@visuarchie Thank you sir 
Microcap momentum portfolio (23-09-2024)
Payment platform Mobikwik gets Sebi nod for Rs 700 crore IPO (23-09-2024)
One Mobikwik Systems, which operates a platform business with a two-sided payments network consisting of consumers and merchants, plans to raise Rs 700 crore through the IPO.
Payment platform Mobikwik gets Sebi nod for Rs 700 crore IPO (23-09-2024)
Gurugram-based One Mobikwik Systems has received approval from Sebi to launch its IPO, aiming to raise Rs 700 crore. The company plans to use the funds for growth in financial and payment services, technology investment, and capital expenditure. The IPO will be managed by SBI Capital Markets and DAM Capital Advisors.
No. of people averse to govt surveys rises over 2x (23-09-2024)
The number of people averse to the surveys by the National Statistical Office (NSO) has more than doubled over the last five years between the 75th National Sample Survey (NSS) round (July 2017- June 2018) and the 79th NSS round (July 2022-June 2023), the Ministry of Statistics and Programme Implementation MoSPI) said on Friday in a conference organised to discuss the issue of ‘non- responsiveness’ to its sample surveys. The ministry said that nearly 6.9 per cent people in urban areas surveyed by the NSO for the 79th NSS round did not participate in the exercise, while the number of people in rural India that refused to participate in these surveys stood at 3.9 per cent.
Punjab Cabinet reshuffle: Ravjot Singh and others take oath as ministers in Bhagwant Mann’s team (23-09-2024)
The Punjab government, led by Bhagwant Mann, inducted five new ministers in a Cabinet reshuffle. Governor Gulab Chand Kataria administered the oath to the new ministers at Raj Bhavan. This is the fourth reshuffle of the AAP government. The Cabinet now has 16 members, including the Chief Minister.
Intel’s Chips Are on the Table (23-09-2024)
Rivals and at least one big investor are circling the embattled semiconductor giant. The Biden administration is sure to keep an eye on any deal in such a strategically important sector.
Firstsource Solutions acquires UK-based CX specialist – Ascensos (23-09-2024)
Firstsource Solutions has acquired Ascensos, a leading UK-headquartered customer experience outsourcing partner for retail and eCommerce businesses.
Lumax Auto is well diversified & poised for healthy growth. Target Price ₹750 (30%) (23-09-2024)
Lumax Auto is well diversified & poised for healthy growth. It has lean B/S with Debt: Equity of ~0.4x. It also has a capital efficient business model with ~17% RoE which is expected to improve 20%+ which should drive re-rating of the stock. TP ₹750 (30%)
Lumax Auto is well diversified & poised for healthy growth. Target Price ₹750 (30%)
Stock market update: Stocks that hit 52-week lows on NSE in today’s trade (23-09-2024)
Eicher Motors, Divis Labs, ICICI Bank, IndusInd Bank and Tech Mahindra were among the top losers on NSE in today’s trade.