Latest Stock Market News

The IPO consists of fresh issue of Rs 60 crore and an offer for sale of Rs 327.9 crore by the founders and other investors. The company is selling its shares in the range of Rs 94-99 apiece and in lot sizes of 150 equity shares and its multiples thereof.

"With global central banks tightening policy, concerns about an economic slowdown continue ... and while the floor is firm for stocks, those worries will keep the topside heavy," Maki Sawada, a strategist at Nomura, said on a conference call with the media.

“What is playing out right now is the impact of commodity inflation. We are by and now past most of the commodity increases but we have not been able to pass on the margin on it and that I think will start evening out only when commodity prices start moving down because then you get your chance to even it out.”

In the feed grains segment, maize is the largest crop in India. India’s maize production for the kharif crop of 2022-23 declined by 2.1% year-on-year to 21.31 million MT from the previous year production of 21.95 million MT.

The board of directors considered and approved raising capital through the issuance of non-convertible redeemable unsecured Basel III compliant tier II bonds for an amount up to Rs 1,500 crore, the bank said in a regulatory filing.

“Over a longer period of time, corporates will probably borrow from the stock markets in debentures and bonds rather than going to the banks. The real growth in banking will come from retail, where private sector banks are very well established and that is the reason why I am saying that they will probably do better than the PSU banks over a longer term.”

The stock holding limit will be worked out on the basis of giving 100% weightage to the month-end notional stock of the preceding month," the ministry’s notification said.

A total of 141,760 shares changed hands on the counter till 01:22PM (IST)

“2023 would be the year in which people will probably put money in companies where they have shown the ability to create newer models and particularly the electric vehicle models. If Bajaj Auto is saying that they would launch two or three new vehicles in the current year, it is quite possible that we might see a surprise coming in from Bajaj Auto in this particular two-wheeler pack.”

Vijaya Diagnostic Centre Ltd., incorporated in the year 2002, is a Small Cap company (having a market cap of Rs 4414.87 Crore) operating in Hospitals & Allied Services sector.