Latest Updates Around The World
Omnitech Engineering’s IPO opens for subscription today, with the precision engineering player aiming to raise Rs 583 crore through a mix of a new issue and an for-sale offer. The issue, which closes on February 27, is priced between Rs 216 and 227 per share. At the high end, the company is valued at a […]
ET Intelligence Group: Omnitech Engineering, a manufacturer of high-precision manufactured components, plans to raise `418 crore through a fresh issue to fund new facilities and repay debt. It will also raise `165 crore through a sale offer. The promoter group’s stake will drop from 94.1% to 74.2% after the IPO. The company has a loyal […]
The markets witnessed a volatile session on the weekly expiration day and fell almost half a percent, extending the ongoing consolidation phase. Analysts say the recent market action reflects a cautiously optimistic undertone, supported by solid domestic macro indicators.“Going forward, we expect further consolidation to continue, which would be healthy as long as the Nifty […]
Goldman Sachs has turned bullish on India’s defense manufacturing sector, naming PTC Industries, Bharat Electronics and Solar Industries among its top picks, after the Defense Acquisition Council (DAC) this week approved proposals worth Rs 790 billion, a move that the brokerage said underlines its belief in an increasing total addressable market (TAM) for domestic defense […]
