Listed small finance banks on a high with better asset quality, profitability
Equitas and Ujjivan lead the show with more than 80% jump in market capitalisation this year while Suryoday bounced back after dips in the previous two years. AU, already enjoying a high valuation, has delivered a consistent performance.
There’s no missing the bus in market; metals a contra bet: Sandip Sabharwal
“In the largecap side, if there is a dip, we could buy into ICICI Bank, that is the preferred bet and then Maruti. That is one stock which has not performed at all although most of the other stocks have moved up, so that I think still has a decent value. A contrarian bet would […]
Tech View: Nifty shows signs of waning bullishness. What traders should do on Tuesday
On the hourly charts, RSI indicator saw a bearish crossover within the oversold zone, hinting at a waning bullishness in the market, analysts said.
Sanjiv Bhasin is betting on this SME IPO; partly booking profit in 2 real estate stocks
“Excited about the Electro Force IPO. The SME market has taken everyone by storm because there was little participation. The name of the company is Electro Force. It is a consumer electrical play, a B2B play with Rs 18 crore equity and a price earning of something like six-seven times one year forward.”
An IPO a day keeps boredom away! How the primary market kept traders busy in 2023
The much-awaited IPO of Tata Technologies undoubtedly earns the award of best debutant of 2023. The stock not only doubled on listing day itself but is still trading around 148% higher from the issue price. The Rs 3,034-crore IPO also managed to break LIC’s record by garnering a record number of 73.58 lakh applications.
Sovereign Gold Bond scheme opens for subscription. Check price and other details
The price of SGB is based on the simple average of the closing gold price of 999 purity of the previous three business days from the date of redemption as published by the India Bullion and Jewellers Association Ltd (IBJA). In this case, the three business days are between December 13 and December 15.
Sugar stocks jump up to 15% after govt allows mills to divert sugar for ethanol
The top gainer from the pack was Ugar Sugar Works, which shot up nearly 15% in the early trade. Others including Triveni Engineering & Industries, Balrampur Chini, Shree Renuka Sugars, Rana Sugar, Dwarikesh Sugar, and Eid Parry (+3.49%) gained up to 6.16% around 10:10 am.
Technical picks: RIL, Nazara Technologies among 5 stocks that can rally up to 22% in short term
Mastek has corrected from an intermediate high of 3413 in April 2022 and found support at the 1475 levels in March 2023, which also coincides with the previous intermediate highs, thereby indicating the change of polarity principle is at work as prior resistances are now acting as supports.
Motisons Jewellers IPO sails through within one hour of opening, retail portion booked 3.6X
The issue, which is completely fresh equity of 2.74 crore shares, has created a strong buzz in the grey market as the company’s shares are trading at over 180% premium compared to the offer price.
Hot Stocks: Know what brokerages say on Paytm, SJVN and Century Ply
A host of important triggers are likely to have an impact on Paytm, SJVN, and Century Ply. While Macquarie has retained a neutral stance on Paytm after the management meeting, Goldman Sachs has downgraded SJVN’s rating but increased the price target. As for Century, domestic brokerage Spark Capital has revised the ratings upwards while hiking […]