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Enviro Infra Engineers IPO opens for subscription on November 22, aiming to raise funds for working capital and growth. The company specialises in water treatment projects and has built 28 plants since 2017. The IPO price band is set between ₹140 to ₹148 per share. Continue Reading »
Abhijit Bhave, Managing Director and CEO, Equirus Wealth believes a 5-10% correction from current levels might be a fair expectation for stabilization. However, a strong earnings report card in December quarter is what might bring some sense of relief in the markets, he noted. Continue Reading »
Amid market corrections, 14 Nifty 500 stocks saw gains of 10% to 38%. Syrma SGS Technology led with a 37.5% increase, while Deepak Fertilisers rose 22%. ITI and Kirloskar Brothers also recorded significant gains following positive Q2 results. Continue Reading »
The Indian market faces challenges from rising dollar index and foreign investor outflows. While November shows a 3% decline, analysts predict a recovery in FY25 supported by government spending and consumer demand. Investors should monitor global developments and focus on a diversified portfolio. Continue Reading »
Stock Check: Marico share price dropped 20% from its peak, despite a 20.27% increase in Q2FY25 net profit. Analysts downgraded the stock to 'Accumulate' with a target of ₹678, citing rising costs and slow urban consumption recovery due to high food inflation. Continue Reading »
The NTPC Green Energy IPO, targeting ₹10,000 crore, has seen robust interest, particularly from retail investors. The first day marked a 33% subscription rate, with retail oversubscribing 1.33 times. The offering aims to fund renewable energy projects and reduce existing debts. Continue Reading »
Indian equities faced significant selloff following disappointing September quarter earnings, with mid and small-cap stocks hit hardest. Brokerage firms have lowered earnings estimates, citing reduced government expenditure and slowing urban consumption. Continue Reading »