Following the call for about 9 crore pledged shares in the previous month, banking major Yes Bank acquired 17.31 per cent stake in health care company Fortis Healthcare on Wednesday.  

The public issue of Karda construction Limited, a Nashik-based real estate developer, will open on 16-03-2018 and closes on 21-03-2018.  The minimum market lot of the issue is 80 shares for the price range of Rs. 175-Rs. 180 per share with face value of Rs. 10 per share. The company will be listed on BSE and NSE both. The issue comprises of public issue of 43,00,000 shares out of which 23,00,000 will be fresh issue and 20,00,000 shares will be offer for sale by the promoters. The promoter holding in the company will come down to 45.5 per cent post issue versus 76 per cent pre issue

Hyderabad-based steel PSU, Mishra Dhatu Nigam or MIDHANI is set to open its Rs. 438.4 crore initial public offer for subscription next week. 

The IPO which open on Wednesday is offered at the price band of Rs. 413-428 per share, which is 10.3 to 10.7 times P/E for the company’s FY2017 earnings.

Sector rotation can be a big differentiator in your portfolio’s return. Read on to find which sectors are leaders and which of them are laggards in terms of performance in the different period.  

IT company Vakrangee shot up in the stock market on Wednesday after the company announced the launch of its travel and visa assistance services at three of its outlets at Andheri, Bandra and Worli in Mumbai. 

Following stocks are close to their 52-week low as at 12.42 p.m. on March 14, 2018.

The markets on March 14, 2018 opened up. BSE Sensex is trading at 33,607.39, down by 249.39 points and the Nifty is trading at 10,344.80, down by 82.05 points.

Despite volatile market conditions, one more company is set to hit primary market on March 16, 2018. This time it is government-owned Navratna title conferred entity Hindustan Aeronautics Limited (HAL).

Leading construction company, IRB Infrastructure Developers (IRB), has won two projects under Hybrid Annuity Model in Tamil Nadu. This is also the first project for the company under Hybrid Annuity space.