Morning Alert..
*IT stocks lose ₹85,500 crore in market capitalisation on H-1B fee hike*
Indian IT stocks saw their sharpest decline in nearly six months after the US government announced a steep new fee on H-1B visa applications. The Nifty IT index closed at 25,550, down 2.95 per cent — its steepest fall since April 3. Nine of its 10 constituents ended lower, wiping out a combined ₹85,496 crore in market capitalisation. The biggest losers in the index included Mphasis, which declined 4.7 per cent, LTIMindtree (4.5 per cent), and Coforge (4.5 per cent). Infosys, which slipped 2.6 per cent, and TCS (3 per cent) were the biggest drags on the Sensex. Together with other IT stocks, they contributed to more than half of the index’s decline. The US administration’s proposal imposes a one-time fee of $100,000 on new H-1B applications filed after September 21. Existing H-1B holders and renewals are exempt. Indians accounted for 71 per cent of approved H-1B beneficiaries last year. India’s IT industry, which draws over half of its revenue from the US, has long relied on the programme to expand overseas. However, approvals for fresh H-1B visas for Indian IT firms have already been falling amid rising localisation and near-shoring trends.
*Global market action*
Dow Jones – Up by 0.12% or 55.35 points
FTSE – Up by 0.11% or 10.01 points
CAC – Down by 0.30% or 23.48 points
DAX – Down by 0.48% or 112.36 points
Gift Nifty – Down by 0.09% or 26.00 points
*FII/DII activities*
FII – Sold 2910.09Cr worth of shares
DII – Bought 2582.63Cr worth of shares.
*Major Indian Indices PE*
Nifty 50 – 22.1x
Nifty Bank – 15.1x
*Stocks with high delivery percentage*
Alkem Laboratories Ltd – 88.5%
Godrej Industries Ltd – 80.8%
Ajanta Pharma Ltd – 79.9%
Cera Sanitaryware Ltd – 79.7%
Metropolis Healthcare Ltd – 78.9%
*Primary market activities*
IPOs opening today
Anand Rathi Share & Securities Ltd (Main board) – Issue size 745Cr
Seshaasai Technologies Ltd (Main board) - Issue size 813.07Cr
Jaro Institute of Technology Management & Research Ltd (Main board) - Issue size 450Cr
Ecoline Exim Ltd (NSE SME) - Issue size 76.42Cr
Solarworld Energy Solutions Ltd (Main board) - Issue size 490Cr
NSB BPO Solutions Ltd (BSE SME) - Issue size 77.91Cr
Matrix Geo Solutions Ltd (NSE SME) - Issue size 40.20Cr
True Colors Ltd (BSE SME) - Issue size 127.96Cr
Aptus Pharma Ltd (BSE SME) – Issue size 13.02Cr
BharatRohan Airborne Innovations Ltd (BSE SME) - Issue size 45.04Cr
*Commodities updates*
Gold – Rs 112210/10gm, Silver – Rs 133601/kg, Bcrude – Rs 5521/barrel, Copper – Rs 909.10/kg.
*IT stocks lose ₹85,500 crore in market capitalisation on H-1B fee hike*
Indian IT stocks saw their sharpest decline in nearly six months after the US government announced a steep new fee on H-1B visa applications. The Nifty IT index closed at 25,550, down 2.95 per cent — its steepest fall since April 3. Nine of its 10 constituents ended lower, wiping out a combined ₹85,496 crore in market capitalisation. The biggest losers in the index included Mphasis, which declined 4.7 per cent, LTIMindtree (4.5 per cent), and Coforge (4.5 per cent). Infosys, which slipped 2.6 per cent, and TCS (3 per cent) were the biggest drags on the Sensex. Together with other IT stocks, they contributed to more than half of the index’s decline. The US administration’s proposal imposes a one-time fee of $100,000 on new H-1B applications filed after September 21. Existing H-1B holders and renewals are exempt. Indians accounted for 71 per cent of approved H-1B beneficiaries last year. India’s IT industry, which draws over half of its revenue from the US, has long relied on the programme to expand overseas. However, approvals for fresh H-1B visas for Indian IT firms have already been falling amid rising localisation and near-shoring trends.
*Global market action*
Dow Jones – Up by 0.12% or 55.35 points
FTSE – Up by 0.11% or 10.01 points
CAC – Down by 0.30% or 23.48 points
DAX – Down by 0.48% or 112.36 points
Gift Nifty – Down by 0.09% or 26.00 points
*FII/DII activities*
FII – Sold 2910.09Cr worth of shares
DII – Bought 2582.63Cr worth of shares.
