Retail investors can subscribe to OFS of Ircon International: Analysts
The stock is trading at a Price to Earnings (PE) ratio of 6.7 times its FY23 estimated earnings compared to an average of 8.5 times since its listing in September 2018, according to analysts.
9 out-of-favour blue chips off 15-20% from 52-week highs
Analysts said most of these stocks offer value and can be good buys at current price levels.
Market movers: What led to selling in IRCON; 42 stocks flash sell signal
Over 340 stocks hit their 52 week highs on Wednesday. Vedanta, Tata Steel, Tata Power, Tata Motors, Piramal Enterprises, NTPC, NMDC, Motherson Sumi, IndiGo, Grasim Industries and Federal Bank were among top names.
Ircon International shares plunge 7% as two-day OFS kicks off
The stock fell as the floor price of Rs 88 came in at a 10.06 per cent discount to Tuesday's closing price of Rs 97.85 on BSE.
Govt to sell 16% stake in IRCON to raise about Rs 662 crore
The base offer is for 10 per cent share sale while the green shoes offer is 6 per cent. The government holds 89.18 per cent stake in IRCON.
Sebi gives Pantone Finvest conditional exemption from an open offer for Tata Communications
Currently, 75% of the company is held by the promoters, while 25% is held by the public. The government is also a promoter in the company and holds about 26% stake, which it is planning to divest.
Tata Comm acquisition: Sebi offers exemption to Pantone from takeover norms
The order came after Pantone filed an application with Sebi seeking exemption from the applicability of certain provisions of SAST norms.
Policy and regulatory framework for DISCOMs in the offing: PM Modi
Asserting that reforms in the regulatory and process framework have significantly 'improved' the outlook towards the power sector, Prime Minister Narendra Modi on Thursday said the Centre is working to remove problems in the distribution sector and a policy and regulatory framework for DISCOMs is in the offing.
Govt calls for presentation by merchant bankers for Tata Comm OFS on Tuesday
A total of 11 merchant banks are in the fray including Axis Capital, Credit Suisse Securities (India) Private Ltd, Elara Capital (India), Goldman Sachs (India) Securities and ICICI Securities.
Govt to exit its holding in VSNL this fiscal, sell 26.12% stake
In a notice, the Department of Investment and Public Asset Management (DIPAM) said a part of the shareholding will be offered through OFS and the balance, including any leftover portion in the OFS, will be offered to strategic partner Panatone Finvest Limited.
SAIL OFS’ retail portion subscribed 5x on day 1
The government had planned to sell 206.5 million shares, or 5 per cent of the total equity, with an option to sell an additional 206.5 million shares of SAIL in case of oversubscription.
SAIL climbs 7% on strong OFS response
Seeing strong response to the issue, the government decided to exercise the green shoe option of offloading another 5 per cent stake in the state-run company.
SAIL OFS subscribed 20% on opening
Over 4.13 crore shares were sought in the first three hours of trade on BSE, stock exchange data showed.
SAIL plunges 10% as two-day OFS kicks off
In the offer, the government would divest 5 per cent equity, with a 5 per cent greenshoe option.
This machine tool maker is selling shares at 30% discount via OFS
The offer for sale opened for non-retail investors on Thursday. Retail investors can bid for the shares on Friday.