
Paytm’s parent company One97 Communications makes debut in stock market
One 97 Communications, Paytm's parent company, marked a disheartened start on the stock market, with shares trading at a discount to their initial public offering price.
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One 97 Communications, Paytm's parent company, marked a disheartened start on the stock market, with shares trading at a discount to their initial public offering price.
The NSE has placed the derivative contracts in the stocks under the ban period since they have crossed 95% of the MWPL.
Nykaa's first public offering (IPO) raised 53.5 billion rupees ($722 million) at the top end of an advertised range.
The T +1 settlement cycle will be implemented in a phased manner and the first list of securities with T +1 settlement cycle will begin from trade date starting from February 25, 2022.
The company's focus continues to expand its renewable and distribution businesses and go green strategy in the present generation business.
Sensex added nearly 5,000 points or 9.4 percent making India the best performing stock market in the world.
National Stock Exchange (NSE) in a circular had announced that it will add ten new individual securities for trading in the F&O segment.
The notice arrived after SEBI, the capital markets regulators averred that certain members are providing a platform to their clients for buying and selling digital gold.
Shree Cements share prices were down by 4% on Tuesday, due to poor operating performance. The company reported an increase of 48.31% in net sales, which stands at Rs 3,449.49 crore in June 2021.
Manufacturing company, Rolex Rings debuted at Rs.1,250 on NSE and Rs. 1,252 per share on BSE. The stocks which were priced at Rs 900 saw an increase of 33%.
Last week Nifty had crossed the 16k mark, despite COVID-19 restrictions and lockdown. The prediction comes in the wake of China’s regulation on cryptocurrencies, which may affect Indian stock prices.
The stocks which were priced at Rs 900, are expected to list a 45-50 per cent premium over the final issue price. The initial public offering which was held in July was subscribed over 130.44 times.
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.
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.
As suggested by experts, risk-takers can consider its holding for a long way while conservative allotted investors should look to book healthy profits on listing day.
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