Hyundai IPO Share Listing: Hyundai’s IPO grey market premium has jumped to 5%, suggesting improved investor sentiment and a positive listing. The shares are trading at Rs 2067, reflecting a 5% premium. The Rs 27,870 crore IPO saw muted demand initially but improved interest. Analysts recommend subscribing for long-term gains in the premium car market.
Nifty Prediction today – Oct 21, 2024: Intraday trend appears bearish, go short (21-10-2024)
Nifty futures has a strong barrier at 25,000
Mphasis shares rise 0.23% as Sensex climbs (21-10-2024)
A total of 8,605 shares changed hands on the counter till 10:25AM (IST)
Tech Mahindra share hits fresh 52-wk high as Q2 profit zooms 47% (21-10-2024)
The Tech Mahindra scrip rose as much as 4.34 per cent to hit a fresh 52-week high of Rs 1,761.30 per share.
Shaily Engineering Plastic (21-10-2024)
This may also have to do with the supply not able to meet the demand for weight loss drugs offered by Novo Nordisk in the USA and there was shortage of Ozempic, Wegovy, Mounjaro and Zepbound there.
The FDA site link with updated status is below
GRSE stock rises 5% after securing defence contract of Rs 491 crore (21-10-2024)
Shares of Garden Reach Shipbuilders & Engineers Ltd (GRSE) climbed 5% to Rs 1,847 on the BSE during Monday’s trading session, following the company’s receipt of a Letter of Intent from the Naval Physical & Oceanographic Laboratory (NPOL), which is part of the Ministry of Defence’s DRDO.
RBL Bank shares hit 10% lower circuit as Q2 PAT declines 24% YoY. Should you invest? (21-10-2024)
Meanwhile, the bank also reported a 24% YoY growth in its operating profit to Rs 910 crore for the reporting period. On a half-yearly basis, RBL Bank’s net profit also witnessed an increase of 2% YoY to Rs 594 crore and the NIMs were reported at 5.35%.
Zomato – Should you order? (21-10-2024)
Interesting note for understanding the Qcommerce model.
PI Industries shares up 1.1% as Sensex falls (21-10-2024)
A total of 1,402 shares changed hands on the counter till 10:19AM (IST)
Buy Vinati Organics, target price Rs 2,500: Motilal Oswal Financial Services (21-10-2024)
Motilal Oswal Financial Services recommends buying Vinati Organics stocks with a target price of Rs 2500. The company shows a promising long-term growth outlook. Vinati Organics specializes in heavy chemicals and is expanding its ATBS capacity to meet growing global demand. Promoters hold 74.28% of the company as of 30-Sep-2024.