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Out of 15 companies that launched their IPOs in 2019 only seven stocks listed with double-digit gains.The issues that fared well were on the back of strong fundamentals of the company and in some of cases monopolistic market and niche business areas.Indian Railways Catering and Tourism Corporation (IRCTC), the only catering and ticket services provider to railways, witnessed the maximum listing gains of 101.3 percent on its first day - October 14. TheClose Rs 645-crore public issue was oversubscribed by 112 times during September 30-October 3. related news Nifty Bank marches toward record high on likely resolution of 4 NPA cases in December BGR Energy share price locked in 20% upper circuit on Rs 4,442-cr order win D- Street Buzz: PSU banks surge on likely resolution of 4 NPA cases; Indiabulls Housing most active It was a multibagger stock this year, rallying 172 percent so far.The company has also diversified into other businesses, including … [Read more...] about IPO meter: Only 7 out of 15 stocks listed with double-digit gains this year

Prabhudas Lilladher's research report on HDFC Life Insurance CompanyWe attended the HDFC Life's technology day showcasing key enablers of end to end journeys at both in the background and at the front end. Overall experience has been quite impressive with strong adoption of technology especially insurance as a product is quite complex in nature with diverse needs of customer. HDFCLI has tried to stich tech enabled solutions across the value chain leading to provide seamless experience, bring down TATs and provided customer centric products and experience. Company has built most of its tech surrounding the product & service tenets of mortality, morbidity, longevity and covering risk on interest rates and enables it to innovate to the core. Many of the initiatives are already playing out well on cost efficiencies, drive business mix changes and other ratios.OutlookAlthough, valuations of 3.7x Sep-21 EV have left limited room for large upside and hence we retain our HOLD rating with … [Read more...] about Hold HDFC Life Insurance Company; target of Rs 605: Prabhudas Lilladher

Prince Pipes and Fittings will launch its initial public offering on December 18 with a price band of Rs 177-178 per share.The Rs 500-crore IPO comprises a fresh issue of Rs 250 crore and an offer for sale of Rs 250 crore.The issue will open on December 18 and close on December 20. The company, after consultation with merchant bankers, decided a minimum bid lot of 84 equity shares and in multiples of 84 shares thereafter.Close As of October 31, 2019, the total installed capacity of Prince Pipes' six existing plants was 2,41,211 tonnes per annum. The company plans to expand the installed capacity at its plant in Jobner in Rajasthan from 6,221 tonnes per annum to 17,021 tonnes per annum by December 31, 2019 and to 20,909 tonnes per annum by the end of Fiscal 2020. related news SAMHI Hotels receives SEBI approval for Rs 1,800-2,000 crore IPO SBI Cards files IPO papers with SEBI, plans to raise Rs 8,000-9,500 cr Ujjivan Small Finance Bank IPO to open on December 2, price … [Read more...] about Prince Pipes to launch IPO on Dec 18 with price band at Rs 177-178

Highlights- Historic win for Conservative party reduces political uncertainty- Victory an implied affirmation for Brexit- Next step: Deal follow-through in Parliament; Transition in focus- Positive for pound, UK equities (smallcaps) and Indian exporters to UKUK’s Conservative party led by Prime Minister Boris Johnson has secured a resounding election mandate which will put much of Britain's political uncertainties to rest. The unusual election, which was fought primarily on Brexit, has led to a massive win for Conservatives last seen when Margaret Thatcher had come to power. This is also seen as the second UK referendum in favour of Brexit.With the mandate, Johnson can easily pass the first hurdle of UK Parliament’s approval for his Brexit plan. The Street is expecting a quick follow-through in Parliament and an anticipated ratification from the European Union (EU). While sketchy details of a free trade agreement will keep politics and markets on the edge, the market is … [Read more...] about Huge mandate for UK’s Johnson clears political fog, India Inc smiles

At the closing of December 13, TCS was quoting at Rs 2,070.00 up by Rs 49.10 or 2.43 percent.It happened as the Shapoorji Pallonji (SP) Group sold more of its shares in Tata Consultancy Services (TCS) in the open market on December 12, according to The Times of India.Moneycontrol could not independently verify the report.Close Over 71 lakh TCS shares were sold on the NSE and close to 2 lakh shares on the BSE on December 12. It is yet uncertain how much of this was sold specifically by the SP Group. related news India's largest security firm SIS is aiming for global dominance Budget 2020 likely to be presented on February 1: Report Nirmala Sitharaman press conference LIVE: FM to speak on Parliamentary measures and progress made by past announcements This is their second such stake sale in December. The group’s Sterling Investment Corporation and Cyrus Investments sold 19.90 lakh shares of TCS in the open market on December 4 and raised Rs 400 crore.The move is a part of … [Read more...] about TCS share price up 2.43% after Shapoorji Pallonji Group sells more shares in open market: Report