Increase net long positions on index futures, indicating potential Nifty and Nifty Bank rally
PNB fixes floor price of Rs 109.16 per share for its share sale via QIP (23-09-2024)
State-owned Punjab National Bank (PNB) on Monday fixed a floor price of Rs 109.16 per share for its share sale through qualified institutional placement (QIP). The bank had taken board approval last year for raising up to Rs 7,500 crore via share sale in one or more tranches during 2024-25.
Ahead of Market: 10 things that will decide stock action on Tuesday (23-09-2024)
Indian indices hit new record highs for the third straight session, boosted by the US Fed’s rate cut. Analysts remain positive on the market’s outlook, with Nifty expected to rise towards 26,200. Support is at 25,700.
NPST – Technology Provider for UPI Tech (23-09-2024)
This is just same data that I have posted on twitter before.
Q2 revenue is well over q1 of 60 cr. but can expect that as a min guidance no
Rest everyone is free to take their own call but one month of drop cannot be compared to previous and make assumptions.
52 week highs and all time highs strategy (23-09-2024)
Vesuvius India: Breakout from flag-like consolidation. Expected target price of ~7400. Technical View:
Fundamental View: Ongoing and overall promised capex for new product lines shall sustain the earnings momentum – commissioned Mould Flux plant in June End. Expect AlSi as well as Basic Monolithic plant commissioning by Nov 2024. Tata steel and JSW steel are expanding capacity. For instance: Tata Steel commissions 5MTPA steel capacity.
Risk: Per steel industry news, cheaper imports from China remains a threat for India’s steel manufacturing sector. Slowdown in the Steel Industry will impact the business.
Disc: Hold a position basis evolving fundamentals and price action.
AYM Syntex (was Welspun Syntex) (23-09-2024)
Preferentials @182.5, Some marquee names.
Will A.I. Be a Bust? A Wall Street Skeptic Rings the Alarm. (23-09-2024)
Jim Covello, Goldman Sachs’s head of stock research, warned that building too much of what the world doesn’t need “typically ends badly.”
Broker’s call: UGRO Capital (Outperform) (23-09-2024)
Choice Broking
Broker’s call: Max Healthcare (Buy) (23-09-2024)
Motilal Oswal
Market Trading Guide: Tata Motors, JSW Infra among 5 stock recommendations for Tuesday (23-09-2024)
Indian equity indices reached record highs for the third straight session on Monday, with the S&P BSE Sensex rising 0.45% to 84,928 and NSE Nifty50 surpassing 25,900. Analysts predict a positive trend, targeting 26,250 with support at 25,750.