Reliance Jio Infocomm is reportedly just days away from filing draft papers for its highly anticipated $4 billion (around Rs 37,758 crore to Rs 40,000 crore in Indian rupees) initial public offering, according to a Financial Times report published on Wednesday that cited sources close to the development. The timing of the filing could position…
Pine Labs Share Price Target: Payments solutions provider Pine Labs Ltd turned profitable in the March-ended quarter, posting a consolidated net profit of Rs 59 crore versus a net loss of Rs 29 crore in the year-ago period. The company’s revenue from operations in Q4FY26 was up 17% to Rs 701 crore, up from Rs…
Anurag Joshi heads the Mumbai reporting team at ET NOW. He leads the news coverage of some conglomerates, debt and equity capital markets, private equity, and M&As. He has over 20 years of experience as a financial journalist, formerly having worked at Bloomberg LP, Reuters, and The Economic Times. View More Source link
The National Stock Exchange (NSE) is set to file its Draft Red Herring Prospectus (DRHP) with market regulator Securities and Exchange Board of India (SEBI) on Wednesday, June 17, sources with knowledge of the matter told CNBC-TV18. The sources also said that the NSE IPO size is likely to be around 6% of the exchange’s…
Top stocks to BUY, SELL or HOLD Today, June 17: Brokerage recommendations are set to keep several stocks in focus in today’s trading session, with analysts reiterating buy, hold and reduce calls across metals, technology, financials and consumer sectors. Stocks such as JSW Steel, Coforge, Pine Labs and Solar Industries have attracted bullish ratings from…
Metal stock in focus: JSW Steel on Thursday (May 14) reported a more than two-fold jump in quarterly profit before exceptional items and tax, driven by a rebound in steel prices and healthy demand that overtook a rise in costs linked to the Iran war. The BSE 100 company’s revenue for Q4FY26 stood at Rs…
In the current trading session, HCL Technologies Ltd surged to a last traded price of 1169, advancing by 0.86%. Interglobe Aviation Ltd followed, closing at 4876.4, up 0.75%, while Sun Pharmaceutical Industries Ltd advanced to 1814, gaining 0.74%. Wipro Ltd and Asian Paints Ltd also saw gains, closing at 184 and 2764, with changes of…
Equity markets, however, have been the standout performers. The total market capitalisation of listed companies has skyrocketed from Rs 10–11 trillion to about Rs 420 lakh crore (Rs 4.2 quadrillion), reflecting both earnings growth and valuation expansion. The BSE Sensex has climbed from roughly 14,000–15,000 levels to 76,264, delivering a 5.28 times return over the…
Shares of Park Medi World, Nephrocare Health Services, Vishal Mega Mart and Sai Life Sciences are in focus on Wednesday, June 17, as their respective shareholder lock-ins come to an end. Over 100 crore shares worth around ₹20,077 crore will become eligible for trade. It is important to note the lock-in period ending does not…
Shares of General Insurance Corporation of India (GIC) are in focus on Wednesday, June 17, as its offer for sale (OFS) opens for retail investors. This, after the non-retail portion received strong demand on Tuesday, ending with a total subscription figure of 3.72 times in comparison to the total number of shares on offer. The…
