<ul><li>IPOs of SJS Enterprises and Sigachi Industries will open on November 1 and close on November 3.</li><li>Sigachi Industries has set a price band of ₹161-163 per share and SJS Enterprises fixed a price band of ₹531-542 apiece.</li><li>Chemical maker Sigachi Industries looks to raise ₹125.43 crore while Auto component maker SJS Enterprises may raise ₹800 crore through the public listing.</li></ul>Next week is packed with the initial public offering (IPO) of several companies including SJS Enterprises and Sigachi industries. Both the companies will open their IPOs on November 1 and will close on November 3. To help you understand the fundamentals of the companies before subscribing to its IPO, here are some details of both IPOs you need to know. Sigachi Industries The Hyderabad-based manufacturer of cellulose-based excipients, Sigachi Industries, is looking to raise ₹125.43 crore by selling 76.95 lakh shares. The company is engaged in the manufacturing of microcrystalline cellulose, the polymer that is widely used for finished dosages in the pharmaceutical industry. It operates through three manufacturing units in Hyderabad and Jhagadia, Dahej located in Gujarat. The proceeds from the issue will be used for expansion of production facilities of MCC at Dahej and Jhagadia in Gujarat. Financial performance of the chemical manufacturer has been increasing steadily over the past few financial years. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;" class="redcator-table-advance"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Particulars </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Total income </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Profit </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">FY21 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹196 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹30 crore </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">FY20 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹143 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹20 crore </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">FY19 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹132 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹19 crore </td></tr></tbody><tbody></tbody></table> SJS Enterprises SJS Enterprises, one of the leading players in the Indian decorative aesthetics products industry, will also open its IPO alongside PolicyBazaar and Sigachi Industries on November 1. The IPO consists of a pure offer for sale of ₹710 crore by Evergraph Holdings Pte and ₹90 crore by KA Joseph. Currently, Evergraph Holdings and KA Joseph hold 77.86% and 20.74% stake in the company, respectively. It also manufactures a wide range of aesthetics products that cater to the requirements of the commercial vehicles, medical devices, farm equipment and sanitary ware industries. The company's manufacturing facilities are located in Bengaluru and Pune. Profit growth of the company has grown consistently in the past few years. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;" class="redcator-table-advance"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Particulars </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Revenue </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Profit </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">FY21 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹255 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹47 crore </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">FY20 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹221 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹41 crore </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">FY19 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹240 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹37 crore </td></tr></tbody><tbody></tbody></table> SEE ASLO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/fino-payment-ipo-how-to-apply-for-this-ipo-via-banks-and-trading-apps/articleshow/87330392.cms">Fino Payments Bank’s public issue opens tomorrow and here’s how you can easily apply for the IPO</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/startups/news/paytm-ipo-will-help-alibaba-make-730-million-and-vijay-shekhar-earn-53-million/articleshow/87329594.cms">Alibaba will make $730 million from Paytm IPO, Vijay Shekhar will earn $53 million</a>

IPOs opening on November 1: SJS Enterprises and chemical maker Sigachi industries

<ul><li>Sigachi Industries is likely to announce its share allotment status today.</li><li>The Hyderabad-based manufacturer of cellulose-based excipients, Sigachi Industries, is looking to raise ₹125.43 crore.</li><li>The IPO of the company was subscribed 101.91 times on the last day of bidding.</li></ul>The Hyderabad-based manufacturer of cellulose-based excipients, Sigachi Industries, is likely to announce the allotment status of its initial public offering (IPO) today, November 10. The IPO was open for subscription from November 1 to November 3. The company is looking to raise ₹125.43 crore through the IPO with a price band of ₹161 to ₹163 per share. Sigachi Industries’ IPO received strong demand in subscription as it got subscribed 101.91 times in the three days of IPO bidding process. Moreover, shares of the company commanded a strong premium of ₹160 in the grey market. The portion reserved for retail investors was oversubscribed by 80.49 times on the last day of the IPO bidding process. The company is engaged in the manufacturing of microcrystalline cellulose, the polymer that is widely used for finished dosages in the pharmaceutical industry. Here is how to <keyword id="12500356" type="General" weightage="20" keywordseo="sigachi-industries-ipo-allotment" source="Orion">Sigachi Industries IPO allotment</keyword> status on stock exchange website: <ul><li>Go to the <a href="https://www.bseindia.com/investors/appli_check.aspx">BSE website</a> or NSE website<a href="https://www1.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp"> here</a>.</li><li>On BSE, Select 'Equity' and then from the dropdown, select ‘Sigachi Industries’.</li><li>Now, enter your application number and PAN.</li><li>Click on 'Search'.</li><li>Please note the details will only be available once the shares are allotted.</li></ul>You can also visit the registrar website (Link Intime India) to check your application status. <ul><li>Visit the registrar's website <a href="https://linkintime.co.in/MIPO/Ipoallotment.html">here</a>.</li><li>Click on 'Select company' and click on ‘Sigachi Industries’.</li><li>Once the company is selected, you will have to enter either your PAN detail, the application number, or the client ID.</li><li>Enter the captcha and click ’submit’.</li></ul>Once you hit 'submit', the status of your application will appear on the screen. Please ensure the details that you provide are correct. It will show the number of shares you subscribed to and the number of shares allotted to you. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/startups/news/scoopwhoop-and-myglamms-parent-which-is-backed-by-amazon-is-now-valued-over-a-billion-dollars/articleshow/87608734.cms">ScoopWhoop and MyGlamm’s parent, which is backed by Amazon, is now valued over a billion dollars</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/auto/news/after-tata-motors-tvs-motor-may-raise-money-to-run-ev-business/articleshow/87602948.cms">After Tata Motors, TVS Motor may raise money to run EV business</a>