*Major Indian Indices PE*
Nifty 50 – 22.1x
Nifty Bank – 15.1x
*Stocks with high delivery percentage*
Alkem Laboratories Ltd – 88.5%
Godrej Industries Ltd – 80.8%
Ajanta Pharma Ltd – 79.9%
Cera Sanitaryware Ltd – 79.7%
Metropolis Healthcare Ltd – 78.9%
*Primary market activities*
IPOs opening today
Anand Rathi Share & Securities Ltd (Main board) – Issue size 745Cr
Seshaasai Technologies Ltd (Main board) - Issue size 813.07Cr
Jaro Institute of Technology Management & Research Ltd (Main board) - Issue size 450Cr
Ecoline Exim Ltd (NSE SME) - Issue size 76.42Cr
Solarworld Energy Solutions Ltd (Main board) - Issue size 490Cr
NSB BPO Solutions Ltd (BSE SME) - Issue size 77.91Cr
Matrix Geo Solutions Ltd (NSE SME) - Issue size 40.20Cr
True Colors Ltd (BSE SME) - Issue size 127.96Cr
Aptus Pharma Ltd (BSE SME) – Issue size 13.02Cr
BharatRohan Airborne Innovations Ltd (BSE SME) - Issue size 45.04Cr
*Commodities updates*
Gold – Rs 112210/10gm, Silver – Rs 133601/kg, Bcrude – Rs 5521/barrel, Copper – Rs 909.10/kg.
Equity99
Intraday Patel Retail CMP 231 Test Resistance 240 / 245 sl 225
🚀🚀 Patel Retail 🚀🚀
Stock which was discussed yesterday as intraday, showed amazing performance yesterday & today it has again jumped uphigh , making fresh high at 247.45.
🏌♂🏌♂🏌♂🏌♂🚀🚀🚀🚀
Stock which was discussed yesterday as intraday, showed amazing performance yesterday & today it has again jumped uphigh , making fresh high at 247.45.
🏌♂🏌♂🏌♂🏌♂🚀🚀🚀🚀
Special Situation Stock ( High Conviction) SME HERO
Now in 20 % Circuit Filter 🚀🚀🚀
Agarwal tough ( Agarwaltuf) CMP 158 / 160
Test Resistance 185/ 190 in next 10 days View Sl 145 Expected Upper circuit
Now in 20 % Circuit Filter 🚀🚀🚀
Agarwal tough ( Agarwaltuf) CMP 158 / 160
Test Resistance 185/ 190 in next 10 days View Sl 145 Expected Upper circuit
Equity99
Intraday Again Patel Retail CMP 248 Test Resistance 255 / 265 sl 235
Ready To Break 260🚀🚀
Short Term View
Univastu India CMP 246 / 250
Available @ lower Valuation In net Zero Construction
Test Resistance 280 / 300 Sl 225
Coming days View Strong Potential View
Univastu India CMP 246 / 250
Available @ lower Valuation In net Zero Construction
Test Resistance 280 / 300 Sl 225
Coming days View Strong Potential View
50 per cent returns from 52-week low; Board announces...
https://www.dsij.in/dsijarticledetail/50-per-cent-returns-from-52-week-low-board-announces-bonus-share-in-ratio-of-21-id001-52101
https://www.dsij.in/dsijarticledetail/50-per-cent-returns-from-52-week-low-board-announces-bonus-share-in-ratio-of-21-id001-52101
Dalal Street Investment Journal
50 per cent returns from 52-week low; Board announces bonus share in ratio of 2:1
The Board of Directors of Univastu India Ltd has approved an increase in the company's authorised share capital from Rs 20 crore to Rs 50 crore, raising the total number of equity shares from 2...
Equity99
50 per cent returns from 52-week low; Board announces... https://www.dsij.in/dsijarticledetail/50-per-cent-returns-from-52-week-low-board-announces-bonus-share-in-ratio-of-21-id001-52101
Univastu India has built a strong order book with significant recent contract wins. It secured a major ₹244.31 crore work order from the Divisional Sports Complex Committee, Jalgaon, reinforcing its leadership in sports infrastructure. The company’s joint venture, Univastu Bootes Infra LLP, bagged a ₹28.08 crore "Net Zero Project" contract from the Varanasi Development Authority, showcasing its focus on sustainable infrastructure. Additionally, Univastu won a ₹3.17 crore order for civil construction works, demonstrating consistent project inflow. The company also holds contracts for metro station construction, hospitals, and water supply projects from reputed clients including CIDCO and the Sports Authority of Goa. Backed by certifications like ISO 9001, 18001, and 14001, Univastu continues to strengthen its position with a diversified and robust project portfolio across government and private sectors.
