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...
Glenmark Life Sciences Ltd.: (Subscribe)
Issue Size- 2.1 bn sharesIssue Open/Close – Jul 27/Jul 29, 2021Price Band (Rs) 695-720Issue Size- 14.61-15.14 bnFace Value (Rs) 2Lot Size (shares) 20Glenmark Life science (GLS) is the wholly owned subsidiary of Glenmark Pharmaceuticals Ltd (GNP IN). In 2001-02, GLS launched the API manufacturing business by setting up a manufacturing facility in Kurkumbh. Currently, the company has two...
Pre Market Analysis – 20th Jul 2021
Markets tumbled on back of weak global cues with maximum impact seen in financial stocks on Monday with Nifty financial services index declining by 2% and Nifty 50 closing below 15850. A close below 15850 has confirmed short term reversal in key indices and Nifty should see test of 15000 in coming days. The main focus event in yesterday’s trade was USDINR, which activated massive breakout...
Pre Market Analysis – 15th Jul 2021
Nifty extended its gains for three straight days but Wednesday rally was mainly contributed by Nifty IT index which was up 3% ahead of Infosys results. With USDINR gaining strength and Nifty remaining stuck in the range of 15620-15900, we may witness sharp fall in market in the coming days. Last one-month activity is narrow range and is a sign of distribution and wider cracks as USDINR...
Pre Market Analysis – 7th July 2021
Nifty witness sharp reversal from highs of 15900 and ended in the red after India 10-year bond prices suddenly fell more than 0.5% to close at day’s low. The sharp sell-off in bond prices also had an impact on Rupee with USDINR ending above 74.50 and is now positioned to cross 76 in the next few days. For Nifty, the two- weeks of trading range may see major breakdown below 15,620 on a...
Pre Market Analysis – 1st Jul 2021
Market continues to remain under pressure led by selling from financials as Nifty gave away its opening gains and closed in the negative terrain. The monthly breakout in USDINR above 74 may act as a warning for bond and equity markets and move below 15,630 may trigger aggressive selling by FIIs. For month of June, FIIs have turned net sellers to tune of 7000 cr in cash and futures after...
Pre Market Analysis – 28th June 2021
Market gained 1% for the week on back of Biden supporting another stimulus in form of USD 1 Trillion infrastructure plain which led to Nasdaq rallying 2.3% in last week. However, despite such positive news, Nasdaq 100 ended in negative on Friday to form a ‘Bearish Engulfing’ pattern on daily chart as it moved into upthrust of rising wedge. The strength in USDINR has already brought...
Pre Market Analysis – 25th June 2021
Indian Market View Market remained range bound on Thursday with Nifty facing resistance at 15900 while volumes remained on lower side on spot markets despite monthly derivatives expiry. Nifty is unable to put up significant gains in the past few days due to breakout in USDINR above 73.86 and we may see sharp reversal in markets if USDINR crosses the 74.35 mark. Bank Nifty is facing...
Chennai Super Kings CSK – Unlisted Stock
Overview of Chennai Super Kings: The Chennai Super Kings CSK is a franchise cricket team based in Chennai, Tamil Nadu which plays in the Indian Premier League (IPL) since its inception. The team is captained by Mahendra Singh Dhoni. CSK has won the IPL Tournament thrice and won the Champions League T20 Tournament twice. The franchise has served a two-year suspension from the IPL starting...