Here’s how to check Sigachi Industries IPO allotment status, listing date and more

<ul><li>The Hyderabad-based manufacturer of cellulose-based excipients, Sigachi Industries, is looking to raise ₹125.43 crore.</li><li>Analysts believe the company’s consistency in paying a dividend continuously for the last three years bodes well.</li><li>The grey market premium of the company shares have risen to ₹160 per share from ₹150 earlier.</li><li>Overall, the IPO received bids for 4.94 crore as against 53.86 lakh shares offered for sale.</li></ul>The Hyderabad-based manufacturer of cellulose-based excipients, Sigachi Industries, has already been subscribed over 9 times on the second day of the initial public offering (IPO). Shares reserved for retail investors have been oversubscribed by 17.21 times on the second day of the IPO bidding process as of 1:38 p.m., on November 2. Overall, the IPO received bids for 4.94 crore as against 53.86 lakh shares offered for sale. Investors are excited about the IPO also because the shares of the company commanded a strong premium of ₹160 in the grey market today. The grey market premium rose to ₹160 per share on Tuesday from ₹150 earlier. The company is looking to raise ₹125.43 crore through the IPO with a price band of ₹161 to ₹163 per share. It is engaged in the manufacturing of microcrystalline cellulose, the polymer that is widely used for finished dosages in the pharmaceutical industry. “With over 30 years of continuous growth, three multi-locational manufacturing facilities and consistent focus on delivering premium quality products, the company is one of the leading manufacturers of cellulose based excipients in India, in terms of volume,” said a report by JM Financial. Brokerage firm Reliance Securities <a href="https://economictimes.indiatimes.com/markets/ipos/fpos/sigachi-industries-ipo-subscribed-11-8-times-so-far-on-day-2/articleshow/87481993.cms">reportedly</a> said, “Sustained demand for microcrystalline cellulose (MCC) from various industries and the expansion programme, earnings growth momentum looks sustainable. It has been paying a dividend consistently for the last three years, which bodes well.” Meanwhile analysts at Marwadi Shares and Finance <a href="https://economictimes.indiatimes.com/markets/ipos/fpos/sigachi-industries-ipo-subscribed-11-8-times-so-far-on-day-2/articleshow/87481993.cms">reportedly</a> said that, "The company is one of the leading manufacturers of MCC [cellulose-based excipient] in India with a presence across diverse industry verticals and is available at reasonable valuation on an absolute basis." Sigachi Industries operates through three manufacturing units in Hyderabad and Jhagadia, Dahej located in Gujarat. The proceeds from the issue will be used for expansion of production facilities of MCC at Dahej and Jhagadia in Gujarat. Net profit of the chemical manufacturer has been increasing steadily over the past three financial years. <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Particulars </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Revenue </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Profit </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">FY21 </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">₹255 crore </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">₹47 crore </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">FY20 </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">₹221 crore </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">₹41 crore </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">FY19 </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">₹240 crore </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">₹37 crore </td></tr></tbody></table> SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/finance/banks/news/former-sbi-chairman-pratip-chaudhuris-arrest-will-lead-to-policy-paralysis-say-experts/articleshow/87482347.cms">The arrest of former SBI chief Pratip Chaudhuri may prevent bankers from making any risky decisions, say experts</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/startups/news/logistics-startup-delhivery-files-for-a-nearly-1-billion-ipo/articleshow/87481889.cms">Logistics startup Delhivery files for a nearly $1 billion IPO</a>

Sigachi Industries IPO — Grey market premium rises to ₹160, here’s what analysts are saying about it

