In 2024, half of the companies listed on mainboard exchanges experienced a decline in their stock prices within a month of their listing, as investors seeking quick profits sold their shares soon after the debut. While the average listing day gains for Initial Public Offerings (IPOs) stayed consistent with 2023 at around 27%, data indicates … Read more
The Securities and Exchange Board of India (SEBI) has granted Spice Healthcare an exemption from the obligation to make an open offer to SpiceJet shareholders. This exemption pertains to Spice Healthcare’s acquisition of additional shares in SpiceJet through the conversion of warrants, as disclosed by the airline in a BSE filing on Saturday. As a … Read more
Market Close: Sensex and Nifty end unchanged; mid and small caps perform well The leading gainers on the Nifty included Hindalco Industries, BPCL, Shriram Finance, Tata Steel, and LTIMindtree, whereas the top decliners were M&M, Bajaj Auto, Axis Bank, IndusInd Bank, and SBI Life Insurance. Sector-wise, all indices except for auto and banking closed higher, … Read more