Pre Market Analysis – 24th June 2021
Indian Market View: Nifty index opened positive but failed to even hold its opening levels and after a volatile swing it drifted towards 15673 levels. It has been finding sustained selling pressure near to its life time high of 15850-15900 zones from last few trading sessions. It closed with losses of around 85 points. Nifty has been battling with resistance of 15850-15900 in the past few...
Daily Market Analysis – 16th June 2021 (Company)
Sona Comstar’s ₹5,550 crore IPO subscribed 27% on day 2. At a price band of ₹285-291, the IPO of the company is roughly valued at 76 times one-year forward earnings, making it one of the most expensive issues to hit the primary market in recent times. Analysts said Sona BLW is a play on the electric vehicle theme. They said while the IPO valuation appears rich but the auto component maker is...
Daily Market Analysis – 19th Feb 2021
RailTel IPO grey market premium plunges RailTel Corporation of India’s Rs 820 crore initial public offer (IPO), which has been seeing strong retail participation at bids totaling 11 times the issue size so far, closes for subscription on Thursday. Till the end of Day 2 of the IPO, the issue was subscribed 6.55 times with the retail quota getting bids for 10.55 times the limit. The...
Daily Market Analysis – 10th Feb 2021
Reliance Jio, Bharti Airtel & Vodafone Idea apply to bid in spectrum auctions: Telecom Market leaders Reliance Jio, Bharti Airtel and Vodafone Idea have filed applications for participation in the upcoming 4G spectrum auctions which are due to start on March 1, 2021. The auction for over 2300 MHz of airwaves, valued at Rs 3.92 lakh crore at base price, though is likely to see limited...