investors | Business Upturn

Gold prices dip amid Trump Iran deadline caution

Rashmi Pandey — Tue, 07 Apr 2026 08:25:28 +0000

Gold prices edged lower in global markets as investors adopted a cautious stance ahead of a key deadline set by US President Donald Trump regarding Iran, reflecting shifting sentiment in safe-haven demand amid geopolitical uncertainty.

Spot gold recorded a modest decline, hovering near recent levels after a brief rally, as traders balanced escalating tensions in the Middle East with expectations of a potential short-term de-escalation. Market data from open sources indicate that bullion slipped slightly while US gold futures also moved lower, highlighting subdued investor appetite for traditional safe-haven assets.

Analysts attribute the dip in gold prices to a combination of profit booking and evolving expectations around geopolitical outcomes. While gold typically benefits from heightened uncertainty, current market positioning suggests that investors are increasingly factoring in the possibility of a negotiated or delayed escalation in the US-Iran standoff.

Geopolitical pressure and market dynamics

The decline comes as Washington intensifies pressure on Tehran to reopen the Strait of Hormuz, a critical route for global energy shipments. The US has warned of potential consequences, including military action targeting infrastructure, if the deadline is not met.

Iran, however, has rejected ceasefire proposals and continues to push for a broader settlement framework, prolonging uncertainty in global markets. The ongoing standoff has already disrupted shipping flows and contributed to volatility across commodities, particularly oil and gas.

Despite these tensions, gold has not seen a sustained rally. Market participants note that expectations of prolonged higher interest rates in the United States are limiting bullion’s upside. Higher interest rates increase the opportunity cost of holding non-yielding assets such as gold, thereby dampening demand.

Diverging market signals

The current movement in gold prices reflects a broader divergence across financial markets:

Safe-Haven Cooling: Investors are reducing exposure to gold amid hopes of temporary de-escalation
Energy Market Strength: Oil prices remain elevated above $110 per barrel due to supply concerns linked to the crisis
Currency and Rate Impact: A stronger US dollar and expectations of sustained tight monetary policy are weighing on bullion demand

At the same time, global markets remain highly sensitive to developments in the Middle East. The ongoing conflict has already contributed to increased volatility across equities, commodities, and currency markets, with investors closely monitoring geopolitical signals.

Looking ahead, gold prices are expected to remain volatile as markets await clarity on the US decision regarding Iran. A military escalation could revive demand for safe-haven assets, potentially driving prices higher, while a diplomatic resolution may lead to further downside in bullion.

Analysts emphasize that the current environment is characterized by binary risk, where market direction will be heavily influenced by geopolitical outcomes rather than traditional economic indicators. Until a clear resolution emerges, gold is likely to trade within a narrow range, reflecting cautious investor positioning and uncertainty over the trajectory of the conflict.

Netweb Technologies India Ltd raises Rs 189 crore from anchor investors ahead of IPO

Viditha Ganji — Fri, 14 Jul 2023 16:01:51 +0000

Netweb Technologies India Ltd, a Delhi-NCR-based high-end computing solutions (HCS) provider, has successfully raised Rs 189.015 crore from anchor investors as it prepares for its upcoming initial public offering (IPO). The company, known for its fully integrated design and manufacturing capabilities, allocated 37,80,300 shares at Rs. 500 per share, including a share premium of Rs. 498 per share, to anchor investors on Friday, July 14, 2023. This significant pre-IPO funding sets the stage for Netweb Technologies’ public subscription, which is scheduled to open on Monday, July 17, 2023.

Leading foreign investors and domestic institutions participated in the anchor round, showcasing their confidence in Netweb Technologies. Notable participants included Nomura Funds, Goldman Sachs Funds, ICICI Prudential MF & Life Insurance, HDFC MF, WhiteOak MF, and Nippon MF, among others.

Among the total allocation to anchor investors, 22,27,680 equity shares were allocated to 9 domestic mutual funds, representing 19 schemes with an investment amount of Rs 111.384 crore. This accounts for 58.93% of the total anchor book size, further highlighting the interest and support from domestic investors.

Equirus Capital Private Limited and IIFL Securities Limited serve as the book running lead managers for the IPO, while Link Intime India Private Limited has been appointed as the registrar for the issue.

The public offering, with a face value of Rs 2 per equity share, comprises a fresh issue of Rs 206 crore and an offer for sale of 8.5 million equity shares. The offer also includes a reservation for eligible employees to participate in the subscription.

