Protean eGov Technologies IPO opens for subscription. Should you apply?
Analysts are positive on Protean eGov Technologies IPO, given the company’s unique and niche business area, consistent profitability and positive cash flows. The IPO which opened today will close for subscription on November 8.
Zomato rises 4% as brokerages show higher appetite for stock post Q2 earnings
Zomato posted a Rs 36-crore profit after tax (PAT) against the estimates of Rs 5-crore loss by ETNow poll. The company had posted a surprise profit of Rs 2 crore in the preceding June quarter and a loss of Rs 251 crore in the year-ago period.
Stocks to buy or sell today: Muthoot Finance, Godrej Properties top ideas
India VIX was down by 1.78% from 11.07 to 10.88 levels on Friday. Volatility has been cooling off from the last two sessions and aided in support-based buying in the indices.
Big movers on D-Street: What should investors do with Arvind Fashion, Adani Ports and IRFC?
Stocks that were in focus included names like Arvind Fashion, which gained 5.85%, Adani Ports, which jumped 2.67%, and IRFC, whose shares declined 1.23% on Friday.
Hot Stocks: Brokerages view on SBI, Zomato, Titan Company and InterGlobal Aviation
CLSA maintained a buy rating on SBI with a target price of Rs 700. Most parameters are on track with net interest margin (NIM) moderation, a slight surprise.
The taxman wants to know if Indians are wearing an FPI mask
Resident Indians can only invest in FPIs whose exposure to India is less than 50% while total subscription by non-resident Indians (NRI) cannot exceed 50% of a fund corpus.
ASK Automotive cool with ICE and charged up for electric games
The company has been outperforming the two-wheeler industry growth owing to higher share of non-auto verticals and adding new customers and new products in the auto sector to offset volume cyclicality of the two-wheeler industry.
Nifty can hit 19,500, a hold there can keep bears out: Analysts
After retesting the trendline support on the weekly chart, Apollo Hospital saw a sharp recovery. Bharti Airtel has formed a fresh buying pivot after a marginal retracement to the shortterm moving average on a weekly chart.
FPI short positions on index futures build up
This ratio has fallen to 18%, close to its eight-month low levels, indicating a bearish sentiment besides potentially introducing challenges for these fund managers in returning the securities borrowed for short sale in the weeks ahead, analysts noted.
Breather in market a better opportunity to re-engage with Indian equities: Manraj S Sekhon
Over the long term, the optimism is very much intact. But in the near-term valuations are a little extended. It’s about how much of a premium you are willing to pay for the visibility, secular growth and the lack of correlation with the world.