Profit by knowlytics
The IPO is entirely an Offer for Sale (OFS) comprising more than 2.59 crore equity shares, which means the proceeds will go to the existing shareholders, while the company itself will not receive any funds from the offering.
Four stocks from the Nifty500 segment that gained over 2% featured in the RSI Trending Up scan on July 22 after showing improving momentum. The RSI moved above the 50 mark from lower levels, signalling strengthening price action, improving sentiment and potential short-term buying opportunities for traders tracking bullish technical setups.
On July 22, four stocks in the Nifty500 pack rallied more than 1% above their Volume Weighted Average Price (VWAP), according to StockEdge’s technical scan data. Trading above the VWAP is widely regarded as a bullish technical signal, reflecting strong buying interest and indicating the potential for further upside.
Oracle Financial Services Software reported a 121% net income rise to Rs 1,416 crore. Revenue from operations increased 69% year-on-year to Rs 3,125 crore. The company secured new agreements with major U.S. and Mexican financial institutions. Oracle’s products business saw a 75% revenue increase during the quarter. Management attributed the success to its AI-first strategy…
Gold prices softened on Thursday after reaching recent highs. Escalating Middle East tensions boosted oil prices and the dollar’s safe-haven appeal. Traders now await the Federal Reserve meeting for interest rate clues. Rising oil prices also fueled inflation concerns and potential Fed rate hikes. Other precious metals like silver and platinum saw modest gains.
Based on the current GMP, the company’s shares are estimated to list at around Rs 670 per share, compared with the upper issue price of Rs 485. However, investors should note that the grey market is unofficial, and GMP is only an indicator of investor sentiment, not a guarantee of listing gains.
The 200 DMA is a key indicator traders use to determine the overall trend in a particular stock. Take a look:
As per Sebi’s T+1 settlement cycle, investors must buy a company’s shares at least one trading day before the record date to ensure the shares are credited to their demat accounts in time, and they become eligible for the corporate action
Asian shares advanced as regional chipmakers gained on artificial intelligence buildout expectations. Oil extended its rally after Houthi militants targeted Saudi Arabian tankers in the Red Sea. Alphabet Inc. raised its capital spending significantly, impacting US equity futures negatively. Investors are scrutinizing megacap earnings for AI return on investment signs. Geopolitical tensions and rising energy…
Indian markets experienced a decline on Wednesday due to global and geopolitical concerns. IndusInd Bank reported a significant profit increase while Eternal saw substantial net profit growth. BPCL, however, posted a considerable loss in the first quarter. Adani Green announced a moderate profit rise, and Dr Reddy’s profit declined. Several other companies like Infosys will…