Positive Breakout: These 3 stocks cross above their 200 DMAs
In the Nifty200 pack, three stocks’ close prices crossed above their 200 DMA (Daily Moving Averages) on May 26, according to stockedge.com’s technical scan data.
Astonea Labs IPO opens today: Here’s what you need to know before subscribing
Astonea Labs launched its IPO on May 27, aiming to raise ₹37.67 crore through a fresh issue of shares, closing on May 29. The IPO, with a price band of ₹128 to ₹135 per share, will fund expansion, brand promotion, and working capital.
Why are late-stage startups relying on private credit before their IPOs?
Late-stage Indian startups like InMobi, Zepto, and Zetwerk are increasingly securing private credit before their IPOs. This strategy allows them to buy out early investors, streamline their capital structures, and potentially increase valuations. These deals, typically costing 14-18% annually, are repaid from IPO proceeds, offering private credit funds downside protection and equity upside potential as […]
Can Titan maintain strong growth despite challenges from high gold prices?
According to Emkay Global Financial Services, Titan observed an impact on consumer sentiment due to high gold prices, in gold jewellery, within the sub-₹50,000 price band. In the higher price band, buyer growth was seen with higher demand for simple designs that attracted lower making charges. To offer more options to consumers amid steep gold […]
Sebi fines MCX Rs 25 Lakh for disclosure lapses
Sebi has levied a ₹25 lakh penalty on Multi Commodity Exchange of India (MCX) due to insufficient disclosures concerning payments made to 63 Moons Technologies for software services. The regulator found lapses in disclosing payments related to the trading software contract. MCX is required to pay the fine within 45 days, as per Sebi’s order.
Asian shares start cautiously, dollar edges down
Asian shares opened cautiously amid anticipation of fresh trade news influencing US asset demand. The dollar weakened as trade tensions and US fiscal concerns persisted. Investors are closely monitoring President Trump’s trade dealings with Japan and India, while China pushes for yuan usage in cross-border trade. Nvidia’s results and the upcoming US inflation data will […]
Hot Stocks: 4 stocks that may give returns between 15-57%
Analysts predict significant growth for select stocks, with potential returns ranging from 15% to 57%. Aurum Proptech is expected to benefit from the expanding proptech sector, while Radico Khaitan aims to increase its premium whisky market share. GMR Airports anticipates EBITDA growth, and GE Vernova T&D India foresees strong demand and earnings growth.
NSE to add Kfin,360 One, Amber, and PG Electro in F&O trading
The exchange said the futures and options contracts on these securities would be available for trading with effect from June 27. “The market lot and scheme of strikes of the above mentioned securities shall be informed to members on June 26, through a separate circular,” said NSE’s circular.
India invites BRICS nations to boost startup cooperation
This is the first-of-its-kind dedicated platform for BRICS nations, aimed at enhancing cross-border collaboration and strengthening startup ecosystems across member countries.
Eternal shares drop 4.5% on foreign shareholding cap
Eternal’s shares declined 4.5% due to the company’s decision to limit foreign shareholding to 49.5%, potentially triggering significant selling by overseas passive funds. Nuvama Alternative & Quantitative Research estimates outflows ranging from $820 million to $1.3 billion as MSCI and FTSE benchmarks reduce the stock’s weightage. This shift stems from Eternal’s move to become an […]