Look who was swimming naked! Most newly-listed stocks take a hard knock
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Price data shows as many as seven listings of this calendar, many of which happened to be from the Covid-hit sectors, have fallen up to 27 per cent from their issue price. Others, too, have trimmed their post-listing gains.
When Kalyan Jewellers India IPO hit the market, analysts had cited a weak balance sheet, poor capital allocation and poor track record of jewellery listings in the past to warn investors against subscribing to the issue. Yet the issue sailed through. (Representative image)
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NEW DELHI: Warren Buffett says, “You only find out who is swimming naked when the tide goes out.”
Nifty, Sensex may try to head higher – Weekly closing report
Moneylife Digital Team
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We had mentioned in last week’s closing report that Nifty, Sensex were indecisive. The major indices continued to fall and ended in losses. The trend of the major indices in the week is given in the table:
On Monday, the indices opened lower and suffered a major correction. On the NSE, there were 379 advances, 1,595 declines and 68 unchanged.
Jubilant Pharmova has developed a novel oral formulation of Remdesivir, which, the company said, is likely to ease the capacity constraint that injectable formulation faces and ensure wider and timely availability for COVID-19 patients.
Nifty, Sensex remain under pressure – Tuesday closing report moneylife.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneylife.in Daily Mail and Mail on Sunday newspapers.
Sensex makes a U-turn to end 244 pts lower as bulls stare at Covid 2.0 restrictions
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Sensex makes a U-turn to end 244 pts lower as bulls stare at Covid 2.0 restrictionsBy
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Dalal Street failed to hold on to early gains due to weak global cues and the possibility of a stricter lockdown in Maharashtra, said an analyst.
The S&P BSE Sensex index traded in a range of 1,040 points during the day.
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NEW DELHI: Domestic equity benchmarks continued to show volatile moves on Tuesday as the government’s vaccine for all announcement cheered investors but doubts over the country s capacity of Covid-19 vaccines played spoilsport.
NEW DELHI: The share allotment of Easy Trip Planners IPO will be finalised on Tuesday. The Rs 510 crore issue, which was sold between March 8 and 10, was a big hit with investors, as it mopped up bids worth 159.33 times the issue size.
Easy Trip Planners is a travel company, which was ranked second among the key online travel agencies in India in terms of booking volumes during the nine months ended December 31, 2020. The travel company was the only profitable online travel agency among the key online travel agencies in India during FY18-20 in terms of net profit margin.
The company has access to 400 international and domestic flights and around 11 lakh hotels in India and abroad. The travel agency has 96 lakh registered customers and a network of close to 60,000 travel agents.