Waaree Energies has set a price band of Rs 1,427-1,503 for its initial public offering (IPO), opening for public subscription on October 21 and closing on October 23. Bids can be placed for a minimum of 9 shares per lot. The IPO will include fresh equity shares worth Rs 3,600 crore and an offer for sale (OFS) of up to 48 lakh shares by selling shareholders.
BEL shares fall 1.14 per cent in Wednesday’s trading session (16-10-2024)
The Relative Strength Index of the stock stood at 49.28 on Wednesday.
Seeking Feedback on Dynamic Stop-Loss Adjustment Algorithm (with Test Data) (16-10-2024)
Hi Kasran! Thank you for your insightful questions.
I ran the simulation on the test dataset, and here are the key results (I’ve also attached the results in graph form in my original post):
- Duration Tested: The dataset includes a total of 41 trades.
- Profit and Loss Distribution:
- Win rate: 63.41% of the trades were profitable.
- Loss rate: 36.59% of the trades resulted in losses.
- Payoff Ratio: The average payoff ratio is 0.54, meaning that for every unit of loss, the corresponding profit is 0.54 units. This suggests that losses are typically larger than profits in this simulation.
The algorithm is designed with a long-term focus on increasing and preserving capital. The idea is to dynamically adjust risk based on performance: during a winning streak, the risk-taking ability increases, allowing for greater leverage, while during a losing streak, the risk appetite decreases to protect the core capital.
There’s a “secret sauce” within the algorithm to fine-tune the exact rewards for a trader’s previous profitable trade and the penalties imposed for a previous loss. The core of the algorithm lies in finding the right balance between how much extra reward should be given for a win and how much penalty should be imposed for a loss. This precise adjustment ensures the right incentives for winning trades and risk mitigation during losing periods.
RailTel shares surge 10% Rs 79 crore order win from MHADA (16-10-2024)
Shares of RailTel Corporation of India surged nearly 10% on Tuesday to a high of Rs 449 on the BSE after the company received a work order from MHADA for projects totaling Rs 79.84 crore. The contract involves selecting a service provider for Cloud Hosting and Managed Services to set up, migrate, and manage the Data Centre and Disaster Recovery site for MHADA on the Cloud.
Godrej Properties wins bid for 6.5-acre land parcel in Mumbai’s Kharghar, stock advances (16-10-2024)
The developer plans to build a premium residential project with an estimated revenue potential of ₹3,500 crore
Mphasis shares drop 1.0% as Sensex falls (16-10-2024)
A total of 6,658 shares changed hands on the counter till 12:02PM (IST)
Why India’s financial sector remains a long-term bet? Sanjay Mookim answers (16-10-2024)
So, the momentum in PV sales has been missing because of the absence of the first-time buyer. So, there is also a specific issue in the industry, to my mind, and as incomes rise and the inflation in car prices becomes palatable, I hope to see this dynamic improve.
Angel One stock goes up another 5% after Q2 earnings (16-10-2024)
Angel One shares rose 5.3% after reporting record Q2FY25 results, with a net profit of Rs 423 crore and 30 lakh new clients, prompting upgraded target prices from brokerages.