Netweb Technologies plans to open its IPO on Monday, July 17, 2023, and conclude on Wednesday, July 19, 2023. The price band for the IPO has been set between Rs 475 and Rs 500 per equity share, with the upper end of the range expected to generate Rs 631 crore in funding.

With its successful pre-IPO funding and an upcoming public offering, Netweb Technologies is poised to strengthen its position in the market and further expand its high-end computing solutions across the country.

Investors vent anger on Twitter after Reliance Retail approves reduction of share capital

Dixita Hazarika — Sat, 08 Jul 2023 11:28:01 +0000

On Friday, Reliance Retail made an announcement on the reduction of the equity share capital to the extent held by shareholders other than its promoters holding company. However, this didn’t go well with share market investors, and they are now venting out their anger and disappointment against the move on social media.

On Friday, an exchange filing by its parent firm Reliance Industries said, “A consideration of ₹1,362 per share, determined on the basis of valuation obtained from two reputed independent registered valuers, shall be paid towards the capital reduction.”

Soon after the decision, the users of Twitter expressed their disappointment with the move. Many users claimed the company was “looting the retail investors”.

A user named @AMalayaliTrader who described himself as a trader and investor tweeted, “Okay, so my unlisted Reliance Retail shares just lost 60% overnight, new fear unlocked. Is it actually possible to “cancel” can’t we decide not to take part.”

Another user tweeted, “Investing in Unlisted Market without Proper Analysis is too Risky, Once Again Proved Reliance Retail taking Shares back at 1,362 while Unlisted Price was Almost Double from it.”

The Board of Reliance Retail on July 4th, approved the decision. According to the company, the capital reduction plan will make Reliance Retail a 100 per cent subsidiary off Reliance Retail Ventures Limited (RRVL) and help in restructuring the business efficiently.

RRVL, the promoter and the holding company of Reliance Retail, holds 99.91 per cent of the share capital of the company.

NSE warns investors about a person associated with entity “Piramid Solution” and “Wings2Trade” involved in fraudulent practices

Markets Desk — Wed, 05 Apr 2023 10:21:10 +0000

The National Stock Exchange of India (NSE) on Wednesday cautioned investors as a couple of unauthorised entities/individuals tried fooling investors and assuring guaranteed returns in the market.

“It has been brought to the notice of the Exchange that person named “Archana Patel” associated with entity named “Piramid Solution” operating through mobile number “7016252026” is providing assured/guaranteed returns on investment in stock market. The above-mentioned person/entity is also offering to handle trading account of investor by asking investors to share their user ID and password also “Naga Rathnam” associated with entity named “Wings2Trade” operating through mobile number “9063288999” is offering to handle trading account of investor by asking investors to share their user ID and password,” said NSE in a release on Wednesday.

The regulator further added that investors are cautioned and advised not to subscribe to any such scheme/ product offered by any person/entity offering indicative/assured/guaranteed returns in the stock market as the same is prohibited by law. Further, investors are advised not to share their trading credentials such as user id/ password with anyone. It may also be noted that the said person/entity is not registered either as a member or authorized person of any registered member of the National Stock Exchange of India Limited.

Moody’s allocate Baa2 rating to Reliance Industries Ltd bonds issue

Malvika Choudhary — Tue, 04 Jan 2022 06:42:17 +0000

Moody’s Investors Service on Monday assigned a Baa2 rating to the proffered USD-denominated senior unsecured bonds to be issued by Reliance Industries Limited (RIL) with a sturdy perspective.

Reliance last week announced that it aims to raise around USD 5 billion in foreign currency-denominated bonds and use the proceeds to relinquish existing borrowings. Moody’s Investors Service supply investors with credit ratings, risk analysis, and research for stocks, bonds, and government entities.

Moody’s Analytics develops software and tools that help capital markets with risk management, credit analysis, and economic research.

“RIL’s Baa2 ratings reflect the company’s large scale and dominant market position across its diverse businesses, its management’s strong execution track record and our expectation that its credit metrics will remain strongly positioned for its Baa2 rating, despite its planned investments in clean energy and other business segments,” Sweta Patodia, a Moody’s Analyst, said in the rating agency’s press statement.

The companies will share the areas of benefits in the sectors like refining and petrochemicals, digital services, and consumer retail segments. These three segments together generated around Rs 94,400 crore (USD 12.6 billion) or 86 per cent of RIL’s consolidated EBITDA for the 12 months ended September 30, 2021.

