Be a little cautious now; top 3 ideas to consider in this market: Hemang Jani
Hemang Jani, a market expert, indicates that the recent market momentum may taper off but highlights potential in defence and clean energy sectors due to structural reforms. He recommends cautious investment in specific companies like Deepak Nitrite and BEL amidst broader market volatility, advising against getting carried away by past performance.
Paramatrix Technologies shares list at 5% premium over issue price
Paramatrix Technologies Share Price: Paramatrix Technologies’ shares listed on the NSE SME platform with a 5% premium, debuting at Rs 115 against an issue price of Rs 110. The IPO, a fresh equity sale of 30.76 lakh shares, was subscribed over nine times. Funds will be used for infrastructure, service enhancement, and geographical expansion.
Aeron Composite stock debuts with 20% premium on NSE SME platform
Aeron Composite’s shares listed on the NSE SME platform with a 20% premium at Rs 150, compared to the issue price of Rs 125. The IPO saw a subscription of over 40 times, raising Rs 56.1 crore. Proceeds will fund a new manufacturing unit and other corporate purposes.
Ecos Mobility and Hospitality shares list at 17% premium over IPO price
The IPO has garnered strong investor interest, with a subscription rate of 64.18X. “The IPO’s valuation appears high based on the P/E ratio. Given the mixed financial performance, investors might consider a wait-and-see approach,” advised Shivani Nyati, Head of Wealth at Swastika Investmart. Ecos Mobility has provided chauffeured car rentals & employee transportation services to […]
Rate cut cycle, further production cut announcement by Opec Plus could prop up oil prices: Nadia Elbilassy
According to Nadia Elbilassy of the Equiti Group, oil prices have been under pressure due to already factored-in production cuts and increased US oil production. Weak manufacturing data from China and a softening US economy have also contributed to the decline. The energy sector, including Indian companies, is expected to continue facing challenges until October.
Sebi officials flag ‘toxic’ work culture to government
Sebi officials have complained to the finance ministry about a toxic work culture under chairperson Madhabi Puri Buch. The letter accuses the leadership of using harsh language, setting unrealistic targets, and monitoring employees excessively. Sebi claims issues have been addressed, but concerns about mental health and work-life balance persist.
Ventive Hospitality, a Blackstone JV, lines up Rs 2,500-crore IPO
Ventive Hospitality, a joint venture between Blackstone Group and Panchshil Realty, plans to file for an IPO to raise ₹2,500 crore. The company owns luxury hotels in India, the Maldives, and Sri Lanka. JM Financial and Kotak Mahindra Capital are appointed for the IPO process.
Is the market showing signs of fatigue? Deven Choksey answers
I agree that some part of the IT and pharma, it is slightly looking tired, maybe they have had the run, which is possibly the reason for which they are currently undergoing some amount of quiet movement on the counters.
Bond St lights up with FPI money, more to flow in after Fed rate cut
Foreign ownership of Indian government bonds surged in August, driven by expectations of a US rate cut and JP Morgan’s inclusion of local debt in its index. This trend is likely to continue as global portfolio managers seek emerging market assets, with India benefiting from strong fundamentals and resilient economic data.
Nvidia suffers record $279 billion loss in market value as Wall St drops
Shares of Nvidia plunged 9.5% in a historic single-day decline, shedding $279 billion in market value. This drop reflects investor caution about AI technology amid a broader market selloff following weak economic data. The PHLX chip index also fell significantly, highlighting concerns over the payoff from AI investments.