GNG Electronics Ltd has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO). The proposed IPO is a combination of a fresh issue of equity shares aggregating up to Rs 825 core and an offer for sale (OFS) of up to 97 lakh equity shares by promoters, … Read more
Torrent Power on Monday said its Rs 3,500 crore qualified institutional placement (QIP) issue was oversubscribed four times. The issue received bids of about Rs 14,000 crore against the base issue size of Rs 3,500 crore, a company statement said. The issue garnered significant response from investors, including domestic mutual funds, global investors and insurance … Read more
Star Agriwarehousing and Collateral Management Ltd, a tech-driven agricultural services firm, has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO). The proposed IPO comprises a fresh issue of equity shares aggregating up to Rs 450 crore and an Offer-For-Sale (OFS) component of 2.69 crore equity shares … Read more
A long negative candle was formed on the Nifty daily chart on Tuesday, placed near the recent swing low of 4th November around 23,816 levels. Technically, this pattern indicates a lack of strength in the market to sustain the upside bounce. The short-term trend of the Nifty continues to be weak. A slide below 23,800 … Read more
A small negative candle was formed on the daily chart at the new swing lows of 24,341 with minor upper and lower shadows. Technically, this pattern indicates the formation of a Doji-type candle pattern (not a classical one). Normally, the formation of Doji after a reasonable upmove or downmove is considered an impending reversal pattern … Read more
A small positive candle was formed on the daily chart on Wednesday with an upper shadow. Technically, this formation indicates a type of bullish inverted hammer-type candle pattern, not a classical one. A sustainable move above the high of this pattern at 24,605 could confirm the positive pattern for the short term. The underlying trend … Read more
The Nifty formed a bull candle on the daily chart as the market continued its upside journey on Monday and closed the day higher by 148 points. After opening with an upside gap of 80 points, the market continued to surge up amidst range movement for the better part of the session. New all-time high … Read more
After showing a narrow range movement in the last four sessions, Nifty made a failed attempt at a decisive upside breakout of the range on Thursday and closed the day with minor gains of 38 points, after opening with an upside gap of 110 points and registering a new all-time high of 25,611. A small … Read more
The Nifty formed a small negative candle on the daily chart as consolidation movement continued in the market for the second consecutive session on Monday. The index closed the day with minor gains of 27 points. The Nifty50 index touched the 25,446 mark before closing at 25,384, up by 28 points or 0.11%. Meanwhile, the … Read more
The initial public offering (IPO) of Bajaj Housing Finance was subscribed over 3 times on the second day of bidding on Tuesday, led by strong demand from non-institutional investors (NIIs). On Day One, the issue was subscribed 2.02 times. At 11:09 am, the issue attracted bids for 2,17,98,61,352 shares, or 3 times against the issue … Read more