“At the same time, the Baa2 rating incorporates RIL’s exposure to the inherent volatility of refining and petrochemical margins, its single location refinery’s concentration risk and the execution risk from its diversification into consumer businesses. The rating also accommodates Moody’s expectation that RIL will use its financial flexibility to make growth-enhancing investments that will boost its business and geographical diversification”, A report released on Feb 3rd, 2015, by Moody’s investor’s service said.

Despite that, the investor’s company showcased that the RIL’s ratings can be upgraded only if the sovereign rating is upgraded because the company’s ratings are masked. The report later added that the RIL’s credit metrics are extremely strong for its sovereign-constrained rating, and only a very substantial depreciation in the credit metrics could put pressure on its credit.

PM Narendra Modi initiates ‘PM Gatishakti’, aims to enhance the development of national infrastructure

Ayisha Farah — Wed, 13 Oct 2021 08:13:34 +0000

On Wednesday, Prime Minister Narendra Modi will initiate ‘PM GatiShakti’, a national master program for multi-modal connectivity. According to the Prime Minister’s Office (PMO), this project attempts to approach the issue of a lack of coordination amongst numerous agencies by institutionalising holistic planning.

PM Modi will be inaugurating the new exhibition complex (Exhibition Halls 2 to 5) at Pragati Maidan. The India International Trade Fair (IITF), the flagship event of the India Trade Promotion Organisation, will be taken place in these new exhibition halls from 14th November to 27, the PMO noted.

Defining it as a historic event for the nation’s infrastructure aspect, the PMO on Tuesday said that the GatiShakti plan would break departmental silos and institutionalise holistic planning for the stakeholders across significant infrastructure schemes.

It further stated that all departments would have clarity of each other’s outlines through a centralised gateway. The multi-modal connectivity will present combined and seamless connectivity for the mobility of people, goods and services. “On the auspicious occasion of Maha Ashtami, tomorrow, 13th October at 11 AM, the PM GatiShakti – National Master Plan for multi-modal connectivity will be launched. Here are the details about why this initiative is special,” PM Modi tweeted on Tuesday.

On the auspicious occasion of Maha Ashtami, tomorrow, 13th October at 11 AM, the PM GatiShakti – National Master Plan for multi-modal connectivity will be launched. Here are the details about why this initiative is special. https://t.co/KKE07VxfYF

— Narendra Modi (@narendramodi) October 12, 2021

The PMO announced that GatiShakti is based on the six principles of comprehensiveness, prioritisation, optimisation, synchronisation, and analytical and dynamic. It will produce large-scale employment opportunities, cut logistics expenses, enhance supply chains and make local goods ambitious globally.

Remarking that infrastructure production suffered in the nation for decades from complicated issues, including a coordination deficit between various departments, the PMO mentioned the example of newly-constructed roads being dug up by other agencies for activities like laying of underground cables, gas pipelines etc. “This not only caused great inconvenience but was also a wasteful expenditure,” the PMO said, adding that measures have been put in place to improve coordination.

The PMO added that steps had been taken to discuss other issues such as a time-taking approval process, multiplicity of regulatory clearances, etc. It stated that the government had assured unprecedented centre on infrastructure in the last seven years through a holistic outlook.

Rather than proposing and outlining separately in silos, the projects will now be planned and performed with a shared vision and consolidate the infrastructure projects of different ministries and state governments like Bharatmala, Sagarmala and inland waterways, the PMO stated.

According to the PMO, GatiShakti is the aftermath of PM Modi’s relentless effort to develop next-generation infrastructure, enhancing the ease of living and managing a business.

GatiShakti will give the public and the business community information concerning future connectivity projects, other business hubs, industrial areas and the neighbouring environment and permit the investors to prepare their businesses at suitable locations, heading to enhanced synergies, the PMO stated.

Some Biggest Scams of Stock market in history

Shivya Kumar — Fri, 08 Oct 2021 15:46:31 +0000

Throughout the years we have foreseen numerous stock marketing scams and failures that have conjured to put across various notions in an investors mind. But in honestly to think, one can learn from these past dualities facilitate to do much better and work smartly in the area of expertise. So let’s dig deep into these malicious which shall help and guide the shareholders from accounting to same mistakes.

Through formers experiences, the data incorporated acclaims scams to be faceted by companies like the Dutch Tulipmania, the South Sea bubble, the Mississippi Company etc.

