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!

At day end on Monday, the markets were seen extending their gains from the past week ,even as the fear of recession takes deep roots in the markets’ sentiments. 

With a positive start to the week, all sectors traded in green with the IT sector gaining 2.02 per cent in today’s session. 

We are confident of achieving profitable growth in FY23, going forward, asserts Rajneesh Chopra, Global Head-Business Development, VA Tech Wabag Ltd. 

Year to date the stock is up by ~386 per cent and over the last five trading sessions, the stock has furnished returns of 31.75 per cent.

BSE Smallcap index outperformed broader markets by closing at 24,905.94, up by 1.57 per cent.

On Monday, the bulls continued the positive momentum for the third straight session as the sentiments remained high across the global markets. The rally was led by IT stocks, which faced aggressive selling in the recent sell-offs. 

 Indices closed firmly in green and Nifty rose about 0.85 per cent. Sensex climbed 433 points while Nifty Midcap and Nifty Smallcap gained 1 per cent & 2.04 per cent, respectively.  

The consortium also includes Bank of Baroda, Canara Bank, Indian Bank, Punjab National Bank, Bank of Maharashtra, and EXIM Bank of India.