Ten IPOs close today, with grey market premiums (GMPs) indicating investor sentiment. High-demand issues include Seshaasai, True Colors, and Solarworld, helping track potential listing gains and market appetite.Read More
Indian markets are currently experiencing significant activity across various sectors. Pharma companies like Glenmark, Dr Reddy’s, and Lupin are making advancements. Credit card spending is expected to rise, potentially benefiting SBI Card. Several companies, including Birla and Raymond, are venturing into real estate. However, real estate demand is currently subdued, and oversupply in MMR might...Read More
Indian equity market is seeing caution as Nifty has slipped below 25,000. Market participants are watching support levels. Nifty may head towards 24,800. Bank Nifty is hovering around 55,000. Tata Motors is under selling pressure. MCX is showing strength. Market watchers advise monitoring key levels for further downside pressure. A long-short approach is suggested for...Read More
Epack Prefab Technologies’ IPO saw 42% subscription on Thursday. The IPO of Rupees 504 crore opened on Wednesday and will close on Friday. The IPO price band is Rupees 194 to Rupees 204 per share. The company plans to use the funds for expansion. The IPO’s grey market premium is around 8%.Read More
US stock market shows signs of fatigue. Investors are waiting for the Federal Reserve’s rate cut decisions. Artificial intelligence drives growth in US and China. Geosphere Capital’s Arvind Sanger advises caution due to volatility. He highlights India’s GST efforts but notes global challenges. Energy demand is stable. Buying opportunities exist in India amid global uncertainty....Read More
Indian REITs are outperforming realty stocks, delivering returns up to 29% even as the Nifty Realty index slipped 20%. SEBI’s equity status reclassification is expected to further boost REITs by attracting mutual fund investments and improving liquidity. Experts recommend REITs for stable income, highlighting Mindspace, Brookfield, and Embassy Office for their strong portfolios.Read More
SME IPOs including Gurunanak Agriculture, Matrix Geo, Ecoline Exim, Prime Cable, and Manas Polymers show mixed subscription and GMP trends, indicating varied investor sentiment and potential listing premiums in an IPO-heavy week.Read More
Centurion Accommodation REIT debuted strongly on the Singapore Exchange, with its units opening 11.4% above the IPO price after raising S$771.1 million. This marks Singapore’s second-largest IPO this year, contributing to the country leading Southeast Asia’s IPO market. The listing follows measures to boost Singapore’s equities market and precedes upcoming IPOs like UI Boustead REIT.Read More
Ganesh Infraworld, an EPC firm based in Kolkata, intends to raise funds. The company plans to secure Rs 200-250 crore through a qualified institutional placement soon. Ganesh Infraworld got listed on NSE SME Emerge platform last year. Since its debut, the company’s stock has increased significantly. However, the company’s shares experienced a slight dip recently.Read More
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