‘Buy’ Meesho, Citi says, projects 23% upside on this differentiator
Citi described Meesho as a value-focused e-commerce platform with multiple strategic differentiators compared to other players in the online retail space.
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Waterways Leisure Tourism IPO opens on June 23: All you need to know before subscription
Ahead of the issue opening, Waterways Leisure Tourism raised ₹263 crore from eight anchor investors. Among them, Nova Global Opportunities Fund emerged as the largest investor, acquiring 6.31 lakh shares worth ₹51 crore, followed by Cullinan Opportunities Fund, which purchased…
Craftsman Automation promoters may sell shares via block deal after ₹2,000 crore QIP
Promoter Srinivasan Ravi is expected to offload up to a 2.01% stake in the company via a block transaction. The deal size is estimated at around ₹484 crore, including the greenshoe option.
Asian Paints, HUL, five other stocks to trade ex-dividend from today; Details here
Hindustan Unilever, India’s largest FMCG company had also announced a final dividend of ₹22 per share, along with its earnings. The record date for that payout is today.
Gold edges lower, silver drops over 2% amid focus on US-Iran peace talks
Gold and silver prices fall as Fed rate hike bets rise and West Asia tensions ease, with traders eyeing US PCE data and Kevin Warsh testimony for direction.
Apar Industries shares are up nearly 100% this year; Here’s why the stock is in focus today
As per the agreement, Apar Industries Middle East Ltd., KSA, will supply base oils within the LubeHub Value Park in Yanbu — in support of strengthening the downstream industrial ecosystem and enhancing local content.
Dow Jones outperforms peers as tech sell-off weighs on S&P 500, Nasdaq
Most big tech companies witnessed a bout of profit booking on Monday, led by Alphabet, whose shares fell 5% after two major high profile exits. Shares of Nvidia, Meta, Microsoft, Amazon were also down between 1% and 5% on Monday.
SpaceX shares fall 16% on Monday; Three-day fall wipes out $600 billion in value
Retail remained a buyer in SpaceX even during Monday’s 16% fall, but the inflows were below last week’s levels, according to Vanda Research.
Advit Jewels raises ₹50 crore from anchor investors ahead of IPO
The Jaipur-based company allotted 35.88 lakh equity shares to anchor investors at ₹138 apiece, aggregating the transaction size to ₹49.52 crore.
SpaceX turns to bond market to raise capital, reports $100.8 billion cash
SpaceX taps bond market after IPO to fund AI and Starship expansion, reshaping its balance sheet while preserving Elon Musk’s control and investor stakes.