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The IPO comprises a fresh issue worth Rs 380 crore and an offer for sale (OFS) of up to Rs 59.5 crore by existing shareholders. The price band has been fixed at Rs 161-170 per share, with investors able to bid for a minimum of 88 shares.
AI chip challenger Etched has secured a massive $800 million in funding, with backing from industry heavyweights like Jane Street and a firm linked to TSMC. The startup, aiming to rival Nvidia, is set to begin shipping its AI chips this summer. Etched has already inked $1 billion in sales contracts and boasts an impressive…
Chinese stocks are experiencing a significant downturn in 2026, with the MSCI China Index plummeting 15%, marking its worst performance globally. Tech giants Tencent and Alibaba have seen substantial drops, erasing billions in value. This decline contrasts sharply with earlier optimistic forecasts from financial institutions like Goldman Sachs. Despite economic headwinds, China’s factory activity expanded…
Gold prices tumbled to a seven-month low as hopes for a U.S.-Iran peace deal faded, fueling inflation worries and increasing the likelihood of Federal Reserve interest rate hikes. Cleveland Fed President Beth Hammack indicated a willingness to raise rates if inflation persists. Investors are now keenly awaiting U.S. employment data for further clues on the…
Investor enthusiasm remains high ahead of the listing, with the company’s shares commanding a grey market premium (GMP) of around Rs 50, translating to nearly 36% above the upper issue price of Rs 138. Based on current GMP trends, the stock is expected to list at around Rs 188 per share, suggesting healthy listing gains…
Ahead of the listing, the IPO is commanding a grey market premium (GMP) of -Rs 51, implying a 6.31% discount to the upper price band of Rs 808 per share. Based on the current GMP, the estimated listing price is around Rs 757, suggesting a weaker-than-expected market debut.
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As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend.
Indian markets experienced a volatile session ahead of monthly expiry, with the Nifty closing lower at 23,866. Geopolitical tensions in West Asia are expected to keep investor sentiment cautious, despite a dip in crude oil prices. Analysts suggest a mixed trend for equities, with the Nifty potentially hovering around 24,000, but a break below 23,800…
Indian markets experienced a volatile yet narrow trading range, concluding marginally lower as consolidation persists. Analysts await a decisive breakout above 24,200. Key stocks like Tata Motors, HDFC Bank, IndiGo, Coal India, and Kotak Mahindra Bank are in focus due to significant developments including new product launches, executive appointments, and strategic investments. Coal India plans…