Sigachi Industries share price slumps 12% on reports of blast at Telangana plant
A reactor blast took place at Sigachi Pharma Company, Pasamailaram Phase 1, Medak, news agency ANI reported.
Eleven fire tenders have reached the site, and nearly 15-20 people were injured, the report added, quoting Telangana fire officials.
At 12:00 PM, Sigachi Industries share price was trading 11.27% lower at ₹ 48.96 apiece on the BSE.
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Time of India
43 minutes ago
- Time of India
LTIMindtree launches GCC-as-a-Service
LTIMindtree [NSE: LTIM, BSE: 540005], a global technology consulting and digital solutions company today introduced its GCC-as-a-Service . The services cater to organizations that may want to set up GCCs, scale their existing ones to optimize costs and create added value. The catalogue covers a spectrum of Build, Operate, Transform and Transfer services, offering clients the option to pick and choose what they require. GCC-as-a-Service commercials are designed on a per-seat or per service basis to ensure cost optimization and value realization. LTIMindtree 's Talent Solutions, part of our Build Services enables clients efficiently onboard business-ready talent from day one through its in-house AI-powered talent acquisition ecosystem. As a part of Transform Services, the Company provides industry specific offerings; technological solutions and frameworks that lead to acceleration of value realization. Clients will be able to leverage its BlueVerse Agentic AI Ecosystem with industry and function specific agents as well as its AI studios across the world to accelerate their AI journey. Venu Lambu, Chief Executive Officer and Managing Director, LTIMindtree, said, "GCCs are becoming strategic centers for industry-specific transformation and efficiency. LTIMindtree's GCC-as-a-Service helps enterprises build, scale, and evolve their GCCs into global innovation hubs, leveraging our BlueVerse ecosystem to drive next-gen capabilities and gain a competitive edge with scalable, responsible AI." LTIMindtree' s GCC-as-a-Service includes: Build: End-to-end support for setting up entities, ensuring legal and compliance readiness, and building infrastructure in major global cities. Services include operational enablement for finance, accounting, tax, workspace setup, and IT. Operate: Services include transition management, program governance, delivery excellence, and knowledge management. This is further enhanced through LTIMindtree's Talent Engage platform and LTIMindtree Shoshin, an AI-based learning platform for building industry, technology, and soft skills. Transform: Full suite of transformation enablers including industry-specific offerings, technology solutions and frameworks. Clients can also access LTIMindtree's AI studios across the US, Europe, and India. Transfer: Structured transition services covering talent migration, capability handover, change management and knowledge transfer to ensure long-term success and continuity.
Time of India
an hour ago
- Time of India
HDB Listing: Are unlisted shares the new road to high gains? Check this before investing
Academy Empower your mind, elevate your skills Investment into unlisted companies is gaining momentum among investors in India as they intend to gain substantially by the time the listing happens. It has potential to deliver double advantage to investors one, valuation gains before the listing and second the listing premium when the company goes for an IPO.A flurry of initial public offering (IPO) listings is expected this week, with several companies set to debut on the stock exchanges. Among the most anticipated was HDB Financial Services , the non-banking arm of HDFC Bank, which attracted strong investor interest ahead of its listing. Other notable companies hitting the market include Kalpataru Projects and Ellenbarrie Industrial Gases, making it one of the most active weeks for primary markets in recent of HDB Financial Services, a non-banking financial company (NBFC) and subsidiary of HDFC Bank, listed at a premium of 12.84% (up Rs 95) today (July 02,2025), opening at Rs 835 on both the NSE and BSE, against an issue price of Rs 740. The company's IPO issue was subscribed 17.65 times overall, led by Qualified Institutional Buyers (QIBs) who bid 58.6 times their portion. Non-institutional investors