Author: FinSiddhi

The firms have set target prices of Rs 675 and Rs 750 for March and June 2027, implying an upside of up to 31% from the IPO issue price of Rs 574.

Karur Vysya Bank announced a significant 45% rise in first quarter net profit. This increase brought their earnings to ₹756 crore compared to the previous year. The bank’s pre-provision operating profit also saw a substantial 36% jump. Net interest income grew by 32%, boosting overall financial performance. However, the bank’s gross non-performing assets experienced a…

The Securities and Exchange Board of India fined CDSL one crore rupees. This penalty addresses cybersecurity and operational lapses following a malware attack. The depository failed to adequately secure critical systems, which disrupted operations. CDSL’s systems were isolated from the market after the incident. No monetary penalty was imposed on former top officials.

Ahead of the listing, SBI Funds Management shares are commanding a Grey Market Premium (GMP) of around Rs 97. Based on the upper end of the IPO price band at Rs 574, the GMP points to an estimated listing price of nearly Rs 671, implying a potential 17% listing gain for investors.

The company, which is associated with the production of sugar and ethanol along with engineering works, announced earlier this year that as part of its demerger of its power transmission business, every eligible shareholder get one share of Triveni Power Transmission for every three shares held in Triveni Engineering as on the record date.

The Securities and Exchange Board of India fined CDSL one crore rupees. This penalty addresses cybersecurity and operational lapses following a malware attack. The depository failed to adequately secure critical systems, which disrupted operations. CDSL’s systems were isolated from the market after the incident. No monetary penalty was imposed on former top officials.

Bangalore-based Indo-MIM has announced the price band of its ₹3,812 crore-Initial Public Offering (IPO) at ₹461-485 per share. The issue will open for subscription on July 23 and close on July 27.

Investment banks managing SBI Funds Management’s IPO will receive minimal fees. These managers will split fees of ₹46.25 million, a fraction of the deal value. This payout is significantly lower than rival ICICI Prudential Asset Management’s offering. Several Wall Street firms declined roles due to the low compensation. SBI Funds Management is India’s largest asset…

The U.S. dollar held near a one-week peak as Middle East conflicts created energy supply fears. Markets also watched inflation risks as oil prices swung sharply near six-week highs. U.S. Treasury yields edged higher, reflecting concerns about rising consumer prices. Meanwhile, the New Zealand dollar strengthened after robust inflation data supported rate hike expectations. The…

Asian stocks advanced, recovering from recent losses as chip shares stabilized. Megacap technology earnings are anticipated this week, influencing market direction. Geopolitical tensions in the Middle East and trade concerns are creating investor caution. Elevated oil prices and escalating regional conflicts add to market uncertainty. Investors await corporate results and de-escalation for market rebounds.