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Thursday, November 30, 2023
Wednesday, November 29, 2023
#A3RT @arbindtiwariT
The Indian Renewable Energy Development Agency #IREDA surged 87% on its market debut on November 29 backed by strong market conditions, healthy IPO subscription figures and expected growth in the renewable energy space.
The blockbuster debut saw the government-owned firm’s market capital nearly double to Rs 16,124 crore.
The stock listed at a higher-than-expected price of Rs 50 on the National Stock Exchange, up 56% from the issue price of Rs 32. Analysts had expected IREDA to list at around 30-35% premium over the issue price.
#A3RT @arbindtiwariT
#BankBaroda will float bonds worth Rs 5,000 crore on November 30, money market sources said. The issue has a base size of Rs 1,000 crore and retains over subscription of Rs 4,000 crore.
The bonds will mature in 10 years or on December 1, 2033, sources added.
Bidding for these bonds will take place on November 30, between 11 am and 12 pm on the electronic bidding platform of the National Stock Exchange of India.
The pay-in date of the bonds is December 1. The pay-in date is a date when the exchange of bonds and funds will take place between the issuer and investors.
The bonds have been rated 'AAA' with a 'Stable' outlook by CRISIL and India Ratings. The minimum application size of the bonds is Rs 1 lakh and in multiples of Rs 1 lakh.
#CharlieMunger, the billionaire philanthropist, Berkshire Hathaway Vice Chairman & regarded as #WarrenBuffett's closest aide, has passed away at the age of 99 on Tuesday night in California
Tuesday, November 28, 2023
After two days of mildly negative close, the Indian benchmark indices made a strong close in yet another volatile session on November 28, with the Nifty surpassing 19,900 led by buying in oil & gas, power, auto and metal names.
At close, the Sensex was up 204.16 points or 0.31 percent at 66,174.20, and the Nifty was up 95.00 points or 0.48 percent at 19,889.70.
On the back of mixed global cues, the market started mildly higher but the gains were erased in the initial hours and witnessed a range-bound movement. However, final-hour buying helped indices to close near the day’s high levels.
The biggest gainers on the Nifty were Adani Enterprises, Adani Ports, Tata Motors, BPCL and Coal India, while losers were Eicher Motors, Apollo Hospitals, ICICI Bank, ITC and Cipla.
On the sectoral front, power and oil & gas indices added 3 percent each, while metal, auto and PSU Bank indices rose 1 percent each. On the other hand, some selling is seen in the capital goods, FMCG and pharma names.
The BSE midcap index was up 0.3 percent and the smallcap index ended on a flat note.
A long build-up was seen in Adani Enterprises, Adani Power and Multi Commodity Exchange of India, while a short build-up was seen in Tata Communications, Delta Corp and Glenmark Pharma.
Monday, November 27, 2023
#A3RT Have Views For These Stocks..
#relianceindustries Target Price 2950-3150
#BandhanBank 275-295-315
#BankBaroda 245-265
#BPCL 445-450
#NTPC 285-90
#GmrInfra 75
#HDFCBank 1750-1800
#INFY 1800-1830
#PNB 95-100
#indiacem 280-295
Disclosure: No Buy / Sell Recommendations Given Personally To Any Clients, So Please Read Carefully Before Any Investments Or Tradings. Only For Your Study & Research Dear..
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