Category Archives: Business

5Paisa Capital Becomes India’s First Listed Online Broking Firm

5Paisa Capital Ltd. is the first online broking firm to debut on India’s bourses. But that’s not the only reason it grabbed attention on its debut day. Oddly, the company’s shares listed at vastly different prices on the two stock … Continue reading

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Hold Lupin; target of Rs 1050: Sharekhan

Lupin Limited (Lupin) reported a 7.9% decline in its total sales (including operating income) to Rs. 3, 952 crore (lower than our expectation of Rs. 4, 167 crore) for 2QFY2018. Operating profit declined by 17% to Rs. 853.1 crore (marginally … Continue reading

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Reliance Nippon AMC IPO subscribed 81 times on last day

Country’s first-ever mutual fund IPO by Reliance Nippon Asset Management Company (AMC) was lapped up by investors. The 43-million share offering saw 81 times more demand, with bids for 3,485 million shares, worth Rs 87,830 crore. The Rs 1,540-crore offering … Continue reading

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