INOX INDIA LISTING
Inox Wind shares zoom over 10%, co to turn debt free after Rs 900 crore infusion
Inox Wind shares rose 10.5% to Rs 157.25 on BSE after a Rs 900 crore infusion from its promoter on May 28, 2024, involving marquee investors. Now net debt-free with 284% share growth in a year. CEO Kailash Tarachandani envisions reduced interest expenses, strong order book, and a 2.5 GW capacity from four plants, subsidiary Inox Green Energy.
Inox Green Energy to raise upto Rs 1,000 crore through preferential allotment, warrants
Inox Green Energy Services, which provides operation and maintenance (O&M) services to wind power operators, plans to raise Rs 800-1,000 crore through a combination of preferential allotment and warrant issuance to fund future acquisitions, according to multiple sources familiar with the matter.
Turnaround stocks: 10 companies that returned to profit in Q4
According to Ace Equity data, Piramal Pharma, Inox Wind Energy, BHEL, Sunteck Realty, Tejas Networks, and others turned profitable in Q4FY24
18 companies turned profitable in Q4 after 3 straight quarterly losses. Worth buying?
18 companies including BHEL, Centrum Capital, Inox Wind, Piramal Pharma, SAMHI Hotels, and Sterling and Wilson turned profitable in Q4 after consecutive losses. Sagar Cements reported a profit of Rs 11.59 crore. Inox Wind Energy recorded a profit of Rs 38.8 crore. Analysts expect India Inc earnings to grow by 12% for FY25.
Paytm, Inox Wind among 736 BSE-listed stocks that hit lower circuit
The market capitalisation of the BSE listed companies fell by Rs 30 lakh crore with 694 stocks hitting lower circuits and 292 crashing to 52-week lows on the BSE.
Vedanta, SBI among 14 stocks in focus this week for dividend, stock split, bonus issues
SBI announced a dividend of Rs 13.70/share. The record date has been set for May 24 for determining the eligible shareholders. Record date for Sula Vineyards’ dividend of Rs 4.50 per share has been fixed as May 22.
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Google Wallet launched in India: Step-by-step guide on how to use it; how it is different from Google Pay explained
Google Wallet: This article is about how to use Google Wallet and how different is it from Google Pay. As per Google, this wallet can be used for various utility functions like storing Air India, Indigo Airlines flight boarding pass, PVR and INOX cinema tickets. Read here to know more.
Election, Q4 earnings, and FII flows among 10 factors that will steer D-Street this week
Over 530 BSE-listed companies will announce their March quarter earnings this week, including DLF, GIC Housing Finance, INOX India, Jindal Steel & Power, Varun Beverages, Zomato, Bharti Airtel, Bharti Hexacom and Colgate-Palmolive (India).
These midcap stocks with ‘Strong buy’ & ‘Buy’ recos can rally over 25%, according to analysts
The Q4 earning season is clearly showing its impact on parts of the market. Given the fact that the valuations are high, if there is a slight miss by the company on its expected numbers, the street is being uncharitable in its reaction. On the face of it this might appear to be negative but the fact is that the street is also rewarding the stocks where there is either a positive surprise in Q4 earnings or any of the problems are getting solved. Like in the case of some companies which are seeing the lifting of restrictions by the RBI. So the street is at equilibrium level where it clearly shows that while there is no dearth of money for performers but at the same time if the valuations are high and there is no major positive surprise then it is probably time to shed some weight. Keep an eye on the market breadth in coming days and on the mutual fund numbers which are going to come today to figure out what will be the trend of mid-caps in the short term. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". This predefined screener is only available to ET Prime users.
F&O stocks to buy today: Escorts, Eicher among top 8 trading ideas for April 22, 2024
F&O stocks to buy today: Indian market poised for higher trade. Nifty shows bullish sentiment with support at 22000, 21900 levels. Experts recommend buying PVR Inox, Escorts, Bajaj Finance, SBI Cards, Eicher Motors, Crompton Greaves Consumer for short-term trading.
F&O stocks to buy or sell today: Escorts, BHEL among top 6 trading ideas for 19 April 2024
The Nifty future closed negative with losses of 0.54% at 22,080 levels on Thursday. India VIX was up by 2.08% from 12.62 to 12.88 levels.
Hot Stocks: Brokerages on Entero, CreditAccess, Bharti Hexacom, Interglobe and PVR
Brokerages initiate coverage and recommendations on Entero Healthcare, CreditAccess, Bharti Hexacom. Indigo Aviation downgraded by Axis Capital and Investec. CLSA retains buy on PVR Inox, emphasizing multiplexes as popular outdoor entertainment with growth plans in South India.
$17.7 billion worth of shares to enter market in next 3 months as IPO lock-in expires for 66 cos
The value pertains to the total lock-up opening shares and it is important to note that not all of these shares will come for sale as a sizable portion of these shares are also held by promoters and groups.
Companies flock to public markets as IPO fundraising jumps 19% to nearly Rs 62,000 cr in FY24
While FY24 saw firms from varied sectors tapping the IPO market, BFSI had a limited presence, with just Rs 9,655 crore being raised by companies from this sector. This accounts for about 18% of the total IPO fundraising, compared with 51% in FY23.
