Rishabh Instruments’ Rs 491-crore IPO to open on August 30
The IPO comprises a fresh issue of equity shares aggregating up to Rs 75 crore and an offer for sale (OFS) for up to 94.3 lakh equity shares by its promoter group shareholders and an existing investor, according to its draft red herring prospectus (DRHP).
Why Saurabh Mukherjea is still gung-ho on specialty chemicals, adding to Little Champs portfolio
“We have added RHI Magnesita to Little Champs portfolio. RHI Magnesita makes ceramic lining, brick lining which goes into steel plant furnaces or cement plant furnaces. They have around 35% share globally and 40% share in India. Good gross margins 40%, gross margins 15%, operating margins around 30% ROC. It is a near debt-free company. […]
Taking Stock: Sectors that saw FII inflows & outflows in first half of August
A report by brokerage Emkay said that FII flows were net positive for the ninth consecutive fortnight at $88 million, and the total flow in 2023 now stands at an inflow of $15 billion.
ETMarkets Smart Talk- Plan to invest Rs 10 lakh? Here are 7 stocks for long term wealth creation: Vikram Kasat
1Q24 was the first normal quarter after 1Q20, devoid of any covid wave during the quarter or base quarter. The demand scenario is mixed, with some green shoots in 2-wheelers and FMCG in rural India.
Hot Stocks: Brokerage view on Bajaj Finserv, Birlasoft, Kfin Tech and V-Guard
Jefferies initiated coverage on Kfin Technologies with a target price of Rs 500. The domestic opportunity rides on financialisation of savings and growing market share. The International & alternatives are at new growth avenues.
Golden Crossovers: Zee among 5 stocks signal bullishness ahead
Stocks to buy or sell today: 9 short-term trading ideas from experts
On the monthly options front, the maximum Call OI is placed at 19500 and then towards 19600 strikes while the maximum Put OI is placed at 19400 and then towards 19500 strikes.
Big movers on D-Street: What should investors do with Manappuram, Coforge and Mphasis?
The counter is trading into a rising channel pattern constantly after it rebounded from the support zone. The strong bullish momentum on weekly scale suggests that the counter is likely to maintain bullish continuation chart formation in the coming horizon.
Morgan Stanley cuts price target for MSCI China
The brokerage said it expects the pattern of substantial earnings misses versus consensus to continue in the current deflationary macro-economic environment.
MPC Minutes: Excess liquidity on RBI radar
India’s Consumer Price Index inflation surged to a 15-month high of 7.44% in July, shooting past the MPC’s tolerance band of 2-6%. The MPC’s inflation target is 4%. From mid-June to end-July, prices of tomatoes shot up nearly five times, with more than 80% of the rise occurring in the end of June and the […]