Shares of Ujjivan Financial Services fell nearly 8 percent on Monday after the company filed a draft red herring prospectus with the Securities and Exchange Board of India (Sebi) to list its subsidiary Ujjivan Small Finance Bank (USFB). The stock fell as much as 7.8 percent to Rs 261.70 per share on BSE. At 9:25 am, the stock was trading 4.4 …

HIGHLIGHTS Tim Cook stands to receive 280,000 shares on Friday Cook has donated 23,215 of his current Apple shares Apple has became the first US-based company to reach $1 trillion Apple’s Tim Cook is set to collect stock worth about $120 million (roughly Rs. 840 crores) this week thanks to a run-up in shares of the iPhone maker. On Friday, Cook …

HDFC AMC shares listed on Monday and ended the day with gains of 65%. Photo: HT The HDFC Asset Management Co. Ltd stock closed 65% up on the first day of listing over its IPO price of ₹1,100 per share. Investors who sold on day one, saw ₹1 lakh investment turn to about ₹1.65 lakh over a 10-day period. HDFC AMC’s business …

Shriram Transport Finance Corporation share price rebounded 9 percent after the company’s clarification note on SVL loan soothed investors’ sentiment. The stock had fallen 12 percent in previous session as investors had turned cautious of a guarantee of Rs 870 crore provided by the firm for its unlisted subsidiary. Shriram Transport Finance Corporation issued clarification note yesterday, saying SVL Limited, its …

Investors focusing too much attention on large technology stocks like Apple, Google, and Microsoft have perhaps missed a tiny technology company ready to explode on the upside, Universal Display, as Qualcomm’s stock did back in the 1990s and the early 2000s. Universal Display is up 582% over the last five years. And that may be just the beginning. Universal Display …