Richest stock investors in india

India’s largest life cover provider Life Insurance Corporation of India (LIC) made a lacklustre debut on the bourses on May 17, with declining nearly 9.4 percent after its initial public offering was subscribed nearly three times last week. The stock opened at Rs 867.20, against an issue price of Rs 949 on the BSE and touched a high and a low of Rs 886.80 and Rs 860.10, respectively. At 10.05am, the scrip was trading at Rs 883.40 on BSE, down 7 percent from its issue price of Rs 949 a share. India's benchmark Sensex rose 0.62% to 53224 points. Corrections in the equity markets globally seem to have hit the listing for the biggest public issue in the history of the Indian capital market. The situation was worsened by mounting inflationary pressure, stricter lockdowns imposed in China to combat Covid outbreak, and an unabated war on Ukraine by Russian forces. After the debut in the market, LIC has become the fifth most-valued Indian listed firm with a market capital of Rs 5.71 … [Read more...] about LIC share lists with 9.4% discount, stock debuts on BSE at Rs 867

The bottom fell out from one of crypto’s fastest growing blockchains, LUNA, which promised to succeed where bitcoin failed. Its predictable collapse reverberated across the entire crypto market and is forcing investors to pick up the pieces. C rypto’s history has been defined by five resets. The first came in 2014 when what was basically the only bitcoin exchange in the world, Mt. Gox, imploded following a nearly half-billion-dollar hack. The second, in 2016, was The DAO hack, when an attacker tricked a smart contract into giving away $60 million worth of ethereum, worth $8 billion today. The third, in January 2018, occurred when the ICO bubble popped, starting a year-long decline wiping out 60% of the crypto market or more than $700 million mostly in the form of worthless junk tokens. The fourth took place in March 2020 when crypto lost 40% of its value along with most other global financial markets. Each reset not only led to price-market capitalization increases, they … [Read more...] about Crypto’s Great Reset: How Digital Asset Investors Will Recover From The Market’s $1 Trillion Meltdown

Representative image Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × India’s largest luxury and premium watch retailer Ethos on May 17 mopped up Rs 141.68 crore from nine anchor investors, ahead of its IPO. The public issue will open for subscription on May 18 and close on May 20. The company in its BSE filing said it has finalised the allocation of 16.14 lakh equity shares to anchor investors at a price of Rs 878 per share. ICICI Prudential Flexi Cap Fund bought 5.30 lakh shares in Ethos Limited, Jupiter India Fund purchased 3.73 lakh shares, Saint Capital fund bought 1.59 lakh shares and 1.55 lakh shares were bought by Cohesion MK Best Ideas Sub-Trust in the luxury watch retailer. Jupiter South Asia Investment Company Limited – South Asia Access Fund bought 77 thousand shares while Coeus Global Opportunities fund, Alchemy … [Read more...] about Ethos raises Rs 141.68 crore from anchor investors ahead of IPO

Share to Twitter Share to Linkedin The stock price of satellite TV and wireless services provider Dish Network (NASDAQ:DISH) has declined by almost 35% over the past month, compared to the S&P 500 which remains down by about 8% over the same period. The recent decline follows the company’s weak Q1 2022 results, which missed analyst estimates on both revenue and earnings amid higher than expected pay-TV subscriber losses. Dish’s revenues for the quarter declined by almost 4% year-over-year to around $4.33 billion, while earnings fell 31% from a year earlier to $0.68 per share. Dish lost about 462,000 pay-TV subscribers, taking its total pay-TV base to just about 10.24 million. Moreover, the ongoing 5G wireless network build-out is also hurting Dish’s cash flows, with the company burning about $191 million in cash over Q1, compared to free cash flows of $729 million last year. Investors aren’t taking too well to the declining sales and rising cash burn, … [Read more...] about What’s Happening With Dish Stock?

Wheat sacks are loaded onto a truck at the grain market in Punjab. Wheat jumped by the exchange limit after India’s move to restrict exports, exposing just how tight global supplies are after the war in Ukraine and threatening to drive up food prices even more. The government will suspend overseas sales to manage its food security, according to a notification dated May 13. This drew criticism from the agriculture ministers of the Group of Seven nations, who said that such measures make the world’s crisis worse. Benchmark futures rose as much as 5.9% to $12.47 1/2 a bushel in Chicago, the highest in two months. Prices have surged about 60% this year, increasing the cost of everything from bread to cakes and noodles. The surprising thing is that India isn’t even a prominent exporter on the world stage. The fact that it could have such a major impact underscores the bleak prospect for global wheat supplies. War has crippled Ukraine’s exports, and now droughts, floods and … [Read more...] about Wheat soars in risk to food inflation as India restricts exports