The data evaluated states that that scams involving stock perseverance are incorporated through Ponzi schemes of various normative counters or through dictating the losses hidden to the pyramid.

ZZZZ Best

The first incident we are talking about took place in the year 1986. ZZZZ best is a business well established by Barry Minkow accounting to form cumulative services of carpet cleaning. Soon enough his company become the General Motors of carpet cleaning and forged up cultivation of about multi-million dollars. But in honesty, all this was falsified, as he pledged it with anomalies of forgery and theft, further he is said to have accumulated about 20,000 illegal documents and sales charge sheet. Though based by illicit means, yet somehow he conjured a sum of $ 4 million to renovate one of his office buildings in San Diego, while through 1986 the company was estimated to have a capitalisation of about $200 million. Though Minknow was only in his teen years at that time. Later he was sent to jail for about 25 years.

Centennial Technologies

The next one on our list is Enanmuel Pinez who is accounted to be the head of the company Centennial Technology. Though it has been evaluated that his company managed to perceive $2 million by Pc memory cards when in reality they were selling fruit baskets to their consumers. Soon the company stock price was established to rise about 451% to $55.50 per share. But later schemed the actual profits to be about $ 40 million when in actual terms it was around $28 million. Which further lead to investors losing a great number of their shares in the company.

Bre-X Minerals

This Canadian company was founded guilty of Bre-X Minerals was said to be a part of the biggest stock scandals of history. The company was said to have the richest gold mine in Indonesia which is said to be a property made out of gold which is said to be costing around 200 million. Though later in the year 1997 the company mine was accounted to be the false accomplice of the company.

Bernard Madoff

Another one on our list is Nasdaq company whose owner Bernard Madoff was involved in false alarming casualties made by his son, who was from there on arrested for their Ponzi scheming He kept his mutual fund’s misfortunes concealed by paying early financial backers with cash raised from others. This asset reliably recorded an 11% addition consistently for 15 years. The asset’s alleged methodology, which was given as the motivation to these predictable returns, was to utilize exclusive choice collars that are intended to limit instability. This plan hoodwinked financial backers out of $50 billion.

The most noticeably terrible thing about these tricks is that financial backers were bushwhacked. Those sentenced for extortion may serve quite a long while in jail, which costs financial backers/citizens considerably more cash.

Franklin Templeton Mutual Fund to give Rs 2,918.5 crore to unitholders of 6 debt schemes

News Desk — Mon, 30 Aug 2021 10:11:48 +0000

From September 1, according to a note issued by the fund house to mutual fund distributors, Franklin Templeton Mutual Fund will distribute ₹2,918.5 crores to unitholders of six debt mutual fund schemes.₹23,998.84 crores will return to investors with this scheme or 96.18% of the net asset value of the six schemes that were wound up on 23 April 2020.

In line with the direction of the Supreme Court SBI Funds Management Pvt. Ltd is overseeing the liquidation of the schemes and the distribution of their proceeds. A proportionate number of units get extinguished, once the money is paid.

By Franklin Templeton Mutual Fund, the six debt mutual funds were wound up following heavy outflows. The winding-up process was challenged by some investors and looked for a vote on this. The apex court made an official decision that such a vote is required, and accordingly, agreement of unitholders was sought in December 2020 and granted. By the Supreme Court SBI Funds Management Pvt. Ltd was placed to be in charge of the winding-up process.

Penalties on Franklin Templeton Mutual Fund and some of its directors were imposed by The Securities and Exchange Board of India (Sebi) and were not allowed to launch new debt mutual fund schemes for two years.

different levels of repayment have been received from Investors in the six different schemes. Including the upcoming September 2021 payout, Franklin India Low Duration Fund would have received 107.86%. However, would have received 84.43%, in the Fraklin India Short Term Income plan.

Rolex Rings IPO: Shares trade at 50% premium ahead of listing

Aayushi Singh — Sat, 07 Aug 2021 15:25:17 +0000

Rolex Rings shares had continued to witness strong demand from investors in the grey market as it had traded at a healthy 50 per cent premium over their final issue price ahead of the listing in the next week.

The shares of the automotive components manufacturer had been trading at a premium of Rs 450 on the IPO Watch and IPO Central Data which tracked the grey market premium of issues before the listing. It would be equal to the trading price of Rs 1,350, a premium of 50 per cent over the issued price of Rs 900.