<ul><li><keyword id="10019460" type="General" weightage="20" keywordseo="sigachi-industries" source="Orion">Sigachi Industries</keyword> intends to raise ₹125.43 crore with this public issue.</li><li>The IPO of the company was subscribed 101.91 times in the three-day stake sale.</li><li>The company will list on the stock market by November 15, 2021.</li></ul>The allotment status of Sigachi Industries’ initial public offering (IPO) was announced yesterday, November 9. The Hyderabad-based manufacturer of cellulose-based excipients company received strong demand from the investors and its IPO was subscribed 101.91 times in the three days of bidding process. Moreover, shares of the company commanded a strong premium of ₹160 in the grey market. Sigachi Industries is engaged in the manufacturing of microcrystalline cellulose, the polymer that is widely used for finished dosages in the pharmaceutical industry. The company intends to raise ₹125.43 crore through the IPO, and offered its shares at price band of ₹161 to ₹163 per share. If you have not checked whether you received the IPO allotment or not, <a href="https://www.businessinsider.in/stock-market/news/sigachi-industries-ipo-how-to-check-allotment-status/articleshow/87614930.cms">click here </a>and follow the procedure. All the applicants who got issued will receive the share in their demat account on the date of listing, i.e November 15. The rest, who didn’t get the allotment, will receive their <keyword id="12505045" type="General" weightage="20" keywordseo="ipo-refund" source="Orion">IPO refund</keyword> on/before the end date of mandate. The investors are usually intimated about the allotment status through SMS on their registered mobile number. Every applicant gets a message when shares are blocked and unblocked in their bank account. If the funds are blocked that means the IPO is allotted The investor would have mandated the IPO payment through their UPI ID. This transaction would have a validity period. The IPO amount which is blocked in an investor account usually gets unblocked one day later the IPO allotment or before the end of the validity period. Here is the screenshot of an IPO mandate after the transaction is made through the UPI ID that has the validity period of the IPO. <div type="image" title="Missed Sigachi Industries’ IPO allotment? Here’s how to check refund" msid="87627743" hostid="261"></div> SEE ALSO <a href="https://www.businessinsider.in/business/news/falguni-nayars-net-worth-surges-to-6-5-billion-after-nykaas-successful-ipo/articleshow/87622775.cms" data-type="tilCustomLink">Falguni Nayar’s net worth surges to $6.5 billion after Nykaa’s successful IPO</a> <a href="https://www.businessinsider.in/business/startups/news/paytm-ipo-subscription-day-2/articleshow/87608830.cms">Half of Paytm’s shares have been subscribed so far — today is the last day to subscribe</a> <a href="https://www.businessinsider.in/science/news/nasa-is-pushing-its-human-moon-landing-back-to-2025-and-its-top-official-worries-china-will-beat-the-us-there/articleshow/87616430.cms">NASA is pushing its human moon landing back to 2025, and its top official worries China will beat the US there</a>

Missed Sigachi Industries’ IPO allotment? Here’s how to check refund

The <keyword id="6355302" type="General" weightage="20" keywordseo="rupee" source="Orion">rupee</keyword> appreciated 9 paise to 82.69 against the US dollar in early trade on Tuesday, as crude oil price retreated from its elevated levels. Forex traders said sustained foreign fund outflows weighed on investor sentiments and restricted the appreciation bias. At the interbank foreign exchange, the domestic unit opened at 82.69 against the dollar, registering a rise of 9 paise over its previous close. On Monday, the rupee declined 17 paise to close at 82.78 against the US dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.03 per cent to 103.55. Brent crude futures, the global oil benchmark, declined 0.30 per cent to USD 85.65 per barrel. "India December Manufacturing PMI came in at 57.8 against 55.7 in November. This shows that economy is still resilient as has also been evident from other high frequency indicators such as car sales and core sector data," IFA Global Research Academy said in a research note. The rupee is likely to trade in a 82.55-82.85 range with sideways price action, it added. In the domestic equity market, the 30-share BSE Sensex was trading 24.82 points or 0.04 per cent lower at 61,142.97. The broader NSE Nifty fell 5.25 points or 0.03 per cent to 18,192.20. <keyword id="6438315" type="General" weightage="20" keywordseo="Foreign-Institutional-Investors" source="Orion">Foreign Institutional Investors</keyword> (FIIs) were net sellers in the capital markets on Monday as they offloaded shares worth Rs 212.57 crore, according to exchange data. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/auto/news/december-auto-sales-fall-below-expectations-even-as-tata-motors-mm-post-strong-growth/articleshow/96686550.cms">December auto sales fall below expectations even as Tata Motors, M&amp;M post strong growth</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/from-sah-polymers-to-chaman-metallics-four-ipos-that-will-raise-almost-110-crore-this-week/articleshow/96680142.cms">From Sah Polymers to Chaman Metallics – Four IPOs that will raise almost ₹110 crore this week</a>

