Manilam Industries India’s Rs 40 crore SME IPO opens for subscription on Friday. The issue closes on February 24. Listing is scheduled on the NSE SME platform on February 27. The company is engaged in manufacturing decorative laminates and trading plywood. Proceeds will fund capital expenditure, loan repayment, and working capital.
Negative Breakout: These 10 stocks cross below their 200 DMAs
In the Nifty500 pack, the closing prices of 18 stocks fell below their 200-day moving averages (DMA) on February 19, according to StockEdge.com’s technical scan