On August 9, the Rolex Rings would debut on NSE and BSE, both. Their IPO was subscribed over 130.44 times from July 28 to July 30 and had received a strong response, which was one of the reasons for a strong grey market premium.

The company had raised over Rs 731 from the public offering which had comprised a fresh issue of Rs 56 crore and the offer sale of Rs 675 crore by Rivendell PE LLC. The new net proceeds would be used for working capital requirements.

Hulst B V drops 5.52% equity stakes in Coforge

Aayushi Singh — Wed, 04 Aug 2021 19:07:44 +0000

On August 4, the promoter, Hulst B V, had offloaded 5.52 per cent of the equity stake in the IT solutions organisation, Coforge.

On August 4, in the bulk deals data, it was shown that Hulst B V sold over 33.5 lakh equity shares in Coforge, which represented 5.52 per cent of the total paid-up equity, the shares were sold at Rs 4,738.67 per share on the NSE.

As of June 2021, Hulst Bv has held over 55.73 per cent of the equity stake in the company. In the deal, Nomura India Investment Fund, Mother Fund, was the buyer, which had acquired overb3.5 lakh equity shares in the Coforge at Rs 4,710 per share.

BNP Paribas Arbitrage sold over 31,74,056 equity shares in IndiaBulls Housing Finance which were 0.68 per cent of total paid-up equity, the shares were sold at Rs 280.44 per share on the NSE. As of June 2021, the BNP Paribas Arbitrage held a 3.04 per cent stake in the company which are equal to 1,40, 42,887 equity shares.

Among the others deals, Investor Cobra India (Mauritius) had sold over 3,11,595 equity shares at Rs 86.47 per cent in Lyka Labs on the NSE. The investor Cobra India till June 2021, had over 10,04,659 equity shares in Lyka Labs which had a 3.5 per cent stake.

Zomato IPO: Stock crosses Rs 1,00,000-crore mark on listing day

Nishita Sharma — Fri, 23 Jul 2021 10:13:55 +0000

Zomato, the largest food delivery joint, has debuted in stellar listing with a premium of more than 50 percent on July 23, making it the 13th IPO since 2020 to record listing gains of more than 50 percent in the opening tick.

Earlier in the day, the stock was opened at Rs 116 on the NSE, a 52.63 percent premium to its final offer price of Rs 76. The listing price on the Bombay Stock Exchange was at Rs 115, up 51.32 percent.

Today, at 12.30 pm IST, Zomato had hit an intraday high of Rs 138 that pushed its market capitalization to more than Rs 100,000-crore, making it the 46th stock in the list of 50 most valued counters. The other names that have an m-cap of Rs 100,000 crore-Rs 200,000 crores include IOC, Tata Motors, Shree Cements, Dabur, Tech Mahindra, and Bajaj Auto.

The startup briefly has reached the market cap of some prominent Nifty50 names like IOC and Tata Motors but cooled off towards the mid-morning trade.

Kapil Goenka the Director of CM Goenka Stock Brokers on Zomatao’s IPO stated that “One of the most awaited and much-talked-about initial public offering (IPO) in recent times. At a fantastic market capitalization of over 1 lakh crore, Zomato is backed by Sanjiv Bhikchandani-led Info Edge India Group. The IPO made a fantastic entry, with a bumper listing up by 73 percent.”

The current NSE live is at 125.10 raise 49.10 (64.61%).

Blackstone to invest $250 in Simplilearn to acquire majority stake

Diya S. — Mon, 19 Jul 2021 07:21:49 +0000

According to Moneycontrol, US-based alternative investment management company Blackstone is set to acquire a majority stake in Simplilearn, a company that offers online education as well as post-graduate credits for professionals.

A leading online bootcamp for learning digital skills, Simplilearn is based in San Francisco and Bengaluru. Firms including Kalaari Capital, Helion Venture Capital and Mayfield Fund have invested in the company.

As said by one of the people familiar with the matter to Moneycontrol, “Blackstone will acquire a controlling stake in Simplilearn in a transaction which gives the combined firm an enterprise value of $350 million. An official announcement is expected shortly.”

A second person has told that the investors Kalaari Capital, Helion Ventures and Mayfield will be making a “complete exist” as a part of the agreement. However, the Founder and CEO Krishna Kumar would not quit.

Another individual added that in partnership with Blackstone, which has an enterprise in the field of educational technology (ed-tech), the CEO is aiming to develop the firm as the world’s largest digital skilling company.