Rupee gains 9 paise to 82.69 against US dollar

Delhiites guzzled over one crore bottles of liquor worth more than Rs 218 crore during week-long celebrations and partying spanning Christmas eve to New Year eve, officials said. The highest liquor sale, of 20.30 lakh bottles, was reported in the national capital on December 31, the New Year Eve. The city gulped down liquor worth Rs 45.28 crore on the day welcoming the new year, a senior <keyword id="6382936" type="General" weightage="20" keywordseo="Excise-Department" source="Orion">Excise department</keyword> official said on Monday. A record 1.10 crore bottles of liquor of different types, mostly whiskies, were sold in Delhi during December 24-31. The sold volume of liquor was worth Rs 218 crore, he said. Official figures showed December 2022 recorded an average sale of 13.8 lakh liquor bottles in Delhi, the best year-end sale in the last three years. The Delhi government earned a revenue of Rs 560 crore from liquor -- excise duty and value added tax -- in December 2022, data showed. The sale of liquor in Delhi during December month was 12.55 lakh bottles in 2019, 12.95 lakh in 2020 and 12.52 lakh in 2021 and 13.77 lakh in 2022. Presently, liquor is being sold in the city through around 550 liquor vends run by four Delhi government undertakings. It is also available at bars in more than 900 hotels, pubs and restaurants across the city. The Excise Department ended 2022 on a high note with a record sale, though the year posed many challenges for it including a CBI probe into implementation of Excise Policy 2021-22 that was scrapped by the government. The festival season, also including liquor sale on Diwali, yielded good returns in the form of excise revenue to the department. During Diwali in October 2022, over 48 lakh bottles worth over Rs 100 crore were sold in Delhi. As per the Excise Department data, 14.7 lakh bottles worth Rs 28.8 crore were sold in the city on December 24, 2022. December 27 recorded the least number of liquor bottles sold in Delhi during the recent season with little less than 11 lakh bottles worth Rs 19.3 crore purchased by consumers. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/auto/news/december-auto-sales-fall-below-expectations-even-as-tata-motors-mm-post-strong-growth/articleshow/96686550.cms">December auto sales fall below expectations even as Tata Motors, M&amp;M post strong growth</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/from-sah-polymers-to-chaman-metallics-four-ipos-that-will-raise-almost-110-crore-this-week/articleshow/96680142.cms">From Sah Polymers to Chaman Metallics – Four IPOs that will raise almost ₹110 crore this week</a>

Delhiites guzzle over 1 crore liquor bottles worth ₹218 crore from Dec 24-31

The <keyword id="6355302" type="General" weightage="20" keywordseo="rupee" source="Orion">rupee</keyword> started the New Year on a muted note, declining 14 paise to close at 82.75 (provisional) against the US dollar on Monday as rising <keyword id="102132" type="General" weightage="20" keywordseo="crude-oil-prices" source="Orion">crude oil prices</keyword> and sustained foreign fund outflows weighed on investor sentiment. Forex traders said the support from firm domestic equities and weak American currency was negated by the gains in crude oil prices and sustained foreign fund outflows. At the interbank foreign exchange market, the rupee opened lower at 82.66 against the greenback and witnessed an intra-day high of 82.56 and a low of 82.78. It finally settled at 82.75, down 14 paise over its previous close. On the last trading day of 2022, the rupee had settled at 82.61. "The Indian rupee started the first trading day of the new year with a small loss as many markets remained closed on account of the New year Holiday. "The rupee was unable to hold the morning gains in absence of inflows. The thin trading volumes, stronger domestic equities and better-than-expected PMI readings were falling short to support the rupee," said Dilip Parmar, Research Analyst, HDFC Securities. The near-term focus will remain on the Federal Open Market Committee (FOMC) meeting minutes, scheduled to be released on Wednesday. "Spot USD-INR is still stuck in a three-week range of 82.50 to 82.95. We believe the said range could be resolved by the weekend as liquidity returns with traders coming back to their desks after the New Year holiday," Parmar added. The <keyword id="75201" type="General" weightage="20" keywordseo="dollar-index" source="Orion">dollar index</keyword>, which gauges the greenback's strength against a basket of six currencies, was trading 0.30 per cent lower at 103.52. Global oil benchmark Brent crude futures rose 2.94 per cent to USD 85.91 per barrel. The 30-share BSE Sensex ended 327.05 points or 0.54 per cent higher at 61,167.79, while the broader NSE Nifty climbed 92.15 points or 0.51 per cent to 18,197.45. <keyword id="6438315" type="General" weightage="20" keywordseo="Foreign-institutional-investors" source="Orion">Foreign institutional investors</keyword> (FIIs) remained net sellers in the capital market on Friday, as they offloaded shares worth Rs 2,950.89 crore, as per stock exchange data. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/from-sah-polymers-to-chaman-metallics-four-ipos-that-will-raise-almost-110-crore-this-week/articleshow/96680142.cms">From Sah Polymers to Chaman Metallics – Four IPOs that will raise almost ₹110 crore this week</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/incred-capital-acquires-alternate-asset-advisory-firm-orowealth/articleshow/96678261.cms">InCred Capital acquires alternate asset advisory firm Orowealth</a>

