Emcure Pharmaceuticals Ltd. (Apply for Listing Gains)
Highlights Issue Size –: 19,365,346 sharesIssue Open/Close – 03 July / 05 July, 2024ce Band (Rs.) 960 – 1008Issue Size (Rs.) – 19,520 mnFace Value (Rs) 10Lot Size (shares) 14 Emcure Pharmaceuticals Limited (EPL) incorporated in 1981, is an Indian pharmaceutical company engaged in developing, manufacturing and globally marketing a broad range of pharmaceutical products across...
Market Morning Notes 2nd July 2024
Markets extended gains on Monday with the Nifty comfortably cementing its positions above 24,000 with the FMCG sector gaining momentum along with broader markets. The Brent crude has surpassed the USD 85 a bbl mark and may pose major risk to emerging markets on move past USD 90 a bbl. For Nifty, the upside target of 24,750 remains a likely outcome in the coming days given sharp weakness seen...
Market Morning Notes 1st July 2024
Markets for the month of June ended with gains of 6.5% after a volatile month, but the larger setup has turned out to be a hanging man on the candlestick chart. Traders often look for confirmation in subsequent trading sessions to validate the bearish signal of the hanging man pattern, which could involve looking for a lower close or further downside movement in the following candles. The...
Market Morning Notes For 28th June 2024
Markets advanced for the fourth straight day with Nifty June derivatives expiry occurring above the 24,000 mark while Bank Nifty ended in marginal negative terrain. The buying momentum in Nifty will likely accelerate towards 24,750 due to three white soldiers, but we expect selling pressure in midcap and smallcap to resume. Nifty 50 Chart Stocks To Watch Positive Read...
Market Morning Notes For 27th June 2024
Markets inched higher for third consecutive trading session which led to formation of three white soldiers’ pattern on candlestick in Nifty 50 Index while broader markets continued to remain laggard. The three white soldiers’ pattern is considered more reliable if each candlestick closes progressively higher than the previous one and if there is a substantial increase in trading volume on the...
Market Morning Notes For 26th June 2024
Benchmark indices scaled new high with Nifty up by 0.8 pct solely led by gain in Bank Nifty which gained 1.7 pct. Private banks outperformed PSU banks as value buying emerged with ICICI Bank entering the USD 100 bn m-cap club. We expect the outperformance in Bank Nifty to continue further with an expected target of 55,000. Any decline in markets to be used to add positions in large private...
Allied Blenders & Distillers Ltd. (Subscribe)
Highlights Issue Size – 53,380,783 sharesIssue Open/Close – 25 June / 27 June, 2024Price Band (Rs.) 267-281Issue Size (Rs.) – 15,000 mnFace Value (Rs) 2Lot Size (shares) 53 Allied Blenders and Distillers Limited (ABDL) is the largest Indian-owned Indian-made foreign liquor (IMFL) company and the 3rd largest IMFL company in India, in terms of annual sales volumes between FY14...
Market Morning Notes For 25th June 2024
Markets regained momentum on Monday after the initial gap down opening with gains led by FMCG and Auto sector to help Nifty regain above 23,500 levels. Major short covering was seen in Bank Nifty futures as discount in futures was transformed into premium ahead of the F&O expiry in the week. Bank Nifty holds maximum potential to surpass 55,000 in the near term and help Nifty to meet its...
Stanley Lifestyles Limited. (Subscribe)
Highlights Issue Size –: 14,553,508 sharesIssue Open/Close – 21 June / 25 June, 2024Price Band (Rs.) 351 – 369Issue Size (Rs.) – 5,370 mnFace Value (Rs) 2Lot Size (shares) 40 Stanley Lifestyles Limited (SLL), incorporated in 2007, is the super-premium and luxury furniture brand in India and among the few home-grown super-premium and luxury consumer brands in India...