Docmode Health Technologies shares list at 141% premium over IPO price
Fri, Feb 2, 2024 10:42 AM

Docmode Health Technologies shares list at 141% premium over IPO price

Shares of Docmode Health Technologies listed on Friday with a premium of 141% over the issue price. The stock debuted at Rs 190.25 on NSE SME platform as against an offer price of Rs 79.Ahead of the listing, the company's shares traded with a premium of Rs 42 in the unlisted market.The public offer of Docmode Health Technologies, which is entirely a fresh equity issue of 8.49 lakh shares.

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RIL hits fresh record high, jumps over 2.5%
Fri, Feb 2, 2024 10:41 AM

RIL hits fresh record high, jumps over 2.5%

Shares of Reliance Industries Ltd on February 2 hit a fresh record high with the stock gaining over 2.5 percent. At 10am, the stock was quoting Rs 2,930, a fresh record high, on the BSE, up over 2.5 percent in the past one month. Its current market capitalisation stands at Rs 19.7 lakh crore. The stock experienced a significant uptick in January, rising around 11 percent.

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Jana Small Finance Bank to float Rs 570-crore IPO on Feb 7!
Fri, Feb 2, 2024 10:37 AM

Jana Small Finance Bank to float Rs 570-crore IPO on Feb 7!

Jana Small Finance Bank, based in Bengaluru, is launching an IPO with a price band of Rs 393-414 per share. The Rs 570 crore public issue includes fresh shares worth Rs 462 crore and a sale of 26,08,629 shares by six investors. The bank has already raised Rs 113.14 crore through equity shares and CCPS. The proceeds from the IPO will be used to strengthen the bank's Tier - 1 capital base.

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How you should deal in Canara Bank, Eicher Motors, BEML Today?
Fri, Feb 2, 2024 10:36 AM

How you should deal in Canara Bank, Eicher Motors, BEML Today?

The market bounced back from a potential downward trend and experts predict that it could reach record highs if the Nifty 50 stays above the support level of 21,500. On February 1st, the budget day, the Nifty 50 fell slightly while the India VIX decreased after the FOMC meet outcome and interim budget. Canara Bank, Eicher Motors, and BEML outperformed the benchmarks with Canara Bank.

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Ashok Leyland declines 3% after January sales hit roadblock
Fri, Feb 2, 2024 10:25 AM

Ashok Leyland declines 3% after January sales hit roadblock

Ashok Leyland's stock price dropped by 3%, trading at Rs. 168.3, after the company reported a 7% decrease in total sales to 15,939 units in January 2024 compared to 17,200 units sold in the same month last year. This decline was driven by a drop in both MHCV and LCV sales by 8% and 7% respectively. This marks the third consecutive month of declining sales for the company.

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12 reasons why a right investment plan must not focus only on income tax.
Fri, Feb 2, 2024 10:24 AM

12 reasons why a right investment plan must not focus only on income tax.

The Indian financial landscape has undergone a significant change with the new tax regime limiting tax deductions for investors. This presents an opportunity to shift from a myopic approach focused on tax benefits, towards a more comprehensive investment strategy based on factors such as risk tolerance, investment horizon, and financial goals. It is crucial to diversify investments, assess risk.

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Budget 2024 provides big boost for many sectors
Fri, Feb 2, 2024 10:15 AM

Budget 2024 provides big boost for many sectors

The interim budget introduced crucial proposals from a market perspective, including boosts to housing, an addition of 40,000 rail bogies, a rooftop solar scheme and the Lakhpati Didi scheme. These measures are expected to have a positive impact on various sectors, such as housing, construction-related segments, railways, defence and microfinance companies.

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Oman India-backed Capital Small Finance Bank to launch Rs 523-crore IPO.
Fri, Feb 2, 2024 10:15 AM

Oman India-backed Capital Small Finance Bank to launch Rs 523-crore IPO.