Rupee falls 14 paise to close at 82.75 against US dollar

Mining conglomerate <keyword id="19919721" type="General" weightage="20" keywordseo="Vedanta" source="keywords">Vedanta</keyword> Ltd on Tuesday reported 36.5 per cent rise in consolidated net profit at Rs 3,606 crore for June quarter FY25 due to improved margins and robust cost reduction across all operations. The company had posted a net profit of Rs 2,640 crore in the year-ago period. Income rose to Rs 36,698 crore over Rs 34,279 crore in the year-ago period, according to an exchange filing. Vedanta said in a statement that the proposed demerger of its businesses is on track and it has already filed the demerger scheme with NCLT after getting a nod from secured creditors. The company said that its board has approved a capex investment of USD 270 million for its oil and gas business. "The strategic priority for the Cairn Oil &amp; Gas business is to augment reserves and increase near term volume through infill wells and enhanced oil recovery. In order to deliver this, the Board has approved capex investment (net) of USD 270 million across fields in the Rajasthan block for drilling wells and construction of surface facility for ASP ( Alkaline Surfactant Polymer) injection," the company said in a separate filing. Vedanta Executive Director Arun Misra said that the company has delivered a strong start to the year, with exceptional EBITDA improvement of 47 per cent and PAT improvement by 54 per cent year-over-year on the back of improved margins, and robust cost reduction across all operations. "Our aluminium and zinc divisions continue to outperform industry benchmarks, consistently ranking in the top quartiles and deciles of the global cost curve. These achievements are a direct result of our strategic focus on cost, as reflected in a 20 per cent year-over-year reduction in overall cost," he said. The company's growth projects are well on track and it remains committed to commission the majority of these projects in FY25. "Moving ahead, our focus on operational efficiency, sustained expansion, and ESG excellence will guide our journey. With this dedication, we are confident in our ability to create substantial shareholder value in the year ahead," he added. Last month, the mining conglomerate raised Rs 8,500 crore (over USD 1 billion) through Qualified Institutions Placement (QIP) of 19.31 crore equity shares at an issue price of Rs 440 per share. Company's CFO Ajay Goel said, "The overwhelming response to the Vedanta's... QIP...underscores investors' huge confidence. The proceeds from the QIP will be further instrumental in deleveraging the balance sheet and reduction of finance costs. We have received all the requisite approvals and have filed the demerger scheme with the National Company Law Tribunal (NCLT) taking our demerger a step closer to reality." The company's gross debt stood at Rs 78,016 crore as on June 30, 2024. Vedanta Ltd, a subsidiary of Vedanta Resources Ltd, is one of the world's leading natural resources companies spanning across India, South Africa, Namibia, Liberia, the UAE, Korea, Taiwan and Japan with significant operations in oil and gas, zinc, lead, silver, copper, iron ore, steel, nickel, aluminium, power and glass substrate. SEE ALSO:<a href="https://www.businessinsider.in/stock-market/webstories/unicommerce-esolutions-ipo-price-band-to-risk-factors-all-you-need-to-know/slidelist/112307438.cms" target="_blank"></a> <a href="https://www.businessinsider.in/stock-market/webstories/unicommerce-esolutions-ipo-price-band-to-risk-factors-all-you-need-to-know/slidelist/112307438.cms" target="_blank">Unicommerce eSolutions IPO – Price band to risk factors, all you need to know</a> <a href="https://www.businessinsider.in/business/auto/news/electric-two-wheeler-sales-cross-the-1-lakh-mark-after-four-months-ola-electric-leads-the-market/articleshow/112288793.cms" target="_blank"></a> <a href="https://www.businessinsider.in/business/auto/news/electric-two-wheeler-sales-cross-the-1-lakh-mark-after-four-months-ola-electric-leads-the-market/articleshow/112288793.cms" target="_blank">Electric two-wheeler sales cross the 1 lakh mark after four months, Ola Electric leads the market</a> <a href="https://www.businessinsider.in/sports/news/neeraj-chopras-paris-olympics-journey-to-begin-with-qualification-round-today-top-rivals-to-look-out-for/articleshow/112311760.cms">Neeraj Chopra qualifies for finals with a first throw of 89.34m – top rivals to look out for</a>

