Lehman moment for crypto market? Experts say 90% of tokens may be wiped out

[ad_1] New Delhi: It is a complete carnage in the crypto market, with the top 20 names dropping as much as 35 per cent in the last 24 hours alone. The fall in smaller tokens is steeper and the pain more severe. The global market capitalization of all the crypto tokens has tumbled below $1.2 … Read more

Venus Pipes IPO subscribed 4.43 times on second day of offer

[ad_1] New Delhi: The initial public offer of Venus Pipes and Tubes was subscribed 4.43 times on the second day of subscription on Thursday. According to the NSE data, the company’s Rs 165.41-crore Initial Public Offer (IPO) received bids for 1,57,21,696 shares against 35,51,914 shares on offer. The category for retail individual investors received 7.52 … Read more

Prudent Corporate Advisory IPO gets 1.22 times subscription on last day

[ad_1] New Delhi: The initial public offer of Prudent Corporate Advisory Services was subscribed 1.22 times on the last day of offer on Thursday. The Rs 538.61-crore IPO got bids for 73,30,928 shares against 60,18,689 shares on offer, as per NSE data. Retail Individual Investors (RIIs) portion got subscribed 1.29 times, while Qualified Institutional Buyers … Read more

Stock Radar | GAIL India a ‘sell on rise’ stock for May series: Ruchit Jain

[ad_1] GAIL India Ltd has fallen over 7 per cent compared to a near 8 per cent rise seen in Nifty50 in the same period, but chart patterns suggest that the stock could face further selling pressure in May series. The stock touched a 52-week high of Rs 173.45 on 19 April but failed to … Read more

With floods and electricity shortages, South Africa’s economy is threatening to go into reverse

[ad_1] DURBAN, South Africa – April 16, 2022: Massive debris at the Durban harbor following heavy rains, mudslides, rain and winds in Durban. The harbour serves as a bulwark for the economy of the city of Durban. RAJESH JANTILAL/AFP via Getty Images South Africa’s economy picked up momentum in the first quarter of the year, … Read more

Chart Check: This pharma company forms BAT pattern; target seen at Rs 1,000

[ad_1] rose a little over 2 per cent compared to about 7 per cent gain seen in the Nifty50 in the same period, but technical parameters suggest that the stock could see a bounce back towards Rs 1,000 levels in next 3-5 weeks, suggest experts. The pharma company with a market capitalisation of more than … Read more

Buy Chemplast Sanmar, target price Rs 800: ICICI Securities

[ad_1] has buy call on Chemplast Sanmar with a target price of Rs 800. The current market price of is Rs 523.95. Time period given by analyst is one year when . price can reach defined target. Sanmar Ltd., incorporated in the year 1985, is a Small Cap company (having a market cap of Rs … Read more

Is L&T on track to double revenues by FY25? SN Subrahmanyan answers

[ad_1] “We have gone for huge hedges across various commodities like iron ore, coke, copper, aluminium etc and thereby are trying to mitigate the price increases. This is a work in play but it is a fact that there will be a small effect on margins and we may have to live with it,” says … Read more

First initiation on RateGain Tech suggests 45% upside for this recent debutant

[ad_1] NEW DELHI: With the global travel market rebounding sharply, and pandemic accelerating digital transformation in the travel industry, domestic brokerage believes one of the largest Software as a Service (SaaS) players in India — RateGain Technologies is poised to benefit from this. The brokerage in its coverage initiation report late last month said in … Read more