Ola Electric Mobility Ltd. (Subscribe)
Highlights Issue Size –: 808,626,207 sharesIssue Open/Close – 02 Aug / 06 Aug, 2024Price Band (Rs.) 72 – 76Issue Size (Rs.) – 61,455 mnFace Value (Rs) 10Lot Size (shares) 195 Ola Electric Mobility Limited (OLA) incorporated on 2017, is a pure EV player in India and are building vertically integrated technology and manufacturing capabilities for EVs and EV components,...
Ceigall India Limited. (Subscribe)
Highlights Issue Size –: 31,238,480 sharesIssue Open/Close – 01 Aug / 05 Aug, 2024Price Band (Rs.) 380 – 401Issue Size (Rs.) – 12,526 mnFace Value (Rs) 5Lot Size (shares) 37 Ceigall India Limited (CIL) incorporated on 2002, is an infrastructure construction company with experience in undertaking specialized structural work such as elevated roads, flyovers, bridges,...
Market Morning Notes 31st July 2024
Markets formed small doji with inside bar on Tuesday after prices ended on a flat note after initial attempt to cross 25,000 mark in Nifty. With Bank of Japan raising interest rates by 25 bps, it is likely to trigger major appreciation in JPYINR in the near term with potential upside seen 7-9%. From Indian markets perspective, rising Japanese yen could trigger negative impact for Nifty with...
Akums Drugs and Pharmaceuticals Ltd. (Apply)
Highlights Issue Size –: 27,345,162 sharesIssue Open/Close – 30 July / 01 Aug, 2024Price Band (Rs.) 646 – 679Issue Size (Rs.) – 18,567 mnFace Value (Rs) 2Lot Size (shares) 22 Akums Drugs and Pharmaceuticals Limited (ADPL) incorporated on 2004, is a pharmaceutical contract development and manufacturing organization (CDMO) offering a comprehensive range of pharmaceutical...
Market Morning Notes 30th July 2024
Markets cooled off from day’s high to end on a flat note yesterday after Nifty failed to clear the psychological mark of 25,000 with India VIX ending with gains of more than 3%. We expect market to remain under pressure on back of hanging man pattern appearing in the previous week and expect Nifty to trigger major breakdown on close below 24,700. Results Today – Dixon, IOC, Tata Consumer,...
Market Morning Notes 29th July 2024
Markets for the week witnessed sharp recovery to close with gains of 1% despite disappointment in budget over short term and capital gains tax enhancement. The Sensex for the week ended with formation of hanging man which turns out to be a potential reversal signal on long term charts. In the present scenario, major risk to Indian markets comes from sharp drop in USDJPY below 154 mark which...
Market Morning Notes 26th July 2024
Markets witnessed wide volatility on the expiry day yesterday with Nifty witnessing wild swings but closed along the flat line. On the sectoral front, Nifty IT, Nifty FMCG index, Oil & Gas, Pharma index outperformed. While Banks, Metal, Realty underperformed. For Nifty, the crucial trading range is seen between 24,000-25,300 in the coming days, with only positive coming from India VIX...
Market Morning Notes 25th July 2024
Markets ended with modest losses on Wednesday amidst volatility in global markets while broader markets like midcap and small cap indices managed to post gain of around 1%. The sharp drop in USDJPY has triggered volatility across the US markets with Dow Jones ending lower below 40,000 mark. For Nifty, the crucial trading range is seen between 24,000-25,300 in the coming days, with only...
Market Morning Notes 24th July 2024
Markets fell intraday over 2% on the Budget Day after announcement of increase in STT and LTCG but later recovered to end with losses of less than 0.25%. The India VIX also dipped sharply to fall towards the 13-mark signifying aggressive put writing at 24,400 levels. With formation of hammer pattern on candlestick, we expect this to act as an intermediate bottom with a target seen at...