- A + A MUMBAI (May 17): Shares in Life Insurance Corp of India (LIC) slid nearly 8% on its market debut on Tuesday, a fresh setback for the state-owned giant as its record-breaking, oversubscribed initial public offering (IPO) raised far less than expected for the government. India's biggest insurer and largest domestic financial investor closed at 875.25 rupees, compared with the IPO price of 949 rupees. LIC now has a market value of around 5.54 trillion rupees (US$71.54 billion) and is India's fifth-biggest company. The share-price decline reflects weak overall market sentiment and a slump in the broader market since LIC's IPO opened for subscription on May 4, analysts said, even as the blue-chip NSE Nifty 50 index closed up 2.6% on Tuesday. "We were not expecting a big listing as markets were jittery, expect it to pick up," LIC's chairman M R Kumar told reporters. The government, which had positioned the sale as the first and biggest of a wave of … [Read more...] about LIC shares tumble in market debut after record India IPO

Razorpay Founders Shashank Kumar & Harshil Mathur B2B payments and neobanking platform Razorpay is looking to get new investors on board through a share sale of $75 million by its employees, the company said on May 10. The purchase will be led by Lightspeed Venture Partners along with participation from Moore Strategic Ventures who will subsequently join the company’s cap table. This will also be Razorpay’s fourth and largest Employee Stock Ownership Plan (ESOP) buyback till date, and the second largest in the startup space after Flipkart’s Rs 600 crore buyback in July 2021. 650 of the startup’s existing and former employees will be eligible for this across roles including software engineers, product managers, customer experience agents, sales, and administrative staff. In December 2021, Razorpay’s valuation had jumped from $1 billion to $7.5 billion after the startup raised $375 million in its largest round. In an interview with Moneycontrol, Razorpay’s founder and … [Read more...] about Lightspeed and Moore Strategic Ventures become investors in Razorpay by buying employee shares worth $75 mn

Share to Twitter Share to Linkedin Certain predators can’t see their prey if the prey holds still. It’s the same with some investors. Stocks that do nothing for a while may vanish from investors’ consciousness. But stagnant stocks can sometimes be good buys. Hence, my Do Nothing Club. It’s an annual compilation of stocks whose price is little changed during the past year, and also the past month, but that I think may spring to life. I first conceived the Do Nothing Club on a lazy spring day in 1999. I’ve written 18 columns about it since then; today’s will be the 19 th . The average one-year gain on my Do-Nothing picks has been 13.1%, compared to 9.1% for the Standard & Poor’s Total Return Index. Bear in mind that my column results are hypothetical and shouldn’t be confused with results I obtain for clients. Also, past performance doesn’t predict the future. On a one-year basis, 15 of my 18 previous lists have been profitable, and … [Read more...] about Micron, MetLife And 3 Other Passive Stocks That May Spring To Life

Share to Twitter Share to Linkedin Every market selloff presents opportunities. The iShares Emerging Markets ETF EEM is down -17% year-to-date. Even though Emerging Markets are notoriously volatile, this region is attractive due to its outsized growth potential. According to Lazard Asset Management , Emerging Market (EM) economies are responsible for about 60% of global growth, yet only represent about 13% of the MSCI All Country World Index ACWI . This gap won’t disappear overnight, but it bodes well for EM’s long-term investment prospects. EM has faster economic growth due to relatively attractive demographics and ongoing urbanization. If you’re a long-term investor, adding emerging markets exposure may also prove timely. Below is a chart of the MSCI Emerging Markets Index compared to the S&P 500 Index, expressed as a ratio. When the line is rising, it means Emerging Markets are outperforming US stocks. When the line is falling, it … [Read more...] about 3 Emerging Markets Stocks That Are Secular Winners On Sale

The group has announced that its four top executives involved in the submission of false information have paid a total of RM16 million in compounds issued by the SC. (Photo by Mohamad Shahril Basri/The Edge) - A + A KUALA LUMPUR (May 17): Financially troubled Serba Dinamik Holdings Bhd gained investors' interest and emerged as the top actively traded counter on the local bourse on Tuesday (May 17). The stock opened one sen or 8.33% higher at 13 sen and surged further to hit an intraday high of 22 sen. It ended the trading day 4.5 sen or 37.5% higher at 16.5 sen, giving it a market capitalisation of RM614.99 million. A total of 1.05 billion shares changed hands, representing 28.15% of its share issuance capital. Notably, shares in the oil and gas service provider resumed trading on May 9 after a six-month long suspension since October last year. The stock sank to a new low of six sen on May 11, which was the third day of resumption of trading. … [Read more...] about Serba Dinamik emerges as top actively traded stock, rises up to 22 sen