indian stock market

Financial Technologies India gained 1.83% to Rs 1475 on 14:20 IST on BSE, after the company said that the MCX Stock Exchange plans to divest 18% of its equity to Indian banks. The company made this announcement after trading hours on Thursday, 4 June 2009. Meanwhile, the BSE Sensex was up 141.61 points, or 0.94%, 15,150.29. On BSE, 37,804 shares were traded in the counter. The stock had an average daily volume of 2.38 lakh shares in the past one quarter. The stock hit a high of Rs 1525.10 and a low of Rs 1461 so far during the day. The stock hit a 52-week high of Rs 1900.05 on 9 June 2008 and a 52-week low of Rs 404 on 23 January 2009. The mid-cap stock had outperformed the market over the past one month till 4 June 2009, surging 82.87% as compared to the Sensex's return of 25.57%. It had also outperformed also the market in the past one quarter, galloping 237.75% as compared to the Sensex's return of 80.27%. The company's current equity is Rs 9.18 cro...

NEW DELHI: With a host of public sector firms waiting to enter the capital market, investors have something to cheer about as PSUs , which had come out with their initial public offers in the last five years, have given better returns than their private sector peers, a study says. The returns provided by PSUs, which came out with IPOs in the last five years 2004-09, have more than doubled, while their private sector peers gave returns of 3.45 per cent in the same period, according to data compiled by SMC Capitals. The findings indicate that there exist divergence between the returns of PSU IPOs and private sector peers, with a positive edge to PSU IPOs. "People have burnt their fingers with the private sector IPOs in the past. Now they would want to reap returns and the investor community will invest in the big-ticket upcoming IPOs," SMC Capitals Equity Head Jagannadham Thunuguntla said. Pricing of IPOs and strong balance sheet m...