Markets

Reality check: Dividend yield stocks don’t beat markets

  Income flow from consistent dividends make dividend yield stocks popular with investors. However, these stocks underperform the markets even when considered on a total return basis, shows an analysis. While dividends may be attractive, what should matter to an investor is the total return of a stock. Total return captures the return for a […]

Markets

India Pesticides IPO subscribed 29 times

The ₹800-crore initial public offering of India Pesticides has been subscribed 29 times on the last day. The IPO has received bids of 56.07 crore shares against the offered 1.93 crore shares, according to data available with the stock exchanges. The company has fixed the issue price as ₹290-296. The portion reserved for retail investors […]

Markets

BSE Institute inks MOU with GIFT City for training in finance and capital markets

BSE Limited’s financial services training arm, BSE Institute Limited, has signed a memorandum of understanding (MoU) with GIFT SEZ Ltd. to offer courses in finance and capital markets. GIFT SEZ houses India’s first International Financial Services Centre (IFSC). Under the MOU, BSE Institute will develop, launch and conduct programs related to International Financial Services Centre […]

Markets

India Pesticides raises Rs 240 crore from 12 anchor investors

Lucknow-based India Pesticides Ltd, an agro-chemical manufacturer of technicals, has raised Rs 240 crore from 12 anchor investors at Rs. 296 a share. The company allotted 81.08 lakh shares to the anchor investors. Abu Dhabi Investment Authority, Wells Fargo, Plutus, Millenium, Tara and BNP Paribas were the six foreign portfolio investors, who were allocated a […]

Markets

FPIs increase exposure in banking and financial stocks

  Foreign portfolio investors (FPIs) have increased their exposure in banking and financial stocks in the 30 days between May 16 and June 15 after being net sellers in the sector since the beginning of the current fiscal. According to the latest data available with depositories, foreign investors have pumped in ₹10,806 crore in the […]