GAGA Share Market News

[hfe_template id='11223'] [ad_1] Swiggy’s stock may face heightened volatility in the near term as the expiry of a major pre-IPO shareholder lock-in period approaches, according to brokerage JM Financial. The lock-in, which ends on May 12, will make around 83% of the company’s shareholding eligible for trade for the first time, raising the potential for large-scale offloading. On Thursday, shares of the food and delivery giant slipped as much as 1.6% to Rs 342.4 on the BSE. JM Financial estimated that even if just 15% of the locked-in shares are sold post expiry, it could result in outflows worth Rs 120 billion — nearly equivalent to the company’s total IPO size of Rs 113 billion. Many pre-IPO investors, including private equity and venture capital firms, are sitting on substantial unrealised gains, and despite Swiggy’s stock trading about 12% below its IPO price of Rs 390, some may be inclined to exit. "While we cannot accurately predict when these shareholders wil...

[hfe_template id='11223'] [ad_1] Indian corporates shattered fundraising records in FY2024-25, mobilizing a staggering Rs 19.96 lakh crore through a mix of equity and debt instruments, despite volatile market conditions and global economic headwinds. The data, compiled by PRIME Database, highlights a strong appetite for capital across both primary equity markets and debt channels - making it the highest ever fundraising in a single fiscal year. While market sentiment remained uneven through parts of the year, companies rushed to seize favourable windows, leading to record equity mobilisation of Rs 3.71 lakh crore - nearly double that of the previous year. The surge was powered by blockbuster IPOs, a revival in Qualified Institutional Placements (QIPs), and robust participation in private debt placements. Mainboard IPOs alone raised Rs 1.62 lakh crore. Here’s a look at the data compiled by PRIME Database: Equity fundraising doubles as IPOs roar back Total equity mobilisat...

[hfe_template id='11223'] [ad_1] U.S. President Donald Trump's re-election prompted a run-up in the broad stock market that has since receded. The same has happened in a number of tiny companies linked to the president's two eldest sons. In the last few months, Donald Trump Jr and Eric Trump have announced their involvement in several smaller companies ranging from the e-commerce, drone manufacturing and financial advisory industries. The announcements sparked a frenzy of buying in those stocks - generally thinly traded names with tiny market valuations and minimal revenue - only to give back most of those gains. Donald Jr and Eric Trump currently run the Trump Organization, the president's real estate company. Their association with smaller, publicly listed companies since the election indicates their interest in leveraging that win in the business world. On February 24, the duo disclosed a combined 13.4% stake in biotech firm-turned-financial advisory Do...

[hfe_template id='11223'] [ad_1] Mumbai: Global index provider MSCI has included Hyundai Motor India in its Global Standard Index and removed Adani Green Energy from the measure as part of its February review. The changes, announced on Wednesday, will take effect after market close on February 28. Hyundai India launched its initial public offering (IPO) in October, raising ₹27,870 crore, making it the largest IPO in Indian stock market history. The stock is currently trading about 7.7% lower than its offer price of ₹1,960. The weights of IndusInd Bank, Zomato, Varun Beverages, Mankind Pharma, Torrent Pharmaceuticals, Dixon Technologies, PB Fintech, Adani Enterprises, and Voltas have increased in the MSCI Standard Index. According to Abhilash Pagaria of Nuvama Alternative & Quantitative Research, India's weight in the Emerging Markets (EM) index, currently around 18.8%, is expected to rise to 19% by the adjustment date. This will result in net passive inflows of $...

[hfe_template id='11223'] [ad_1] Shares of One97 Communications, parent company of mobile payment application Paytm, climbed as much as 8% on Thursday to Rs 926.95 on the BSE. The rally in the stock price followed brokerage firm Emkay Global upgrading the stock to 'buy' from its earlier rating of 'add', at a target price of Rs 1,050, which implies a potential upside of over 13% from the stock’s current levels. The brokerage increased its target price on Paytm by 40% to Rs 1,050 from Rs 750 earlier. However, this revised target price remains well below Paytm's recent peak of Rs 1,062.95 reached on December 17 last year. Despite a recent decline of nearly 20% from those levels, Emkay sees the current valuation as attractive for investors. Emkay highlighted that regulatory concerns for the company have eased with recent NPCI approval, which is expected to support Paytm in rebuilding its Monthly Transacting Users (MTU) base over the next 12 to 18 months. ...

