Markets
BSE See NSE See 33,679.24
91.16 (0.27%)
collapse Related Readings collapse

IIFL holdings to list 5paisa.com

By Yogesh Supekar | 11/2/2016 10:48 AM Wednesday

5paisa.com could well be making history of sorts while it plans to gets listed on bourses within 3 -4 months. 5paisa.com is a unit of IIFL group , involved in the business of online broking.

Once listed, the online broking company will be the first company in the category to get listed. Canada-based billionnaire, Prem Watsa holds 31 per cent in the financial services company and is believed to be in favour of hiving off the 5paisa.com entity.

The online trading company offers trading,investment and insurance products across India. For the shareholders of IIFL, as per media reports, can expect to get 1 share of Rs 10 each of 5paisa for every 25 IIFL shares held.Discount brokers like Zerodha, RKSV, Samco securities and SAS Online are some of the competitors for 5paisa.com.

IIFL stock has been buzzing on bourses lately with the stock gaining by almost 60 per cent on a one year basis. In one month alone the stock is up by almost 10 per cent. Currently trading at Rs 310 per share the stock is down by almost Rs 5.75 per share or 1.82 per cent on an intraday basis on Wednesday. 

 

Find More Articles on: Markets, DSIJ Mindshare

news letter

More for the early bird.

Get the post-market reports and breakfast news right in your inbox. See latest »

DSIJ Mindshare

Overnight Digest: Stocks to look out for on November 27

Overnight Digest: Stocks to look out for on November 27

The stocks that are likely to witness significant movement on the bourses on November 27 are Sadbhav Infrastructure Project Limited, The Karnataka Bank Limited, Talwalkars Better Value Fitness Limited, Salora International Limited, and Metalyst Forgings Limited. 

How to select new fund offer?

How to select new fund offer?

Many investors get attracted towards new fund offer (NFO) by mutual funds without understanding if they really need that. Read on to understand why you should invest in NFO and checklist before investing.

Swaraj Engines buzzes on share buyback plan

Swaraj Engines buzzes on share buyback plan

The company informed the bourses that the Board of Directors will on November 28, 2017 consider a proposal to buyback the equity shares of the company.

 

Bitcoin firmly trends northwards

Bitcoin firmly trends northwards

On breaching 8230 level, we expect Bitcoin to move up further, but some profit booking may be seen on higher levels.

Electrification to boost rail stocks, momentum is picking up

Electrification to boost rail stocks, momentum is picking up

Railway stocks are seen gaining grounds on the bourses and are on the verge of their prolonged multiple resistance breakout. The stock prices are moving in line with the news of electrification of railway lines.

Ten stocks close to their 52-week low

Ten stocks close to their 52-week low

Following stocks are close to their 52-week low as at 12.46 p.m. on November 24.

Ten stocks close to their 52-week high

Ten stocks close to their 52-week high

The markets on November 24 opened flat. BSE Sensex is trading at 33,670.44, up by 82.36 points and the Nifty is trading at 10,386.05, up by 37.30 points.

Is barring promoters from bidding for their distressed assets wise?

Is barring promoters from bidding for their distressed assets wise?

The government has in a hurry promulgate an ordinance to amend the Insolvency and Bankruptcy Code, (IBC) 2016.

Five stocks with selling interest

Five stocks with selling interest

Overall volumes in futures & options currently stand at 1.19 crore contracts with a turnover of Rs. 11,34,036.47 crore.

Five stocks with buying interest

Five stocks with buying interest

Overall volumes in futures & options currently stand at 1.19 crore contracts with a turnover of Rs. 11,34,036.47 crore.