Tag: Stock

Ujjivan Financial files prospectus for small finance bank IPO, stock plunges 8%

Loknath Das

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 percent lower at Rs 271.7 compared with 0.63 percent (236 points) gain in BSE Sensex at 37,586. USFB plans to launch an initial public offering (IPO) at a face value…

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Apple CEO Tim Cook Poised to Reap $120 Million of Stock After Rally

Loknath Das

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 stands to receive 280,000 shares tied to his continued service as chief executive officer. He’ll get as many as 280,000 additional shares if Apple’s stock-market return over the preceding three…

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Shall I buy the HDFC AMC stock or mutual fund?

Loknath Das

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 is to offer its investment management service to investors—both retail and institutional. It’s performance track record as an asset manager is mixed. For example, investors into the best equity scheme over a…

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Shriram Transport Finance stock up 9% post-clarification on SVL loan matter

Loknath Das

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 promoters / promoter group, and its associates, have enough resources to honour the payment of this loan whenever due and payable has reassured the same. The company had given corporate…

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A Tiny Technology Stock Ready To Explode On The Upside

Loknath Das

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 and Qualcomm are in different segments of the technology industry. Universal is a developer and manufacturer of organic light-emitting diode technologies and materials. It also provides services to the display and lighting industries.…

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