Vedanta Q1 profit surges 37% to ₹3,606 crore on improved margins

Sebi on Monday ordered the attachment of bank and demat accounts of <keyword id="31906" type="General" weightage="50" keywordseo="sahara-group" source="Orion">Sahara Group</keyword> firm, its chief <keyword id="31933" type="General" weightage="100" keywordseo="subrata-roy" source="Orion">Subrata Roy</keyword> and others to recover Rs 6.42 crore for violating regulatory norms in the issuance of optionally fully convertible debentures (OFCDs). The recovery proceedings against five entities -- <keyword id="486078" type="General" weightage="50" keywordseo="sahara-india-real-estate-corporation" source="Orion">Sahara India Real Estate Corporation</keyword> (now known as Sahara Commodity Services Corporation), Subrata Roy, <keyword id="1595961" type="General" weightage="80" keywordseo="ashok-roy-choudhary" source="Orion">Ashok Roy Choudhary</keyword>, Ravi Shanker <keyword id="20551" type="General" weightage="80" keywordseo="dubey" source="Orion">Dubey</keyword> and Vandana <keyword id="15888278" type="General" weightage="80" keywordseo="bharrgava" source="Orion">Bharrgava</keyword> -- for Rs 6.42 crore, includes interest, all costs, charges and expenses, the Securities and Exchange Board of India (Sebi) said in the attachment order. In its notice, Sebi asked all banks, depositories and mutual funds not to allow any debit from accounts of Sahara India Real Estate Corp, Subrata Roy, Ashok Roy Choudhary, Dubey and Bharrgava. However, credits have been permitted. Further, the market watchdog has directed all banks to attach all accounts, including lockers, of the defaulters. The regulator, in its order in June, levied a fine totalling Rs 6 crore on Sahara India Real Estate Corp, Subrata Roy, Ashok Roy Choudhary, Dubey and Bharrgava. The case relates to the issuance of OFCDs by Sahara India Real Estate Corporation and Sahara Housing Investment Corporation during 2008-09. They raised money through the public issue of securities by issuing OFCDs without following the various procedures intended to protect the interest of the investors, in respect of public issues, prescribed under the norms, as per Sebi order. According to Sebi, the subscription towards the OFCDs was solicited by the two companies from the general public throughout the country, without adequately informing them about the risks involved in the instruments. The issuance was allegedly done in contravention of the provisions of the Sebi's ICDR (Issue of Capital and Disclosure Requirements) Regulations and PFUTP (Prohibition of Fraudulent and Unfair Trade Practices). SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/capital-intensive-cyclical-and-value-stocks-to-continue-their-outperformance/articleshow/95659482.cms">Capital-intensive, cyclical and value stocks to continue their outperformance</a> <a href="https://www.businessinsider.in/thelife/personalities/news/top-five-billionaires-in-2022-elon-musk-gautam-adani-and-bill-gates/articleshow/96509847.cms">After a round of musical chairs, Musk, Gates and Adani are among 2022’s top 5 billionaires</a> <a href="https://www.businessinsider.in/stock-market/news/sah-polymers-ipo-to-open-on-dec-30-price-band-set-at-61-65-a-share/articleshow/96514593.cms">Sah Polymers IPO to open on Dec 30, price band set at ₹61-65 a share</a>

SEBI orders attachment of bank, demat accounts of Sahara group firm, Subrata Roy and others

<ul><li>The <keyword id="6484188" type="General" weightage="20" keywordseo="sensex" source="Orion">Sensex</keyword> closed at 60,566, gaining 721 points, while the <keyword id="2931774" type="General" weightage="20" keywordseo="nifty50" source="Orion">Nifty50</keyword> topped 18,000 level to close at 18,014, up 207 points.</li><li>Barring pharmaceuticals and healthcare indices, all other sectors closed higher with the Nifty PSU Bank index registering the highest gains at 7.29%.</li><li>On the Nifty50 index, IndusInd Bank and SBI were the top gainers with an increase of over 4% each.