Ravindra N. Sonavane
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Past articles by Ravindra:
Go Fashion, CMS Info get Sebi nod to raise funds via IPO
Meanwhile, PKH Ventures Ltd has withdrawn its ₹500 crore IPO on 28 October. The reason for withdrawal has not been mentioned → Read More
Choice Group acquires Centcart’s mutual fund distribution business
The sale will enable CentCart Money to focus on our core NBFC business and consolidate our line of activity, said Brijesh Parnami, Founder & CEO of CentCart Money → Read More
Aditya Birla Sun Life shares open flat on debut
At the upper end of the IPO price band, Aditya Birla Sun Life AMC was offered at price-earnings of 39 times its FY21 earnings → Read More
Bajaj Finserv, Bajaj Finance's combined market cap hits $100 bln
Investors have continued to buy into both the stocks amid improved collections, growth in preferred general insurance segments, new individual life insurance business, after the easing of pandemic-led lockdown restrictions in the country → Read More
ICICI Bank becomes second lender to cross ₹5 trillion in mcap
ICICI Bank has emerged as a growth leader and with better return ratios and credible management, it will be able to narrow down the valuation gap with peers like HDFC Bank, say analysts → Read More
Indian markets may open higher; Airtel in focus
Investors will watch out for gross domestic data, auto monthly numbers and PMI data this week → Read More
Windlas Biotech IPO to open on 4 Aug, close 6 Aug
The IPO consists of a fresh issue of ₹165 crore and an offer for sale of up to 5.14 million shares by its current promoters and shareholders → Read More
Star Health files DRHP to raise funds via IPO
The proceeds from the issue will be deployed in FY22 towards augmentation of its capital base → Read More
Clean Science sees bumper stock market debut, lists at 100% premium
Clean Science's customers include manufacturers and distributors in India and international markets including China, Europe, the US, Taiwan, Korea, and Japan. Nearly two-third of its revenues comes from exports → Read More
Zomato IPO to open on 14 July; offer price set at ₹72-76 apiece
Zomato's IPO comprises a fresh issue of ₹375 crore and an offer for sale of ₹9,000 crore by its current promoter Info Edge India Ltd. Employee reservations has kept at 6.5 million shares → Read More
Why this loss-making company's stock has surged over 1,500% in 8 months
The stock has hit the upper circuit for 27 consecutive sessions since 25 May 2021, and during this period it has advanced over 261% → Read More
Lenders dispose of assets to recoup money lost to fraud
ED said that Mallya, Nirav Modi and Mehul Choksi cheated public sector banks of ₹22,586 cr via their firms → Read More
Sensex, Nifty down nearly 1% each; banks, financials weigh
The Reserve Bank of India's policy guidance, the pace and spread of the crucial monsoon rains, and the unlocking of states, with the fall in daily covid cases, will provide cues for the Indian equities going ahead → Read More
India Pesticides IPO price band fixed at ₹290-296 a share
India Pesticides Ltd aims to raise ₹800 crore from the IPO which comprises a fresh issue of ₹100 crore and an offer for sale (OFS) of ₹281.40 crore by Anand Swarup Agrawal and ₹418.60 crore by other shareholders and promoters → Read More
Indian stock markets erase early gains, slip into the red
After the recent run-up, the Nifty now trades at rich valuations. Thus, any negative surprise or misses in the June quarter earnings could act as a dampener → Read More
Sona BLW Precision IPO to debut 14 June
Sona BLW Precision Ltd, or Sona Comstar, an automotive component manufacturer, backed by private equity firm has fixed the price band for the issue at ₹285-291 per share → Read More
Diagnostic services provider shares dip amid falling covid cases
Off late, India has reported a decline in daily fresh cases, with less than 1 lakh infections reported on Monday and daily positivity rate falling to 4.6% → Read More
Shyam Metalics fixes IPO price band
Shyam Metalics and Energy Ltd has cut the size of its IPO from ₹1,107 crore to ₹909 crore, after promoters offloaded ₹252 crore shares from their own stake, against ₹450 crore planned earlier → Read More
Wipro hits ₹3 trillion in mcap
Tata Consultancy Services and Infosys are the two other IT companies to have achieved this feat.India has total 13 listed firms that have crossed the ₹3 trillion m-cap → Read More
Indian stock markets rise ahead of RBI policy review meeting outcome
The began its three-day deliberations on Wednesday amid expectations of a status quo on benchmark rate mainly on account of uncertainty over the impact of the second wave of COVID-19 pandemic → Read More