subscribed 10.5 times, while retail interest was more muted at 1.5 times. However, has this listing proven to be a good bet by investors who bought the unlisted share of this company much before its listing. Not necessarily, if you were driven by euphoria you may have ended up buying this unlisted company at a steeper price than what was discovered on the day of Navlakhi, Managing Director & CEO of International Money Matters, says, 'In unlisted shares , the FOMO effect results in a very high weightage on sentiment, sometimes ignoring the rest. This has resulted in HDB Financial shares trading at 1200 in the grey market and finding the issue at 740. Retail investors must surely give up investing in unlisted shares - as they cannot stomach the risk of a large fall - there is a reason why this is called grey market -- it's not black, but it's certainly not white.''HDB Financial Services was one of the most liquid scripts in the unlisted market trading in the range of Rs 700-1400 in the last one year before the IPO price band announcement. HDB enjoys its parent company's brand trust and thus, it has been one of the most awaited IPO this year,' says Manish Goel, Founder & MD, Equentis Wealth Advisory Services sentiment has limited role to play as valuation of a company depends largely on its fundamentals. 'We have to understand how shares are valued: Based on profits of companies, how their competitors ar rated, the future of the industry, profit growth in the past and expectations, and sentiment are some of the bases,' says investors of HDB Financial Services, the Rs 740 price band for the company's IPO is 40% lower than the Rs 1,225 levels it was fetching just days ago in the unlisted market. Investors who bought last year at Rs 1,550 will have to face a 52% loss in value before the IPO even gets listed on the Goel adds, 'On the pricing, we are seeing an increasing trend of IPOs being priced at a discount of 25-40% for higher investor participation which largely gets adjusted on the listing day to some extent. It's worth noting that a similar scenario occurred with Waaree Energies late last year where the unlisted price was around Rs 2,500, and the IPO was priced at Rs 1,500 per share, only to list at Rs 2,500 and presently trading higher.'Retail investors showed significant interest in buying pre-IPO shares of HDB Financial Services. However, their response to the company's IPO was lukewarm. 'Many companies pursue pre-IPO sales because they sense that public market demand may not be as exuberant as expected, and they want to lock in valuations while investor sentiment is still warm. HDB Financial's tepid IPO oversubscription (by retail investors) compared to the frenzy in its unlisted shares underscores this dynamic,' says Mohit Bhandari, CEO of Stratzy, a financial technology access offered to investors to buy unlisted shares, has an overpowering impact on their judgement about fair valuation of the company. 'Retail investors often get lured by the illusion of exclusivity in pre-IPO stocks, forgetting that liquidity can remain a chronic problem—just look at Chennai Super Kings shares languishing without an exit or PharmEasy's steep valuation slide after early trades,' says Mohit Bhandari, CEO of Stratzy, a financial technology are now getting more and more cases where such investors of unlisted companies are getting a humbling experience about the gains at the time of IPO which did not turn out the way they had anticipated. 'In case of HDB as well, we saw some resentment around the IPO price band being 30-40% lower than unlisted market price. Though it opened 13.5% up today on listing. We remain of the view that HDB is currently trading near its fair value and to a discount to both its peers Bajaj Finance and CholaFin, which is justified by the difference in customer profile and return metrics,' says further adds, 'In the end, why chase the mirage of low-liquidity pre-IPO bets when there are so many established, regulated companies already listed with transparent price discovery? If you truly want to back early-stage businesses, angel investing might be a more honest path than buying pre-IPO shares from someone trying to de-risk their own exposure. Investors should ask themselves whether they're buying into a promising company or simply providing an exit for someone else. Mohit Bhandari, CEO, Stratzy, a financial technology startup.'Investing in unlisted shares has many pitfalls which investors must factor in. Investing in unlisted shares can be far riskier than it seems at first glance. Narendra Solanki, Head Fundamental Research- Investment Services, Anand Rathi Shares and Stock Brokers underlined the risks of investing in shares of unlisted companies. 