Shree Ram Twistex IPO was subscribed 30% on Day 2, with the retail portion oversubscribed more than two times while QIBs remained absent. The grey market premium rose to 9%, indicating a potential listing around Rs 113. The Rs 110 crore issue closes on February 25.Read More
Gold prices are experiencing significant volatility, driven by narratives of global risk and uncertainty rather than traditional fundamentals. Central bank purchases and investor demand, particularly from China, have fueled this surge. Traditional valuation models are now irrelevant as gold trades at a significant premium. The rally’s continuation depends on ongoing liquidity and investor belief in the prevailing narratives.Read More
South India’s cement sector is witnessing a promising price recovery, with sustained hikes and a shift towards value over volume. Experts anticipate significant price increases in the coming months, driven by a focus on profitability and a projected 7-8% volume growth next fiscal year, largely fueled by rural demand. This trend signals a potential for improved industry performance.Read More
IT stocks slumped on February 24, falling up to 8%, after IBM plunged 13% on Wall Street—its worst drop in 25 years—amid concerns that Anthropic’s Claude AI tool could streamline COBOL code and disrupt IBM’s legacy business. The weakness spilled over to Indian IT names.Read More
Shares of four companies backed by ace investor Vijay Kedia tumbled up to 20% on Tuesday after investors reacted to AI startup Anthropic’s new security tool, Claude Code Security, which detects and fixes vulnerabilities in open-source software. TAC Infosec, where Kedia holds a 9.58% stake, hit a 20% lower circuit, while TechD Cybersecurity fell over 14%.Read More
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