PB Fintech’s hospital plans draw skepticism, shares fall the most in two years

Before today’s drop, PB Fintech’s shares had already declined for three days in a row.

Before today’s drop, PB Fintech’s shares had already declined for three days in a row.

Diffusion Engineers has already raised ₹47 crore from four anchor investors on September 25. HDFC Mutual Fund, the biggest investor amongst them, acquired 10.8 lakh equity shares worth ₹18.14 crore.

The ₹150.84-crore Manba Finance Ltd.’s IPO saw an overwhelming response from investors, ending with a subscription of 224.10 times.

Ola’s warranty costs stood at nearly 6% of its overall revenue and may remain high in the upcoming quarters, according to HSBC.

HDFC Bank’s shares are trading close to their all-time high levels, having gained for six days in a row.

Trent shares are up nearly 154% so far this year and Citi is projecting the stock to rise another 21% from current levels.

Marketbuzz Podcast: The market is likely to start in the green following positive global cues. Stocks including Vedanta, PB Fintech, SpiceJet, and Adani Group will be in focus. Tune in to the podcast for more cues

A 5.5% drop in shares of Amgen took the Dow lower, while nine out of the 11 S&P 500 sectors ended with losses. Gains in Nvidia though, kept the Nasdaq in the green and kept the S&P 500 losses in…

Micron’s revenue increased 93% to $7.75 billion in the period, which ended August 29. Excluding certain items, profit was $1.18 per share. On average, analyst had estimated a profit of $1.12 a share and revenue of $7.66 billion.

When it comes to dividend yield, India’s state-run companies, known for their generous payouts take the top honours.