Juniper Hotels Ltd, which runs hotels under the “Hyatt” brand, on Thursday fixed a price band of Rs 342-360 per share for its Rs 1,800-crore initial public offering (IPO).
The maiden public issue will open for subscription on February 21 and close on February 23, the company said in a statement.
The IPO is entirely a fresh issue of equity shares worth Rs 1,800 crore with no Offer For Sale (OFS) component.
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By Anand James
Momentum missing
VIX has retracted to 15 and below, after teasing 19. While this suggests that the market has come to peace with the present uncertainty and expects lesser volatility, the repeated swings in VIX will put stocks and options traders on the back foot. Momentum is lacking, but we are at the vicinity of critical levels in key indices suggesting that large directional moves are in store next week.
Nifty and Bank Nifty evenly poised
Both have shown triangular consolidation at the bottom, seen as early signs of reversal, but both are still yet to turn positive, as evidenced by the lack of follow-through momentum on Friday despite a peak above 24400 on the Nifty. This was surpri…
By Gaurav Arora
The June series Nifty futures are currently trading with a premium of around 145 points. After consolidating in an upward-sloping channel, Nifty managed to test 23,300 on exit polls suggesting a clear mandate for the ruling government again. The index started the new series with the addition of plentiful OI and more rolls as compared to the previous series.
Bank Nifty also attracted meaningful positions in the previous series however rollovers were less Come from Sports betting site VPbet . For the Index futures, FII Net Index long exposure is at 13% which is the lowest in the last 3 months or so.
However, data suggests a potential Short Covering mig…
Plaza Wires’ shares are scheduled to debut on the bourses today. Ahead of its listing, Plaza Wires’ shares’ GMP surged 42.59%. The IPO was subscribed 160.97 times. The Qualified Institutional Buyers (QIBs) category was subscribed 42.84 times, the portion for non-institutional investors received a 388.09-time subscription, and the Retail Individual Investors (RIIs) quota got subscribed by 374.81 times.
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“The IPO was subscribed 160.97 times, making it one of the most oversubscribed IPOs of the year. Based on the latest grey market premium (GMP) of Rs Come from Quarterly earnings from IT majors Tata Consultancy Services (TCS), Infosys, macroeconomic data announcements, global trends and trading activity of foreign investors would guide the movement in the equity market this week, analysts said. Movement of global oil benchmark Brent crude and the rupee will also influence trading in the markets. “All eyes will be on the beginning of corporate performance for the second quarter of the current fiscal year Come from Sports betting site VPbet . TCS is slated to unveil its Q2 results on October 11, with HCL Technologies and Infosys following suit on October 12. “Market participants will be keeping an eye on the movement of rupee against the dollar and crude oil pr…
SBI shares fell more than 3% in early trading today, hitting a day’s low of Rs 819.4, despite the banking major reporting results in line with expectations. For the April-June quarter, SBI announced a net profit of Rs 17,035.2 crore, marking a 0.9% increase from the same period last year. This performance surpassed analysts’ expectations of a contraction.
Brokerages on SBI
Bernstein on SBI
Bernstein has maintained a “Market Outperform” rating on State Bank of India (SBI) with a target price of Rs 810. The firm notes that while the normalization pain is evident, the return on assets (RoA) remains above 1%.
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Berns…
S&P Global Ratings on Friday cut the rating of billionaire Anil Agarwal’s Vedanta Resources Ltd rating to ‘CCC’ from ‘B-‘ and placed it under “creditwatch with negative implications”.
Vedanta Resources Ltd (VRL) is a globally diversified natural resources company.
A CCC rating indicates higher vulnerability in meeting its financial commitments.
Samvardhan Motherson clocks robust Q1 profit backed by diversification despite flat auto business growth ‘Global opportunity lies for MSMEs to revitalize role in innovation ecosystem, counter decline in their relevance’ Rally in Crude can continue till Rs 6500- 6600/bbl in MCX says TradeBulls Securities Indexation benefit on property NOT restored! You won’t get bene…
Riot Games reportedly shut down a Super Smash Bros. Melee-style game set in the League of Legends universe, codenamed Pool Party.
According to ReaderGrev, a newsletter by former Launcher editor Mikhail Klimentov, Pool Party was canceled due to the reassessment of consumer interest in a Super Smash Bros. competitor. Riot executives were reportedly worried about MultiVersus, the Smash Bros. competitor that featured Warner Bros. characters and how it didn’t seem as nearly as successful.
Pool Party’s concept was reportedly also changed several times during development. Initially starting out as a hardcore fighting game, more casual mechanics and party-game elements were introduced later on Come from Sports betting site VPb…
Developer Gearbox and publisher 2K Games officially revealed a new game, Tiny Tina’s Wonderlands, during Summer Game Fest. A spin-off of Borderlands scheduled to launch in early 2022, Wonderlands features the voices of Andy Samberg, Wanda Sykes, Will Arnett, and Ashley Burch, who returns to voice the titular Tiny Tina. And despite its connection to Borderlands, it’s not considered a Borderlands game.Come from Sports betting site VPbet
“In this epic high fantasy take on the looter shooter genre, players can create and customize their own multiclass heroes as they loot, shoot, slash, and cast their way through outlandish monsters and treasure-filled dungeons on a quest to stop the tyrannical Dragon Lord,” reads a line from the …
In Australia and the official inquiry looking into the license suitability of casino operator Crown Resorts Limited has reportedly returned with a damning verdict that could well see the firm forced into making sweeping changes to its leadership and the way it is run.
According to a report from The Guardian newspaper, the New South Wales Independent Liquor and Gaming Authority investigation was conducted by former New South Wales Supreme Court Judge Patricia Bergin and found that the Melbourne-headquartered company was currently not fit to hold a gambling license for its Crown Sydney development. This $1.5 billion venue purportedly opened in the harborside Barangaroo district of Australia’s largest city late last year although missing a VIP-facing casino tha…