Punjab-based Capital Small Finance Bank is set to go public for raising up to Rs 523.07 crore, on February 7. The price band for the offer has been set at Rs 445-468 per share. The IPO will close on February 9, while bidding for the anchor book of the issue will open for a day on February 6. The IPO is a mix of fresh shares worth Rs 450 crore, and an offer-for-sale (OFS) of 15,61,329 equity share.

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Budget: Gail, EIL plan to issue bonus shares worth Rs 3,000 cr to govt
Fri, Feb 2, 2024 10:12 AM

Budget: Gail, EIL plan to issue bonus shares worth Rs 3,000 cr to govt

Government to receive bonus shares worth ₹ 2,940 crore from GAIL and EIL this fiscal year. GAIL's share worth ₹ 2,840 crore and EIL's worth ₹ 99 crore. Last bonus issue for Gail in September 2022. Shareholders don't have to pay for bonus shares. Government has majority stake in both companies. Gail's shares up 80% in a year.

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Stocks in news: IndiGo, Tata Motors, Titan, Paytm, Hero MotoCorp
Fri, Feb 2, 2024 10:08 AM

Stocks in news: IndiGo, Tata Motors, Titan, Paytm, Hero MotoCorp

Equity markets close lower on Budget day due to uncertainty about US Fed interest rate cuts. Companies like IndiGo, Tata Motors, JSW Infra, Delhivery to announce Q3 results today. Titan sees 9% profit growth, Hero MotoCorp's sales up 21%, Mphasis' net profit at Rs 374 crore, Eicher Motors' total sales up 2%. Pricol's net profit and revenue increase, while Paytm stocks plummet following RBI action.

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KKR fully exits Indus, Canada Pension Fund still retains 0.05%
Fri, Feb 2, 2024 10:03 AM

KKR fully exits Indus, Canada Pension Fund still retains 0.05%

KKR and CPPIB have sold off their holdings in Indus Towers, India's largest telecom tower company, through multiple block deals to undisclosed buyers, raising over ₹3,900 crore. This comes after the two private equity firms had purchased a 10.3% stake in Bharti Infratel for ₹6,194 crore in 2017. Vi's financial struggles have caused challenges for Indus Towers.

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Paytm stock plunges 20% after downgrades by brokerages
Fri, Feb 2, 2024 10:02 AM

Paytm stock plunges 20% after downgrades by brokerages

Mumbai: Shares of One97 Communications, the parent of digital payments firm Paytm, plunged 20% Thursday - the lowest tradable limit of the day - even as analysts downgraded the stock after the Reserve Bank of India directed subsidiary Paytm Payments Bank to stop offering its key services after February 29. The stock closed at ₹608.80 on the BSE on Thursday.

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Hot stocks: Double-digit gains likely in BSE, Container Corporation!
Fri, Feb 2, 2024 10:01 AM

Hot stocks: Double-digit gains likely in BSE, Container Corporation!

The Nifty has been trending upwards with higher tops and bottoms on monthly charts, but a recent Doji candle pattern at the life-high level may signal potential market fatigue. Despite a correction in the last couple of weeks, the index maintains a "higher top higher bottom" formation, indicating demand at lower levels. On daily charts, it is consolidating between 21,350 and 21,850 levels.

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Wall Street ends higher; earnings, jobs report in focus
Fri, Feb 2, 2024 9:59 AM

Wall Street ends higher; earnings, jobs report in focus

U.S. stocks bounced back on Thursday, driven by strong earnings reports and the Federal Reserve's comments that a rate cut in March is unlikely. The tech-heavy Nasdaq led gains, while Meta Platforms and Amazon saw post-market boosts. Apple, however, dipped after reporting lower-than-expected sales in China. Economic data showed signs of a slowing labor market.

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China's approves licences for 32 imported online games for 2024
Fri, Feb 2, 2024 9:57 AM

China's approves licences for 32 imported online games for 2024

China approved licences for 32 imported online games for 2024, its press and publication administration said on Friday in a statement on its website. Among the games approved by the regulator are two titles to be published by Tencent Holdings such as Kirby Star Allies and Taiko no Tatsujin by Nintendo.

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