Tech view: Nifty short-term downtrend sees reversal, forms Doji-like candle. How to trade on Wednesday
Nagaraj Shetti of HDFC Securities stated that the Nifty’s short-term trend appeared to have reversed upward and was currently at the crucial resistance level of 25,200. He suggested that a decisive move above this level could potentially open the door for further gains towards new all-time highs. He also identified the immediate support level for […]
Premier Energies shares continue their bull run, skyrocket 181% since listing
The surge continues as the company, earlier in the last week, announced receiving a Rs 215 crore order from the Uttar Pradesh Department of Agriculture for the supply of 8,085 solar water pumping systems across various districts in the state and is scheduled for completion by March 2025.
Arkade Developers’ Rs 410-cr IPO to open on Sep 16; sets price band at Rs 121-128/share
Proceeds from the issue will be used for development of the company’s ongoing as well as upcoming projects; and funding acquisition of future real estate projects and general corporate purposes.
2 top stock recommendations from Vinay Rajani
Yes, the bullish view should be there and yesterday’s low of 41,800 in the Nifty IT index is a strong support and I feel that that will not break and this is a short-term bottom for the index.
Can we expect a big recovery in largecap private banks soon? Nilesh Shah answers
Nilesh Shah of Kotak AMC discusses the potential effects of RBI’s liquidity coverage ratio guidelines on banks’ profitability and the challenges posed by deposit competition. He also examines government and private sector capex trends, noting possible shortfalls in state investments. Additionally, Shah provides insights into the power sector, predicting shortages and investment opportunities.
3 sectors Vinayak Chatterjee is bullish on for long term
The acute shortage of good public health care that is very clearly leading to a shift of popular movement from public health care facilities to private and that is playing out across India. So, the companies which are listed, take a hard look and I would recommend healthcare stocks across the board.
Kross IPO subscribed 140% so far on Day 2. Check GMP, other details
Kross Ltd.’s IPO, which opened for subscription on Monday, has been subscribed 1.4 times by Tuesday. Retail investors led the demand, followed by non-institutional investors. The Rs 500 crore IPO includes a fresh equity sale and an offer for sale by promoters. Proceeds will be used to repay debt and fund growth.
SBI Life, HDFC Life shares trade 3% lower as GST cut on insurance premiums postponed
SBI Life shares dropped by 3.3%, reaching Rs 1,839.50, while HDFC Life experienced a 3% decline to Rs 714.20. Star Health and Allied Insurance Company also saw a 1.4% decrease, hitting a day’s low of Rs 618 The 54th GST Council meeting was anticipated to offer relief to individuals and senior citizens by addressing the […]
Astrazeneca, Natco Pharma shares rally 4% after GST cut on cancer drugs
In reaction to the update, pharma stocks like Astrazeneca Pharma surged 4.4% to its day’s high of Rs 7,069 on BSE while Fortis Healthcare shares went up by 3% to Rs 563.55 and those of Natco Pharma shot up 2.5% to Rs 1,585.
Bajaj Housing Finance IPO subscribed 3x so far on Day 2; GMP rises to Rs 90
Bajaj Housing Finance’s IPO saw strong demand, being subscribed over three times on the second day of bidding. The retail portion was subscribed 2.37 times, while non-institutional investors showed a subscription rate of 6.82 times. The company aims to raise around Rs 6,560 crore through the public offer.