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Suraksha Diagnostic received tepid response for the first two days with just 25% subscription. The issue will close for bidding today. One of the main reasons for this subdued show is due to the IPO structure, which is completely an OFS of 1.91 crore shares. This means that the company will not receive any proceeds from the offering and the entire funds will go to the selling shareholders.

“I believe Capital Goods, Infra, EMS, Hospitals, Pharma, Tourism, Auto, New Energy, E-com, Jewellery etc. are good themes to play at current valuations,” says Amnish Aggarwal, Director — Institutional Equities, PL Capital — Prabhudas Lilladher. In an interview with ETMarkets, Aggarwal said: “We have cut our base case 12-month NIFTY target to 27,381 from 27,867 earlier) and recommend selective buying on dips for long-term gains” Edited excerpts: We have witnessed a volatile November as markets keep moving from bullish and bearish phases. What is your call on markets? Amnish Aggarwal: November has been a rollercoaster for the markets, with the NIFTY down 6% since mid-October, driven by FII outflows, geopolitical uncertainty, and a strong dollar. Inflation, especially food inflation, has also pressured demand, particularly in urban areas, with October CPI at 6.2%.

Wipro, which have given returns of over 30% in the last six months alone, are likely to remain in focus on Tuesday as the stock begins trading on ex-bonus basis from today. The IT major had announced a bonus share issue in the ratio of 1:1, fixing December 3 as the record date for determining shareholder eligibility.

C2C Advanced Systems will debut on the NSE SME platform on Tuesday. Ahead of the listing, the company's shares were trading with a GMP of Rs 240 in the grey market. Considering the upper price band of Rs 226, the stock is expected to see a maximum listing gain of 90% over the issue price.

The Department of Supervision, RBI, recently conducted an analysis, which revealed that the number of inoperative accounts/unclaimed deposits in several banks was on the higher side vis-a-vis their total deposits as well as in absolute terms, it said. «The banks are ...advised to take necessary steps urgently to bring down the number of inoperative/frozen accounts and make the process of activation of such accounts smoother and hassle free,» a notification to chiefs of all the banks said.

Warburg Pincus-backed logistics firm Ecom Express is looking to enter the primary market with a Rs 2,600-crore IPO, which will be a mix of fresh equity sale and an offer for sale (OFS).

Pokarna Ltd.(up 14.75%), Ashapura Minechem Ltd.(up 6.01%), Sandur Manganese & Iron Ores Ltd.(up 5.87%), 20 Microns Ltd.(up 5.00%), Oriental Trimex Ltd.(up 4.94%), Madhav Marbles & Granites Ltd.(up 1.50%), MOIL Ltd.(up 1.46%), Coal India Ltd.(up 1.28%), Gujarat Mineral Development Corporation Ltd.(up 1.12%) and NMDC Ltd.(up 0.74%) stood among the top gainers.

Shares of Inox Green Energy Services surged over 17% on Monday, hitting an intraday high of Rs 174, after the company said it had sold its entire equity stake in its wholly-owned unit Aliento Wind Energy to Nani Virani Wind Energy for a cash consideration at face value of Rs 1 per share. Parent company Inox Wind rose nearly 10% to Rs 209.80, while Inox Wind Energy, a promoter group entity, climbed 5% to Rs 10,667.50.

Robert Kiyosaki, author of best-seller Rich Dad Poor Dad, has made a bold prediction about Bitcoin, forecasting that its price could “crash” to $60,000 before eventually surging to $250,000 by 2025. Taking to X (formerly Twitter), Kiyosaki expressed his views, stating, «Bitcoin is stalled short of $100k. That means BTC may crash to $60k. If and when that happens, I will not sell. BTC will be having a sale. I will buy more.» He emphasised that the current price of Bitcoin is less important than accumulating more of the cryptocurrency during its corrections.

Nitish Mittersain, Joint MD & CEO, Nazara Technologies, says India-first novel approaches are needed. If e-commerce can be integrated into gaming, that can deliver relevant opportunities for shoppers to buy what they want while they are engaging with the games, that could lead to a very interesting and new monetisation model. With the whole India stack opportunity emerging with platforms like ONDC, a lot of initiatives can be taken for such innovations. It is a concept now. Nazara is starting to deploy it in the Q4 of FY25, which is Jan to March and they will see how that pans out over the next year. The latest acquisition that you have made is Trinity Gaming. It cost just around Rs 24 crore. What is the acquisition strategy going forward? Have you earmarked a certain amount that you are looking at deploying, and certain capabilities that you are looking at adding? Nitish Mittersain: It is important to understand that Nazara operates the M&A flywheel at two levels. One is what the parent entity does, which is areas that we want to enter. But also, many of our subsidiaries are cashflow generating companies, accumulating cash, many of these are asset-light businesses which do not require to deploy a lot of cash for organic growth and therefore, we help our subsidiaries also learn our M&A playbook and help them deploy.

