Swasth Foodtech India IPO subscribed nearly 4 times on Day 2: Check GMP, price band and other details
Swasth Foodtech IPO: Swasth Foodtech India’s SME IPO, open since February 20, was fully subscribed 3.92 times by February 23. The ₹14.92 crore issue closes on February 24, with listing expected on February 28. The company specializes in processing edible rice bran oil.
Gold drops by Rs 700 to Rs 88,750 per 10g, silver falls by Rs 300
Gold prices retreated from the record high level in the national capital on Friday, declining by Rs 700 to Rs 88,750 per 10 grams due to weak demand from jewellers and stockists, according to the All India Sarafa Association.
Singapore rolls out tax rebates, $3.7 billion program to boost stock market
Singapore announced on Friday a set of measures to rejuvenate its equities market, including a 20% tax rebate for primary listings and a S$5 billion ($3.74 billion) program that focuses on investing in domestic stocks.
Correction in small, midcaps: No need for statement, says Buch
Small and midcap stocks have turned bearish, with some plunging over 20% in a short span. In March 2024, Buch warned of high valuations, cautioning against market froth. “Some call it a bubble, some call it froth. It may not be appropriate to let it keep building,” she stated, highlighting risks in these sectors.
Commodity Talk: Will Trump tariff on steel, aluminium trigger dumping into India? Naveen Mathur of Anand Rathi explains
India is not a major exporter of metals to the US, but any global price shift would surely impact the domestic pricing also. If Chinese producers or the European Union producers divert supplies to other nations, including India, we may see a glut with respect to the oversupply.
Correction in small, midcaps: No need for statement, says Buch
Sebi Chairperson Madhabi Puri Buch on Friday said there is “no need” for the capital markets regulator to comment on the recent steep correction in small and midcap stocks.
BSE unit ICCL demand Rs 100 crore from NSE
ICCL has demanded Rs 100 crore from NSE as pending clearing and settlement dues since September 2022. NSE disputes overcharges, claiming Rs 51 crore refund is pending. Meanwhile, NSE Clearing seeks Rs 104 crore from BSE for the Settlement Guarantee Fund. SEBI is aware of the dispute under the interoperability framework.
Stocks to buy today: Morgan Stanley initiates coverage on JSW Energy; Elara Capital sees 37% upside in Adani Energy
Nomura has kept a ‘Buy’ rating on Axis Bank, highlighting its attractive valuations and strong RoA/RoE outlook, with a target price of Rs 1,230, implying a 20% upside.
Sectoral investment picks: Sandip Sabharwal’s top stocks in infrastructure & pharma
Sandip Sabharwal is fully invested, favouring capital goods and infrastructure stocks like NCC and Ahluwalia Contracts.
NHPC shares rally 10% in 2 days after CLSA upgrades to ‘high conviction outperform’
NHPC Ltd’s shares rise by 10% in 2 days following CLSA’s upgrade to ‘High Conviction Outperform’ despite a slight reduction in target price to Rs 117. CLSA cites attractive entry point and significant future growth potential due to new projects and regulated equity expansion as reasons for the bullish outlook.