Shyam Dhani Industries debuted on the NSE SME platform with a remarkable 90% premium, opening at Rs 133 against its IPO price of Rs 70. This stellar listing followed an aggressively subscribed IPO, attracting significant demand across all investor categories. The company, a manufacturer of spices and grocery products, reported steady financial growth and strong return ratios in recent years.
Negative Breakout: Suzlon Energy among 8 stocks that crossed below their 200 DMAs
In the Nifty500 pack, eight stocks’ closing prices crossed below their 200 DMA (Daily Moving Averages) on July 28, according to stockedge.com’s technical scan data.