Swiggy IPO: GMP at 5% in unlisted market 3 days ahead of issue opening
The grey market premium (GMP) of Swiggy stood at 5% or Rs 19 in the unlisted market three days ahead of its initial public offering (IPO), which will hit the Street on November 6 and will be available till November 8. However, a month ago, Swiggy shares were trading at Rs 515 in the unlisted…
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Smallcaps run risk of extended selloff as earnings slow
The tide is turning against Indiaβs smaller companies as weak earnings and a souring economic outlook spur a downturn in their shares. Key gauges of small- and mid-sized companies have tumbled since hitting September highs, putting them close to a so-called technical correction of a 10% peak-to-trough decline. The Nifty Midcap 100 Index is heading…
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United Heat Transfer shares list at 3% premium over IPO price on NSE SME platform
The shares of United Heat Transfer debuted on the NSE SME platform at a premium of 3.3% on Tuesday. The stock listed at Rs 60.95 as against an issue price of Rs 59. Considering the upper price band of Rs 380, the stock is expected to list at a premium of 29% over the issue…
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Danish Power shares list at 50% premium over IPO price on NSE SME platform
The shares of Danish Power debuted on the NSE SME platform at a premium of 50% on Tuesday. The stock listed at Rs 570 as against an issue price of Rs 380. The IPO was entirely a fresh equity sale of 52.08 lakh shares and through the issue, the company raised about Rs 198 crore,…
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Deepak Builders shares list at 1.5% discount over IPO price
Deepak Builders and Engineers shares debut on the exchanges on Monday, listing at Rs 200 on the NSE, a 1.5% discount over its issue price of Rs 203. Considering the upper price band of Rs 203, the stock is expected to list at a healthy premium of 16% over the issue price. However, it is…
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Premium Plast shares to debut on NSE SME platform today. GMP hints at healthy gains
The shares of Premium Plast will debut on the NSE SME platform on Monday. Ahead of the listing, the company’s shares are trading with a GMP of Rs 9. Considering the upper price band of Rs 49, the stock is expected to list at a premium of 19% over the issue price. The IPO was…
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Coforge, Radico Khaitan among 4 small & midcap stocks that hit 52-week highs on Friday – Rising High
IRFC Share Price 134.43 04:00 PM | 25 Oct 2024 -4.6(-3.31%) Suzlon Energy Share Price 67.47 04:00 PM | 25 Oct 2024 -1.69(-2.43%) IREDA Share Price 191.26 04:00 PM | 25 Oct 2024 -8.94(-4.47%) Tata Motors Share Price 864.3 04:00 PM | 25 Oct 2024 -15.71(-1.79%) YES Bank Share Price 19.38 04:00 PM | 25…
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Freshara Agro Exports shares to list today. Here’s what to expect
The shares of Freshara Agro Exports will debut on the NSE SME platform on Thursday. Ahead of the listing, the company’s shares traded with a GMP of Rs 80 in the grey market. Considering the upper price band of Rs 116, the stock is expected to list at a premium of 69% over the issue…
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Goldman Sachs cuts Indian stocks to neutral on slowing growth
Goldman Sachs Group Inc. tactically lowered Indian equities to neutral from overweight as slowing economic growth dents the outlook for corporate earnings. βWhile we believe the structural positive case for India remains intact, economic growth is cyclically slowing down across many pockets,β strategists including Sunil Koul wrote in a note on Tuesday. Worsening earnings sentiment,…
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F&O Radar| Deploy Bear Put Spread in Nifty to gain from bearish stance, market volatility
The Nifty Index opened flattish on Tuesday but bears were in full control right from the beginning of the session. The selling intensity increased in the second half and the index broke 24,450 zones. It formed a bearish candle on a daily frame and closed below 24,500 zones with losses of around 310 points. βNow,…
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