Band Financial News
27.06 / 06:09
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Visaman Global Sales IPO: Focus shifts to allotment today. Latest GMP, 6 steps to check status
demat accounts.Also Read: Visaman Global Sales IPO price band set at ₹43 per share; SME IPO to open on June 24The initiation of the refund process will start on Monday, April 29, for individuals not given shares. Those allotted will receive their shares in their demat accounts on Monday.Visaman Global IPO listing date is scheduled for Monday, July 1.If you have applied for the Visaman Global Sales IPO, you can do a Visaman Global IPO allotment status check on the website of the IPO registrar, which is Link Intime India Private Ltd.
27.06 / 05:19
markets
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Allied Blenders and Distillers IPO day 3: GMP, subscription status to review. Should you apply as bidding ends today?
Allied Blenders and Distillers IPO: As of the third day of the Allied Blenders and Distillers IPO, the initial public offering (IPO) of Allied Blenders and Distillers Limited, which commenced on 25th June 2024, is currently open for subscription until 27th June 2024. This means that primary market investors have a single day left to apply for the public issue.
27.06 / 04:11
markets
FIVE
economy
Trade
War
band
Who’s afraid of a falling yuan?
Now it’s the turn of the Chinese yuan. An important economic development of late has been the depreciation of Asian currencies relative to the dollar. China’s currency is in the spotlight again amid new speculation over whether Beijing is implementing a competitive devaluation of some sort, or will do so—and whether this will become the excuse for a trade war.
26.06 / 06:17
markets
UPS
IPO
Manufacturing
security
band
Stanley Lifestyles IPO: A look at latest GMP and how to check allotment status
₹537 crore initial public offering (IPO) of Stanley Lifestyles was available for subscription between June 21 and June 25 with a price band of ₹351-369. The issue saw overwhelming demand, being subscribed 97.16 times in the 3 days of bidding.
26.06 / 05:37
UPS
IPO
Manufacturing
band
recommendations
International
Vraj Iron and Steel IPO opens. Should you subscribe to this issue?
IPO) of Vraj Iron and Steel opened for subscription earlier today. The company plans to raise around Rs 171 crore through the issue, which closes on June 28. The IPO comprises only a fresh equity issue of up to Rs 171 crore.
26.06 / 05:37
UPS
Target
Progressive
Election
Experts
band
Momentum Pick: Will this multibagger’s weekly breakout lead to another leg of rally?
Suzlon Energy shares have rallied 11% since June 4, 2024, after a 3% fall on the election outcome. On Monday, the counter hit a fresh 52-week peak and in the process gave a breakout from the last week high. The stock is a momentum pick, say analysts who see up to 28% upside over the current levels. On Tuesday, Suzlon Energy stock ended at Rs 53.62, down by Rs 1.09 or 2%.
26.06 / 02:29
markets
IPO
security
Research
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band
Akme Fintrade IPO listing date today. GMP, experts signal positive debut of shares
Akme Fintrade IPO: The listing date for the initial public offering of Akme Fintrade (India) Limited has been fixed on 26th June 2024, i.e. today. According to the BSE notice, effective from Wednesday, June 26, 2024, the equity shares of Akme Fintrade (India) shall be listed and admitted to dealings on the Indian exchanges in the 'T' group of securities list.
25.06 / 17:39
IPO
Manufacturing
security
wellness
band
Vraj Iron and Steel IPO: Steel maker raises ₹51.29 crore from anchor investors ahead of public issue
₹51.29 crore from its anchor round ahead of its initial public offering (IPO) on Wednesday, June 26.According to an exchange filing, the metal manufacturer allocated 24,78,259 equity shares to anchor investors at ₹207 per share.Volrado Venture Partners, Ashika Global Securities, Capri Global Housing Finance, Rajasthan Global Securities, Leading Light Fund, and Astorne Capital were the anchor investors who participated in the round.According to the filing, no mutual fund has applied through any scheme for any of the 24,78,259 equity shares allotted to the anchor investors.Volrado Venture Partners and Ashika Global Securities got the most equity share allocation at 48.74 per cent and 12.28 per cent, respectively.The metal manufacturer's IPO will open for retail subscription on Wednesday, June 26, and close on Friday, June 28. The price band for the IPO has been set at ₹195 to ₹207 per equity share, with a face value of ₹10 per share.The Vraj Iron and Steel IPO is valued at ₹171 crore.
25.06 / 12:45
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testing
Tech View: Nifty breaks key hurdle after 2 weeks. Here’s how to trade on Wednesday
Nifty ended Tuesday’s session 183 points higher to form a long bull candle on the daily chart and surpassed 23,600 hurdle after two weeks of consolidation. The short-term trend of Nifty remains positive. The market is now showing early signs of upside breakout in the near term. The next upside levels to be watched are around 24,000. Immediate support is placed at 23,550, said Nagaraj Shetti of HDFC Securities.
