The News Caravan

Tag: BSE

  • Ashish Kacholia-owned Aeroflex Industries shares list with 83% premium at ₹197.40 apiece on BSE

    Ashish Kacholia-owned Aeroflex Industries shares list with 83% premium at ₹197.40 apiece on BSE

    Aeroflex Industries, the flagship company of renowned Indian investor Ashish Kacholia, made its debut on the Bombay Stock Exchange (BSE) today, garnering substantial investor attention as its shares listed at an impressive 83% premium.

    Investors eagerly awaited the listing of Aeroflex Industries, a precision engineering firm specializing in aerospace and defense components. The shares, which were issued at an offer price of ₹108 per share, opened at ₹197.40 apiece on the BSE, marking an extraordinary surge in value.

    Aeroflex Industries’ strong listing performance underscores the market’s confidence in the company’s growth prospects and the reputation of Ashish Kacholia, a prominent name in India’s investment landscape. Kacholia, who owns a significant stake in the company, is known for his astute investment choices in the Indian stock market.

    Analysts attribute the premium listing to several factors, including the company’s robust financial performance, its focus on cutting-edge technology, and the increasing demand for aerospace and defense-related products.

    In a statement, Ashish Kacholia expressed his satisfaction with the listing performance, saying, “We are pleased with the market’s response to Aeroflex Industries’ listing. It reflects the trust investors have in the company’s capabilities and growth trajectory. We remain committed to delivering value to our shareholders.”

    Aeroflex Industries, headquartered in Mumbai, operates in a niche sector, providing critical components to aerospace and defense organizations globally. The company’s strong focus on research and development, coupled with its commitment to quality, has positioned it as a reliable player in the industry.

    Market experts anticipate that the company’s listing will encourage further investments in the aerospace and defense sector, which has witnessed significant growth in recent years, driven by government initiatives and increasing geopolitical tensions.

    The premium listing of Aeroflex Industries adds to the excitement in the Indian stock market, which has seen a flurry of new listings and investor interest in recent months. This listing underscores the attractiveness of India as an investment destination and the resilience of the country’s corporate sector.

    Aeroflex Industries’ shares will trade under the symbol “AEROFLEX” on the BSE. As the company embarks on its journey as a publicly traded entity, it will be closely watched by investors and analysts alike, eager to see how it capitalizes on its strong listing performance and contributes to the growth of India’s aerospace and defense sector.

  • NSE, BSE put 3 Adani Group companies under short-term additional surveillance measure

    NSE, BSE put 3 Adani Group companies under short-term additional surveillance measure

    [ad_1]

    New Delhi: As many as three Adani group companies, including Adani Enterprises, have come under short-term additional surveillance measure (ASM) framework of the BSE and NSE, according to the latest data available with the exchanges on Thursday.

    Apart from Adani Enterprises, the other two firms listed by the exchanges are — Adani Ports and Special Economic Zone and Ambuja Cements.

    The parameters for shortlisting securities under ASM include high-low variation, client concentration, number of price band hits, close-to-close price variation and price-earning ratio.

    The National Stock Exchange (NSE) and BSE said these companies have satisfied the criteria for inclusion in short-term additional surveillance measure or ASM.

    Under the short-term ASM, the exchanges said, “applicable rate of margin shall be 50 per cent or existing margin whichever is higher, subject to maximum rate of margin capped at 100 per cent, with effect from February 6, 2023 on all open positions as on February 3, 2023 and new positions created from February 6, 2023”.

    Market experts believe that putting in this framework means intra-day trading would require 100 per cent upfront margin.

    The exchanges also noted that the shortlisting of securities under ASM is purely on account of market surveillance, and it should not be construed as an adverse action against the concerned company or entity.

    Meanwhile, shares of Adani Enterprises tumbled over 26 per cent on Thursday, a day after the firm said it has decided not to go ahead with its Rs 20,000-crore Follow-on Public Offer (FPO) and will return the proceeds to investors. The counter had plunged more than 28 per cent on Wednesday.

    Most of the other group firms also declined for the sixth day in a row on Thursday and 10 listed Adani Group firms have faced a combined erosion of over Rs 8.76 lakh crore in past six days.

    Adani Group stocks have taken a beating on the bourses after US-based Hindenburg Research made a litany of allegations in a report, including fraudulent transactions and share price manipulation at the Gautam Adani-led group. Adani Group has dismissed the charges as lies, saying it complies with all laws and disclosure requirements.

    [ad_2]
    #NSE #BSE #put #Adani #Group #companies #shortterm #additional #surveillance #measure

    ( With inputs from www.siasat.com )