Mon, Nov 18, 2024 3:09 PM
Linde, Acme, Thermax among those interested in IOC's green hydrogen project
A Flip by Avya Verma
Zinka Logistics Solution's IPO is open for subscription from November 13 to 18, 2024, with a price range of ₹259-273 per equity share, seeking to raise ₹1,114.72 crore. After two days of bidding, the issue has received mediocre response, with overall subscription at 1.85 times, retail at 1.64 times, and NII at 0.23 times.
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Samsung Electronics shares surged 6.7% in Seoul trading after announcing a surprise plan to buy back $7.2 billion of its own stock over the next year, providing a short-term catalyst to the stock which slumped 30% this year. Samsung will cancel 3 trillion won of shares starting Monday, with the board deliberating on the remaining 7 trillion won.
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Wall Street brokerages have turned more cautious on Chinese stocks as persistent deflationary pressures and geopolitical tensions cloud the outlook for earnings in the world’s second-largest equity market. Morgan Stanley strategists reduced Chinese equities to a slight underweight within the region, while Goldman Sachs Group Inc. trimmed its index target on the MSCI China Index.
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