Manilam Industries is set to list on the NSE SME platform on February 27. The IPO closed on February 24 and was subscribed 6.25 times overall. The company plans to use the funds for equipment, solar panels, loan repayment, and working capital. Manilam Industries manufactures decorative laminates and trades in plywood.
Negative Breakout: These 10 stocks cross below their 200 DMAs
In the Nifty500 pack, 10 stocks’ closing prices crossed below their 200 DMA (Daily Moving Averages) on April 2, according to stockedge.com’s technical scan data.