Plaza Wires sees a stellar debut. Should you hold the stock for more upside?
“The market is growing leaps and bounds. Short-term investors may want to book profits, but those who are looking for the long run can hold the stock, which might repay with decent returns in the next six months,” said Avinash Gorakshakar of Profitmart Securities.
Zomato shares jump 120% in 8 months, ICICI Securities raises target price to Rs 160
ICICI Securities revised its target upwards from the previous target of Rs 120 relying on the company’s potential to report sharp improvement in profitability in all three businesses of Zomato viz. food delivery, quick commerce and hypercure.
Solid Debut! Plaza Wires shares list at 56% premium over IPO price
Shares of Plaza Wires made a strong debut on the BSE and NSE, with a premium of 55.5% and 40.7%, respectively over the issue price. The IPO was oversubscribed 161 times, which can be attributed to the company’s impressive growth and competitive strengths. Plaza Wires is engaged in manufacturing and selling wires, LT aluminium cables, […]
Top-performing fund turns to IPOs as India stocks turn pricey
The $1.2 billion Franklin India Smaller Companies Fund is up 34% this year, beating 98% of its peers. The fund’s IPO picks — Concord Biotech Ltd., TVS Supply Chain Solutions Ltd. and SBFC Finance Ltd. — have rallied between 15% to 50% since their trading debuts in August, data compiled by Bloomberg show.
Newly-listed companies dominate mutual funds’ smallcap shopping basket in September. Take a look
Mutual funds turned significant buyers in the month of September, offsetting the foreign investors’ selling spree.
Hot Stocks: Brokerages view on TCS, Tata Steel, Zomato and BPCL
The IT company is going through rough seas which was anchored by a share buyback. Q2FY24 revenue missed the estimate, but the EBIT margin was above estimate.
Adani Ports sees more offers at dollar bond buyback than planned
The yield on this note has dropped around 40 basis points since the company floated the buyback tender and was last at 8.43%
ICICIdirect users hit by connectivity issue at BSE
Back in July, Zerodha users were also affected by a glitch while placing orders in the BSE F&0 segment after BSE leased lines in two of the brokerage’s setups went down.
Stocks to buy today: RIL, Zomato among top 10 ideas
India VIX was down by 2.53% from 11.27 to 10.98 levels on Wednesday. Volatility cooled off and paved the way for the bulls to strengthen in the market.
Nifty options strategy: What should traders do on weekly expiry day?
The options data suggests that the trading range for today’s expiry is between 19,700 and 20,000. Nifty Put options OI concentration is the highest at 19,500 followed by 19,600 and 19,800 which are likely to act as support with the highest writing at 19,800 and 19,700 strikes.