Suraksha Diagnostics IPO Day 2: Check GMP, price band, subscription, key dates and review
Suraksha Diagnostics IPO GMP: As of 11:22 am, the issue received bids for 23,96,082 shares, amounting to 18% of its total offering of 1,34,32,533 shares. The retail portion was subscribed to 32%, while qualified institutional buyers (QIBs) had not placed any bids. Meanwhile, the non-institutional investors (NII) segment saw 8% subscription.
From here on, Bajaj Finance could be an outperformer: Sandip Sabharwal
Bajaj Finance, which has underperformed in recent years, has a high potential to become an outperformer. This is due to its robust balance sheet growth, controlled asset quality despite growing pressures, and the possibility of a monetary easing cycle. Investors may find established NBFCs like Bajaj Finance, L&T Finance, and M&M Finance to be promising […]
Dixon shares rally over 6% as unit signs deal to make Google Pixel smartphones
Dixon share price: Dixon Technologies shares rose 6.4% after announcing mass production of Google Pixel smartphones at its Padget Electronics unit. Brokerages expect significant revenue growth and maintained a “Buy” rating with a target of Rs 18,654.
RBL Bank shares down nearly 5% on ending credit card partnership with Bajaj Finance
RBL Bank Share Price: RBL Bank shares fell 5% after ending its credit card partnership with Bajaj Finance. Brokerages downgraded RBL’s target price, while Bajaj Finance also saw a decline in shares.
Cochin Shipyard shares rally 5% on securing Rs 1,000 crore Defence Ministry contract
Cochin Shipyard share price: Cochin Shipyard shares surged 5% to Rs 1655.75 after the company secured a Rs 1,000 crore contract with the Ministry of Defence for refitting and dry docking a large Indian Naval Vessel. They reported a 4% YoY increase in net profit at Rs 189 crore for Q2 FY25. Revenue rose 13% […]
Hot Stocks: Brokerages see 14-18% upside in HUL, Titagarh Rail & IndusInd Bank
HSBC maintains a “Buy” on Titagarh Rail, Morgan Stanley cautious on IndusInd Bank, and Axis Capital upbeat on Hindustan Unilever, citing growth opportunities, challenges, and stable outlooks across sectors.
Stocks to buy today: SBI, ICICI Bank among top 9 trading ideas for 2 December 2024
The Indian market is expected to trade higher on Monday, driven by positive global cues. Nifty futures gained 0.84% on Friday, and India VIX fell by over 5%. Options data suggests a trading range between 23,600 to 24,600, with immediate support at 24,000. Experts recommend various stocks for short-term trading, including Alkem Laboratories, SBI, and […]
Adani stocks in focus as Gautam Adani responds to bribery allegations and legal scrutiny
Adani Green Share Price: Adani Green Energy shares rise by 9.1% after Chairman Gautam Adani addresses bribery and fraud allegations, emphasizing resilience and commitment to compliance. Adani highlights challenges faced, including the Carmichael coal mine protests and the 2023 Hindenburg report, stressing the group’s strength and financial stability.
Wipro stock to trade ex-bonus on Tuesday. Last day to buy today
Wipro’s shares, which have surged more than 30% in the past six months, are expected to attract attention on Monday following the company’s announcement of a 1:1 bonus issue, with December 3 set as the record date.
Adani issue: Primary consideration for investors should be returns and efficacy of cash flow: Abizer Diwanji
Investors are advised to focus on returns and cash flow efficiency when making decisions about Adani. While some institutional investors, particularly from the US, may have different considerations, Japanese banks continue to support Adani due to their focus on India’s infrastructure projects. Different compulsions may influence decisions, but financial aspects remain primary.