Highlights
Issue Size –: 11,111,111 sharesIssue Open/Close – 18 Dec / 20 Dec, 2023Price Band (Rs.) 340 – 360Issue Size (Rs.) – 4,000 mnFace Value (Rs) 5Lot Size (shares) 41
Suraj Estate Developers Limited (SEDL) incorporated in 1986 at Mumbai, is engaged in the real estate business and develops real estate across the residential and commercial sectors in South Central Mumbai region....
Markets for the week extended gains for seventh straight week which forced Sensex to cross weekly resistance line of rising wedge placed at 70,400 on back of gains mainly from technology Index. The short covering by FIIs on weekly call options further amplified upmove in Nifty 50 index forcing them to delta neutral cash based buying worth Rs 9,000 crore. At the current juncture, the major...
Markets surged on back of highly dovish stance by US Fed that helped Nifty to surge beyond 1% while Nifty service sector which has mainly technology and financial stocks rallied by more than 1.5%. At present, the expectations have been priced in of a 160-bps rate cut in 2024 which has led to US Dollar weakening against developed currencies and put a unwinding risk from carry trade. The spike...
Highlights
Issue Size –: 22,110,955 sharesIssue Open/Close – 14 Dec / 18 Dec, 2023Price Band (Rs.) 627 – 660Issue Size (Rs.) – 14,593 mnFace Value (Rs) 2Lot Size (shares) 22
Inox Group company, Inox India Limited (INOXCVA) was incorporated in 1976 is the largest supplier of the cryogenic equipment in India by revenue in FY23 and the first Indian company to manufacture a trailer mounted...
Markets ended on a flat note after initial lower opening to close on marginal positive note ahead of U.S Fed monetary policy. With Fed turning dovish and expectation of at least three rate cut in 2024, Dollar Index has seen major slide. For Indian markets major risk comes from Japanese Yen appreciation with JPYINR already crossing above 58.80 in the early opening hour. For Nifty, inspite of...
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Essential Guide to Income Tax Declaration – ITD
An income Tax Declaration (ITD) is a crucial...
Markets succumbed to selling pressure on Tuesday after inability to sustain above the psychological barrier of 70,000 in Sensex and was followed with negative closing of around 0.5%. The long-term charts clearly depicts completion of rising wedge on long term basis and we expect signs of initial weakness to prevail on close below 69,200 which turns out to be support of Regression Channel of...
Highlights
Issue Size –: 15,189,873 sharesIssue Open/Close – 13 Dec / 15 Dec, 2023Price Band (Rs.) 750 – 790Issue Size (Rs.) – 12,000 mnFace Value (Rs) 10Lot Size (shares) 18
DOMS Industries Limited (DIL) engage in the business of designing, developing, manufacturing, and selling a wide range of stationery and art items in the home market as well as in over 45 countries worldwide,...
Highlights
Issue Size –: 24,340,771sharesIssue Open/Close – 13 Dec / 15 Dec, 2023Price Band (Rs.) 469 – 493Issue Size (Rs.) – 12,000 mnFace Value (Rs) 5Lot Size (shares) 30
India Shelter Finance Corporation Limited (ISFCL) incorporated in 1988 under name of Satyaprakash Housing Finance Limited and later in 2010 company got fresh certification of incorporation. The Company is non-deposit...
Markets ended with marginal gains on Monday with formation of small doji star as Sensex approached towards the resistance line. For the week, the focus remains on the U.S Fed meet scheduled on Wednesday where outlook for interest rate projection for 2024 is expected. Any signs of weakness in Dollar Index may trigger volatility in global markets as Japanese Yen is already showing signs of...