Positive Breakout: These 8 stocks cross above their 200 DMAs
In the Nifty 200 pack, eight stocks’ close prices crossed above their 200 DMA (Daily Moving Averages) on June 24, 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 […]
Arisinfra Solutions IPO listing today: Flat GMP suggests muted debut
Arisinfra Solutions is set to list on the BSE and NSE with muted expectations, indicated by a grey market premium of Rs 0, despite strong anchor backing. The IPO, priced at Rs 222, saw modest subscription rates across retail, QIB, and NII categories. While the company reported a recent profit after previous losses, the market […]
LG rewires strategy before hitting IPO switch
LG Electronics India is implementing cost-cutting measures, including reducing in-store sales promoters, due to declining revenue in the first half of 2025. Sales of ACs and refrigerators have been impacted by a cooler summer and weak consumer demand. The company aims to present a strong financial performance before its planned IPO, scheduled for October-November, to […]
HDFC Bank unit HDB Financial Services’ IPO opens today; GMP at 10%. Should you subscribe?
HDB Financial Services, backed by HDFC Bank, is launching its IPO on Wednesday, aiming to raise Rs 12,500 crore. The IPO, priced between Rs 700 and Rs 740, includes a fresh issue and an offer for sale by HDFC Bank. Brokerage houses recommend subscribing, citing strong financials, asset quality, and growth potential, with listing expected […]
Asian stocks muted after rallying on Mideast truce
Asian stocks showed caution as the Israel-Iran truce held and Fed Chair Powell offered balanced rate cut views. Middle East tensions eased, and Powell’s flexible tone boosted equities. While the Fed remains patient, lower inflation could prompt earlier rate cuts, with markets pricing in two cuts by the end of 2025. Trump’s stance on Iranian […]
Uttar Pradesh, Tamil Nadu, and Maharashtra lead cash movement in India amid digital payment growth
Uttar Pradesh, Tamil Nadu, and Maharashtra led in cash transactions through currency chests in May. These states reflect high credit and deposit demand. Five states accounted for 40% of cash deposits and withdrawals. Digital payments are rising, yet cash demand persists. Income is a key driver of currency demand in India.
Is Sambhv Steel Tubes’ IPO a risky bet for investors?
Sambhv Steel Tubes is launching an IPO to raise ₹400 crore for debt repayment and ₹100 crore through an OFS, diluting promoter stake to 56%. With expanding capacity and strong industry growth projections, the company aims to capitalize on rising steel pipe demand.
HDB Financial raises Rs 3,369 crore from 141 anchor investors ahead of IPO
The company allotted 45 million shares at upper price band of ₹740 apiece to these institutional investors. Anchors include LIC, ICICI Prudential Mutual Fund, SBI Mutual Fund, etc.
NSE offers Rs 1,400 crore to SEBI to settle co-location and dark fibre cases
National Stock Exchange has offered ₹1,388 crore to SEBI for settling co-location and dark fibre cases. This move could clear the path for NSE’s initial public offering. The co-location case involved preferential access to NSE’s servers for some brokers. The dark fibre case concerned unauthorized installation of fibre optic lines. SEBI is yet to approve […]
Rupee posts biggest 1-day gain in a month as oil drops to $69
The rupee surged 78 paisa to close at 85.97 per dollar, its biggest single-day gain in a month, supported by falling oil prices and improved risk sentiment after a ceasefire between Israel and Iran.