25.06 / 11:39
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IPO
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Experts
band
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Vraj Iron and Steel IPO opens tomorrow: GMP, issue details, 10 key things to know
Vraj Iron IPO date: Vraj Iron and Steel IPO opens for subscription on Wednesday, June 26, and closes on Friday, June 28.Vraj Iron IPO price band: Vraj Iron and Steel IPO price band has been fixed in the range of ₹195 to ₹207 per equity share of face value of ₹10.Vraj Iron IPO lot size: Vraj Iron and Steel IPO lot size is 72 equity shares and in multiples of 72 equity shares thereafter.Anchor investors: The allocation to anchor investors for Vraj Iron and Steel IPO is scheduled to take place today (Tuesday, June 25).Vraj Iron IPO details: Vraj Iron and Steel IPO, worth ₹171 crore is completely a fresh issue of 8,260,870 equity share; there is no offer for sale (OFS) component, according to Red Herring Prospectus (RHP).Vraj Iron IPO objective: The company plans to use the proceeds from the IPO for general corporate operations and an expansion project at the Bilaspur site.Vraj Iron IPO listing date and allotment details: It is tentative that on Monday, July 1, the Vraj Iron and Steel IPO basis for share allocation will be finalized. On Tuesday, July 2, the business will begin refunds, and the shares will be deposited to the allottees' demat accounts the same day after the refund.
25.06 / 09:13
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IPO
Digital
Mobile
Hyundai
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Akiko Global Services IPO: Issue subscribed 50% so far on Day 1; check GMP, other key details of SME IPO
₹23.11 crores at the upper band through this IPO, with shares set to be listed on the NSE Emerge platform.The company partners with major banks and non-banking financial companies (NBFCs) in India and specializes in distributing and selling financial products, such as credit cards and loans.Also Read: How Hyundai India IPO may affect Maruti Suzuki, Tata Motors and M&M shares?Let us check Akiko Global Services IPO GMP, subscription status, and other key details.Akiko Global Services IPO has been subscribed 0.50 times so far on Tuesday, the first day of the bidding process. The public issue received bids for 10.44 lakh equity shares as against 20.81 lakh shares on the offer, as per the data available till 2:05 pm.The IPO has been subscribed 0.96 times in the retail category, and 0.20 times in the Non-Institutional Investors (NII) category so far.Akiko Global Services IPO GMP today, or grey market premium today, is ₹18 per share, according to stock market observers.
25.06 / 09:13
markets
IPO
trends
Trade
band
cover
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Akme Fintrade IPO listing tomorrow: Here's what GMP, subscription status hint ahead of share debut
demat accounts will occur today, Tuesday, June 25. Today will also see the completion of the share refund procedure for those who have not yet received them.According to BSE data, the Akme Fintrade IPO subscription status on the third day of bidding was 55.12 times.
25.06 / 07:45
Provident
Waters
Parke
Fishing
band
innovations
European Space Agency shares mesmerizing image of Ram Setu linking India and Sri Lanka
European Space Agency (ESA) has released an image of the Ram Setu, also known as Adam's Bridge, captured by its Copernicus Sentinel-2 satellite. This chain of shoals stretches 48 km, connecting Rameswaram Island in India and Mannar Island in Sri Lanka. It separates the Gulf of Mannar from the Palk Strait. The satellites carry an innovative wide swath high-resolution multispectral imager with 13 spectral bands and provide a new perspective of land and vegetation.
25.06 / 06:05
markets
IPO
Booking
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band
Dindigul Farm Product IPO allotment likely to be out today; Latest GMP, steps to check status
Also Read: Stanley Lifestyles IPO closes today: latest GMP, review, subscription status, key dates. Should you subscribe?The company will credit the shares into the Demat accounts of eligible investors on June 26 and will initiate refunds to unsuccessful bidders on the same day.Dindigul Farm IPO allotment status can be checked online through the BSE website or the official portal of IPO registrar.
