Diffusion Engineers’ IPO opens for subscription today, offering 94.05 lakh fresh equity shares. The price band is set at Rs 159-168 per share, with a lot size of 88 shares. The company plans to use the proceeds for capital expenditure, new manufacturing facilities, and working capital requirements. Shares are trading at a premium in the unlisted market.
Posts in category Economic Times
Hot Stocks: Brokerages on Trent, Hero MotoCorp, HDFC Bank and M&M Finance (26-09-2024)
Citi has initiated coverage on Trent with a buy rating and a target price of Rs 9,250. The company is outperforming its peers, leading to upgrades from analysts as it adds new organic growth engines. Citi projects impressive revenue, EBITDA, and PAT CAGRs of 41%, 44%, and 56%, respectively, for FY24-27. Trent is effectively leveraging its supply chain and insights from its Westside and Zudio brands. Recognized as a standout performer, Trent has significant potential to scale up its pilot projects.
Buy Cummins India, target price Rs 4300: Motilal Oswal (26-09-2024)
Cummins India Ltd., incorporated in the year 1962, is a Mid Cap company (having a market cap of Rs 104329.76 Crore) operating in Engineering sector.
Add Piramal Pharma, target price Rs 245: ICICI Securities (26-09-2024)
Piramal Pharma Ltd., incorporated in the year 2020, is a Small Cap company (having a market cap of Rs 30003.01 Crore) operating in Pharmaceuticals sector.
Stocks to buy today: Axis Bank, NTPC among top 9 trading ideas for 26 September 2024 (26-09-2024)
In the options market, the highest Call open interest is at 27,000, followed by 26,000, while the maximum Put open interest is at 25,000 and 25,900. Call writing has been noted at 26,060 and 26,150, while Put writing is observed at 25,900 and 26,000.
ETMarkets Smart Talk: Investing amid high valuations – Nimesh Chandan’s take on stock picking and emerging IPOs (26-09-2024)
This feeds into the consumer cycle as well. So, the setup in terms of the corporate and economic background is very good. However, in the past two years, because of the sharp rally, some areas have become a little expensive. That’s why markets are now looking for milestones.
Positive Breakout: These 7 stocks crossed above their 200 DMAs (26-09-2024)
The 200-day DMA is a key indicator used by traders to determine the overall trend of a particular stock.
Sebi said to push for tighter scrutiny of SME listings (26-09-2024)
BSE Ltd. has urged bankers to enhance their scrutiny of IPO applications from small companies after discovering discrepancies in recent filings. The BSE’s CEO emphasized the need for accurate assessments and in-person visits to ensure companies aren’t inflating figures. This move aims to improve standards amid a surge in retail investment and regulatory concerns.