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Hans India
25 minutes ago
- Business
- Hans India
FMCG, auto shares drag markets lower for 2nd day
Mumbai: Stock markets declined for the second straight day on Wednesday with benchmark Sensex falling by 239 points dragged by losses in FMCG major ITC. The 30-share BSE barome-ter declined 239.31 points or 0.29 per cent to settle at 81,312.32. During the day, it lost 307.61 points or 0.37 per cent to 81,244.02. The 50-issue NSE Nifty dropped 73.75 points or 0.30 per cent to close at 24,752.45. Analysts said the key indices remained largely range-bound ahead of the monthly expiry on Thursday and the release of GDP and industrial production data. FMCG, auto, and pharma shares declined while banking, mainly PSUs, media and energy shares advanced. Among Sensex stocks, ITC fell over 3 per cent after British multinational BAT trimmed its ownership in the conglomerate by divesting a 2.5 per cent stake for Rs 12,927 crore ($1.51 billion) through a block deal. IndusInd Bank, Nestle, UltraTech Cement, Mahindra & Mahindra, Power Grid, Asian Paints, Sun Pharma and Tech Mahindra were also among the lag-gards. Bajaj Finance, Bharti Airtel, ICICI Bank, Adani Ports and HCL Tech were among the gainers. 'The domestic indices remained rangebound with a negative bias, primarily due to the lack of support from FIIs and prevailing premium valuations. A lingering concern over India-US trade relations following the end of the 90-day pause period continues to pose an external risk,' Vinod Nair, Head of Research, Geojit Investments Limited, said. The BSE smallcap gauge climbed 0.50 per cent while midcap index dipped 0.22 per cent. Among sectoral indices, FMCG dropped the most by 1.33 per cent, followed by metal (0.69 per cent), auto (0.67 per cent), consumer durables (0.58 per cent), commodities (0.52 per cent) and consumer discretionary (0.51 per cent). Financial Services, industrials, telecommunication, bankex, capital goods, services and teck were the gainers. 'Markets were extremely range-bound with a negative bias as weak European cues and domes-tic monthly F&O expiry on Thursday prompted investors to trim their holdings. The minutes of the US FOMC (Federal Open Market Committee) meeting held in early May will provide some hint to the markets on the direction of the interest rates going ahead,' Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd, said.
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Business Standard
an hour ago
- Business
- Business Standard
Vopak Terminals IPO allotment today; check status, GMP, listing date
Aegis Vopak Terminals IPO allotment status: The basis of allotment for the Aegis Vopak Terminals IPO shares is likely to be finalised today, Thursday, May 29, 2025. The public offering closed for subscription on Thursday, May 22, 2025, receiving muted participation from investors and getting oversubscribed by 2.09 times. Here's how to check Aegis Vopak Terminals IPO allotment status online Once the Aegis Vopak Terminals IPO allotment is finalised, investors can check their status on the official websites of BSE, NSE, or MUFG Intime India (erstwhile Link Intime), the registrar for the issue. Alternatively, investors can use the following links to check the Aegis Vopak Terminals IPO allotment status directly: Aegis Vopak Terminals IPO final subscription status The ₹2,800 crore public offering of Aegis Vopak Terminals, offered at a price band of ₹230–235 with a lot size of 63 shares, received bids for 14,43,72,942 shares against the 6,90,58,296 shares offered. This led to an oversubscription of 2.09 times by the end of the subscription period, according to data available on the BSE. Aegis Vopak Terminals IPO witnessed the highest participation from the Qualified institutional buyers (QIBs), who subscribed to 3.30 times the portion reserved for them. Meanwhile, the category reserved for the Retail investors (RIIs) and Non-institutional investors (NIIs) was not fully subscribed as their subscription stood at 0.77 times and 0.56 times, respectively. Aegis Vopak Terminals IPO grey market premium (GMP) today The unlisted shares of Aegis Vopak Terminals continue to command a muted premium in the grey market on Thursday. Sources tracking unofficial market activities revealed that Aegis Vopak Terminals shares were seen trading at around ₹236 per share, reflecting a grey market premium (GMP) of merely ₹1 or 0.43 per cent over the upper end of the issue price. Aegis Vopak Terminals IPO listing estimate Shares of Aegis Vopak Terminals are scheduled to list on the BSE and NSE on Monday, June 2, 2025. The current grey market trends indicated a lacklustre listing of the company's shares. However, these estimates may vary, as the grey market is unregulated, and GMP should not be considered a reliable indicator of performance. About Aegis Vopak Terminals Aegis Vopak Terminals offers tank storage and handling services for various types of liquids and LPG gases. The company is India's largest third-party owner and operator of tank storage terminals for LPG and liquid products, as outlined in the Red Herring Prospectus (RHP). The company offers secure storage and associated infrastructure for products like petroleum, chemicals, lubricants, vegetable oil, and LPG. It is a joint venture between Aegis Logistics and Vopak India BV (part of Royal Vopak, a Netherlands-based leading global tank storage company).
