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DLF IPO likely to hit market in February
The DLF group’s much-touted IPO will finally see the light of day. The group, which has already resolved the issue with its minority shareholders, is now in the process of filing the draft red herring prospectus (DRHP) with Sebi. Sources in the company told ET, “The DRHP will be filed by December 15 and the issue should hit the market in February.”
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Earnings growth momentum, FII inflow provide grist to Sensex's mill
The unprecedented bull run on the Indian bourses continues with the barometer index BSE Sensex today striking psychologically important level of 14000.
Strong FII inflow, healthy corporate earnings and continued strong economic data have fuelled the latest surge on the bourses. What also lifted the market recently was expectation of reduction in transport costs for corporates after the government last week cut diesel price by rupee one litre and petrol price by Rs 2 per litre.
The Sensex is up 48.3% in calendar 2006 so far. From 4,644 on 23 June 2004, it has galloped 200% in less than two-and-a-half years. A section of the market attributes the solid surge on the Indian bourses to increasing recognition of India’s long-term growth prospects. India’s growth drivers are a favourable demography (large share of young population), robust domestic consumption and acceleration in infrastructure creation.
To Read More Click Here
The DLF group’s much-touted IPO will finally see the light of day. The group, which has already resolved the issue with its minority shareholders, is now in the process of filing the draft red herring prospectus (DRHP) with Sebi. Sources in the company told ET, “The DRHP will be filed by December 15 and the issue should hit the market in February.”
TO READ MORE CLICK HERE
Earnings growth momentum, FII inflow provide grist to Sensex's mill
The unprecedented bull run on the Indian bourses continues with the barometer index BSE Sensex today striking psychologically important level of 14000.
Strong FII inflow, healthy corporate earnings and continued strong economic data have fuelled the latest surge on the bourses. What also lifted the market recently was expectation of reduction in transport costs for corporates after the government last week cut diesel price by rupee one litre and petrol price by Rs 2 per litre.
The Sensex is up 48.3% in calendar 2006 so far. From 4,644 on 23 June 2004, it has galloped 200% in less than two-and-a-half years. A section of the market attributes the solid surge on the Indian bourses to increasing recognition of India’s long-term growth prospects. India’s growth drivers are a favourable demography (large share of young population), robust domestic consumption and acceleration in infrastructure creation.
To Read More Click Here
posted by SY at 11:30 AM
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