Market Morning Notes For 15th March 2024
Markets rebounded on Thursday with Nifty regaining above 22,100 with sharp decline in India VIX below 14 mark while midcaps and small caps continued to face selling pressure as they attempted a rebound. We expect flow of funds from midcaps and small caps to divert to Nifty 50 stocks in the coming days and this could turn markets extremely bipolar with bullishness seen in Nifty 50 index while...
Honasa Consumer Limited (Avoid)
Highlights Issue Size –: 52,513,594 shares Issue Open/Close – Oct 31 /Nov 02, 2023Price Band (Rs.) 308 – 324Issue Size (Rs.) – 17,014 mnFace Value (Rs) 10Lot Size (shares) 46 Honasa Consumer Limited (HCL) incorporate in 2016, is the largest digital-first beauty and personal care (BPC) company in India in terms of revenue from operations for the FY23 and it is focused on beauty and...
Cello World Limited (Subscribe)
Highlights Issue Size –: 29,320,987 sharesIssue Open/Close – Oct 30 /Nov 01, 2023Price Band (Rs.) 617 – 648Issue Size (Rs.) – 19,000 mnFace Value (Rs) 5Lot Size (shares) 23 Cello World Limited (CWL) is prominent player in the consumer ware market in India with presence in the (i) consumer houseware, (ii) writing instruments and stationery, and (iii) moulded furniture and allied...
Blue Jet Healthcare Limited (Subscribe)
Highlights Issue Size – : 24,285,160 share Issue Open/Close – Oct 25 /Oct 27, 2023Price Band (Rs.) 329 – 346 Issue Size (Rs.) – 8,402 mnFace Value (Rs) 2 Lot Size (shares) 43 Blue Jet Healthcare Limited (BJHL) is a speciality pharmaceutical and healthcare ingredients and intermediates company that offers niche products targeted toward innovator pharmaceutical companies and...
IRM Energy Limited IPO (Subscribe)
Highlights Issue Size – 10,800,000 sharesIssue Open/Close – Oct 18 /Oct 20, 2023 Price Band (Rs.) 480 – 505Issue Size (Rs.) – 5,454 mnFace Value (Rs) 10Lot Size (shares) 29 Cadila Pharmaceuticals Limited backed IRM Energy Limited incorporated in 2015, is an Indian city gas distribution (“CGD”) company with operations in Banaskantha (Gujarat), Fatehgarh Sahib...
Market Morning Notes For 1st September 2022
Markets for the month of August ended positive after a sharp up move on Tuesday that shook most of the market participants as Nifty surged by around 500 points and Bank Nifty jumped 1300 points on the back of Rs 4000 crore buying by FIIs in the cash market. This up move has led to a major breakout on the ‘Monthly Chart’ for broader indices like Nifty 100 and BSE 100 index and is expected...
Nykaa IPO Review
FSN E-Commerce Ventures Limited IPO (Nykaa): (Only High-risk investors may Subscribe) Issue Size- 5.6 mn sharesIssue Open/Close – Oct 28/Nov 01, 2021Price Band (Rs) 1,085-1,125Issue Size- 53.5 bnFace Value (Re.) 1.0Lot Size (shares) 12 Incorporated in 2012, FSN E-Commerce Ventures Limited (Nykaa) is a consumer technology platform, delivering a content-led, and lifestyle...
Pre Market Analysis – 18th Oct 2021
Market last week gained by 2.5% despite USDINR hitting 1-yr high and Brent crude crossing 7-yr high on back of easy liquidity measures by central banks. After Friday’s up move, the Sensex in USD terms has re-tested its September highs and markets are likely to face resistance around 18,500-18,600 in the coming week. With Brent crude positioned for hitting USD 110 a bbl and USDINR about 80, we...
Pre Market Analysis – 7th Oct 2021
Markets reacted sharply yesterday to depreciating rupee after USDINR crossed 74.60 mark and forced Nifty to end with losses of 1% while Bank Nifty settled below 37708. A breakout above 74.60 has opened gates for 80 in weeks to come and we can expect major hit to occur in Bank Nifty which is struggling to sustain above Feb 21 highs. Bank Nifty is currently 2% away from major breakdown and...