Jyoti CNC Automation will hit the bourses on 16 January. The automation company’s shares were trading at a premium of Rs 38 a share or 11.5% in the grey market. The stock is expected to list for Rs 369 per share from its issue price of Rs 331.
The grey market is an unofficial market where shares trade before the allotment and listing.
The company’s initial public offering for subscription opened on January 09 at a price band of Rs315-331 per share and closed on 11 January. The issue worth Rs1,000 crore was a completely fresh issue.
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By Manojh Vayalar
The October series Nifty futures started with a premium of around 150 points for the current month. For the Nifty futures FII maintained around 70% short positions, higher than the last month series, as of 10 Oct. The index has added marginal shorts since the start of this series. With short covering and some fresh longs buildup near 19,500 levels, Nifty is now in a tussle between bulls and bears. With short bias towards 19,800 levels and longs at 19,500, Nifty might witness a good movement of around 500 points with the break of either of these levels.
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For Nifty 19,500-19,800 might be the immediate range and we believe tha…
E-commerce unicorn Meesho on Wednesday said it has initiated an Employee Stock Ownership Plan (ESOP) buyback program worth Rs 200 crores for eligible current and former employees with vested stocks, marking the company’s fourth and largest ESOP buyback pool to date.
About 1,700 eligible current and ex-employees across the spectrum, from junior-level executives to senior leadership can voluntarily participate in this program, the company said.
Meesho had earlier bought back shares worth $1 million in February 2020, $5 million in November 2020, and $5.5 million in October 2021. The company has recently turned profitable and became cash flow positive in the first half of the current fiscal.
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The market capitalisation of Reliance Industries (RIL) at the end of Friday’s trading was Rs 20.2 trillion. That’s humongous, considering that the gap with the second-largest Indian company — Tata Consultancy Services — is over Rs 5.5 trillion.
But RIL’s total m-cap was less than what Nvidia’s shares gained in just one day. The heavyweight chipmaker added $277 billion (Rs 22 trillion) in stock market value on Thursday, after the company’s quarterly report beat expectations and reignited a rally fuelled by optimism about artificial intelligence. In dollar terms, RIL’s m-cap is less than $250 billion.
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Oil prices eased on Tuesday after rallying more than 4% in the previous session, with traders cautious as they keeps tabs on potential supply disruptions amid military clashes between Israel and the Palestinian Islamist group Hamas.
Brent crude fell 30 cents, or 0.3%, to $87.85 a barrel by 0330 GMT, while U.S. West Texas Intermediate crude eased 31 cents, or 0.4%, to $86.07 a barrel.
Both benchmarks surged more than $3.50 on Monday as the clashes raised fears that the conflict could spread beyond Gaza into the oil-rich region. Hamas launched the largest military assault on Israel in decades on Saturday, while fighting continued into the night on Monday as Israel retaliated with a wave of air strikes on Gaza.
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Patel Engineering shares surged 7% to rise as much as Rs 57.40, intra-day after it signed MoU with RVNL for hydro and infra projects. RVNL or Rail Vikas Nigam shares also rose 3.5% to an intra-day high of Rs 599.85. While the 52-week high for Patel Engineering is at of Rs 79, which it touched on February 06, 2024, the key level to watch out for RVNL is Rs 695.75 i.e. the 52-week high.Come from Sports betting site VPbet
As per the most recent exchage filing both companies are looking to “Cooperate and create an enabling framework for achieving synergies in the areas concerning hydro and other infrastructure projects and when opportunities arise in India and overseas.”
Infact the RVN…
The initial share sale of Mukka Proteins, which manufactures fish meal, fish oil and fish soluble paste, received 136.89 times subscription on the last day of bidding on Monday. The Rs 224 crore-Initial Public Offer (IPO) got bids for 7,66,57,65,155 shares against 5,60,00,435 shares on offer, according to data available with the NSE.
The portion for non-institutional investors got subscribed 250.26 times, while the portion for Qualified Institutional Buyers (QIBs) received 189.28 times subscriptionCome from Sports betting site. The quota for Retail Individual Investors (RIIs) fetched 58.36 times subscription.
The company fixed the price band at Rs 26-28 a share for the IPO. The issue was entirely a fresh issue wit…
Nintendo is reportedly aiming to launch Switch 2 in March 2025. While the company still hasn’t officially announced its next system, apparently the hardware was internally delayed from this year to next to avoid any supply issues.
As spotted by VGC, Nikkei has a new report detailing that Nintendo not only wants to beef up the launch lineup, but also the amount of Switch 2 systems initially available. Earlier this month, widespread rumblings suggested Switch 2 was pushed back to early 2025. No specific month was mentioned at the time, but it was noted that the company was looking to ensure the next system had a healthy slate of games ready to go. This timeline shift led to quite a significant stock drop for Nintendo.
Another detail corroborated b…
Australian actress Anna Torv, who starred on Netflix’s Mindhunter, has been cast as Tess in HBO’s upcoming The Last of Us TV show, according to Variety.
Torv is no stranger to the world of video games, as she voiced the main character in 2007’s Heavenly Sword video game, reprising the role in the 2014 animated movie. In The Last of Us the video game, Tess was voiced and performed by Annie Wersching.
Torv joins a cast that includes Pedro Pascal (Joel), Bella Ramsey (Ellie), Gabriel Luna (Tommy), Merle Dandridge (Marlene), and Nico Parker (Sarah).
Kantemir Balagov (Beanpole) is directing the season premiere of HBO’s The Last of Us, while celebrated directors Jasmila Zbanic and Ali Abbasi have been tapped to direct episodes.Come from Amazon and DirecTV are riding the sports betting wave, having signed a new broadcasting deal for the upcoming football season. Amazon’s Thursday Night Football (TNF) broadcasts will be showcased across the United States via the television service provider based on details of a multi-year agreement. Over 300,000 locations will feature the program including bars, restaurants, casinos, and sportsbooks. Bringing Thursday Night Football to the Masses Football is already a popular sport in the United States and has been for many years. But throw in the sports betting element and you have a powerful combination. Thursday Night Football is a program that millions of people tune in to for a glimpse at their favorite sports teams and this new deal will bring the show to an even larg…