[hfe_template id='11223'] [ad_1] Nifty ended with weekly gains of 0.80% aided by auto and health stocks. When markets resume trading on Monday, a host of important domestic and global events lined-up during the week are likely to impact them. Nifty50 settled at 24,004.75, falling by 183.90 points or 0.76%. Commenting on the day's action, Rupak De, Senior Technical Analyst at LKP Securities said that the Nifty failed to break above the 50 EMA on the daily timeframe, resulting in a market correction though conceding that the sentiments still remain positive as the index closed above 24,000. “The RSI shows a bullish crossover. On the upside, the index may rise towards 24,200–24,220, with a break above 24,220 potentially pushing it to 24,500. Conversely, a decisive move below 24,000 could lead the index towards 23,700," De said. Factors that are likely to impact movement when markets reopen this week: 1) Q3FY25 earnings The earnings season begins on Thursday, Januar...

[hfe_template id='11223'] [ad_1] Shares of Amber Enterprises surged 8.6% to reach their all-time high of Rs 7,482 on the BSE today following reports that the company is considering demerging its electronics division. According to reports by CNBC TV-18, Amber Enterprises will be demerging its electronics division, following which, it may float an IPO for the demerged unit. Bankers for the demerger and IPO of the electronics division have been appointed, the channel further reported. For the second quarter ended September 2024, Amber Enterprises’ electronics division reported a robust growth of 98% against the previous year, while the company’s operating EBITDA in Q2FY25 grew by 85% YoY, reflective of their blend of strategy for RAC and the components complimented with the growth in the electronic division. For the period ending September 30, 2024, the company recorded a profit after tax (PAT) of Rs 21 crore against a net loss of Rs 6 crore, posted in the corresponding per...

[hfe_template id='11223'] [ad_1] The primary market is ending the calendar year 2024 with a bang, buoyed by a slew of companies launching their IPOs before the new year. Earlier today, three IPOs of Vishal Mega Mart, Mobikwik and Sai Life Sciences opened for subscription, leaving investors spoilt for choices. However, Vishal Mega Mart emerged as the clear favourite among all the three IPOs, given that the company has priced the issue attractively (at P/E of 77.2x, lower than retail peers) and it is strategically positioned to benefit from India’s expanding retail market, particularly in tier-2 and tier-3 cities where organized retail penetration remains low. At a PE of 77.2x its earnings, the company currently boasts a market capitalization of Rs 35,168.01 crore. However, one drawback is the complete OFS structure, where the promoter will offload around 102 crore shares. "The company’s focus on cost-efficiency, consumer-centricity, and aggressive expansion in unders...

[hfe_template id='11223'] [ad_1] Reserve Bank of India's (RBI) CRR cut temporarily lifted markets mood but they eventually finished with declines, ending their five sessions gaining streak. Bank and IT stocks dragged headline indices, the most. While the S&P BSE Sensex settled at 81,709.12, down by 56.74 or 0.07%, the broader Nifty50 closed at 24,677.80, lower by 30.60 or 0.12%. Nifty ended Friday's session with a marginal loss with cash market volumes on the NSE falling to Rs 1.08 lakh crore, said Deepak Jasani, Head of Retail Research at HDFC Securities. The near-term trend of Nifty remains positive, he said. "Nifty on weekly charts gained the most since early June and formed a long bull candle with minor upper shadow. Having moved above the crucial hurdle of 24,500 there is a possibility of more upside in the coming week/s. The next upside targets to be watched are around 24,857-24,882 band and later 25,084 in the near term. Immediate support is at 24...

