Nifty Bank holds 47K; traders can deploy ‘sell on rise’ strategy: Analysts
Federal Bank, PNB, AU Small Finance Bank, and Bank of Baroda witnessed buying while selling pressure was seen in SBI, HDFC Bank, ICICI Bank, IndusInd Bank, and Axis Bank.
Tag: news
After over 700x subscription, here\’s how you can check Greenhitech Ventures IPO allotment status
The IPO, which was completely a fresh equity issue of 12.6 lakh shares, received massive response from investors with a subscription of over 700 times at close.
Ramdevbaba Solvent IPO booked 36 times on last day; Grill Splendour\’s issue subscribed 8 times
The net proceeds from the public offer of Ramdevbaba Solvent will be used to set up a manufacturing facility, for repayment of debt, funding working capital requirements and other general corporate purposes. Grill Splendour Services\’ public offer was subscribed 8 times so far
Banking blues, investor jitters drag Sensex down for fourth day straight
Indian benchmark indices closed lower as banking stocks declined, with Sensex falling 455 points and Nifty dropping by 152 points. Top laggards included Nestle India, Titan, Axis Bank, NTPC, Tata Motors, and ITC.
Infosys ADR slumps 5% on Q4 miss, softer FY25 guidance
\”Infosys weak quarterly numbers, lower-than-expected guidance for FY25 and declining headcount reflects continuity in weak, with the only silver lining being strong large deal TCV in Q4 and record $17.7 billion in FY24,\” said Sanjeev Hota, Head of Research, Sharekhan by BNP Paribas.
After over 700x subscription, here\’s how you can check Greenhitech Ventures IPO allotment status
The IPO, which was completely a fresh equity issue of 12.6 lakh shares, received massive response from investors with a subscription of over 700 times at close.
JNK India announces price band for its IPO. Check details
The issue closes on April 25 and the anchor investors\’ allocation will be done on April 22. Investors can bid for a minimum of 36 shares in one lot and in multiples thereafter.
Ramdevbaba Solvent IPO booked 36 times on last day; Grill Splendour\’s issue subscribed 8 times
The net proceeds from the public offer of Ramdevbaba Solvent will be used to set up a manufacturing facility, for repayment of debt, funding working capital requirements and other general corporate purposes. Grill Splendour Services\’ public offer was subscribed 8 times so far
Infosys shares up 1% ahead of Q4 results announcement later today
After falling about 17.5% from the top, the stock is now at an important support level but the underlying trend is bearish. \”The stock has an important support at Rs 1,350 and resistance at Rs 1,500. Heavy short positioning ahead of results, with OI up 16% and stock down 2% this expiry,\” Emkay Global said.
Power Grid shares jump 6%. Here are 2 triggers
The company reported a PAT of Rs 4,028 crore for the quarter ended December 2023, which was up 6.5% as compared to the previous quarter. The EBIT growth was also 8% up while the expenses had decreased by nearly 6% for the same period.
Infosys Q4 Results Preview: Weak discretionary spending to weigh on sales, FY25 guidance seen conservative
Infosys Q4 Preview: For the quarter ended March, the company’s consolidated revenue is seen dropping 0.4% sequentially, while growing 3.2% year-on-year (YoY) to Rs 38,650 crore, according to the average of estimates given by 10 brokerage firms.
ICICI Lombard shares jump 5% after Q4 beat. Should you buy, sell or hold?
The company reported a gross direct premium income (GDPI) of Rs 224,770 crore in FY24 compared to nearly Rs 2,100 crore in FY23, a growth of 17.8%, which was higher than the industry growth of 12.8%.