Pre Market Analysis – 8th Sep 2021
The market saw marginal cooling off on Tuesday with Nifty Bank continue to act as laggard while the Nifty managed to recoup losses and sustained above 17350. The Nifty Bank is 3% away from major breakdown levels and we may see more pressure on markets when USDINR regains above 73.60. U.S indices fell on Tuesday, as worries over the slowing pace of economic recovery overshadowed hopes that...
Pre Market Analysis – 3rd Sep 2021
Indian equity benchmarks resumed record closing high spree after a day’s blip on the weekly F&O expiry day, tracking gains in index majors TCS, Hindustan Unilever and Ultratech Cement. Markets witnessed the continuation of a positive trend, as investors cheered RBI’s statement that India’s holding of IMF’s Special Drawing Rights (SDR) has gone up to SDR 13.66 billion which is...
Pre Market Analysis – 10th Aug 2021
Market struggled to sustain higher levels on Monday despite gap up opening and selling pressure was witnessed in most of midcap and small cap stocks while Nifty managed to end with marginal gains above 16250. The advance decline ratio deteriorated further to 1:2.5 while trading range of 16170-16350 remained intact. As market is witnessing weakness at higher levels, we can expect trend...
Cartrade Tech Limited.: (Only High risk investors may Subscribe)
Issue Size- 1.85 bn sharesIssue Open/Close – Aug 09/Aug 11, 2021Price Band (Rs) 1,585-1,618Issue Size- 29.37-29.99 bnFace Value (Rs) 10Lot Size (shares) 9 Cartrade Tech (CTT) is a multi-channel auto platform with a presence across varied vehicle types and value-added services. Through its platforms (operated under the brand names of CarWale, CarTrade, Shriram Automall, BikeWale,...
Krsnaa Diagnostics Limited.
Issue Size- 127- 128 lakh sharesIssue Open/Close – Aug 04/Aug 06, 2021Price Band (Rs) 933- 954Issue Size- 1,195- 1,213 croreFace Value (Rs) 5Lot Size (shares) 15 Krsnaa Diagnostics Limited (“Krsnaa”) was incorporated on 22nd December, 2010 at Pune. Krsnaa is a large and differentiated diagnostic service provider. They provide a range of technology-enabled diagnostic services such as...
Devyani International Limited.: (Subscribe for listing gains)
Issue Size- 206.5-204.2 mn sharesIssue Open/Close – Aug 04/Aug 06, 2021 Price Band (Rs) 86-90Issue Size- 17.76-18.38 bnFace Value (Re.) 1Lot Size (shares) 165 Devyani International Limited is the largest franchisee of Yum Brands in India and are among the largest operators of chain quick services restaurants (QSR) in India (Source: Global Data Report), on a non-exclusive basis...
Windlas Biotech Limited.: (Avoid)
Issue Size- 88.25 – 87.29 lakh sharesIssue Open/Close – Aug 04/Aug 06, 2021 Price Band (Rs) 448-460Issue Size- 3.95- 4.02 bnFace Value (Rs) 5Lot Size (shares) 30 Windlas Biotech Limited is amongst the top five players in the domestic pharmaceutical formulations contract development and manufacturing organization (“CDMO”) industry in India in terms of revenue (Source: CRISIL...
Rolex Rings Ltd.: (SUBSCRIBE FOR LONG-TERM)
Issue Size- 81.22-81.36 lakh sharesIssue Open/Close – Jul 28/Jul 30, 2021Price Band (Rs) 880-900Issue Size- 7.16-7.31 bnFace Value (Rs) 10Lot Size (shares) 16 Rolex Rings Limited is one of the top five forging companies in India and a manufacturer and global supplier of hot rolled forged and machined bearing rings, and automotive components for segments of vehicles including two...