25.06 / 05:25
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IPO
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Divinity
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3 SME IPOs open for subscription today. Check details before subscribing
IPO market is thriving with as many as three new issues opening for subscription today. Divine Power Energy, Akiko Global Services, and Petro Carbon and Chemicals are the companies launching their initial shares to investors. Here are all the details about these 3 IPOs:
24.06 / 06:55
markets
Target
FIVE
Analysis
trends
band
recommendations
Stocks to buy: PVR INOX, Kalyan Jewellers among 10 stocks that may rise 8-17% in the next 3-4 weeks, say analysts
₹440-340 levels on the weekly chart, signalling a positive bias.The stock is trending in a higher high-low pattern on the weekly chart, indicating a medium-term uptrend.It found support at the 20-week SMA (simple moving average) and bounced back, which will serve as short-term support moving forward.The weekly RSI strength indicator has crossed above its reference line and broken through the falling channel, generating a buy signal.Railtel Corporation of India has demonstrated a breakout above the ₹465-340 consolidation zone on the weekly chart, indicating the continuation of the medium-term uptrend.During the pattern formation, volume activity tended to decline, while at the breakout, there was an increase in activity, indicating heightened market participation.The stock took support at the 38 per cent Fibonacci retracement level of a rally from ₹96 to ₹496, positioned at ₹337, confirming a medium-term support base.The weekly strength indicator RSI has given a crossover above its reference line, generating a buy signal.Ramkrishna Forgings has demonstrated a breakout above nine months of consolidation between ₹815-600 levels on the weekly chart, indicating the continuation of the medium-term uptrend.The volume of activity increased at the breakout, indicating an influx of market participation at the breakout level.The stock closed above the weekly upper Bollinger band, generating a medium-term buy signal.The weekly strength indicator RSI has broken above a downward-sloping trendline, hence generating a buy signal.Elgi Equipments displays a bullish trend on the weekly chart, characterised by higher highs and higher lows, supported by an upward-rising channel.It took support at the lower band recently and is now heading
24.06 / 06:55
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security
Sustainability
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reports
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Nifty 50 to remain volatile with bullish bias; RVNL, Suzlon among top technical picks by Rupak De of LKP Securities
Stock market today: Financials and metals were the primary drivers of Monday's declines in the domestic benchmark indices, the Sensex and Nifty 50. A report indicating that the markets regulator was looking into claims of "front-running" at Quant Mutual Fund also caused some small- and mid-cap stocks to fall.The Nifty 50 began trading at 23,382.30 level, down 118.80 points or 0.51%, while the 30-share BSE Sensex opened down by 324.18 points or 0.42% at 76,885.65 level.Also Read: Stocks to buy: PVR INOX, Kalyan Jewellers among 10 stocks that may rise 8-17% in the next 3-4 weeks, say analystsAnalysts predicted that the national budget declaration next month and the earnings season will have an impact on the direction of the markets.On the future and options (F&O) market, Bank Nifty so far added 60.93 lakh contracts in open interest whereas 84.31 lakh have been added in Put open interest, while Nifty 50 so far today have added 90.54 lakh contracts in open interest; whereas 1.62 crore have been added in Put open interest.
24.06 / 06:39
markets
COST
UPS
War
band
Rs 96,000-crore spectrum auction of 5G airwaves to kick off on Tuesday
5G airwaves worth over Rs 96,000 crore is set to kick-off Tuesday. However, unlike the last sale in 2022, when the government netted a record Rs 1.5 lakh crore, this time the exercise is expected to be a muted affair, said industry executives and analysts. They say the upcoming airwaves sale is likely to be low-key as Reliance Jio, Bharti Airtel and Vodafone Idea (Vi) have adequate 5G airwave holdings and, 5G adoption remains low in the absence of any consumer-centric use cases for the masses. Analysts expect that the three telecom firms could collectively buy around Rs 12,500 crore of spectrum, which is about 13% of the Rs 96,320 crore worth of airwaves on offer.
24.06 / 06:19
UPS
IPO
Platform
band
performer
country
reports
Visaman Global Sales IPO opens today: Check issue size, price band, GMP and other details
SME IPO of Visaman Global Sales has opened for subscription today and will close on June 26. The company aims to raise about Rs 16.05 crore through the SME IPO and list the shares on NSE SME platform. Here are 10 key things investors need to know about the public offer before subscribing to the issue. 1) About Visaman Global Sales
24.06 / 05:07
markets
UPS
IPO
Trade
Experts
band
United Cotfab share price makes a lukewarm debut, stock opens with a mere 7% premium at ₹75 apiece on BSE SME
₹75, which is 7.14% higher than the issue price of ₹70. Following a tepid listing, stock gained over 12% trading at ₹78.75 apiece at 10:10 IST. The price band for the United Cotfab IPO was set at ₹70 for each equity share, which has a face value of ₹10.
24.06 / 05:07
markets
IPO
Booking
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Experts
band
recommendations
Stanley Lifestyles IPO Day 2: GMP, subscription status to review. Apply or not?
Stanley Lifestyles IPO: The initial public offering (IPO) of Stanley Lifestyles Limited commenced on 21st June 2024, and will continue until 25th June 2024. The IPO was met with a strong response from primary market investors, with the public offer being fully subscribed on the first day of bidding.
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