Buy ONGC 190 Call option and simultaneously Sell 195 Call of the September series, recommends Nandish Shah, Sr. derivatives & technical research analyst of HDFC Securities.
Posts in category Business Standard
Trading strategies for Nifty Metal, Energy indices (15-09-2023)
According to Ravi Nathani, an independent technical analyst, one should await for buying opportunities in Nifty Metal, whereas in case of Nifty Energy one can look for opportunites to sell.
Gold, silver prices unchanged, yellow metal trading at Rs 59,450 per 10g (15-09-2023)
The price of 22-carat gold also remained the same, with the yellow metal selling at Rs 54,500
Stocks to Watch today, Sep 15: Infosys, Airtel, BoM, GMM Pfaudler, Sequent (15-09-2023)
Stocks to watch on Friday, September 15, 2023: Buzzing today – Infosys secures a $1.5 bn global deal, GMM Pfaudler inks $7 mn acquisition and RBI places 15 NBFCs in top layer.
Sebi issues revised quarterly reporting for Alternative Investment Funds (14-09-2023)
Markets regulator Sebi on Thursday issued a revised quarterly reporting format for Alternative Investment Funds (AIFs) to ensure compliance and uniformity.
The quarterly reporting format has been reviewed in consultation with the industry associations such as Indian Venture and Alternate Capital Association (IVCA) and Equalifi, Sebi said in its circular.
The revised reporting format will be uploaded by AIF associations on their website within two working days of the issuance of the circular. Further, these associations will also provide assistance to AIFs in understanding and addressing the reporting requirements, Sebi said.
AIFs will have to submit their quarterly reports online via Sebi intermediary portal (SI portal) within 15 calendar days from the end of each quarter.
However, this schedule needs to be followed December quarter onwards, the regular said.
To facilitate a smooth transition, the association will work with all AIFs to ensure that the trial run of the revised …
Sai Silks sets Rs 210-222 per share price band for Rs 1,201 crore IPO (14-09-2023)
Ethnic apparel retailer Sai Silks (Kalamandir) on Thursday fixed a price band of Rs 210-222 per share for its Rs 1,201 crore-initial share sale, which opens on September 20.
At the upper end of the price band, the Initial Public Offering (IPO) will fetch about Rs 1,201 crore.
The Hyderabad-based company was founded by Prasad Chalavadi, a techie turned entrepreneur in 2005.
The offer consists of Rs 600 crore of fresh issue and an equal amount of Offer For Sale (OFS) through which the promoter family will divest 30 per cent of their 95.5 per cent shareholding, Chalavadi told PTI.
The remaining 4.5 per cent of the bootstrapped ethnic retailer of premium and mid-income women’s wear primarily sarees, are with the employees, he added.
At Rs 210 a share price band, the floor price 105 times and the cap price is 111 times the face value of the shares.
The OFS comprises promoters and some of the employers selling up to 2.70 crore equity shares.
The selling promoters are Nagakanaka Durga
Government bond yield decline to seven-week low, say market dealers (14-09-2023)
Traders rushed to buy bonds in early trade after reports that the chances of bond inclusion in JP Morgan’s emerging market index have become high after Russia’s exit
Bandhan MF looks to go beyond smallcaps, plans first active microcap fund (14-09-2023)
Motilal Oswal MF was the first to launch a passive microcap fund. The index fund tracks the Nifty Microcap 250 Index
Sensex winning run extends to 10th trading session, logs new intraday high (14-09-2023)
Index yet to close in red this month
Entero Healthcare Solutions files draft papers with Sebi to introduce IPO (14-09-2023)
Healthcare products distributor Entero Healthcare Solutions has filed preliminary papers with capital markets regulator Sebi to mop-up funds through an Initial Public Offering (IPO).
The IPO comprises a fresh issue of equity shares worth up to Rs 1,000 crore and an Offer For Sale (OFS) component of up to 85.57 lakh equity shares, according to the Draft Red Herring Prospectus (DRHP), which was filed on Wednesday.
According to investment banking sources, the IPO is expected to be worth Rs 1,000 crore.
Those selling shares in OFS are promoters Prabhat Agrawal, Prem Sethi, and OrbiMed Asia III Mauritius Ltd, and other shareholders Chethan M P, Deepesh T Gala, Hemant Jose Barros, Hemant Jaggi, K R V S Varaprasad, K E Prakash and Lavu Sahadev.
The company may also consider a pre-IPO placement aggregating up to Rs 200 crore, and if such a placement is completed, the size of the fresh issue will be reduced.
Net proceeds from the fresh issue to the tune of Rs 123.67 crore will be used towa