Studds Accessories has filed preliminary papers with Sebi for an IPO, marking their second attempt. The IPO will be an offer for sale with promoters and other shareholders selling 77.9 lakh shares. Studds designs and sells helmets and accessories in over 70 countries. The company will not receive any funds from the IPO.
Negative Breakout: These 7 stocks cross below their 200 DMAs
In the Nifty500 pack, seven stocks’ close prices crossed below their 200 DMA (Daily Moving Averages) on March 4, according to stockedge.com’s technical scan data.