News18
an hour ago
- Business
- News18
SAIL Shares In Focus As Q4 Net Profit Jumps 9x Sequentially To Rs 1,251 Cr, Dividend Announced
Last Updated: SAIL Share Price: The Board of Directors have recommended the Final Dividend @ Rs.1.60 /- per equity share of Rs.10/- each for the Financial Year 2024-25. Sail Share Price: Shares of Steel Authority of India Limited (Sail) are in the spotlight after PSU declared a net profit of Rs 1,251 crore for the quarter ended March 31, 2025. It reflected a jump of 11 per cent year-on-year from Rs 1,125 crore in the corresponding quarter of the previous fiscal year. On a sequential basis, the steel major posted almost 9x gain from Rs 141.69 crore in Q3FY25. The rise in the profit of SAIL came due to improved performance across key steel plants and decrease in input costs. The company's earnings per share (EPS) also reflected this growth, rising to Rs 2.85 from Rs 0.30 in the previous quarter and Rs 2.45 a year ago. EBITDA for the quarter stood at approximately Rs 3,781 crore, slightly lower than Q4 FY24 but notably higher than Q3 FY25, showing an improvement of about 58% sequentially. EBITDA margin came in at 12.9%, dipping slightly year-on-year but improving significantly from 9.76% in the previous quarter. Net profit margin also saw an uptick to 4.02%, as compared to 3.62% in Q4 FY24 and just 0.51% in Q3 FY25, indicating better cost control and operational efficiency during the quarter. advetisement On Wednesday, shares of SAIL settled in green at Rs 128.80 apiece with a gain of 0.19 per cent on BSE. It opened at Rs 128.45 apiece, against the previous day close at Rs 128.55 apiece. For the financial year ended March 31, 2025 (FY25), Steel Authority of India Ltd (SAIL) posted a slight decline in its overall performance compared to the previous year. The company reported revenue of Rs 1,02,478 crore, down 2.7% from Rs 1,05,375 crore in FY24. Profit after tax (PAT) stood at Rs 2,148 crore, a drop of 21.4% year-on-year. As a result, earnings per share (EPS) fell to Rs 5.20 from Rs 6.62 in the previous year. EBITDA for FY25 was approximately Rs 11,764 crore, down around 4.2% from Rs 12,279 crore in FY24. The EBITDA margin saw a minor dip to 11.48%, compared to 11.65% last year. Net profit margin also came down to 2.10% from 2.59%, indicating some pressure on profitability despite a relatively stable operational performance. SAIL Dividend 2025 The Board of Directors have recommended the Final Dividend @ Rs.1.60 /- per equity share of Rs.10/- each for the Financial Year 2024-25 (16% of the paid up equity share capital of the Company). The said Final dividend for FY 2024-25 will be paid within 30 days from the date of approval by the Shareholders in the ensuing Annual General Meeting, the date of which will be intimated in due course. Disclaimer: The views and investment tips by experts in this report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions. Stay updated with all the latest news on the Stock Market, including market trends, Sensex and Nifty updates, top gainers and losers, and expert analysis. Get real-time insights, financial reports, and investment strategies—only on News18. First Published: May 29, 2025, 07:51 IST
Economic Times
an hour ago
- Business
- Economic Times
Unified Data-Tech IPO set for debut today: Strong demand, solid GMP signal upbeat listing
