Tech view: Nifty closes below 100 DEMA; uptrend intact. How to trade tomorrow
According to Nagaraj Shetti of HDFC Securities, Nifty remains in an uptrend on long-term weekly charts, with further consolidation presenting a potential buy-on-dip opportunity. Key levels to watch include immediate support at 24,550 and overhead resistance at 24,800.
Vedanta, Infosys among 6 largecap stocks that outperformed Nifty50
Data from StockEdge reveals that several large-cap stocks within the Nifty200 index outperformed the benchmark Nifty50 over 1-week and 3-month periods as of December 13.
GK Energy files DRHP with Sebi, plans to raise Rs 500 crore via fresh issue
The IPO will comprise a fresh issue of shares worth ₹500 crore (face value ₹2) and an OFS of 84 lakh shares, as per the DRHP. The OFS includes 80 lakh shares by Gopal Rajaram Kabra and 4 lakh by Mehul Ajit Shah.
IGI to use IPO proceeds of India entity to make acquisitions: IGI management
IGI, a leading gemstone and diamond certification body, is pursuing an IPO in India to consolidate its global operations and capitalize on the growing lab-grown diamond market. The move aims to integrate IGI’s strong Indian manufacturing base with its retail presence in Western markets, particularly the US. Blackstone, the current majority owner, will retain a […]
LG eyes up to $15 billion valuation for India unit IPO: Report
LG Electronics may boost its Indian unit’s valuation to $15 billion for a Mumbai IPO in 2025. The roadshow will begin within two months. The company initially targeted a $13 billion valuation. LG may raise $1 billion to $1.5 billion. Indian IPOs are booming, with nearly $18 billion raised this year.
13-14% market returns possible with GDP and efficiency gains for next 5 years: Sandip Sabharwal
So, people need to wait either for an overall midcap, smallcap correction when these stocks normally fall more than the market or due to some fall due to bad results, bad news, etc.
Time to accumulate quality stocks; don’t see any big correction coming: Sandip Sabharwal
Even now, it will do well on the largecap side and on the beaten down auto side, Maruti and Bajaj Auto have got beaten down substantially because of inventory sale growth concerns, so those have reasonable value at this stage, I would think.
India should set itself the challenge of being three times as big as Japan in 15 years: Jim O’Neill
Jim O’Neill, creator of the BRICs acronym, believes India’s economic potential is vast, suggesting it could surpass Japan threefold and rival half the US economy by 2035. He questions Trump’s predictability, highlighting the appointment of experienced Treasury Secretary Janet Yellen and the potential for a global economic deal involving China, Europe, and the US.
Premier Explosives shares rally 10% on signing MoU to form JV in defence and aerospace
Premier Explosives shares rose 10% after signing an MoU with Global Munition for a joint venture to manufacture defense and aerospace products. The company also received a Rs 89.20 crore order from SCCL.
HBL Power Systems shares climb 6% after securing Rs 1,522 crore KAVACH order
HBL Power System Share Price: HBL Power Systems’ shares surged over 6% after securing a ₹1,522.40 crore order from Chittaranjan Locomotive Works for the KAVACH Train Collision Avoidance System. The 12-month project will equip 2,200 locomotives. Despite a recent dip in quarterly revenue, the company’s stock has seen significant gains this year, prompting overbought signals.