C2C Advanced Systems’ IPO grey market premium dropped to about 40% after SEBI intervened, prompting a listing postponement and a withdrawal option for investors. Sebi’s action follows concerns and requires an independent audit of the company’s financials. The IPO, initially subscribed nearly 96 times, faces scrutiny similar to Trafiksol ITS Technologies earlier this year.
Posts in category Economic Times
Siemens shares 3.95% as Nifty gains (27-11-2024)
A total of 31,854 shares changed hands on the counter till 09:58AM (IST).
Stock market update: Nifty Pharma index 0.02% in an upbeat market (27-11-2024)
The Nifty Pharma index was trading 0.02 per cent at 21966.55.
These 6 F&O stocks saw a high increase in futures open interest (27-11-2024)
As of November 26, six NSE F&O stocks saw a 7% increase in futures open interest, indicating growing market participation and the expansion of active futures contracts.
Buy Astral, target price Rs 2,666: Anand Rathi (27-11-2024)
Investment firm Anand Rathi upgrades Astral’s rating to Buy. The target price is Rs 2,666. Anand Rathi forecasts robust growth in revenue, EBITDA, and PAT. The company anticipates growth in plumbing and paints. Astral’s balance sheet remains strong. The firm projects 10-15% volume growth in plumbing. They also project 15% revenue growth in paints and adhesives for FY25.
Thanksgiving and Black Friday: Divergent signals for Indian stock market? (27-11-2024)
Thanksgiving Day has usually boosted the Sensex, India’s stock market index. Black Friday, however, has often led to declines. The Sensex gained an average of 0.44% on Thanksgiving over the past six years. It fell an average of 0.80% on Black Friday over the past five years. This difference reflects global economic factors and investor sentiment.
Bullish Momentum: 3 stocks with White Marubozu Pattern on Nov 26 (27-11-2024)
Three Nifty200 stocks show “White Marubozu” bullish pattern, indicating strong buying pressure and potential for price movement.
Profit apocalypse! 10 companies with steepest losses in Q2. Who blew it worst? (27-11-2024)
Indian companies faced a profit slump in Q2 FY25, with several sectors reporting declines. Vodafone Idea, Sammaan Capital, and Indian Oil posted significant losses. Analysts downgraded earnings forecasts, citing weak consumption and government spending, but anticipate a recovery in the second half of the fiscal year.
Sensex, Nifty flat in early trade as mixed global cues weigh on D-St (27-11-2024)
Indian benchmark equity indices opened flat on Wednesday, with gains in some stocks offset by losses in others. The Sensex traded slightly lower, while the Nifty50 also dipped. Adani Group stocks saw gains of up to 4%, countering losses in companies like Reliance Industries and Bharti Airtel.
Gold Price Today: Gold prices fall by Rs 1,900/10 gm this week, silver down by Rs 2,150/kg (27-11-2024)
Gold prices fell by Rs 1,900/ 10 grams in this week so far while silver prices fell by Rs 2,145/kg in the same period.