Looks like they are going too fast to match NSE. NSE charging 5k/1 cr. These limit won’t affect to retail but might affect to Prop desk & FII. Also they have tactically done it only for nearest expiry. So that if someone wants to play 0/1DTE might pay high or if they wants lower charges then they can go for monthly expiry.
Volumes are very dry except nearest expiry. These move can fetch dual benefit.
But why stock price increased then, if result is perceived bad?
BSE to revise transaction charges in equity derivatives segment effective 1st November 2023
The revised charges applicable to SENSEX Options are as below:
See the notification here.
While the charges for small traders remian same as earlier. The largers players will now start paying about 4 times or greater compared to existing charges going forward.
AJ
Disclosure: Remain invested. Views are biased.
I am questioning the exchange which let this guy do an IPO without doing background check on the company. Even in Malta they backed out of investment and left a trail of debt.
What to do now? Should we wait for Q3 or exit?Management is not walking the talk
i think that the brokers and algo’s are just being cautious – testing the new system before deploying full scale. They dont want to be caught on the wrong side if some glitch happens
Private sector lender CSB Bank on Friday reported a 10 per cent rise in net profit at Rs 133 crore in the second quarter ended September 2023 as bad loans declined. The Kerala-based bank had posted a net profit of Rs 121 crore in the year-ago period.
Total income rose to Rs 836 crore from Rs 600 crore in the same period a year ago, CSB Bank said in a regulatory filing. During the quarter, the bank earned interest income of Rs 687 crore as compared to Rs 555 crore in the same period a year ago.
On the asset quality side, the bank witnessed improvement with gross non-performing assets (NPAs) fell to 1.27 per cent of gross advances by the end of September 2023 from 1.65 per cent a year ago. Net NPAs too declined to 0.33 per cent from 0.57 per cent in the same quarter a year ago.
I glanced over Mangalam Worldwide. What I can figure out is that the company is manufacturing Stainless steel billets and Stainless steel flat bar.
There OPM is measly 4% but their asset turnover is 3+. That means they are adding very little value but their product is moving very fast. I think their main business is to convert iron ore into billets and bars, which are used by their customer as raw material to create high value products. This company feels more like a commodity stock.
A section of the people apply for IPOs for listing gains, they have no idea about the business, let alone checking about the promoters’ past, and if there is hype surrounded with IPOs in general or with a particular IPO, this section increases. Quicker gains are hard to resist.
On a different note, it is possible that a person has committed a fraud, paid his dues, and has changed his ways, then it is up to the market t decide to trust him or not.
The only thing this promoter’s company needs is to get delisted to safeguard retail investors as well as HNI’s.
The promoter got arrested in 2009 for siphoning 14 crore
I just can’t believe how did the SME IPO went through in the first place, are there no background checks being considered just because it is bull market?