The equity share allocation for the IPO is as follows: non-institutional investors (NII) can pick up to 17,88,000 equity shares, retail individual investors can buy up to 17,90,000 equity shares, and market makers can get up to 1,90,000 equity shares. The firm makes and provides sheet metal components, auto parts, […]
Meanwhile, it has soared over 743 percent in the last one year. This recent surge has led to the stock soaring over 849 percent from its 52-week low of ₹17.40, hit on July 21, 2023. This year so far, the scrip has given positive returns in 4 of the 5 […]
Piotex Industries IPO: The initial public offering (IPO) of Piotex Industries IPO has been seeing stellar demand from investors. Piotex Industries IPO opened for subscription on May 10 and will close on May 14. Piotex Industries is a contract manufacturing firm and trades in yarns, fabrics, and cotton bales for […]
The Nifty Midcap 50 outperformed the Nifty 50, closing 1.11% higher. However, the Nifty Small Cap 100 underperformed, ending at 16106.75, down by 68.95 points and 0.43% lower. In the last week, the Nifty 50 has seen a negative return of -1.53%. Over the past month, it has decreased by […]
The Indian stock market is witnessing heightened volatility and the Nifty 50 has dropped over 4% from its peak. Uncertainty over the ongoing Lok Sabha elections, weak global cues, unimpressive Q4 results and relentless selling by foreign institutional investors have been weighing on Indian equities. The key trigger for the […]
The recent surge in volatility in the Indian stock market may persist for the next few weeks, and the benchmark Nifty 50 may correct for another 2-3 per cent in the coming weeks, driven by the prevailing uncertainty surrounding the outcome of the Lok Sabha election on June 4th, according […]
Market sentiment has been subdued due to persistent selling by Foreign Institutional Investors (FIIs), a rise in US bond yields, and concerns surrounding the upcoming election outcome. Analysts anticipate that this trend of volatility is likely to persist in the near future, especially in the absence of significant positive catalysts. […]
Indian equities are likely to trade with a downward bias ahead of general elections results, but analysts do not expect a prolonged correction with the market expected to offer buy-on-dip opportunities. Premal Kamdar, Analyst at UBS Securities said he remains cautious on small- and midcap (SMID) companies due to rich […]
ABB India share price surged over 8% to touch a 52-week high on Monday’s session following its March quarter results. ABB India reported a more than 87% spike in net profit to ₹460 crore in the March 2024 quarter, driven by greater revenues. The previous fiscal year’s similar quarter earned […]
Gold And Silver Prices Today: Gold prices saw a remained steady on Monday.The cost of 24 carat gold is Rs.7410.3 per gm The cost of 22 carat gold is Rs.6787.8 per gm The price change in 24 carat gold in the last one week has been -0.86% .whereas in the […]