Author: Tanya Mishra

Lamosaic India Limited is preparing for its initial public offering (IPO), looking to raise ₹61.20 crore by issuing 30.6 lakh shares at a fixed price of ₹200 each. The subscription window will open on November 21, 2024, and close on November 26, 2024. Share allotments are expected to be finalized by November 27, 2024, and the shares will be credited to investors’ Demat accounts by November 28, 2024. The listing date is scheduled for November 29, 2024, on the NSE SME platform. Investment Details For retail investors, the minimum application involves 600 shares, equating to an investment of Rs 120,000.…

The global cryptocurrency market value surpassed $3 trillion for the first time on the back of th e optimism that Donald Trump’s return to the US presidency could lead to a friendlier regulatory environment for digital assets. The total market capitalization for cryptocurrencies peaked at nearly $3.2 trillion in early Asian trading on Thursday, November 14, according to data aggregator CoinGecko. Bitcoin, which dominates the market, surged to a record $93,480 outpaced the sector’s previous highs from the pandemic-fueled boom in 2021. “Typically, Bitcoin leads, and then other altcoins follow,” Matthew Dibb, Chief Investment Officer at Astronaut Capital was quoted…

Food delivery company Zomato and Reliance Industries Ltd-owned Jio Financial Services have emerged as leading candidates for potential inclusion in the Nifty 50 index during its March 2025 rebalancing, according to domestic brokerage JM Financial. The potential addition follows their recent addition to the National Stock Exchange’s (NSE) futures and options (F&O) segment. JM Financial pointed out that the entry of the two stocks into the F&O segment positions them for possible inclusion in the Nifty 50, a benchmark change that could attract significant passive inflows. The inclusion of Zomato is projected to generate passive inflows of approximately $607 million,…

The National Stock Exchange (NSE) said on November 13 that futures and options (F&O) contracts on 45 additional stocks will be available for trading starting from November 29. The expanded list includes notable companies like government-owned insurer Life Insurance Corporation (LIC), financial services company Jio Financial Services, energy firms Adani Energy Solutions and Adani Green Energy, beauty and fashion retailer Nykaa, fintech company Paytm, private lender YES Bank, and food delivery company Zomato, among others. According to the NSE’s circular, the inclusion of these stocks meets the Securities and Exchange Board of India’s (SEBI) stock selection criteria as outlined in…

The NSE Nifty 50 has plunged into correction territory, with the index dropping over 10 percent from its all-time high of 26,277.35 set in September. The market downturn was triggered by a combination of factors, including a strengthening US dollar following the re-election of President Donald Trump and concerns about the high valuations in Indian equities, which led foreign investors to pull back, as per a report by MoneyControl. The Nifty dropped 374 points to an intraday low of 23,509.6 with a decline of 1.6% from the previous session. It ended the day with a loss of 1.4% at 23,559.05.…

Shares of Swiggy made a strong debut on Wednesday, November 13, and listed at a premium of nearly 8%. The stock opened at Rs 420 on the NSE, up 7.69%, and Rs 412 on the BSE, with a 5.6% premium over its initial public offering (IPO) price of Rs 390. The stock continued its upward trajectory post-listing and surged 15% to hit an intraday high of Rs 449 per share on the BSE. Swiggy’s market capitalisation crossed the Rs 1 lakh crore mark at its peak during the session. In comparison, its key rival Zomato’s market capitalization stood at Rs…

Shares of Hyundai Motor India Ltd (HMIL) dropped 5% to a new low of Rs 1,713.25 on Wednesday amid heavy trading volumes after the company reported a 15.5% year-on-year (YoY) decline in net profit to Rs 137.55 crore for Q2FY25. Revenue from operations fell 7.5% YoY to Rs 17,260 crore, down from Rs 18,660 crore in the same quarter last year, while EBITDA margin narrowed slightly to 12.78% from 13.08%, reflecting tighter margins amidst a challenging operating environment. By 12:25 pm, HMIL shares were trading 4,2% lower at Rs 1,728.10. In comparison, the BSE Sensex fell 0.82%. The stock is…

Omnichannel cosmetics and fashion platform Nykaa reported a 72% year-on-year rise in its net profit to Rs 10 crore for the July-September quarter on the back of strong revenue growth across its beauty and fashion segments. However, the profit fell significantly short of market expectations as analysts polled by Refinitiv’s IBES had forecasted a net profit of Rs 28.7 crore. On the other hand, revenue from operations surged 24% to Rs 1,875 crore on the back of a similar rise in gross merchandise value (GMV) to Rs 3,652.5 crore, Nykaa said in its exchange filing. At the same time, the…

Shares of Jubilant FoodWorks Ltd, the operator of Domino’s Pizza in India, rallied nearly 9% on Tuesday after it reported an impressive financial performance for the quarter ended September 2024. Jubilant’s stock climbed as high as 9% to Rs 655.95 on the BSE but closed the day with a gain of 6.06% at Rs 638.50 apiece. Decline in Net Profit Jubilant FoodWorks reported a 31.55% decline in consolidated net profit to Rs 66.53 crore for the July-September quarter from Rs 97.2 crore in the same period a year ago. The company attributed part of the profit dip to the recent…

HG Infra Engineering shares dropped 8% to Rs 1,180 in early trade on November 12 after the company reported a disappointing Q2 earnings report. By around 9:50 am, HG Infra shares were trading with over 8% decline at Rs 1,180.40 on the BSE. The stock has faced considerable pressure recently as it slipped more than 16% over the past month. However, on a six-month basis, the stock is up 2.86%. The company, on Monday, reported a 16% year-on-year decline in net profit to Rs 80.7 crore, down from Rs 96.1 crore in the same period last year, according to the…