The global brokerage has given a ‘buy’ rating for Metro Brands and sees an upside of 28 per cent on the stock in the next 12 month at a target price (TP) of ₹1,450. Goldman Sachs has also initiated coverage on Bata India with a ‘neutral’ rating as sees aRead More →
Shares of Havells India Limited surged by 4 percent, reaching a 52-week high of ₹1,482. This notable increase came after Goldman Sachs upgraded the rating for the wires and cables manufacturer from “neutral” to “buy.” Alongside the rating upgrade, the global brokerage also raised the price target for Havells toRead More →
The company allocated 84,08,449 equity shares to anchor investors at ₹418 per share, as per the regulatory filing. Also read: Medi Assist Healthcare IPO: Investcorp, Bessemer sell shares worth ₹536 crore ahead of IPO opening “Of the total allocation of 84,08,449 equity shares to anchor investors, 40,70,768 equity shares wereRead More →
India Shelter Finance Corporation on December 12 raised more than ₹360 crore from anchor investors, just a day ahead of the commencement of the public issue. According to an exchange filing, around 38 investors participated in the anchor book, including ICICI Prudential, Goldman Sachs, Massachusetts Institute of Technology and many more.Read More →
Investors are keenly awaiting five initial public offerings (IPOs) this week, including the much anticipated one of Tata Technologies Ltd. That, and those of the Indian Renewable Energy Development Agency, Fedbank Financial Services (Fedfina), Flair Writing Industries and Gandhar Oil Refinery are expected to raise over ₹7,300 crore collectively. ButRead More →
FPIs turned net sellers of ₹14,768 crore in NSE’s cash market in September after buying equities worth ₹1.69 trillion over six straight months. Simultaneously, they held a cumulative net short position in index and single-stock futures as of 29 September, coinciding with their cash market sales. Their cumulative net shortsRead More →
NTPC share price gained over 5%, while SJVN shares rallied more than 9% on Wednesday after Goldman Sachs initiated coverage on the stocks with Buy ratings. Goldman Sachs is of the view that India’s power sector is undergoing a generational shift. It believes that in India’s move to shift towardsRead More →
Inflation in the US will not come down as quickly as markets are currently pricing, said strategists at Goldman Sachs Group Inc, according to a report by Bloomberg. Strategists led led by Praveen Korapaty wrote in a note that investors could be assuming that a sharp deceleration in growth willRead More →
A class action lawsuit, launched in 2010, was scheduled to begin on June 5 in New York. New York: Goldman Sachs has said it will pay $215 million to settle a long-running lawsuit against the investment bank, accused by current and former employees of gender bias and sexual harassment. ChargesRead More →
SVB said it enlisted Goldman in connection with a planned capital raise. New York: US authorities are investigating Goldman Sachs’ work for Silicon Valley Bank in connection with the events surrounding the California bank’s collapse, Goldman disclosed in a securities filing Thursday. Goldman is “cooperating with and providing information toRead More →
