Smallcap multibagger stock to trade ex-bonus on Monday. Last day to buy today
Shares of smallcap multibagger stock Rajoo Engineers gain focus as the company announces a 1:3 bonus issue, fixing December 2 as the record date. Investors must buy shares by today to be eligible. Rajoo Engineers has provided returns of 169.5% in the last 6 months and 331.43% in the last year.
Enviro Infra Engineers IPO listing today. Check GMP and analyst predictions
Enviro Infra Engineers is set to debut on stock exchanges with a predicted premium of 20-33%. The IPO received robust subscriptions due to reasonable valuations and the growing importance of water and wastewater infrastructure. Analysts suggest investors who received allotments can book profits if the premium exceeds 25% due to market volatility.
India’s falling wages squeezes urban middle class and economy
Indian wages contracted last quarter for the first time since the pandemic. This curbed consumer spending and led to weaker corporate profits among major companies like Maruti Suzuki and Hindustan Unilever. The slowdown poses challenges for the government’s growth goals. Opposition parties criticized the government for ignoring the economic difficulties of the middle class.
Traders roll over bearish bets to Dec in a ‘Sell on Rise’ market
Current Nifty rollovers are higher than 72.9% in the previous expiry and the three-month average of 76.4%, said Rajesh Palviya, head of technical and derivatives research at Axis Securities.
Asian stocks slip, Yen gains after inflation data
The Japanese currency rose around 0.4% against the greenback, helped along by the inflation data that showed prices rose more than expected on a headline basis, but broadly in line with estimates once fresh food and energy were excluded.
Green bond sale will go through, but ‘Greenium’ to be small: Dealers
The recent inclusion of green bonds in the Fully Accessible Route (FAR) securities allows NRIs and foreign portfolio investors to invest in them without any restrictions. But this has failed to create any demand, dealers said.
Bitcoin up as Cryptophiles vie to head regulators
The president-elect has vowed to undo a crackdown on digital assets imposed by the Biden administration and instead foster industry growth, including setting up a national Bitcoin stockpile. The Republican’s pledges ignited a wave of optimism that lifted the token to within a whisker of a record $100,000 last week, before the mood turned cautious […]
NSE, BSE to act as alternative trading venue on outage on one exchange
The regulator said, in case of technical glitch, the affected exchange would have to intimate about the invocation of the instant business continuity mechanism to the alternative stock exchange and Sebi within 75 minutes of occurrence of impact.
Readying for IPO, LG hops on to a Hyundai car
Broking firms said companies borrow from each other when setting up their investor sections but these are not made public until they’re ready. Another person said it might have been beta testing of the section on the LG India website that went public by mistake.
Dalal Street rally hits pause on US inflation numbers
The NSE Nifty fell 360.75 points to close at 23,914.15. The BSE Sensex plunged 1,190.34 points to close at 79,043.74. Both indices had gained 1.5% in the last five trading sessions.