Ratnaveer Precision Engineering IPO subscribed 45.1 times so far on last day. Check GMP and other details
The IPO is a combination of a fresh issue and an offer for sale (OFS). The fresh equity of 1.38 crore shares and OFS of 30.4 lakh shares. Under the OFS, promoter Vijay Ramanlal Sanghavi will offload 30.4 lakh shares.
Ashok Leyland among 4 midcap stocks that can surge up to 15%
Domestic brokerage firm Axis Securities is positive on a few midcap stocks, which can rally up to 15% in 2023.
Jio Financial exits Nifty tomorrow: Will there be a ripple effect?
The decision to exclude the stock was taken as Jio Financial did not hit the price band in the last two trading sessions. The news of exclusion from NSE indices comes nearly a week after the stock was excluded from Sensex and other BSE indices.
Chart Check: Channel breakout on TVS Motor makes it an attractive buy; likely to surpass Rs 1500
The stock has been on buyers’ radar for the past few trading sessions. It has rallied more than 8% in a week and over 11% in the last 3 months, Trendlyne data showed.
Be overweight on 3 largecaps now; bet on 2 midcap dark horses: Sanjiv Bhasin
“Largecaps Reliance, Apollo Hospital, and ICICI have great potential for growth and it is time to get overweight on these stocks. Tata Tele and JP Power are the midcap dark horse opportunities. Midcaps may be frothy but there is still value to be found. The Nifty is likely to reach 20,000 this month. Underlying positive […]
SEBI faces an uphill battle against ‘Finfluencers’
If the Securities and Exchange Board of India had hoped that its action would produce a chilling effect across the country’s fast-growing horde of unregulated financial influencers, that didn’t happen.
Stocks to buy today: NBCC, DLG among top 8 trading ideas
India VIX was down by 1.35% from 10.96 to 10.82 levels in the previous trading session. Volatility has been cooling off from the last three sessions and comforting the bulls at support zones.
Hot Stocks: Brokerage view on Torrent Pharma, RIL, Voltas and Paytm
Nomura maintained a buy rating on Torrent Pharma but raised the target to Rs 2199 from Rs 1838 earlier. The potential acquisition of Cipla will be a big deal and it makes strategic sense. The acquisition will require large debt and equity dilution.
Sugar stocks jump up to 8% amid fears of production drop; Rana Sugar, Renuka top gainers
The gains have been on the back of over 3% jump in the price of sugar in a fortnight to their highest level in six years. A Reuters report quoted traders and industry officials attributing limited rainfall in the country’s key growing regions to be the reason for this panic hinting a fall in production […]
F&O Ban: Delta Corp, India Cements among 6 stocks under ban on Wednesday
The F&O contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market-wide positions limits or MWPL. The ban on it is reversed only if the open interest falls below 80%.