Skyways Air Services plans a ₹399 crore IPO to repay debt and fund working capital. The company’s promoter stake will decrease significantly after the initial public offering. Revenue and profits have shown strong annual growth between FY24 and FY26. Skyways Air Services has been the leading air freight forwarder for four years. The issue is recommended for long-term investors with high risk tolerance.
Negative Breakout: These 5 stocks cross below their 200 DMAs
In the Nifty200 pack, five stocks’ closing prices crossed below their 200-day moving averages (DMA) on October 23, according to technical scan data from StockEdge.