'Prices in the unlisted market aren't transparent, they're often driven by sentiment, hype, or insider news, making them prone to manipulation. Liquidity is another big issue; you can't always buy or sell when you want, as these trades usually happen through market intermediaries, not an open exchange. There's also a lack of transparency, with many deals not publicly documented, and a real risk that the person selling you the shares may not deliver them even after receiving payment.'The risks don't end here. 'Valuing unlisted companies is tricky too, especially if there are no listed peers to compare with. On top of that, private firms don't have to follow the same disclosure norms as listed companies, so you may not get regular updates on their financials or business health. There's also the chance that the company may never list, leaving you stuck with shares you can't exit. Your stake could get diluted if the company issues more shares in future rounds. And without any direct regulatory or exchange oversight, there could be other hidden risks that aren't obvious at the time of investing,' says a recent post on X (formerly Twitter), Zerodha founder Nithin Kamath also highlighted the risks of investing in unlisted shares and said that many retail investors buy into these shares based on hype and expected listing gains, often without fully understanding the business or its fundamentals. He also cited the example of HDB Financial Services, whose shares were trading at a premium of nearly ₹1,100 in the unlisted market just a few years ago, far higher than the IPO price of ₹740 per share. This, he said, shows how unlisted shares can be significantly overpriced, leaving investors exposed to potential warned that the unlisted space lacks transparency, has low liquidity, and operates without much regulatory oversight, which makes it riskier than the regular stock market. He urged investors to exercise caution, avoid getting swayed by brand value or social media hype, and conduct proper due diligence before investing in unlisted Wealth Planners Private Limited's MD and Principal Officer Suresh Sadagopan chimes in with his views, 'There is no price discovery mechanism and the unlisted prices can be unrealistically high, resulting in losses on listing. Liquidity is low; one may not be able to sell them. IPO may not come up as expected and if there is lack of liquidity, one can get stuck for long.'Investors often carry unrealistic expectations when entering the unlisted space. 'Investments in unlisted companies are done with the assumption that one will get it cheap and there would be listing gains. But it is not always true like in the case of HDB & Swiggy. What is going to happen in NSE's case will be interesting to watch, with all the hype and excitement around that share, Sadagopan which went public in November 2024, listed at Rs 412 on the BSE at a 7% premium over its IPO price of Rs 390. Following shareholder approval for an IPO in April, the company's stock witnessed significant interest in the unlisted market, resulting in a substantial increase in share prices, as per an Economic Times report. From July to September, its shares surged by nearly 40%, rising from Rs 355 to Rs 490 approximately. However, the shares have had a rough time since the listing, having plummeted by about 39% since then. In 2025 alone, the stock as lost 41% of its Financial Services launched its much-anticipated Rs 12,500-crore IPO from June 25 to June 27. The offer included a fresh issue of Rs 2,500 crore and an offer for sale of Rs 10,000 crore by HDFC Bank, with the price fixed at Rs 740 per share. The IPO drew strong interest across many investor categories, receiving over 42.6 lakh high-profile listings often generate buzz, investors should be cautious when dealing with unlisted shares or grey market premiums. Prices can be volatile, and without regulatory oversight, there's a higher risk of overpaying or falling for speculative hype before the stock actually lists.
