning, high growth rates and durable business models, the release said
2023-02-07T18:06:30+05:30

Regulations strictly followed while making investments: LIC tells govt amid concerns over exposure to Adani grp cos

The total purchase value of equity, purchased over the last many years, under all the Adani group companies is Rs 30,127 crore and the market value for the same as at close of market hours on January 27, 2023, was Rs 56,142 crore, as per LIC.
2023-02-07T18:01:20+05:30

Hero MotoCorp Q3 Results: PAT rises just 4% YoY to Rs 711 crore on muted sales

The board has approved interim dividend of Rs 65 per share for the current financial year
2023-02-07T17:53:47+05:30

Most Adani stocks stage a comeback. Check out top gainers from the pack

Shares of Adani Group companies rallied on Tuesday, a day after it prepaid some loans. >> For more such web stories click on the ET icon below
2023-02-07T17:46:59+05:30

Rupee in narrow range, premiums fall; Powell, RBI eyed

We would have to say that the proceedings for the day were along expected lines, with the 82.80 level proving a hindrance for dollar bulls, a trader at a Mumbai-based bank said
2023-02-07T17:40:55+05:30

Gold jumps Rs 128; Silver declines Rs 38

Gold prices should consolidate in range for the day as investors eyeing Federal Reserve Chair Jerome Powell's speech later in the day to gauge the US central bank's monetary policy path after latest stronger non-farm payrolls data," Gandhi said.
2023-02-07T17:35:59+05:30

Share market update: Most active stocks of the day in terms of traded value

The NSE Nifty index closed 43.1 points down at 17721.5
2023-02-07T17:28:22+05:30

Stock market update: Stocks that hit 52-week highs on NSE in today's trade

Apar Industries, GRP Ltd, SKM Egg Prod, Tara Chand Logistic and Action Const., hit their fresh 52-week highs during the day.
2023-02-07T17:23:10+05:30

Tech View: Nifty charts hint at selling pressure on every uptick. What traders should do on Wednesday

As Nifty formed a lower top for the second consecutive day, chart readers said 17,870 – 17,854 could be the trading range for the Nifty in the near term.Options data suggests a broader trading range between 17400-18200 zones, while an immediate trading range between 17600-17900 zones.
2023-02-07T17:22:37+05:30

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