Profit by knowlytics
On July 28, four Nifty 500 stocks, including Radico Khaitan and Kalyan Jewellers, closed above their Volume Weighted Average Price (VWAP). According to StockEdge data, trading above VWAP indicates that buyers paid above the day’s volume-weighted average, signalling potential short-term bullish momentum across these counters.
Inox Wind secured a repeat 200 MW turnkey order from NLC India worth Rs 1,600 crore. This project involves end-to-end execution and will be commissioned within twenty-four months. The company’s order book now stands at 4.7 GW, strengthening its market position. Inox Wind’s CEO expressed confidence in growth visibility and timely project delivery. The company…
Shree Balaji (Mala) Textiles is set for its stock market debut today on the BSE SME platform. The company’s shares are showing a strong grey market premium of 80%. Its recent IPO received an overwhelming subscription of over 186 times overall. Proceeds from the issue will primarily strengthen the company’s working capital needs. Shree Balaji…
Gold prices saw a slight decrease as the dollar remained strong. Market participants await the Federal Reserve’s policy decision for rate clues. Central banks in England and Japan are also expected to hold rates steady. Geopolitical tensions in the Middle East are also being monitored closely. Analysts have adjusted their year-end gold and silver price…
South Korean shares saw a rebound on Wednesday after a significant previous day’s fall. Investors engaged in dip buying, focusing on domestic chipmaker earnings and major US tech firms. The benchmark KOSPI index experienced a notable increase, recovering from its lowest close in weeks. Chipmaker SK Hynix reported strong quarterly results, while Samsung Electronics also…
SK Hynix shares have seen a significant decline recently. Concerns about market overcrowding and leverage have impacted the stock. Recent reports on Chinese progress fueled further worries about capacity. Despite expected record earnings, investors are becoming cautious about memory chip prices. The company’s stock still shows strong annual gains due to its AI leadership.
SpaceX shares have dropped twenty percent since their debut last month. Investors are avoiding riskier technology firms and AI ecosystem concerns are rising. The company has lost over one trillion dollars in market value from its peak. Geopolitical factors and spending power are impacting valuations across the industry. Upcoming lock-up expirations could further affect the…
Ferns N Petals aims for an initial public offering by late 2028. The company plans to fund expansion and acquire other gifting brands. Annual revenue growth of approximately twenty-five percent is targeted. The retailer will also expand its store network to three hundred fifty locations. This move supports growth in India and international markets.
Manipal Health Enterprises’ Rs 9,275-crore IPO opens for subscription on July 29 with a muted grey market premium of around 2%, signalling limited listing gains. The hospital chain plans to use proceeds to reduce debt and fund acquisitions. While most brokerages recommend subscribing for the long term, several caution that the IPO’s premium valuation caps…
Adani Energy Solutions’ ₹3,500 crore qualified institutional placement saw strong demand. The issue was subscribed 3.1 times, drawing bids worth ₹10,841 crore. Domestic mutual funds and insurers participated actively in the offering. Foreign investors like Manulife and Fiera Capital also joined the placement. The company priced its shares at a discount to market rates.