Markets
Zomato files for IPO, eyes Rs 8,250 crore
The start-up’s average order value for food delivery increased to Rs 407.8 in Q3FY21 from Rs 264.6 from Q1FY20. Zomato is looking to raise up to Rs 8,250 crore ($1.1 billion) through an initial public offering (IPO), preliminary documents filed with capital markets regulator Securities and Exchange Board of...
HDFC Life: Upgrade to ‘hold’, lift TP to Rs 720 from Rs 610
The pension subsidiary clocked robust growth of 98% in AUM to over Rs 160billion. Online retail and new categories drive spend recovery. Card spend was up 11% YoY but new card acquisitions were down 8% YoY. Both retail and corporate segments saw spend recovering to normalised levels. Online spend...
Milk sales hit due to Covid curbs in Maharashtra
The government needs to intervene help dairies with export incentives to bring stability to the market, he said. Lockdown-like restrictions across Maharashtra due to the second wave of Covid-19 has impacted demand for milk and milk products hitting sales by at least 40-60%. With supply exceeding demand, dairies have...
Axis Bank: Maintain ‘buy’ with target price of Rs 942
This is despite the bank making additional provision aggregating Rs8.0bn on accounting change in provisioning rates on loans to commercial banking segment. Axis Bank’s Q4FY21 earnings beat reaffirms our view that besides strengthening the balance sheet (through prudent and conservative buffers), it is equally focusing on building granularity to...
Info Edge, Maruti, Axis Bank, Tata Comm, PNB Housing, Vedanta, JSPL, Bajaj Finance, HDFC AMC stocks in focus
Headline indices have been on a gaining spree for consecutive sessions. Image: Reuters Nifty futures were trading flat with a negative bias at 14,656.50 on Singaporean Exchange, hinting a flat start for BSE Sensex and Nifty 50 on Wednesday. Headline indices have been on a gaining spree for consecutive...
PowerGrid InvIT IPO opens tomorrow: Stable financials, healthy payouts; should you subscribe
The InvIT is sponsored by maharatna PSU, Power Grid Corporation of India, a Sensex listed firm. PowerGrid Infrastructure Investment Trust (InvIT) IPO will open for subscription tomorrow, making it the first InvIT to be sponsored by a state-run firm. PowerGrid InvIT is looking to raise Rs 7,735 crore through...
Petrol and Diesel Price Today in India: Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad and More Cities
Prices of Petrol and Diesel remain unchanged today for the thirteenth consecutive day. (Image: REUTERS) Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad: Prices of Petrol and Diesel remain unchanged today for the thirteenth consecutive day. Fuel prices were last cut on April 15 after having...
SBI, BPCL, Hero MotoCorp among stocks to buy, technical charts suggest Nifty may ride towards 14,800
There is a possibility of a further upside that may continue to push the index upwards, till 14800. Image: Reuters By Shrikant Chouhan The market continued to remain positive for the second day in a row. On Tuesday, once again the benchmark index — Nifty/Sensex opened with a strong...
Zomato Rs 8,250-cr IPO set to hit D-street; Naukri.com parent to sell Rs 750-cr shares via OFS
Online food delivery platform Zomato is looking to raise a massive Rs 8,250 crore through its much-awaited initial public offering (IPO). Online food delivery platform Zomato is looking to raise a massive Rs 8,250 crore through its much-awaited initial public offering (IPO). In its DRHP, filed with the capital...
Gold prices fall for 5th straight day ahead of US Fed decision; check MCX gold support, resistance levels
Indian rupee is also trading below 75 zone, putting downward pressure on MCX prices Gold prices fell for the fifth straight day on Wednesday, following international trends as investors awaited the US Federal Reserve policy decision. MCX gold June futures were trading Rs 208 or 0.44 per cent down...
