PNGS Reva Diamond Jewellery’s Rs 380 crore IPO opens Tuesday. Grey market premium suggests modest listing gains. The company plans to expand its store network. Financials show revenue and profit growth. Brokerage views are mixed, with some recommending a subscribe and others an avoid. Investors should consider regional concentration and competition.Read More
Accord Transformer and Switchgear’s SME IPO saw a robust start, subscribed 10.55 times on Day 1 with strong retail and NII participation. The Rs 25.59 crore issue, priced between Rs 43-46, closes on February 25. Grey market signals indicate a potential listing premium of around Rs 13 per share.Read More
China has maintained its key lending rates for the ninth month straight. The one-year loan prime rate remains at 3.0 percent. The five-year rate, which impacts home loans, is also unchanged at 3.5 percent. This decision was announced on Tuesday. Most new and existing loans in China are tied to the one-year rate.Read More
JPMorgan CEO Jamie Dimon said he plans to lead the largest U.S. bank for “a few more years” before potentially transitioning to executive chairman, offering clarity on succession timelines.Read More
Four Nifty 500 stocks, including Blue Jet Healthcare, signalled bullish momentum on February 23 by forming a White Marubozu pattern, indicating strong buying interest. The pattern reflects sustained upward movement throughout the session, suggesting potential near-term upside as traders interpret continued buyer dominance in these counters.Read More
Soaring gold prices are transforming the bullion boom into a balance sheet bonanza for smaller private and PSU banks with substantial gold loan books. These lenders are experiencing robust growth, improved margins, and better asset quality as demand for secured credit surges, outpacing overall credit growth significantly.Read More
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