[hfe_template id='11223'] [ad_1] LG Electronics Inc. has added Axis Capital Ltd. to a roster of banks arranging a potential initial public offering of its Indian unit, according to people familiar with the matter. The South Korean company has selected the Indian bank as it moves forward with a share sale in Mumbai, the people said, asking not to be identified because the matter is private. Representatives for LG Electronics and Axis Capital declined to comment. LG had appointed banks including Bank of America Corp., Citigroup Inc., JPMorgan Chase & Co. and Morgan Stanley as arrangers for an IPO that may take place as early as next year, Bloomberg News reported in September. LG may seek to raise $1 billion to $1.5 billion from the share sale, which could give LG Electronics India Pvt Ltd. a valuation of about $13 billion, people familiar with the matter have said. Stock Trading Technical Trading Made Easy: Online Certification Course By - Souradeep Dey, Equity and Com...

[hfe_template id='11223'] [ad_1] The grey market premium (GMP) of Swiggy stood at 5% or Rs 19 in the unlisted market three days ahead of its initial public offering (IPO), which will hit the Street on November 6 and will be available till November 8. However, a month ago, Swiggy shares were trading at Rs 515 in the unlisted market. The company has fixed a price band of Rs 371-390 per share for the IPO, which means that the investors are willing to pay about Rs 409 for one share of the company. Swiggy is serving the IPO at a lower valuation of $11.3 billion as against its earlier target of around $15 billion. The valuations were reduced due to prevailing market volatility and the lacklustre debut of Hyundai India. Swiggy’s last private round valuation was $10.7 billion when it raised $700 million in a round led by US asset manager Invesco in January 2022. The company has increased its fresh equity sale in the IPO to Rs 4,499 crore, while reducing its offer for sale (OFS) ...

[hfe_template id='11223'] [ad_1] Our regulators, effectively leveraging technology, are constantly moving towards higher efficiency and improved processes in our secondary trading markets. Now, we have reached a level of T+0 settlement and are also envisioning instantaneous settlement. There has been marked improvement in the efficiency of our primary markets as well. SEBI’s efforts to explore Artificial Intelligence (AI) for processing offer documents more efficiently in a time bound manner, if successful, will be a considerable step in that direction. Public issuance timelines and post issue activities have already been cut significantly. IPO timelines are down from almost 2 to 3 months post SEBI clearance to just about 10 to 12 days. Can this be further improved? One area which can make a big difference in our IPO timeline is participation of the retail investors directly into IPO subscription. Retail and High Networth Individual (HNI) are important constituents of th...

[hfe_template id='11223'] [ad_1] Deepak Builders and Engineers shares debut on the exchanges on Monday, listing at Rs 200 on the NSE, a 1.5% discount over its issue price of Rs 203. Considering the upper price band of Rs 203, the stock is expected to list at a healthy premium of 16% over the issue price. However, it is important to note that grey market premiums are just an indicator of how the company's shares are stacked up in the unlisted market and are subject to change rapidly. The IPO of Deepak Builders received a healthy response from investors with an overall subscription that stood at 41.5 times at close. Funds from the IPO to the tune of Rs 95 crore will be used for the working capital requirements of the company and Rs 30 crore for payment of debt, besides, a portion will be utilised for general corporate purposes, as per the draft papers filed last week. Deepak Builders is an integrated engineering and construction company, specialising in execution and c...

[hfe_template id='11223'] [ad_1] The shares of Premium Plast will debut on the NSE SME platform on Monday. Ahead of the listing, the company's shares are trading with a GMP of Rs 9. Considering the upper price band of Rs 49, the stock is expected to list at a premium of 19% over the issue price. The IPO was entirely a fresh equity sale of 53.46 lakh shares and through the issue, the company raised about Rs 26.2 crore. The net proceeds from the public offer will be used for the expansion of the existing manufacturing facility, funding of capital expenditure requirements, repayment of debt, general corporate purposes, and issue-related expenses. Premium Plast is a tier-1 (tier-1 companies are companies that directly supply to original equipment manufacturers, automotive component group. It designs, manufactures and supplies, exterior plastic components, interior cabin components, under the hood components to commercial vehicle OEMs directly. Also Read: Godavari Biorefi...