With large IPOs from Hyundai, Swiggy, Afcons, Waaree and NTPC Green expected in the second half, the primary market is projected to raise over ₹1.5 lakh crore through IPOs alone this financial year, positioning investment bankers for a boom year.
Goswami Infra seeks waivers related to Afcons IPO (07-10-2024)
In a communication to bondholders, Goswami Infratech has assured bondholders of ₹14,300-crore NCDs (non-convertible debentures) that it is not seeking a waiver on pricing conditions, but is requesting an extension of the time to comply with restrictions imposed by capital market regulations.
Healthy Kitty: India’s forex reserves of over $700 billion 4th largest in the world (07-10-2024)
India’s reserves-comprising major currencies, gold special drawing rights and reserves with the International Monetary Fund (IMF)-have been rising steadily since 2013, when the country was part of the “fragile five” category and foreign investors exited because of weak macroeconomic fundamentals.
Nifty has strong support at 24,800: Technical Analysts (07-10-2024)
On the upside, immediate resistance is expected at 25,250. Stocks such as Coforge, Balrampur Chini, JK Lakshmi Cement, Divi’s Lab, Torrent Pharma, Titan, Ipca Labs, and Lal PathLabs could attract support-based buying, said analysts.
Adani Group lays bricks to buy Heidelberg’s India cement unit (07-10-2024)
The Adani Group, India’s second-biggest cement maker, had entered the sector by acquiring Holcim’s India operations in 2022. As with Holcim, Adani intends to move fast to close the deal, said the people cited. Ambuja Cements had cash and cash equivalents of Rs 18,299 crore on June 30, 2024. However, the Indian conglomerate may opt out of a deal if it becomes a full sale process involving other contenders, one of the persons said.
FPIs mount bearish bets here as China a better play now (06-10-2024)
Foreigners’ long-short ratio – a measure of the number of their bullish positions versus bearish – in index futures dropped to 58% on Friday from around 81% on September 27. A falling reading of this measure means investors are cutting their bullish bets and increasing their bearish ones.
Samhi Hotels – Turnaround with Tailwinds (06-10-2024)
Hotel industry is always capital intensive.
I will probably add 2 points in your assumptions :-
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The appreciation of real estate/rooms , which is usually ~7%(could be more being in Bangalore)
So, net interest would be 3% which would come around 6 Cr. -
From last 2 year OPM% of Samhi is ~30% and will probably remain at around 25%
So considering 2 points above the deal seems fair.
Pakistan Bans Protest Movement in Renewed Crackdown on Dissent (06-10-2024)
Analysts say the military is expanding its efforts to squash opposition.
As an Indian, how can I invest into the Chinese stock market? Which App is good? (06-10-2024)
I invested in China based ETFs instead of picking individual stocks through the IndMoney app.
Went for the Class A etf and Large Cap ETF.
Smallcap momentum portfolio (06-10-2024)
@bhagath Hello, I have talked about these points previously also.
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When we invest and create the portfolio, we start with equal allocation. Therefore, as you mentioned, if you had BASF in your list, you would need to start with 8200 x 10 or 20 or 25 depending on the number of stocks in your pf. If you do not want to start with this amount, you can ignore this stock and go to the next one in rank.
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Check out the message on the work done by @VeeraBrahmam on automating this. He did it using yfinance as Google Finance would not allow python programming. We found some issues in the closing price of stocks as compared to NSE or GFin. I think he has managed to overcome as he is able to get the same ranking of stocks. He might be able to elaborate on how he did it.