Stock picks of the week: 4 stocks with consistent score improvement and upside potential of up to 27%
After the recent hit, there has been a bounce back in Nifty and sensex. Along with them there has also been an improvement in the market breadth But not enough to say that bears have once again have been beaten. At this point of time, one cannot rule out more profit booking which might emerge from global factors. The probability that the damage to stock prices in the mid-cap segment is still higher cannot be ruled out. In such times, if one is taking fresh exposure to equity, ensure that there is some level of quality as far as the business and fundamentals are concerned. These selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.
F&O stocks to buy today: Tata Steel, Trent among top 9 trading ideas for 11 March 2024
Positive setup was seen in stocks like Tata Chemicals, Tata Power, Tata Steel, OFSS, Glenmark, HAL, Tata Consumer, Bajaj Auto, Indian Hotels, Trent, BEL, Tata Motors, Zydus Life and SRF.
Shares worth $21 billion to enter market in 4 months as IPO lock-in period expires for 66 companies
66 companies are set to see the lock-in period for pre-listing shareholders lifted between March 4 and June 29. This amounts to $21.1 billion in value terms. The value pertains to the total lock-up opening shares, but not all the shares may be sold, as a sizable portion is also held by promoters and group entities
F&O Ban List: Canara Bank, SAIL among 5 stocks under trade ban on Tuesday
Ashok Leyland, Biocon, GMR Airports Infrastructure, Gujarat Narmada Valley Fertilizers and Chemicals (GNFC), Hindustan Copper, Piramal Enterprises, PVR Inox, RBL Bank have moved out of the ban.
F&O Ban List: Ashok Leyland, PVR Inox among 13 stocks under trade ban on Monday
The Future & Options contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market wide positions limits or MWPL. The ban on it is reversed only if the open interest falls below 80%.
Faith Unabated! Over 100 stocks that retail bulls bet on for 3 quarters turned multibaggers
Interestingly, several public sector companies have found them in this list and these stocks have more than doubled retail investors’ money in the last 10 months.
F&O Ban List: RBL Bank among 11 stocks under trade ban on Saturday. PVR, Metropolis make exit
The F&O contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market-wide positions limits or MWPL. The ban on it is reversed only if the open interest falls below 80%. Traders who trade in indices do not encounter a situation of security ban.
F&O Ban List: Ashok Leyland, Polycab among 15 stocks under trade ban on Wednesday
The F&O contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market wide positions limits or MWPL. The ban on it is reversed only if the open interest falls below 80%.
F&O Ban List: PVR Inox, Zee among 13 stocks under trade ban on Thursday
Thirteen stocks, including Balrampur Chini, Bandhan Bank, Chambal Fertilizers, Escorts Kubota, Hindustan Copper, Indian Energy Exchange (IEX), The India Cements, Indus Towers, National Aluminium Company, Piramal Enterprises, PVR Inox, and Steel Authority of India (SAIL), were under the F&O ban list. Zee Entertainment Enterprises (ZEEL) is back on the ban list, while Delta Corp and Gujarat Narmada Valley Fertilizers (GNFC) have moved out.
INOX India shares list below expectations. Should you buy, hold or book profits?
Given the sudden reversal in secondary market environment and profit booking sentiments due to Covid news, INOX India listed below street expectation despite strong subscription demand of a huge subscription of 61.28x.
Inox India shares list at 44% premium over IPO price
The IPO of Inox India was subscribed 61 times at close, driven by strong interest from qualified institutional buyers. The category reserved for retail investors was subscribed 14.82 times, while the NII portion garnered bids of 52.97 times. The category reserved for the QIB category was subscribed by a massive 147.8 times.
Inox India GMP: What to expect from listing on Thursday
The IPO of Inox India was subscribed 61 times at close, driven by strong interest from qualified institutional buyers. The category reserved for retail investors was subscribed 14.82 times, while the NII portion garnered bids of 52.97 times. The category reserved for the QIBs was subscribed by a massive 147.8 times.
Inox India IPO: Listing expected on Thursday. What GMP signals ahead of debut
However, it is important to note that grey market premiums are just an indicator as to how the company's shares are stacked up in the unlisted market and are subject to change rapidly.
Inox India IPO subscribed 61 times at close on robust institutional bidding
The category reserved for retail investors was subscribed 14.82 times, while the NII portion garnered bids of 52.97 times. The category reserved for the QIB category was subscribed just 9.56 times.
Inox India IPO opens for subscription. Should you apply?
Inox India IPO is completely an offer for sale (OFS) of 2.21 crore shares with a face value of Rs 2 each. There is no fresh issue segment in the IPO. The company has fixed a price band of Rs 627-660, where investors can bid for a minimum of 22 shares in one lot. Under the OFS, Siddharth Jain, Pavan Kumar Jain, Nayantara Jain, Ishita Jain, Manju Jain, and Lata Rungta among others will offload shares.
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