CA Rudramurthy BV, the Managing Director of Vachana Investments, advises investors to avoid mid and small-cap stocks, especially in the SME and IPO areas, until prices stabilize. He stresses the importance of being cautious and protecting your investments during this time. Market Correction Expectations By CA Rudramurthy BV CA Rudramurthy BV expects a price correction…
The stock market rally gained strong momentum today, with 309 stocks hitting their upper circuit limits. Investors saw renewed enthusiasm as key sectors, including banking, IT, and pharma, contributed to this rally. This surge follows a series of minor corrections, showing that this rally is regaining pace despite global uncertainties. Banking and Pharma Lead the…
Wipro, HCL Tech, TCS, Infosys, and TechM shares: Based on projections of significant deal-driven growth acceleration, the consensus 12-month forward profit growth forecast for the two IT companies stands at 11% at the moment. Over the previous 12 months, the average expectations for the earnings per share (EPS) of the top five IT companies—Tata Consultancy…
Kalahridhaan Trendz: On February 23, fabric manufacturer Kalahridhaan Trendz debuted on the NSE SME platform, trading at a 4.7 percent premium above the issue price. The stock opened at Rs 47.15, exceeding the issue price of Rs 45. Before the listing, the share was trading at a 6.6 percent premium in the grey market, an…
Taking Stock: During today’s incredibly volatile trading session, the benchmark indices managed to completely reverse all losses from the previous session. The Nifty soared to reach an unprecedented all-time high of 22,252.50, driven by widespread buying across various sectors. Amidst mixed global signals, the market kicked off on a flat note. However, profit booking from…
Juniper Hotels IPO: As of February 22, the second day of bidding, investors’ response to Juniper Hotels’ public offering has been muted, with only 13% of investors subscribing. High net-worth people purchased 0.07 times the allotment, while retail investors bid 63%. The company intends to issue an additional 5 crore shares to raise Rs 1,800…
GPT Healthcare’s IPO: Today is the opening of subscriptions for the hospital chain GPT Healthcare Ltd., situated in Kolkata, to go public. The firm hopes to generate about Rs 40 crore through the IPO through the new issue and an Offer For Sale (OFS) of up to 2.61 crore shares. The price range that the…
Wipro shares: On Wednesday morning, Wipro Ltd., a major player in the IT industry, will be the center of attention after announcing that it has expanded its partnership with Intel Foundry to speed up innovation in chip design. The announcement followed Wipro’s post-market announcement on Tuesday announcing that it had increased its collaboration with IBM…
HFCL shares: On February 21, HFCL Limited witnessed a notable surge in its shares, rising by over 3 percent to reach Rs 115, marking a new 52-week high during afternoon trading. This upward trajectory followed the company’s significant announcement of venturing into Europe strategically. HFCL revealed its plans to establish a manufacturing facility for optical…
Union Bank of India: Union Bank’s shares surged by 6 percent in early trading on February 21st, following the announcement by the PSU lender of a Rs 3,000-crore qualified institutional The bank announced a qualified institutional placement (QIP) at a floor price of Rs 142.78 per share. The floor price represents a slight premium compared…
