Gland Pharma and 3 other stocks close below VWAP
On September 9, the closing prices of four stocks from Nifty500 dropped by more than 1% relative to the VWAP, and a shift below the VWAP suggests a potential bearish trend.
On September 9, the closing prices of four stocks from Nifty500 dropped by more than 1% relative to the VWAP, and a shift below the VWAP suggests a potential bearish trend.
Kirloskar Oil Engines Ltd. key Products/Revenue Segments include Engine & Gensets, Sale of services, Scrap, Export Incentives, Solar Power, Other Operating Revenue, Commission for the year ending 31-Mar-2024.
UBS Group AG is considering partnerships for wealth management in India to navigate the competitive market. Options include buying a stake in a local firm for a joint venture. This move aims to expand UBS's reach among India's wealthy, following its recent acquisition of Credit Suisse's team.
UBS Group AG is considering partnerships for wealth management in India to navigate the competitive market. Options include buying a stake in a local firm for a joint venture. This move aims to expand UBS's reach among India's wealthy, following its recent acquisition of Credit Suisse's team.
On September 9, the closing prices of six stocks from the Nifty500 pack rallied over 2% relative to the VWAP, and a shift above the VWAP suggests a potential bullish trend.
Nestle India Ltd., incorporated in the year 1959, is a Large Cap company (having a market cap of Rs 242654.25 Crore) operating in FMCG sector.
Within Nifty, Power Grid, Divi's Lab, Bharti Airtel, and Apollo Hospitals were the top gainers and went up to 1-2% each.
The Indian market is expected to consolidate on Tuesday, influenced by mixed global cues. Nifty futures closed with a gain of 0.35% at 24,993 levels on Monday. Experts have recommended various stocks for short-term trading, including Britannia Industries, Havells India, and Dabur India among others. Options data suggests a broader trading range between 24,500 to 25,400 zones.
International recharge packs for telecom companies have surged due to increased overseas travel. Data consumption per person has risen from 500 MB to 2-5 GB daily. Global SIM resellers like Matrix Cellular and TSIM Communications report a 50% annual sales increase, with eSIMs gaining popularity for their convenience and cost-effectiveness.
HG Infra Engineering Ltd. key Products/Revenue Segments include Contract Revenue, Sale of services and Scrap for the year ending 31-Mar-2024.
Inox Wind Ltd. key Products/Revenue Segments include Wind Turbine Generator, Sale of services and Other Operating Revenue for the year ending 31-Mar-2023.
In the Nifty200 pack, five stocks' close prices crossed above their 200 DMA (Daily Moving Averages) on September 9, according to stockedge.com's technical scan data.
Va Tech Wabag Ltd. key Products/Revenue Segments include Contract Service and Other Operating Revenue for the year ending 31-Mar-2024.
Triveni Turbine Ltd., incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 23735.87 Crore) operating in Engineering sector.
Trafiksol ITS Technologies' SME IPO opens today, aiming to raise Rs 45 crore by issuing 64.1 lakh fresh equity shares. The price band is set at Rs 66-70 per share, with a GMP of Rs 80 in the unlisted market. The IPO closes on September 12, with shares likely to list on September 17.
After reviewing the portfolio, drill down into asset classes like equity, debt, and gold, and compare them with relevant benchmarks. Finally, analyze individual funds against both broad (e.g., Nifty 50) and specific fund-level benchmarks.
The SME IPO of SPP Polymer opens for subscription today, aiming to raise Rs 24 crore through a fresh equity issue. The company offers packaging solutions to various industries and plans to list shares on the NSE SME platform. The IPO closes on September 12, with shares priced at Rs 59 each.
Seven stocks, including Aditya Birla Fashion and Retail, Balrampur Chini, and Bandhan Bank, are under F&O trade ban as their open interest crossed 95% of market-wide position limits. The ban is lifted only if open interest falls below 80%. Nifty and Sensex closed higher, driven by banks and FMCG stocks.
Brokerage firms have shared their latest ratings on various companies. Citi has a neutral view on Infosys, InCred holds SBI Life, CLSA rates ICICI Bank as outperform, Morgan Stanley is overweight on Suzlon Energy, and Goldman Sachs recommends buying Marico. These ratings reflect current market trends and company performance.
PN Gadgil Jewellers IPO GMP: PN Gadgil Jewellers' IPO opened for subscription, offering up to 1.7 crore fresh shares and 52 lakh shares through an offer for sale. The funds will be used for new stores, debt repayment, and corporate purposes. Analysts recommend subscribing due to the company's strong market presence and growth potential.
It’s a mixture of stellar results and liquidity backing the rally. Banking as a percentage of the Nifty 50 index is nearly 18%, and these banking companies have delivered solid growth on the top and bottom lines.
The UAE and India have strengthened their economic ties through the Comprehensive Economic Partnership Agreement (CEPA), signed in February 2022. This partnership aims to reduce tariffs, enhance private-sector networks, and boost investments in key sectors like logistics, healthcare, and AI. The agreement has already led to significant investments and new projects in both countries.
Dabur stock prices have been on an upward trend since April 2024, recently breaking out of an inverted Head & Shoulders pattern. Trading at Rs 662.35, the stock has surpassed its Rs 660 resistance level. Analysts suggest it could target Rs 700-715, with immediate support at Rs 635.
Apple has unveiled the iPhone 16 series at its Glowtime event, featuring Apple Intelligence for enhanced AI capabilities. The new models are expected to attract users upgrading from older versions. Despite unchanged prices, the launch is seen as crucial for Apple's market share in India, particularly in the premium segment.