Stocks to buy today: Wipro, L&T among top 9 trading ideas
The Indian market is expected to consolidate, with Nifty facing resistance at 24,850 and support at 24,400. Analysts suggest a trading range between 24,200 and 25,000. Several stocks are recommended for short-term trading, including Nippon Life, APL Apollo, and Jindal Steel.
HG Infra shares in focus after bagging Rs 763-crore road project from Transport Ministry
HG Infra Engineering secured a ₹763.11 crore highway project in Uttar Pradesh from the Ministry of Road Transport and Highways. The project involves upgrading a 63.84 km stretch of National Highway 227B. Despite a recent dip in quarterly profits, the company’s stock has performed well, rising 72% in 2024.
Sai Life Sciences IPO opens today. Check key dates, price band, GMP, and review
Sai Life Sciences’ ₹3,042 crore IPO opens today, closing December 13. The offer includes a fresh issue and an OFS, aiming to repay debt. Priced at ₹522-549 per share, analysts advise caution due to high valuation and OFS-heavy structure, despite strong financial performance.
Supreme Facility Management IPO opens today: Check key dates, GMP, price band and other details
Supreme Facility Management’s Rs 50 crore SME IPO opened for subscription on December 11 and closes on December 13. The company offers integrated facility management services and aims to list on NSE SME. Priced at Rs 72-76 per share, the IPO will utilize proceeds for working capital, new store openings, and corporate purposes.
Positive Breakout: These 5 stocks cross above their 200 DMAs
In the Nifty500 pack, five stocks’ close prices crossed above their 200 DMA (Daily Moving Averages) on December 10, according to stockedge.com’s technical scan data. The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock. As long as the stock is priced above the 200-day […]
Big movers on D-Street: What should investors do with Greaves Cotton, BEL and Mishtann Foods?
Sensex and Nifty closed flat on Tuesday. Greaves Cotton surged 18%, reaching a 52-week high, while Mishtann Foods declined 9%. BEL saw a marginal increase. Analysts suggest buying Greaves Cotton on dips, exiting Mishtann Foods, and considering BEL for long-term gains.
Vishal Mega Mart IPO opens today. Check key dates, GMP, price band, subscription and review
Vishal Mega Mart launches its Rs 8,000 crore IPO today, open for bidding until December 13. The offer comprises 102 crore shares, entirely an OFS, benefiting the promoter. Priced at Rs 74-78 per share, the IPO enjoys a GMP of Rs 24-25. Analysts recommend subscribing, citing the company’s loyal customer base and diverse brand portfolio.
MobiKwik IPO opens today. Check key dates, price band, GMP, and review
Digital payments platform MobiKwik’s IPO opens today, closing December 13th. The Rs 572 crore offering aims to fuel growth in financial services, AI, and infrastructure. Priced at Rs 265-279 per share, the IPO shows a promising grey market premium. Analysts recommend it for high-risk investors, citing the company’s recent profitability and growth despite high valuation.
Asian stocks fluctuate as traders await US CPI
Japanese and Australian equities slipped, while Korean shares rose. S&P 500 contracts were little changed on Wednesday following a 0.3% drop for the index in the US. Bond yields rose in the runup to the consumer price index data.
Rupee weakens to new low of 84.85/$
“It is possible now (after the new governor takes charge) that a bit more flexibility is allowed in currency fluctuations going forward, as compared to the relatively tighter leash seen over the last one year and more,” said Sonal Varma, chief economist, India and Asia ex-Japan, Nomura.