NSE Investments to offload 20% stake in Protean eGov via OFS, sets floor price at Rs 1,550/share
NSE Investments will sell up to 20.31% stake in Protean eGov Technologies via an OFS. The floor price is set at Rs 1,550. The OFS will open for non-retail investors on Friday and for retail investors on Monday. NSE Investments is a wholly-owned subsidiary of NSE.
These 5 stocks hit 52-week highs, rallied up to 15% in a month
Despite the market downturn, five stocks from the BSE500 index reached their 52-week highs. A 52-week high signifies the highest price a stock has achieved in the past year, providing important insights for traders and investors.
Gold jumps Rs 1,400 to Rs 79,300 per 10 gm; silver remains flat
Gold prices jumped Rs 1,400 to Rs 79,300 per 10 grams in the national capital on Thursday due to fresh buying by jewellers and retailers, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity had closed at Rs 77,900 per 10 grams in the previous session.
Enviro Infra Engineers offers exposure to country’s high-potential water management sector
Enviro Infra Engineers plans to raise Rs 650 crore through an IPO. The funds will be used for project funding, debt repayment, and working capital. The company has a strong order book and in-house capabilities. While it has negative OCF, this is expected to improve with project execution. The government’s focus on water infrastructure provides […]
Ahead of IPO, Enviro Infra Engineers mobilises Rs 195 cr from anchor investors
Enviro Infra Engineers, which is involved in the development of turnkey projects of sewage treatment plants and sewerage system, on Thursday collected around Rs 195 crore from anchor investors, a day before its initial share sale opening for public subscription.
Tech view: Nifty weakens but holds key support, relief rally possible above 23,200. How to trade tomorrow
Nifty opened flat but closed lower on Thursday. The volatility index India VIX surged. The index formed a red candle on the daily chart, indicating weakness. The 50-weekly SMA at 23,300 is a key support level. A short-term relief rally is possible if the index holds above 23,200. The highest OI on the call side […]
NSE, BSE refute reports of reduced stocks for margin funding, confirm no changes made
NSE and BSE refuted claims of removing 1,010 stocks from the MTF list. The MTF eligibility list is updated monthly based on objective criteria like liquidity. The exchanges clarified that the acceptance of collateral follows a risk-based approach to ensure efficient clearing and settlement processes.
Ridham Desai predicts a very bullish story for equities, capex boom in next 3 years
India is in a strong financial position. The recent economic slowdown was temporary. The government is expected to increase spending. This will boost the economy. Private sector borrowing is at a low. A lending boom is expected in the private sector. This will lead to a big investment cycle. India will stop borrowing money to […]
Rahul Sharma on large-cap stocks poised for a bounce in near term
So, we feel there is a strong case for a pullback, for a bounce back from these levels. Whether the bounce back translates into a reversal or not, only time will tell but we feel that 23,200, the risk reward is fairly favourable for fresh investments, for fresh entries and I think this is an […]
Cochin Shipyard, Honasa among 38 smallcaps that crashed up to 78% from 52-week highs
Amid a weak market sentiment, the Nifty 50 index was able to snap its 7-day losing streak after settling 64.70 points or 0.28% higher at 23,518.50 in Tuesday’s trading session.The index has fallen by nearly 10.5% from its peak of 26,277 made in September while the broader markets have also witnessed a slowdown. The Nifty […]