Interarch Building Products Ltd. (Subscribe)
Highlights Issue Size –: 6,669,852 sharesIssue Open/Close – 19 Aug / 21 Aug, 2024Price Band (Rs.) 850 – 900Issue Size (Rs.) – 6,002 mnFace Value (Rs) 10Lot Size (shares) 16 Interarch Building Products Limited (IBPL) incorporated on 1983, is one of the leading turnkey pre-engineered steel construction solution providers in India with integrated facilities for design and...
Market Morning Notes 16th August 2024
Markets activity remained lacklustre on Wednesday, with Nifty ending unchanged while Bank Nifty continued to extend losses. The short-term support for Nifty is seen at 24,100 below which we expect selling to extend towards 22,500. The recent rebound in USDJPY has provided some short-term relief for the Indian markets but the larger setup of global markets is still positioned for a major...
Market Morning Notes 13th August 2024
Markets failed to trigger larger decline despite Hindenburg revelation on SEBI chief with Nifty managed to recoup most of losses and ended on a flat note. At present, the key risk for Indian markets remains from movement in Japanese Yen and we expect Nifty to trigger follow-up selling towards 22,500 on back of JPYINR rising above 57.50. In the past few days, crude prices have seen surge of 8%...
Market Morning Notes 12th August 2024
Markets last week triggered a breakaway gap on the back of unwinding emerging from the yen carry trade, with Nifty finally settling with losses of 1.5%. With Hindenburg putting an allegation on Sebi chief in involvement in Adani offshore funds, we expect markets to remain under pressure as global agencies would raise questions over governance issue in regulatory body. For Nifty, crucial...
Bangladesh Crisis – Impact on Indian stocks and sectors
What Exactly Happened? Protesters in Bangladesh took to the streets against a quota system that gives 56 pct of government jobs to certain groups, including 30 pct to descendants of fighters who fought in the 1971 War of Independence. This seriously reduced the opportunities available to the youth, furthering unemployment. Under immense pressure from an earlier student mobilization over...
Market Morning Notes 9th August 2024
Markets witnessed sharp swings on Thursday with Nifty entering positive terrain and later settling with losses of 1%. The breakaway gap clearly has been acting as a major resistance at higher levels which are placed at 24,400 and any possibilities of recovery could fade it if USDJPY slips back below 146 mark. Overall view suggests that any upside rally is to to be considered as a mere...
Market Morning Notes 8th August 2024
Markets gained more than percent on Wednesday on back of positive global cues with Bank of Japan assuring of not raising rates during market turbulence. Nifty formed a small inside bar with doji with failing to cross above Tuesday’s day. On the broader market front, the data has not been encouraging with Nifty Total Market Index confirming a breakaway gap and forming an upthrust within...
Market Morning Notes 7th August 2024
Markets pared opening gains on Tuesday to finally end in the negative terrain but managed to hold short term support of 50 DMA amidst positive global market cues. With appearance of breakaway gap, the downtrend of a larger amplitude has been activated with an immediate target seen at 22,500. We expect selling from Yen Carry trade unwinding to spill over to equities in the coming days after...
Brainbees Solutions Limited.
Highlights Issue Size –: 90,187,690 sharesIssue Open/Close – 06 Aug / 08 Aug, 2024 Price Band (Rs.) 440 – 465Issue Size (Rs.) – 41,937 mnFace Value (Rs) 2Lot Size (shares) 32 Brainbees Solutions Limited (FirstCry) incorporated on 2010, is India’s largest multi-channel retailing platform for Mothers’, Babies’ and Kids’ products, in terms of GMV, for the FY24 with a...