The number of companies with a minimum market capitalisation of $10 billion has surpassed the 100 mark for the first time in 2024 after a broad-based rally lifted most stocks on Dalal Street. The rich valuation makes them more sweeter considering the kind of erosion that the rupee has witnessed during the year. The local […]
Five stocks, including IREDA, listed at the same time last year — Here is how they have fared – CNBC TV18
1 / 6 At the same time last year, Dalal Street was in the throes of an IPO frenzy with investors having placed bids worth ₹2.5 lakh crore for the five issues that had opened for subscription. The five companies – IREDA, Fedbank Financial Services, Tata Technologies, Flair Writing Industries and Gandhar Oil had planned […]
Foreign funds buy Afcons Infrastructure shares for ₹450 crore via bulk deals – CNBC TV18
Foreign funds including Goldman Sachs, Jupiter India, and Nomura picked up nearly one crore shares of Afcons Infrastructure through bulk deals on Monday. The shares were acquired at an average price of ₹449.24 each, compared to the initial offer price of ₹463.00, according to bulk deal data from the NSE. The sellers were not immediately […]
SoftBank-backed OfBusiness plans $1 billion IPO amid strong revenue growth – CNBC TV18
SoftBank-backed B2B platform for raw material procurement and credit, OfBusiness, is set to hit Dalal Street. The company plans to raise “between $750 million and $1 billion through a public offering in the next 12-15 months,” CFO Bhavesh Keswani told CNBC-TV18. “We are in the process of merging our subsidiaries into a holding company. We […]
Softbank’s India bets pay off as firm clocks 3-fold returns after 3 bumper IPOs – CNBC TV18
Growth equity firm SoftBank Investment Advisers had a bumper last few days in terms of harvesting returns from its investments in India. Portfolio companies Ola Electric, FirstCry, and Unicommerce saw successful listings on the exchanges, giving over 3x returns to the investor. In terms of exits and value unlocking by SoftBank, an investment of $250 […]
Dalal Street Week Ahead: US Fed interest rate decision, Q1 earnings among key factors to watch – CNBC TV18
Indian benchmark equity indices posted a record close, with 47 out of 50 Nifty stocks recording gains on Friday. The NSE Nifty 50 snapped a five-day losing streak and hit an intra-day record high of 24,861. Friday’s surge also helped Sensex and Nifty post weekly gains, with both rising 1% each. With this, the benchmarks […]