Simplilearn responded to an e-mail query from Moneycontrol saying, “As we are one of the leading ed-tech players, there are always investment firms talking to us. However, if we close any transaction, we will definitely talk about it. Right now, we have no comment to share.”

As per the Times of India (TOI), Simplilearn would use these funds to expand into the US and Europe along with forming partnerships with global universities.

SPAC trends on rise in US as Paul Singer, Facebook co-founder and Dell participate

Sanah Shah — Sat, 20 Feb 2021 06:19:47 +0000

Michael Dell, billionaire hedge fund manager and activist investor Paul Singer, Facebook Inc. co-founder Eduardo Saverin and the previous Xerox Corp. chief Ursula Burns have united to join the ‘blank-check’ IPO parade on the same single day.

Singer’s Elliott Management Corp., becoming more tenacious has registered for two new special purpose acquisition companies or SPACs. In total, at least 13 of the blank-check companies filed on Friday 19th February for U.S. initial public offerings, attempting to raise a combined total of more than $4.5 billion.

SPACs have begun to command IPOs this year, amounting to 63% of the approximate $77 billion raised on U.S. exchanges, according to data collected by Bloomberg. Including Friday’s newcomers, 146 SPACs that have filed since 1st January 2021 are waiting for IPOs to add $40 billion to that total, suggests data.

The vehicles, which consist of an IPO and then merge with a private company looking to go public, have multiplied to the extent that serial filers are putting in for two or even three on the same day. On Friday, that included two SPACs supported by Cantor Fitzgerald — it’s seventh and eighth — in addition to Elliott’s double play.

High-profile investors such as Bill Ackman, whose $4 billion listings by Pershing Square Tontine Holdings Ltd. in July is positioned as the biggest-ever SPAC, have inspired a group of followers. This month, financier Michael Klein added $1.68 billion with two additions — his sixth and seventh — to his blank-check collection. The next day, Vinod Khosla’s namesake venture capital firm won over Klein on the deal count, with three SPACs pricing on one day to raise a total of $1.2 billion.

Lastly, there are SPACs promoted by celebrities and politicians, ranging from former National Football League quarterback Colin Kaepernick and retired New York Yankees player Alex Rodriguez to former House Speaker Paul Ryan and former Commerce Secretary Wilbur Ross.

Home First Finance Company’s IPO received bids for 1.62 crore lakh

Sarthak Yadav — Thu, 21 Jan 2021 13:21:37 +0000

The initial public offer of Home First Finance Company India was fully subscribed today, which was the first day of bidding. The Rs 1,153 crore-initial public offering (IPO) of mortgage lender Home First Finance Company India Limited has been subscribed 79% so far.

The affordable housing finance company’s public issue received bids for 1.62 crore lakh equity shares against an offer size of more than 1.56 crore shares, data available on the exchanges showed.

The company already raised Rs 346 crore from anchor investors on January 20 and the issue size has been reduced to 1.56 crore shares (or Rs 880 crore) after fund-raising from the anchor book.

The portion reserved for retail investors has been subscribed 1.29 times and that of non-institutional investors 12.7%, while qualified institutional buyers’ portion set aside was subscribed 1.28 times.

The public issue comprises a fresh issue of Rs 265 crore and an offer for sale of Rs 888.71 crore by promoters True North Fund V LLP and Aether (Mauritius), investor Bessemer India Capital Holdings II Ltd, and two individual shareholders-PS Jayakumar and Manoj Viswanathan.

This is the third public offering of 2021, after IRFC and Indigo Paints.

As reported by Moneycontrol Jyoti Roy, DVP- Equity Strategist at Angel Broking, said, “At the higher end of the price band, the stock would be trading at P/BV of 3.6x fully diluted post issue book value of Rs 143.4 per share. We expect the company to post strong growth driven by strong demand for affordable housing. Given the growth prospects, we recommend a subscribe rating on the issue.”

Home First Finance has set a price band of Rs 517-518 per equity share, with a face value of Rs 2 each. The issue closes on January 25. Investors can bid in lots of 28 shares and multiples thereof. After the issue, Home First Finance’s implied market capitalisation could rise between Rs 4,518 crore and Rs 4,527 crore.

Incorporated on February 3, 2010, Home First Finance is an affordable housing finance company that targets first time home buyers in low- and mid-income groups. It primarily offers customers housing loans for the purchase or construction of homes, which comprised 92.1% of gross loan assets, as of September 30, 2020. Gross loan assets have grown at a CAGR of 63.4% between FY18-20 and increased to Rs 3,730.01 crore as of September 30, 2020.

