Nifty Trade Setup Analysis The Nifty 50 index reached a historic closing high of 25,419 on September 17, marking a modest gain of 35 points. The positive momentum can be attributed to favorable trends in key technical indicators such as the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD). Market analysts suggest ...
Responsive Industries: A Stock Worth Watching For investors seeking promising opportunities in the stock market, Responsive Industries Limited presents an attractive option. The company has garnered positive attention from various brokerage firms, underscoring its significance in the construction sector as a leading supplier of PVC membranes and synthetic products for numerous government projects in India. ...
Overview of Oswal Pumps IPO Oswal Pumps, a Haryana-based company specializing in solar pumping solutions, is set to enter the public market by raising funds through an Initial Public Offering (IPO). On September 17th, the company filed its draft papers with the Securities and Exchange Board of India (SEBI). This IPO consists of both fresh ...
Northern Arc Capital IPO: High Investor Interest Northern Arc Capital is witnessing impressive investor enthusiasm for its Initial Public Offering (IPO), with subscriptions reaching an astounding 9.99 times by the end of the second day. The IPO has garnered bids for approximately 21.45 crore shares against the 2.14 crore shares available, reflecting robust demand. The ...
Overview of Quality Power Electrical Equipments IPO Quality Power Electrical Equipments is gearing up to raise funds through an Initial Public Offering (IPO). The company has submitted draft papers to the Securities and Exchange Board of India (SEBI) on September 16, aiming to generate significant capital for its growth initiatives. The IPO will comprise fresh ...
Manba Finance IPO Overview The much-anticipated IPO of Manba Finance, a non-banking finance company (NBFC) based in Maharashtra, is set to open its subscription on September 23. This marks the second IPO of the week, with the company aiming to raise approximately ₹150.84 crore through this public offering. Investors interested in participating in this IPO ...
Arkade Developer IPO Overview On September 17, 2024, the IPO of Arkade Developers garnered significant attention from investors, showcasing a robust subscription rate on its second day. With a total subscription of 16.21 times, this IPO has attracted bids for approximately 38.53 crore shares against an offering of 2.37 crore shares. The company aims to ...
Recent Performance of GPT Infraprojects Shares On September 17, GPT Infraprojects Limited (BSE: GPT) witnessed a notable upswing in its stock value, climbing as much as 2%. The shares concluded the trading session at ₹161.80, representing a gain of 1.31% on the Bombay Stock Exchange. This bullish trend comes in the wake of the company’s ...
Kotak Group’s Ambitious Move into Private Credit Kotak Group, renowned for its financial services and led by the prominent billionaire Uday Kotak, is set to make significant strides in the private credit market. The group plans to launch its inaugural private credit fund this year, aiming to raise approximately Rs 1,000 crore. As a key ...
Easy Trip Planners Expands Into Medical Tourism Current Stock Performance: Easy Trip Planners, the parent company of the renowned online travel service provider EaseMyTrip, is making significant strides by venturing into the medical tourism industry. Recently, the company’s board approved a proposal to invest in two healthcare entities: a 30% stake in Rolnid International for ...
As the financial world eagerly anticipates the Federal Reserve’s upcoming decision, gold prices are experiencing a slight downturn in the international market. Following a record high of $2,617.35 yesterday, gold on the COMEX has fallen below the $2,605 mark. In the spot market, prices have dipped below $2,580, marking a $12 decline from its recent ...
Rekha Jhunjhunwala Portfolio Update: In a remarkable turn of events, shares of Geojit Financial Services saw a significant uptick of nearly 5 percent in early trading today, primarily driven by the anticipation surrounding its upcoming rights issue. However, as the day progressed, profit booking set in, leading to a decline of more than 7 percent ...
PN Gadgil Jewellers IPO: An Impressive Market Debut The much-anticipated IPO of PN Gadgil Jewellers made a striking debut on the stock exchanges today, capturing significant attention from investors. The initial public offering (IPO) was priced at Rs 480 per share and garnered an overwhelming response, being oversubscribed by more than 59 times. This led ...
Nifty Trade Setup: September 16 Insights The Indian stock market closed on a positive note yesterday, showing a modest advancement in the Nifty 50 index, which rose by 27 points to settle at 25,384. Notably, this trading day also saw the index achieve a new intraday high. The formation of higher tops and bottoms is ...
Introduction: SpiceJet, a prominent player in the low-cost airline sector, is making headlines as it prepares to raise significant funds through a Qualified Institutional Placement (QIP). This strategic move is aimed at enhancing its operational capabilities and financial position in a competitive market. Let’s delve deeper into the details of this fundraising initiative and the ...
Understanding Market Opinions on Stock Performance In the dynamic world of stock trading, opinions on stock performance often vary widely among brokerage firms. While some analysts might recommend buying, others may suggest selling a particular stock. However, there are unique scenarios where consensus emerges among analysts, leading to a unified recommendation for investors. One such ...
Overview of Eraaya Lifespaces’ Remarkable Performance Investing in multibagger stocks can lead to significant profits in a short time, attracting many investors towards them. One standout performer in recent times is Eraaya Lifespace Limited. On September 16, the company’s shares surged to an upper circuit limit of 5 percent, closing at an impressive Rs 1,620.20 ...
Important developments have emerged for investors interested in Initial Public Offerings (IPOs) in India. The Securities and Exchange Board of India (SEBI) has granted approval for five companies to launch their IPOs. The companies granted this approval are Afcons Infrastructure, Godavari Biorefineries, Shivalik Engineering, Quadrant Future Tech, and Enviro Infra Engineers. Overview of Approved IPOs ...
KRN Heat Exchanger and Refrigeration IPO Details KRN Heat Exchanger and Refrigeration Limited, a Rajasthan-based company, is set to launch its Initial Public Offering (IPO) opening for subscription on September 25. Investors will have the opportunity to subscribe until September 27, and an exclusive one-day window for anchor investors will open on September 24. The ...
Foreign Institutional Investors (FIIs) Boosting Indian Stocks In the midst of fluctuating global markets, the Indian stock market has witnessed an extraordinary surge in interest from foreign institutional investors (FIIs). This month is shaping up to be a standout period, with FIIs registering net purchases of $3.3 billion in Indian shares. Comparatively, last month’s figure ...
