Page 2 - Netweb Technologies News Today

MSCI has also revealed 27 additions and six deletions from the Small Cap index

Indias weightage in the MSCI Global Standard (Emerging Markets) index will reach a historic high of 18.2%. Indias representation is expected to increase to around 18.5% after the February rejig, according to Abhilash Pagaria of Nuvama Alternative & Quantitative Research. The quarterly rebalancing could lead to significant inflows from passive FII funds.

Indias MSCI Emerging Markets index surged from 8% in June 2020 to 17.9% currently. With ongoing domestic institutional flows and steady FII participation, India may exceed 20% in the MSCI EM Index by 2024.

IREDA and Motisons Jewellers are among the top performers in recent listings, with their stocks trading 490% and 240% higher than their respective IPO prices. Signature Global, Cyient DLM, Netweb Technologies, EMS, and Utkarsh Small Finance Bank are also standout performers.

The company added that it recently bagged an order from VSSC (ISRO) for their upcoming supercomputer, envisaged to be the largest for the Department of Space, valued at Rs 147.7 crore.

Netweb Technologies, a leading high-end computing solutions (HCS) provider in the country, on Wednesday said it registered 20 per cent growth in profit after tax (PAT) for the Q3 FY24 to Rs 26 crore from Rs 21.68 crore in the same quarter last ...

The average listing gain for all the 59 IPOs is 26.3 per cent and their average gain as of December 29 is 45 per cent and only four of the 59 main-board IPOs are traded below the issue price on December 29

​In a year when the key equity benchmarks scaled new highs and rallied nearly 20 per cent making investors richer by close to Rs 82 lakh crore, IPO investors laughed all the way to the bank as 55 of the 59 issues gave them handsome returns of 45 per cent on average.

Indian companies collectively raised $7.1 billion (around ₹54,000 crore) through the IPO route. Its share in the total money raised globally through IPOs expanded to 5.6%, up from 4.1% in the previous year. China raised $60.5 billion, accounting for nearly 48% of the global funds raised compared with 56% a year ago.

Cyient DLM, listed on July 10, emerged as another significant gainer, witnessing a 149 per cent surge to Rs 660.20 from its issue price of Rs 265.