IPO Analysis: IKIO Lighting Limited
IPO Analysis: IKIO Lighting Limited
IPO Rating: Apply for long term
The price band of the issue has been fixed at Rs 270 to Rs 285 per equity share. The issue size is Rs 607 crore at a higher price band.
Watch out for these penny stocks that are locked in the upper circuit on June 05
On basis of bullish developments in global markets, Indian equity indices are in the green on Monday.
On Monday, most Asian stocks extended a global surge on expectations that the Fed will pause rate hikes this month, following data showing that while the US economy gained 339,000 jobs last month, pay growth slowed and the unemployment rate climbed.
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With encouraging cues from global indices, the Indian benchmark indices commenced trading on Tuesday on a stronger note.
Despite the lower probability of a U.S. default, investors remained concerned about the risk of a recession in the world's largest economy this year.
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The benchmark indices saw a fall as some of the companies declared poor quarterly and annual results.
The Republican plan would veto Biden's proposal to cancel certain student debts and abolish tax breaks to encourage the development of clean energy and combat climate change.
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Indices are off their day's highs, with the Nifty trading above 18,200; RIL and HDFC Bank are positive contributors.
Stocks in focus today are Jindal steel, Tata Honeywell, Bajaj finance, and axis bank.
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The frontline indices are trading flat whereas the broader markets are rallying.
On Wednesday, Sebi permitted stock exchanges to offer foreign portfolio investors (FPIs) direct market access for the purpose of participating in exchange-traded commodity derivatives (ETCDs). The new provision would take effect immediately.
This small-cap construction company bags an order of Rs 2,450 crore, which is 69 per cent of its market capital
The quarterly results a jump of 10 per cent in the operating margins and the net profit grew by 6.71 per cent, which has been the highest in the past two years.
The company has won an order which is 69 per cent of its market capitalization.
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Stocks on Wall Street drastically declined overnight due to weak economic data and weak earnings.
According to a study, U.S. consumer confidence hit a nine-month low in April, heightening worries about a potential impending recession. Asian markets continued to be quiet.
IPO Analysis: Mankind Pharma Limited IPO
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The price band of the issue has been fixed at Rs 1026 to Rs 1080 per equity share.
Maiden Forgings Limited gets listed on BSE SME Platform
The company manufactures steel bright bars, wires, profiles, collated pneumatic nails, and ground bars.
Maiden Forgings Limited is a New Delhi registered company, engaged in manufacturing and selling ferrous metal products.
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Ten of the thirteen major sectoral indices went up, with the financials, in particular, increasing by 0.3 per cent, while the public sector banks surged by 1.5 per cent after the policy announcement, with all constituents gaining.
On Thursday, Indian stocks initially declined but later rebounded after the Reserve Bank of India chose to maintain its key policy rates unchanged in order to evaluate the progress made in controlling inflation.
Watch out for these penny stocks locked in the upper circuit on April 05
Among the 13 major sectoral indices, eight advanced, with financials which had a high weightage, rising nearly 1 per cent.
The Bank Nifty is currently trading at a level of 40,838 up by 25 points.