The company’s board of directors has approved the fundraising programme of over Rs 200 crore by various means.

Goel Food Products Limited became the 377th company to get listed on the BSE SME Platform on June 28, 2022. The company came out with an initial public offering of 1,001,600 equity shares of Rs.10 each for cash at a price of Rs. 72 per equity share, aggregating to Rs. 7.21 crore. The company successfully completed its public issue on June 20, 2022.

Brigade Enterprises Ltd, one of India’s leading property developers in the South region, has jumped over 3.6 per cent today from its previous close of Rs 440.60 as the company has signed a Joint Development Agreement to develop around 2.1 million square feet in Chennai. The land, located at Perumbakkam, just off OMR Sholinganallur junction, is spread over 15 acres and will be developed as a large residential township.

Mutual funds are widely regarded as one of the most effective ways to gain exposure to the equity and fixed income markets. However, fund selection is always fraught with perplexity. Continue reading to learn more.

At the pre-opening bell, the frontline index S&P BSE Sensex opened in red at a loss of 240 points or 0.45 per cent. By 9.15 am, the index was trading at the same level. 

Bank Nifty found resistance around the 20-DMA and thereafter, it declined 400 points from the day’s high before settling with a modest gain of over half a per cent.

Highest put option open interest contract was added at a strike price of 15000 for expiry on June 30.

Scarnose International Limited became the 376th  company to get listed on the BSE SME Platform on June 27, 2022. The company came out with an initial public offering of 12,00,000 Equity shares of Rs.10 each for cash at a price of Rs. 55 per equity share, aggregating to Rs. 6.60 crore. The company has successfully completed its public issue on June 17, 2022.

According to the PE ratio and Buffett indicator, the Indian equity market is expensive!