MANYAVAR SHARE PRICE

​Indian shares closed flat on Tuesday ahead of the Fed's policy decision and consumer price inflation data on Wednesday. ​

It might be the case but looking at the update that most gold and jewellery companies have given including the likes of Titan and Kalyan, I think the numbers still seem to be sustaining, at least as far as Quarter one or the first half is concerned.

The promoters of Vedant Fashions, owner of ethnic wear brand Manyavar, are selling up to 9.88% stake or 2.40 crore company shares through an OFS. Retail investors can bid for the OFS on Friday, May 19, above the indicative price of ₹1,206.35. Shares...

The base issue comprises up to 1.70 crore shares of the company representing 7% of the total equity, with a green shoe option of 69.88 crore shares representing 2.88% stake.

Raymond has seen a strong recovery post Covid. It also entered the real estate business using its land parcel in Thane and has started other joint development projects in Mumbai. These projects have a net positive cash flow thanks to land ownership ...

So you need to focus on companies which are in verticals where there is a lesser chance of spending cuts. It could be automobiles, design led, technology stocks and I think that is where the opportunities are in the IT sector.

“Gland Pharma which after the results, showed 15% decline in one single day. But I think that was more to do with some sentiments on Chinese promoters or something of that kind. Nobody knows the actual reason. In fact, the company has shown a quarte...

Punchy valuations drive our downgrade to sell, said Kotak Institutional Equities, which has a target of Rs 1,075 for the stock from Rs 1,000 earlier. This is even as the brokerage has raised its FY2023-25E EPS estimates by 5-10 per cent on account o...

“My sense is these guys have very high gross margins of around 75% and EBITDA margins of 40%. One just needs to have a handle on growth and going into the near future and even the distant future, a lot of terminal value is still sitting because 75% ...

“Quite a few sectors are impacted by input price pressures and obviously the demand is not picking up. We are short term in those sectors: autos is the obvious one, then consumer durables is another one, paints is another one so these are the few th...

Vedant Fashions IPO was open for subscription between February 4-8. The company had sold its shares in the price band of Rs 824-866 apiece.

Shares of Vedant Fashions scaled an intraday high of Rs 975.30 on BSE, extending the total gains to 13 per cent over the issue price.

In the grey market, Vedant Fashions is commanding a premium of Rs 20 over its issue price, which is merely 2 per cent higher than its issue price of Rs 866 apiece.

Based on the upper end of the IPO price band of Rs 866 a share, the company's market cap stands at around Rs 21,000 crore.

Vedant Fashions is selling shares in the range of Rs 824-866 apiece in the IPO, which is open till Tuesday, February 8.

Government of Singapore, Monetary Authority of Singapore, Fidelity, Nomura, Abu Dhabi Investment Authority, Morgan Stanley Asia (Singapore) Pte, BNP Paribas Arbitrage and Societe Generale are among the anchor investors.

Investors can bid for a minimum of 17 equity shares and in multiple of 17 thereof. The IPO can be subscribed till February 8, Tuesday.

Premium merchandise that was visible only on catwalks and bridal scenes a few years ago is becoming mainstream and is being worn daily.

The valuation of Vedant at Rs 4,000-4,500 crore is almost at par with that of Fabindia when it sold a stake to Infosys co-founder Nandan Nilekani last year.