</li><li>Three out of the top five losers on the Nifty50 were from the pharma sector, while the other two were from the FMCG segment. </li></ul>Indian benchmark indices on Monday shrugged off Covid and recessionary concerns to breach key psychological levels in a post-Christmas rally that brought some cheer to investors. The rally was supported by gains in banking stocks – especially the <keyword id="6369970" type="General" weightage="20" keywordseo="psu-banks" source="Orion">PSU Banks</keyword> index that raced past all other indices – besides realty and metal stocks. The 30-stock Sensex closed above the 60,000 psychological mark at 60,566, gaining 721 points while the 50-stock Nifty50 topped the crucial 18,000 level to close at 18,014, up 207 points. “Nifty recovered on December 26 after a three-day losing streak. Holidays in most global equity markets gave a chance to traders to ramp up stock values in India amidst low volumes. Broad market indices rose more than Nifty50 while the advance decline ratio jumped to 5.43:1. Defensive stocks underperformed while cyclicals bounced up smartly,” said Deepak Jasani, head of retail research at HDFC Securities. Overall, the volume on the benchmark Nifty50 index on Monday stood at 353.3 million. Barring the pharmaceuticals and healthcare indices, all other sectors closed higher, with the Nifty PSU Bank index closing with the highest gains of 7.29%. While the Nifty Media index was up 2.85%, the Private Bank index rose 2.44% and the Realty index gained 2.43%. The wider bank index was up 2.31% while the Metal index ended up 2.19%. Meanwhile, the Asian markets also closed higher with China’s Shanghai SE Composite and Nikkei 225 gaining 0.65% each, South Korea’s KOSPI up 0.15% and Taiwan SE Weighted Index rising 0.095%. Hong Kong and the US markets were closed on account of Christmas holidays. <div type="image" title="sectoral-indices-18" msid="96520741" hostid="261" sizebytes="47180"></div> Since this is the last week of the year, which coincides with the holiday season across the world, analysts believe the markets are likely to be flat to slightly higher. “After a sharp fall of 3% in the Nifty50 over the last three trading sessions, value- based buying emerged at lower levels. In the absence of any major global events due to year-end holidays, we expect the market to remain sideways to positive based on news flows,” said Siddhartha Khemka, head - retail research at Motilal Oswal Financial Services. Banks, auto, capital goods and defence sectors are likely to do well in the near term, he added. Brent crude oil prices rose to $84.5 per barrel, from $82.1 at market close on Friday. The Rupee appreciated 21 paise against the US dollar to close at 82.65. On the Nifty50 index, IndusInd Bank and SBI were the top gainers with an increase of over 4%, followed by Hindalco Industries (3.12%), Tata Steel (2.69%), and Coal India (2.69%). Three out of the top five losers were from the pharma sector, while the other two were from the FMCG segment. Here are top moving stocks in the Nifty500 index <div type="image" title="daily-profit-loss-18" msid="96520766" hostid="261" sizebytes="53670"></div> Easy Trip Planners rockets 20% after company announces referral scheme Among major movers, shares of Easy Trip Planners (EaseMyTrip) rallied nearly 20% after the company announced a referral scheme for its shareholders, wherein shareholders can get cash backs on flights, hotels, holidays, buses and train bookings on referring the site to others. The online travel company said that shareholders would need to be at least 15-day-old members of the company to utilise the offer on EaseMyTrip mobile app. Foreign institutional investors (FII) were net sellers on Monday pulling out ₹498 crore while domestic institutional investors (DII) bought ₹1,286 crore. SEE ALSO: <a href="https://www.businessinsider.in/thelife/personalities/news/top-five-billionaires-in-2022-elon-musk-gautam-adani-and-bill-gates/articleshow/96509847.cms">After a round of musical chairs, Musk, Gates and Adani are among 2022’s top 5 billionaires</a> <a href="https://www.businessinsider.in/stock-market/news/sah-polymers-ipo-to-open-on-dec-30-price-band-set-at-61-65-a-share/articleshow/96514593.cms">Sah Polymers IPO to open on Dec 30, price band set at ₹61-65 a share</a> <a href="https://www.businessinsider.in/stock-market/news/kfin-technologies-ipo-how-to-check-allotment-status-online/articleshow/96507782.cms">KFin Technologies IPO: Here’s how to check allotment status online</a>

