What Is Asset Allocation And Why Is It Important?
Mastering the basics of asset allocation is the cornerstone of a successful investment strategy. By strategically spreading your investments across diverse asset classes—whether it’s stocks, bonds, or cash equivalents—you unlock the potential for higher returns while mitigating risk. The practice of distributing your investments across various types of assets holds the key to...
Market Morning Notes For 24th Nov 2023
Markets ended on a flat note on Thursday on the back of a lack of global triggers with Nifty Bank rebounding to end in marginally positive terrain. As long as Nifty Bank trades convincingly below 50 DMA, the risk of selling spreading across other sectors is likely as financials hold 35% within the Nifty 50 Index. Also, the Next Notes Nifty 2X PR Leverage Index which is Nifty 50 in the...
Flair Writing Industries Ltd. (Subscribe)
Issue Size –: 19,506,578 sharesIssue Open/Close – 22 Nov / 24 Nov, 2023Price Band (Rs.) 288 – 304Issue Size (Rs.) – 5,930 mnFace Value (Rs) 5Lot Size (shares) 49 Flair Writing Industries Limited (FWIL) was incorporated in 2016 and is among the top 3 players in the writing instruments industry with Rs. 9,150 mn+ sales in FY23 and approx. 9 pct domestic market share and 7 pct export...
Fedbank Financial Services Ltd. (Avoid)
Highlights Issue Size –: 78,073,810 sharesIssue Open/Close – 22 Nov / 24 Nov, 2023Price Band (Rs.) 133 – 140Issue Size (Rs.) – 10,922 mnFace Value (Rs) 10Lot Size (shares) 107 Fedbank Financial Services Limited (Fedfina) incorporated on 1995 which is promoted by the Federal Bank Limited is a retail focused non-banking finance company (NBFC) that caters MSMEs and the emerging...
Market Morning Notes For 23rd Nov 2023
Markets on Wednesday witnessed divergent trend with Nifty Bank ending lower while recovery in the IT sector helped Nifty to surpass 19,800 levels. The Sensex has been struggling to cross its intermediate high and Nifty Bank has been consistently trading below 50 DMA which does not augur well for strength of markets. For Sensex, trend reversal is seen on close below 65,356 i.e. 1% below the...
Market Morning Notes For 22nd Nov 2023
Markets on Tuesday remained range bound with Sensex closing above 50 DMA on back of gains from commodities stocks while Bank Nifty remained underperformer and continued to remain lower below 44170 i.e. the 50 DMA. In the past few days, gains in Nifty has been on the back of rising India VIX index and with India VIX crossing above 12% mark which is 200 EMA, there is a risk of sudden surge of...
Gandhar Oil Refinery India Ltd. (Subscribe)
Highlights Issue Size –: 29,626,732 sharesIssue Open/Close – 22 Nov / 24 Nov, 2023Price Band (Rs.) 160 – 169Issue Size (Rs.) – 5,006 mnFace Value (Rs) 2Lot Size (shares) 88 Gandhar Oil Refinery India Ltd. (GORIL) is incorporated in 1997, is a widely known name in the world of Speciality Oils. Gandhar is a leading manufacturer of white oils by revenue, engaged in producing...
Market Morning Notes For 21st Nov 2023
Markets remained under pressure on Monday with BSE Sensex closing near 50 DMA while Bank Nifty ended flat despite sharp selloff in rupee against EURO, GBP and JPY. The sharp decline in Dollar Index is likely to aggravate further selling pressure as carry trade unwinding may force selling in Indian Bonds abroad. From a Nifty perspective crucial support based on diamond top formation is placed...
Indian Renewable Energy Development Agency Limited (IREDA) – Subscribe
Highlights Issue Size –: 671,941,177 sharesIssue Open/Close – Nov 21 /Nov 23, 2023Price Band (Rs.) 30 – 32Issue Size (Rs.) – 21,502 mnFace Value (Rs) 10Lot Size (shares) – 460 Indian Renewable Energy Development Agency Limited (IREDA) was incorporated in 1987, is a wholly owned Government of India enterprise under the administrative control of the Ministry of New and...