Its net worth stood at Rs 988.2 crore as of 1H FY21. Home First Finance has a network of 70 branches covering over 60 districts in 11 states and a union territory in India, with a significant presence in the states of Gujarat, Maharashtra, Karnataka and Tamil Nadu.

ICICI bank shares boom as FPI raise stakes in quarter end December

Sarthak Yadav — Wed, 20 Jan 2021 08:36:04 +0000

As foreign portfolio investors (FPI) shareholding increased in the quarter end December 2020, ICICI bank share price added over a percent intraday today.

In the December 2020 quarter end foreign portfolio investors (FPIs) shareholding increased to 47.43% from 45.66% in September 2020. Whereas, Mutual Funds (MFs) reduced its stake in the bank to 26.35% from 27.07%.

LIC lowered its stake to 8.4% from 8.87%.

On January 30, 2021 the board of directors of the company will hold a meeting to consider and approve the unaudited financial results for the quarter and nine months ending December 31, 2020.

As on 13:04 ICICI bank was quoting Rs. 550.80, up Rs 4.70 at BSE.

The share touched its 52-week high Rs 561 and 52-week low Rs 269 on 13 January, 2021 and 24 March, 2020, respectively.

Currently, it is trading 1.2% below its 52-week high and 106.04% above its 52-week low.

Wipro completes its Rs 9,500 crore share buyback programme

Sarthak Yadav — Sun, 17 Jan 2021 09:59:07 +0000

Wipro, the IT giant, announced on Saturday that it has completed the ₹9,500-crore share buyback programme. The programme was initiated on December 29, 2020 and closed on January 11, 2021.

The buyback resulted in Wipro founder chairman and the Czar of Indian IT industry Azim Premji Entities tendering 22.89 crore shares worth about Rs 9,156 crore during the process, a regulatory filing reported.

The report further declared, “(A total of) 23.75 crore equity shares were bought back under the buyback at a price of Rs 400 per equity share…The total amount utilized in the buyback is Rs 9,500 crore.”

As reported by Moneycontrol, Azim Premji Trust tendered 19.87 crore shares, Mr Azim Hasham Premji Partner Representing Hasham Traders tendered 1 crore shares and Azim Premji Philanthropic Initiatives tendered 51.82 lakh shares, the filing said. Mr Azim Hasham Premji Partner Representing Zash Traders and Mr Azim Hasham Premji Partner Representing Prazim Traders tendered 75 lakh shares each, it added.

The current status of the enterprise post buyback is that the promoters hold 73.04% stake in the company, while the remaining 26.96 percent stake is held by foreign investors, financial institutions and others.

Wipro reported 21% rise in consolidated net profit at ₹2,968 crore for the quarter ending 31 December, 2020, It was ₹2,456 crore in the year-ago period. Total revenue rose marginally to ₹15,670 crore in Q3FY21. Wipro expects a sequential growth of 1.5% to 3.5%. The interim dividend declared by Wipro was Rs.1 per share.

Earlier in January, Tata Consultancy Services (TCS), Wipro’s biggest competitor also completed ₹16,000-crore buyback offer, under which over 5.33 crore equity shares were bought back at a price of ₹3,000 apiece.

Bitcoin reaches $20000 for first time, gained more than 170% in a year

Sarthak Yadav — Wed, 16 Dec 2020 16:25:15 +0000

Today, Bitcoin reached $20,000 for the first time, highest ever. The cryptocurrency jumped 4.5% to reach $20,440. It has gained more than 170% this year.

The demand from larger investors attracted to its potential for quick gains, purported resistance to inflation and expectations it will become a mainstream payment method

Today, it was up 1.8% at $19,780, just below from its all-time high of $19,918 hit this month.

The price surge has put bitcoin in an attractive bet for investors willing to take riskier positions as they hunt for yield in a record low interest rate environment.

Bitcoin was worth less than $1 back in 2010 when it was positioned as currency for purchases, it is now amassing proponents who argue that its strictly controlled supply and wider investor base show it’s become a store of value.

However, some investors argue that, this year’s 175% rally is a bubble that can’t be supported by claims and digital assets should diversify portfolios and take flows from gold.

A survey conducted between December 4 and December 10 by Bank Of America Corp. revealed that Bitcoin is the third-most crowded trade behind being long technology shares and shorting the US dollar.

