What to do with Vodafone Idea, HUDCO, Oil India and 3 other stocks? Aamar Deo of Angel One decodes
It is a foregone conclusion that there is a very high probability of a rate cut, it’s the quantum of the cut that is driving the markets. Also, it is being expressed by some quarters in the US, that the US Fed appears to be behind the curve this time, in rate cuts.
2 near-term triggers for the market; earnings visibility highest in consumption-driven sectors: Sandeep Bhatia
Sandeep Bhatia of Macquarie Capital highlights the importance of state elections and US political stability for market triggers. He emphasizes earnings visibility in domestic consumption sectors and discusses trends in the auto industry, particularly luxury cars and SUVs. Bhatia also notes the potential impact of interest rate adjustments on NBFCs and private sector banks.
Gala Precision Engineering shares list at 42% premium over IPO price
Gala Precision Engineering Share Price: Gala Precision Engineering’s shares debuted on the exchanges with a significant premium, listing at Rs 750 on BSE and Rs 721.1 on NSE. The IPO saw a strong subscription of 200 times. The funds will be used for setting up a new facility, purchasing equipment, and repaying debt.
Axis mutual fund front-running: ED registers case under FEMA, conduct raids
In February of the previous year, SEBI prohibited Joshi and 20 other entities from participating in the securities market due to their involvement in front-running. The regulator claimed these entities collectively profited unjustly to the extent of Rs 30.56 crore through their trading activities, which SEBI ordered to be seized.
Suzlon Energy shares jump 3% on winning India’s largest wind energy order from NTPC
Suzlon Energy’s shares rose 3% after securing a 1,166 MW wind energy order from NTPC Green Energy. The project in Gujarat will power 3 million households and boost Suzlon’s PSU presence.
Premier Energies shares rally 41% in 3 days on Rs 200 crore order win from UP Government
Premier Energies Share Price: Premier Energies’ shares surged 41% in three days after securing a Rs 215 crore order from Uttar Pradesh for solar water pumping systems. The project, under the PM-KUSUM scheme, aims to be completed by March 2025. The company’s IPO saw strong investor interest, with shares debuting at a significant premium.
Ola Electric shares fall 4% as lock-in ends for 18 crore shares
The expiry of the anchor lock-in period has released 18.18 lakh shares for trading. This marks the end of a regulatory restriction designed to prevent large-scale selling and stabilize stock prices after an IPO. Typically, anchor investors are required to hold 50% of their shares for 30 days and the remaining 50% for 90 days. […]
Shree Tirupati Balajee IPO subscribed 25 times so far on Day 3. Check subscription, GMP and other details
Shree Tirupati Balajee Agro Trading’s IPO saw a 25x subscription, with strong demand from non-institutional and retail investors. GMP indicates a 49% listing potential. Price band is Rs 78-83.
Deep industries shares skyrocket over 19% to hit all-time high on Rs 1402 crore order win
In an exchange filing, the company stated, “Deep Industries Ltd (DIL), a leading integrated solutions provider for oil and gas field operations, has secured a significant order valued at Rs 1,402 crore from ONGC.”
China’s slowdown stalling commodities rally despite weak dollar: Sandip Sabharwal
Secondly, we have been somewhat resilient on most global falls. So, if you see many of the Asian indices, they are now actually YTD negative, whereas we are still mid-teen positive and that has taken our valuations much-much higher than most other emerging market valuations.