Unified Data-Tech Solutions is all set to list on the BSE SME platform on Thursday following a strong response to its Rs 144.47 crore IPO. The public issue, which was open from May 22 to May 26, was subscribed an impressive 91.12 times overall. ADVERTISEMENT The IPO was entirely an offer for sale of 52.92 lakh shares, priced at Rs 273 per share. While the qualified institutional buyers subscribed 83.22 times, the HNI portion saw a phenomenal subscription of 212.43 times. Even the retail segment recorded a solid 43.62 times oversubscription, confirming wide-based interest in the Mumbai-based IT service provider. Ahead of the listing, market sentiment remains optimistic. Shares of Unified Data-Tech are commanding a grey market premium (GMP) of Rs 58, suggesting a potential listing price of Rs 331. That translates into an expected listing gain of over 21.25%. The allotment was finalised on May 27, and shares were credited to demat accounts on May 28. Refunds for unallotted applicants have also been Data-Tech is an IT system integrator that offers customized technology solutions including data center infrastructure, cybersecurity, virtualization, and networking. It serves a diverse client base in BFSI, IT, and other sectors, and has developed a reputation for providing high-performance and cost-efficient solutions across company reported healthy growth in financials, with PAT rising from Rs 10.4 crore in FY23 to Rs 31.68 crore in the eleven months of FY25. It maintains a debt-free balance sheet, and its return on equity stood at a robust 48.81%, while return on capital employed touched 52.55%. ADVERTISEMENT The IPO was entirely an offer for sale and did not raise fresh capital for the business. (Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Economic Times
an hour ago
- Business
- Economic Times
Aegis Vopak Terminals IPO allotment: Check status, listing date and GMP
The allotment status for Aegis Vopak Terminals' Rs 2,800 crore initial public offering (IPO) is expected to be finalised today, May 29. The IPO, which was open from May 26 to May 28, garnered healthy interest, being subscribed 2.09 times overall. ADVERTISEMENT Investors who participated in the offer can now check their allotment status through the BSE website or via the registrar Link Intime's portal. The IPO received bids for 14.43 crore shares against 6.90 crore shares on offer. While not a runaway success, the 2.09 times subscription reflects moderate demand from investors, with participation likely driven by the company's strategic positioning in the liquid and gas storage infrastructure space. The qualified institutional buyer (QIB) segment played a crucial role in boosting the final figures, while retail and HNI interest appeared applicants can expect shares to be credited to their demat accounts by May 30. Refunds to those who didn't get allotment will also be initiated on the same day. The stock is expected to list on the BSE and NSE on Monday, June 2. ADVERTISEMENT Visit: 'Equity' and choose 'Aegis Vopak Terminals' from the dropdown. ADVERTISEMENT Enter your application number or 'Search' to check your allotment status. ADVERTISEMENT Visit: 'Aegis Vopak Terminals IPO' from the dropdown. ADVERTISEMENT Enter PAN, application number or DP/client 'Submit' to view Vopak Terminals IPO GMP is muted at Rs 1, indicating an estimated listing price at Rs 236. The will translate to a marginal gain of 0.43% if the current trends IPO was entirely a fresh issue of 11.91 crore shares priced in a range of Rs 223 to Rs 235 per share. Retail investors had to apply for a minimum lot of 63 shares, requiring a minimum investment of Rs 14,805. Aegis Vopak Terminals, a joint venture backed by Aegis Logistics and Vopak, operates 18 terminals across five major ports in India, with over 1.5 million cubic metres of liquid storage capacity and 70,800 MT of LPG storage. The proceeds from the IPO will be used to repay borrowings, fund the acquisition of a cryogenic terminal in Mangalore, and for general corporate purposes. (Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