Guggenheim Partners LLC, recently said it might invest up to 10% of its $5.3 billion Macro Opportunities Fund in a Bitcoin trust. Meanwhile, some prominent investors, including Paul Tudor Jones, have also joined the tribe, citing potential inflation as a reason to own crypto even though consumer prices remain subdued.

RIL stocks slip down 2% as investors’ focus turns to earnings

Sarthak Yadav — Fri, 20 Nov 2020 08:29:35 +0000

As of 10.32 am, Reliance Industries Limited (RIL) traded at Rs 1,934 on BSE down by 2% from its previous closing. RIL’s scrip is trading lower for the fourth consecutive session. In intraday, the scrip fell as much as 2.95% to hit a low of Rs 1,915 a share.

On Friday, the company said it completed a fundraising programme by selling 10% stake in Reliance Retail Venture after which the shares of Reliance Industries Ltd fell 3% as investor focus turned to its earnings.

The company on Thursday informed exchanges that it has for time being completed inducting partners and raising funds for Reliance Retail Ventures. It got Rs 47,265 crore from financial partners and allotted a 10.09% stake to them.

Brokerage firm Macquarie Research on November 2 issued an underperform rating to RIL’s scrip with a price target of Rs 1,195, giving it a downside potential of 42%.

RIL in its second-quarter earnings reported a 15% decline in its net profit amid sharp fall in refining margin, weak retail and Jio operations.

Retail business margin improved sequentially to 4.9% from 3.4% but lower at 5.6% year-on-year due to a decline in revenues for the fashion and lifestyle, and consumer electronic segments. Further, petrochemicals margins improved quarter on quarter to 20.1% from 17.6% while volume also grew 9% at 9.7 mmt.

EBITDA (earnings before interest, taxes, depreciation, and amortization) at refinery business dipped to $3.7/bbl from $4.3/bbl. Its gross refining margin fell to $5.7 per barrel, a level it hasn’t seen since 2009.

Top 5 Stock Market Investment Bankers of India

Ruchit Purohit — Sun, 19 Jul 2020 15:06:14 +0000

Top 5 investors or traders of Share Market in India

Stock Market trading involves buying and sharing of shares of listed companies in NSE and BSE. People invest in stock markets dreaming to achieve more than they invest in the markets but only a few reach heights because profit and loss are both part of investments in the markets.

The Top 5 investors or traders in the Indian stock markets have left a prominent image by reaching heights and touching skies.

The Top 5 successful and big Stock Market Investors:

Rakesh Jhunjhunwala
Ramesh Damani
Nemish Shah
Motilal Oswal
Radhakishan Damani

1) Rakesh Jhunjhunwala

Rakesh Jhunjhunwala (born 5 July 1960) is an Indian billionaire, investor, trader, and chartered accountant. He manages his own portfolio as a partner in his asset management firm, Rare Enterprises. He is the 48th richest person in India, with a net worth of $2.2 billion (as of 5 July 2020) – Wikipedia.

2)Ramesh Damani

Ramesh Damani is an Indian businessman who is expert in the field of the stock market. He is the owner and director of Ramesh S Damani Finance Pvt Ltd, Mumbai. He serves as a chairman of Mumbai based super market company called Avenue Supermarts Ltd and also holds membership in BST ltd, A capital market company in Mumbai which active for more than 100 years.

3)Radhakishan Damani

Radhakishan S. Damani is an Indian billionaire investor, trader and a businessman. He is also the founder of D-Mart. As of February 2020, He is the second richest person in India. He also manages his portfolio through his Investment firm, Bright Star Investments Limited. 1,400 crores USD (2020) is his Net Worth as updated in the year 2020.

4)Nemish Shah

Nemish Shah is rated as one of the top 10 retail investors in India. He has a net worth of approximately 152 million USD. He is a leading investment banker, investor, venture capitalist and capital market expert and is well known in India’s investment circle and his investment views are highly regarded.

5)Motilal Oswal

Motilal Oswal is an Indian businessman,Born in Jain family of rajasthan. He is the chairman and managing director of Motilal Oswal Financial Services Ltd (MOFSL) which he co-founded with Raamdeo Agrawal in 1987. He is awarded by the “Rashtriya Samman Patra” by the Government of India for being amongst the highest Income Tax payers in the country for a period of 5 years from FY95–FY99.

Note: The above mentioned personalities are not mentioned as per their rankings or net worth holdings and also the source data is completely referred as per the latest data on Wikipedia.