Author: Market News Desk

Angel One Ltd, one of India’s leading stock broking firms, has announced an interim dividend of ₹11.00 per share, to be paid on January 21, 2025. Angel One Ltd, a leading stock broking and financial services company based in India, has announced an interim dividend of ₹11.00 per share for its shareholders. The dividend will be paid on January 21, 2025. Angel One Ltd, previously known as Angel Broking, is one of the largest retail stock broking firms in India, offering a range of services including equities, commodities, and derivatives trading. The company also provides research and investment advisory services,…

Anand Rathi recommends subscribing to Denta Water and Infra Solutions Ltd’s IPO for long-term gains, citing strong growth potential and a favorable valuation. The company specializes in water engineering and infrastructure projects across India, with significant involvement in government water management initiatives. Anand Rathi, a leading research firm, has recommended subscribing to the IPO of Denta Water and Infra Solutions Ltd., emphasizing its strong growth potential and long-term investment opportunities. In its latest research report, the firm assigns a “Subscribe-Long Term” rating to the IPO, which opens for subscription on January 22, 2025. Established in 2016, Denta Water and Infra…

Stallion India Fluorochemicals IPO allotment finalized today, with shares expected to list on January 23, 2025. Grey market premium indicates strong debut. Stallion India Fluorochemicals Ltd, a leading supplier of refrigerants and fluorochemical products, has seen an exceptional response to its initial public offering (IPO), which opened for subscription from January 16 to 20, 2025. The IPO’s allotment has now been finalized, and the company’s shares are scheduled for listing on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on January 23, 2025. Stallion India Fluorochemicals, known for its role in providing a range of refrigerants, plays an…

Zomato reports a significant increase in revenue, but a drop in net profit for Q3FY25. The company’s quick commerce arm, Blinkit, faces losses despite rapid growth. Zomato, India’s leading food delivery and hyperlocal quick commerce giant, has announced its financial results for the third quarter of fiscal 2024-25 (Q3FY25), showing a decline of 57.3% in net profit. The company reported a net profit of ₹59 crore ($7.2 million), down from ₹138 crore ($16.7 million) during the same period last year. Despite this dip, Zomato’s revenue from operations surged by 64.4%, reaching ₹5,405 crore ($651.5 million) compared to ₹3,288 crore ($398.5…

Connplex Cinemas has filed its DRHP for an SME IPO with the NSE to raise capital for expansion and growth in India’s entertainment sector. The IPO is expected to attract attention from retail and institutional investors alike. In a significant move for the Indian stock market, Connplex Cinemas, a prominent player in the entertainment industry, has filed its Draft Red Herring Prospectus (DRHP) with the National Stock Exchange (NSE) for an upcoming SME (Small and Medium Enterprises) Initial Public Offering (IPO). This filing marks the company’s intention to list on the NSE, offering equity shares to the public in an…

Veritas Finance Limited has filed a DRHP with SEBI for an IPO to raise ₹2,800 crore. The company focuses on providing loans to MSMEs and self-employed individuals. Veritas Finance Limited, a leading non-banking financial company (NBFC) based in India, has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI), signaling its plan to raise up to ₹2,800 crore through an initial public offering (IPO). The proposed IPO comprises a fresh issue of ₹600 crore and an offer for sale (OFS) of ₹2,200 crore, with each equity share having a face value of ₹10.…

Australian shares rose as banks and miners led the charge. BHP’s higher Q2 output boosted the mining sector. Investors favored safe-haven stocks amid global uncertainties. Australian shares climbed on January 21, 2025, with banks and miners driving the gains, while BHP Group, the world’s largest listed miner, benefitted from a higher second-quarter output. The S&P/ASX 200 index rose 0.7%, closing at 8,402.2, marking its highest close since December 9, 2024. Banking stocks were a significant contributor, with the financial sector gaining 1.3%. The ‘big four’ banks – Commonwealth Bank of Australia, Westpac, National Australia Bank, and ANZ – saw their…

The Rikhav Securities IPO allotment status will soon be released, following the closing of its subscription on January 17, 2025. Investors can check the allotment status through the registrar or BSE website. The IPO’s grey market premium (GMP) stands at ₹100, with strong expectations for a significant listing price. The allotment status for the Rikhav Securities IPO, which closed on January 17, 2025, is set to be released soon. Investors can now focus on the listing, which is expected to happen on January 22, 2025, on the BSE SME platform. Rikhav Securities, a financial services company engaged in stock broking,…

CapitalNumbers Infotech launched its IPO to raise ₹169.37 crore with a price band of ₹250-263 per share. The subscription opened on January 20 and closes on January 22, 2025. The IPO has been oversubscribed, with the grey market premium suggesting a 53% increase in share price. The funds raised will be used for advancing technology, business development, and potential acquisitions. CapitalNumbers Infotech, a West Bengal-based IT firm providing software development solutions globally, has launched its Initial Public Offering (IPO) on January 20, 2025. The company aims to raise ₹169.37 crore through this offering, with a price band set between ₹250…

United Breweries (UBL) shares surged by 6% on January 20, 2025, after announcing the resumption of beer supplies to Telangana Beverages Corporation Limited (TGBCL). This follows a period of suspension due to pricing and payment issues. UBL aims to resolve concerns while continuing operations in Telangana. United Breweries Limited (UBL), a leading beer producer in India, saw its share price rise by over 6% following an important update on its operations in Telangana. The company announced the immediate resumption of beer supply to the Telangana Beverages Corporation Limited (TGBCL), which has exclusive control over alcohol sales in the state. UBL,…