Business Standard
2 hours ago
- Business Standard
Barometers end with moderates cuts; Nifty settles below 25,500
The domestic equity benchmarks ended with modest losses today, weighed down by ongoing uncertainty surrounding the India-US trade talks. Investors remained cautious, adopting risk-off approach. Market attention is now gradually shifting towards the upcoming Q1 earnings season, which is expected to provide further cues on corporate performance and economic momentum. Realty, financial services and PSU bank shares declined, while metal, consumer durables and auto shares advanced. As per provisional closing data, the barometer index, the S&P BSE Sensex fell 287.60 points or 0.34% to 83,409.69. The Nifty 50 index lost 88.40 points or 0.35% to 25,453.40. The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index shed 0.18% and the S&P BSE Small-Cap index declined 0.20%. The market breadth was negative. On the BSE, 1,810 shares rose and 2,204 shares fell. A total of 158 shares were unchanged. IPO Update: The initial public offer (IPO) of Crizac received bids for 85,90,935 shares as against 2,58,36,909 shares on offer, according to stock exchange data at 15:15 IST on Wednesday (2 July 2025). The issue was subscribed 0.33 times. The issue opened for bidding on Wednesday (2 July 2025) and it will close on Friday (04 July 2025). The price band of the IPO is fixed between Rs 233 and 245 per share. An investor can bid for a minimum of 61 equity shares and in multiples thereof. New Listing: Shares of HDB Financial Services were at Rs 840.30 on the BSE, representing a premium of 13.55% compared with the issue price of Rs 740. The scrip was listed at Rs 835, exhibiting a premium of 12.83% to the issue price. The stock has hit a high of 850.45 and a low of 827.50. On the BSE, over 78.43 lakh shares of the company were traded in the counter. Shares of Sambhv Steel Tubes were at Rs 97.99 on the BSE, representing a premium of 19.50% compared with the issue price of Rs 82. The scrip was listed at Rs 110.10, exhibiting a premium of 34.26% to the issue price. The stock has hit a high of 110.89 and a low of 96.17. On the BSE, over 71.05 lakh shares of the company were traded in the counter. Buzzing Index: The Nifty Realty index fell 1.44% to 970.05. The index fell 4.86% in five consecutive trading sessions. Phoenix Mills (down 3.55%), Brigade Enterprises (down 3.25%), Prestige Estates Projects (down 2.27%), Anant Raj (down 1.96%), DLF (down 1.29%), Godrej Properties (down 1.29%), Oberoi Realty (down 0.84%), Sobha (down 0.78%) and Raymond (down 0.48%) declined. Stocks in Spotlight: Hero MotoCorp rose 0.23%. The company reported dispatching 553,963 units of motorcycles and scooters in June 2025, marking a 10.03% increase compared to 503,448 units dispatched in June 2024. JSW Energy declined 1.78%. 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The Competition Commission of India (CCI) ordered an investigation into the company for allegedly abusing its dominant position in the decorative paints market. The move came following a complaint by Grasim Industries, which has recently entered the sector under its Birla Opus Paints brand. The complaint claimed that the company was discouraging distributors from selling Birla Opus products by offering incentives such as foreign travel and discounts in exchange for exclusivity. Tamilnad Mercantile Bank shed 0.66%. The company reported 9.38% increase in total deposits to Rs 53,803 crore as on 30th June 2025 compared with Rs 49,188 crore as on 30th June 2024. Dev Information Technology (DEVIT) rose 0.83%. The company announced that it has secured significant orders worth approximately Rs 4.4 crore from Alivus Lifesciences. Lupin added 0.47%. 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Keystone Realtors jumped 4.04% after the company announced that it has been selected by 8 housing societies as the developer for the large-scale cluster redevelopment project in Andheri West, Mumbai. Nibe shed 0.76%. The company said that it has received a purchase order from one of the leading Infra and Defence Company for supply of turret structure assembly for a total consideration of Rs 22.66 crore. RITES jumped 5.32% after the company announced that it has secured two orders, one from an international entity and another through a domestic joint venture. Afcons Infrastructure shed 0.58%. The company said that it has received a letter of commitment (LoC) from Reliance Industries (RIL) for undertaking civil and structural erection work at RILs facility in Jamnagar, Gujarat. 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Investor sentiment remained cautious ahead of the July 9 tariff deadline, when reciprocal tariffs are scheduled to be reimposed unless a resolution is reached. Tesla shares dropped 5.3% after President Trump criticized CEO Elon Musk, claiming he has benefited disproportionately from government subsidies. Trump also called for a review of Teslas federal support. The tension follows Musks public criticism of a large tax and spending bill, which narrowly passed in the Senate on Tuesday. The bill is expected to add approximately 3.3 trillion dollars to the national debt. It now moves to the House of Representatives for further consideration, with President Trump aiming to sign it into law by the July 4 holiday. Traders are now focused on Thursday's U.S. nonfarm payrolls report, which may influence the Federal Reserve's decision on a potential rate cut in July.