Sensex tops 60,000 points while Nifty50 reclaims 18,000 powered by banks, realty and metal stocks

<ul><li><keyword id="44530" type="General" weightage="80" keywordseo="psu" source="Orion">PSU</keyword>s have staged a comeback in 2022 after a decade of underwhelming performance, powered by PSU banks.</li><li>The <keyword id="4668838" type="General" weightage="80" keywordseo="PSU-bank-index" source="Orion">PSU bank index</keyword> is up over 61% in 2022 so far, making it the best sectoral index this year.</li><li>However, analysts suggest there’s more juice left going forward, and the BFSI sector is expected to drive the bottomline of PSUs.</li></ul>After a decade of underwhelming performance, public sector undertakings (PSUs) have staged a comeback in 2022, thanks largely to a robust recovery in banks – which had seen muted earnings due to the non-performing asset (NPA) crisis and a subsequent clean up. For context, the <keyword id="6354813" type="General" weightage="50" keywordseo="nifty" source="Orion">Nifty</keyword>50 index has gained 205% in the last 10 years, while the Nifty PSE index has gained only 49%. However, the year 2022 has proved to be a boon for PSUs with PSU banks reporting an accelerated improvement in their bad loan ratios, while credit growth touched 20% in Q2 FY23, up from 3% in Q1 FY22. “A large part of the FY12-22 decade was spent in cleaning up the balance sheets of Financials (sector), which took its toll on the overall PSU profits as PSU banks formed one-third of the profit pool of Indian PSUs. This, coupled with several other macro disruptions, kept the PSU profit pool suppressed over FY12-20,” said a report by <keyword id="46252" type="General" weightage="50" keywordseo="motilal-oswal" source="Orion">Motilal Oswal</keyword>. According to the brokerage, most of the PSU companies are in sectors that are heavily cyclical in nature – these include oil &amp; gas, metals, and financial services. However, given the dominance of financial services companies, or banks, the overall performance of PSUs mirrored the peaks and troughs of the banking sector. <cmsannotation type="cmsannotation" annotationid="PSU banks help boost PSU performance" comment="subhead" text="PSU banks help boost PSU performance">PSU banks help boost PSU performance</cmsannotation> The positive improvements in PSU banks’ performance have also had an impact on the Nifty PSE (public sector enterprise) index, helping it beat the benchmark Nifty50 index handily in 2022 so far – while the Nifty PSE index has gained 10.7% in 2022 till date, the Nifty50 index has lagged far behind with returns of just 2.5%. Interestingly, both the indices were close to their 52-week lows in June when the markets crashed. A big boost to the PSU index has come from PSU banks – the 13-stock Nifty PSU Bank index has gained over 61% in 2022 so far, making it the<a href="https://www.businessinsider.in/stock-market/news/best-and-worst-performing-sectoral-indices-of-nifty-in-2022/articleshow/96448669.cms"> best sectoral index on the NSE</a> this year. Notably, all the 13 stocks in the PSU Bank index have gained this year, with six of them posting gains of 60% or more in this period. <cmsannotation type="cmsannotation" annotationid="PSU banks’ valuations still ‘reasonable’ – more juice left" comment="subhead" text="PSU banks’ valuations still ‘reasonable’ – more juice left">PSU banks’ valuations still ‘reasonable’ – more juice left</cmsannotation> Despite the strong rally in stocks of PSU banks, a report by ICICI Direct states that the valuations of PSU banks are still “reasonable”, suggesting that there’s more juice left going forward. “Post the phase of significantly higher gross non-performing assets (GNPA), treasury mark-to-market (MTM) losses, lower capital and sub-par growth, there has been a turnaround with comfort on asset quality; reversal of treasury losses, credit growth pick-up and just adequate capital position for most of them. Despite the decent rally, valuation still looks reasonable for PSU banks,” said the ICICI Direct report. For context, PSU banks’ price-to-earnings ratio (PE) currently stands at 9.9, while for the overall Nifty Bank index it is 17.4 and for the broader Nifty50, it is 21.4. The Nifty PSE index has a PE ratio of 7.9. According to Motilal Oswal, the BFSI (banking, financial sector and insurance) sector will once again lead PSU growth – the brokerage estimates that it will contribute to 118% of the incremental profits of the PSU universe. <cmsannotation type="cmsannotation" annotationid="Healthy growth outlook for PSUs, says Motilal Oswal" comment="subhead" text="Healthy growth outlook for PSUs, says Motilal Oswal">Healthy growth outlook for PSUs, says Motilal Oswal</cmsannotation> Analysts at Motilal Oswal expect a healthy outlook for the public sector companies in the next two financial years. “We estimate an FY22-24 PAT (profit after tax) CAGR (compounded annual growth rate) of 8% for the <keyword id="109426" type="General" weightage="100" keywordseo="PSU-stocks" source="Orion">PSU stocks</keyword> having consensus estimates,” said a report by Motilal Oswal. Majority of the earnings growth contribution comes from BFSI, capital goods and utilities, while conversely metals and oil &amp; gas are likely to drag down the momentum. “BFSI will lead the earnings CAGR with 28%, followed by Capital Goods (+11%), and Utilities (+9%). On the other hand, Metals (-31%), and O&amp;G (-5%) would report an earnings decline over FY22-24E,” said the report. This also aligns with the analysis of ICICI Securities, which said in a <a href="https://www.businessinsider.in/stock-market/news/capital-intensive-cyclical-and-value-stocks-to-continue-their-outperformance/articleshow/95659482.cms">previous report</a> that cyclical, capital-intensive and value stocks have outperformed since FY21. These stocks reversed the trend observed between FY12 to FY20, when stocks which were either expensive or less volatile had outperformed others in the market. “The above trend is the longest period of outperformance seen from the aforementioned factors since the peak of the investment and credit cycle in India in 2011-12,” said the ICICI Securities report. The report further added that this is not a false beta rally since the cyclical, capital-intensive and value stocks have continued to outperform despite the aggressive quantitative tightening cycle and interest rate hikes by the US Fed. Thus, with banks having got their act together and looking set to power through another year of growth and analysts expecting strong momentum in key sectors like capital goods and utilities, the PSU sector looks set for another year of outperformance in 2023. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/capital-intensive-cyclical-and-value-stocks-to-continue-their-outperformance/articleshow/95659482.cms">Capital-intensive, cyclical and value stocks to continue their outperformance</a> <a href="https://www.businessinsider.in/thelife/personalities/news/top-five-billionaires-in-2022-elon-musk-gautam-adani-and-bill-gates/articleshow/96509847.cms">After a round of musical chairs, Musk, Gates and Adani are among 2022’s top 5 billionaires</a> <a href="https://www.businessinsider.in/stock-market/news/sah-polymers-ipo-to-open-on-dec-30-price-band-set-at-61-65-a-share/articleshow/96514593.cms">Sah Polymers IPO to open on Dec 30, price band set at ₹61-65 a share</a>

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IPOs opening on November 1: SJS Enterprises and chemical maker Sigachi industries

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Here’s how to check Sigachi Industries IPO allotment status, listing date and more

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Sigachi Industries IPO — Grey market premium rises to ₹160, here’s what analysts are saying about it

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Missed Sigachi Industries’ IPO allotment? Here’s how to check refund

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Rupee gains 9 paise to 82.69 against US dollar

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Delhiites guzzle over 1 crore liquor bottles worth ₹218 crore from Dec 24-31

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Rupee falls 14 paise to close at 82.75 against US dollar

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Vedanta Q1 profit surges 37% to ₹3,606 crore on improved margins

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SEBI orders attachment of bank, demat accounts of Sahara group firm, Subrata Roy and others

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Sensex tops 60,000 points while Nifty50 reclaims 18,000 powered by banks, realty and metal stocks

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Public sector enterprises stage a comeback in 2022 thanks to PSU banks – the future looks healthy, say analysts

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