SRF has given trend line breakout on daily chart and holding well above the same.
Posts in category Business Standard
Nifty Pvt Banks & IT: Check key breakout levels, trading strategies here (31-07-2024)
The Nifty Pvt Banks Index is currently trading within a defined range of 25,900 to 25,400. A close above or below this range would act as a trigger for a directional move.
Vinay Rajani of HDFC Securities suggests buying these stocks on July 31 (31-07-2024)
JB Chemical’s price has surpassed the crucial triple top resistance placed in the range of Rs 1,920-1,930. Stock has broken out from broken out from the consolidation, which held for last four months.
Bank of Maharashtra likely to issue maiden infra bonds to raise Rs 3,000 cr (30-07-2024)
Earlier this month, the bank had raised Rs 1,000 cr via Basel III compliant tier II bonds maturing in 10 years at a coupon of 7.89 per cent
Akums Drugs and Pharma’s IPO gets fully-subscribed on Day 1 of offer (30-07-2024)
The initial public offer of Akums Drugs and Pharmaceuticals got fully-subscribed on the first day of subscription on Tuesday.
The Rs 1,875-crore initial share sale received bids for 2,07,92,684 shares, as against 1,51,62,239 shares on offer, translating to 1.37 times subscription, as per the NSE data.
The issue will conclude on August 1.
The quota for Retail Individual Investors (RIIs) received 3.35 times subscription, while the Non Institutional Investors part got subscribed 1.96 times. The portion for qualified institutional buyers (QIBs) received 43 per cent subscription.
The IPO is a combination of a fresh issue of equity shares worth Rs 680 crore and an offer-for-sale (OFS) of 1.73 crore shares valued at Rs 1,177 crore at the upper-end of the price band by promoters and an existing investor.
Those selling shares in the OFS are Sanjeev Jain, Sandeep Jain and Ruby QC Investment Holdings Pte Ltd.
The public issue has a price range of Rs 646 to Rs 679 per share
Akums Drugs and
Mutual fund body Amfi calls for roll back of equity tax, STT hike (30-07-2024)
Says higher tax will disrupt financialisation of savings
Sebi proposes seven key changes to curb derivatives trading framework (30-07-2024)
Under Sebi’s proposal, exchanges would be required to reduce their offerings in the options segment, limiting to a single benchmark for weekly expiry
Longer tenure bond yields harden after RBI’s FAR securities curb (30-07-2024)
Inflows into shorter tenure bonds likely to be boosted
Sebi mulls disclosure norm changes for FPIs from land-bordering countries (30-07-2024)
The market regulator has proposed linking the disclosure requirements to a minimum threshold to identify whether the FPI is based in an LBC
Don’t want Paytm-like contamination in stock markets, says Sebi chief (30-07-2024)
Decision on mandatory ASBA for secondary market soon