Punjab National Bank 0.4 per cent to Rs 104.50 at 12:04PM hours (IST) on Monday. Earlier in the day, the stock saw a gap down start to the session. As per data available on BSE, total traded quantity on the counter stood at 446,030 shares with a turnover of Rs 4.67 crore till 12:04PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 8.30, while the price-to-book value ratio stood at 1.34.

Indian Hotels Company Ltd. rose 0.05 per cent to Rs 793.15 in Monday's trade. It hit an intraday high of Rs 801.55 and low of Rs 790.35, respectively, during the day. The stock quoted a 52-week high price of Rs 814.65 and low of Rs 416.15.

RBL Bank shares skidded about 5% on Monday to Rs 147.55 on BSE after the private lender, along with Bajaj Finance, mutually decided to end their eight-year long partnership for co-branded credit cards. The private lender said in a statement on Friday that it would continue to service the existing portfolio of nearly 3.4 million co-branded credit cards under its partnership with Bajaj Finance, even as its dependance on the partnership tumbled to 37,000 this September, compared to 1.26 lakh in September last year. Upon the renewal of these co-branded cards, customers would only be issued an RBL Bank-branded credit card, the private lender added.

Shree Cements Ltd. 2.83 per cent to Rs 26800.00 at 10:47AM (IST) in Monday's trade. The scrip has hit a high of Rs 26844.95 and low of Rs 26052.00 so far during the session. The stock had closed at Rs 26060.15 in the previous session. The counter has had a total traded volume of 308 shares so far with a value of Rs 0.82 crore on the NSE. It traded at a price-to-earnings multiple of 55.72 and a price-to-book ratio of 4.48.

Q2 earnings season, the worst since June 2020, was not enough, stock market investors are now dealing with another headache after the Q2 GDP growth of 5.4% was at its lowest in the last seven quarters. With Sensex and Nifty already down 7-8% from their peaks amid record-breaking pullout by FIIs, brokerages are now lowering the India GDP targets which may eventually start reflecting on the equity market outlook as well.

Cholamandalam Investment & Finance Company Ltd. 0.7 per cent to Rs 1243.40 at 10:52AM (IST) in Monday's trade. The stock hit a high of Rs 1259.00 and low of Rs 1233.60 so far during the session. The stock had closed at Rs 1234.65 in the previous session. The counter had a total traded volume of 10:52AM shares so far with a turnover of Rs 1.63 crore on BSE. The stock traded at a price-to-earnings multiple of 27.12 and a price-to-book ratio of 4.96.

Stocks that rallied over 10% included, Nelco Ltd(14.79%), Kilpest India(13.90%), Darshan Orna(13.33%), Response Informatic(12.37%), Raghuvir Synthetics(11.54%), Ramco Systems(10.56%), Hikal Ltd(10.45%), Bombay Wire Rope(10.45%) and Mefcom Capital(10.01%).

Choksi Imaging(up 19.99%), IO System Ltd(up 19.96%), Pudumjee Paper Prod(up 18.15%), BN Rathi Sec(up 17.24%) and Nelco Ltd(up 16.08%) were among the stocks that surged over 15%.

Sandip Sabharwal, asksandipsabharwal.com, says net-net, 2025 should be a reasonably good year overall because today the consensus trade is long dollar, long US equities, and the overweights on that are so excessive that normally and the consensus view is so drastic on that side, normally the reverse plays out and we could actually see emerging markets and emerging market currencies do better in 2025. In auto, among two-wheelers, TVS has done better than expected, Hero MotoCorp has done less well. Maruti numbers seem to be pretty good and they are the ones who actually corrected the delay in inventories and the management said that we are back to normal last month. So, the positives seem to be from TVS and Maruti. What do you make of the GDP slowdown because people are trying to find reasons around it as to whether one should look at the nominal number or if it is just manufacturing or a backward-looking data and all of that. What is your key takeaway on consumption right now? Sandip Sabharwal: GDP data, whenever it is released, is obviously backward-looking because the reports of the companies have already come in. So, the second quarter results in general were disappointing and those by themselves reflected a growth slowdown. All of us knew that there was a growth slowdown. It was just RBI, which was maintaining a very high forecast of growth, which looked very improbable. So, that reporting has come in.

Pashupati Advani, Founder, Global Foray, says there is no real trigger to take the market to a new level. FIIs are selling, SIPs are still there which is good, but the actual retailer who has been providing the liquidity and enjoying the market is not being able to make money and will leave the markets and that is not a good sign. Advani says he is still very defensive and looking at cement, a little bit of pharma and a couple of PSUs. He is being very conservative and still sitting on some cash, waiting for opportunities. What are you buying right now? What is keeping you busy? Pashupati Advani: Trying to stay out of trouble. I bought Reliance last week. I am crying.

IPO party of 2024 stood out as a landmark year for fundraising, with blockbuster issues making headlines and drawing strong investor interest. However, the post-listing performance of many of these IPOs was mixed with 48% of the issues or nearly 1 in 2 slipping below their listing day close, according to an analysis by ETMarkets. Out of the 72 IPOs for which data is available, 35 are currently trading below their listing day price. On the brighter side, three issues have turned into multibaggers, while 27 have delivered strong double-digit returns since their debut.