Can Be Super Multibagger
Can Be Super Multibagger
Forwarded from Equity99
Bullish CUP & HANDLE formation on daily chart of UNIVASTU INDIA
Look at the daily chart of UNIVASTU INDIA. Stock is forming CUP & HANDLE formation which is highly bullish in its nature & RSI also turns bullish.
Now expect a big rally upto 295 / 312 / 330 in this counter...
Look at the daily chart of UNIVASTU INDIA. Stock is forming CUP & HANDLE formation which is highly bullish in its nature & RSI also turns bullish.
Now expect a big rally upto 295 / 312 / 330 in this counter...
Equity99
Intraday Again Patel Retail CMP 248 Test Resistance 255 / 265 sl 235
Ready To bounce back towards 250
Morning Alert..
*Rupee hits new low on US visa shock; exporters don't expect much relief*
The rupee slid to a fresh low of 88.75 against the dollar on Tuesday, dragged down by the sharp rise in H-1B visa fees that threatens India’s information technology (IT) services margins and remittance inflows. Dealers said the move compounded fragile sentiment, even as the trade outlook remained under sustained pressure from higher US tariffs on Indian goods. The currency had closed at 88.31 per dollar the previous day. Foreign investors offloaded equities worth ₹3,551 crore on Tuesday. Over the past two days, their net selloff amounts to nearly ₹5,523 crore. Exports have already been squeezed by a 50 per cent tariff on shipments to the US, leaving Indian goods overpriced by as much as 30-35 per cent, while Europe’s slowdown has narrowed diversification options. According to exporters, although a weaker rupee would usually aid competitiveness, tariff barriers blunt much of the advantage. “Even if we are gaining a 2-3 per cent (edge) vis-à-vis our competitors, this will not help much,” said Ajay Sahai, director-general and chief executive of the Federation of Indian Export Organisations.
*Global market action*
Dow Jones – Up by 0.15% or 59.24 points
FTSE – Down by 0.04% or 3.36 points
CAC – Up by 0.53% or 41.91 points
DAX – Up by 0.36% or 84.28 points
Gift Nifty – Down by 0.19% or 47.00 points
*FII/DII activities*
FII – Sold 3551.19Cr worth of shares
DII – Bought 2670.87Cr worth of shares.
*Major Indian Indices PE*
Nifty 50 – 22.1x
Nifty Bank – 15.1x
*Stocks with high delivery percentage*
Metro Brands Ltd – 84.5%
Apollo Hospitals Enterprise Ltd – 81.8%
Emami Ltd – 81%
Rainbow Childrens Medicare Ltd – 79%
AIA Engineering Ltd – 78.5%
*Primary market activities*
IPOs opening today
Epack Prefab Technologies Ltd (Main board) – Issue size 504Cr
BMW Ventures Ltd (Main board) - Issue size 231.66Cr
Praruh Technologies Ltd (BSE SME) - Issue size 23.50Cr
Gurunanak Agriculture India Ltd (NSE SME) - Issue size 28.80Cr
Riddhi Display Equipments Ltd (BSE SME) - Issue size 24.68Cr
Jain Resources Recycling Ltd (Main board) - Issue size 1250Cr
Justo Realfintech Ltd (BSE SME) - Issue size 63Cr
Systematic Industries Ltd (BSE SME) – Issue size 115.60Cr
*Commodities updates*
Gold – Rs 113800/10gm, Silver – Rs 135000/kg, Brcrude – Rs 5635/barrel, Copper – Rs 911.10/kg.
*Rupee hits new low on US visa shock; exporters don't expect much relief*
The rupee slid to a fresh low of 88.75 against the dollar on Tuesday, dragged down by the sharp rise in H-1B visa fees that threatens India’s information technology (IT) services margins and remittance inflows. Dealers said the move compounded fragile sentiment, even as the trade outlook remained under sustained pressure from higher US tariffs on Indian goods. The currency had closed at 88.31 per dollar the previous day. Foreign investors offloaded equities worth ₹3,551 crore on Tuesday. Over the past two days, their net selloff amounts to nearly ₹5,523 crore. Exports have already been squeezed by a 50 per cent tariff on shipments to the US, leaving Indian goods overpriced by as much as 30-35 per cent, while Europe’s slowdown has narrowed diversification options. According to exporters, although a weaker rupee would usually aid competitiveness, tariff barriers blunt much of the advantage. “Even if we are gaining a 2-3 per cent (edge) vis-à-vis our competitors, this will not help much,” said Ajay Sahai, director-general and chief executive of the Federation of Indian Export Organisations.
*Global market action*
Dow Jones – Up by 0.15% or 59.24 points
FTSE – Down by 0.04% or 3.36 points
CAC – Up by 0.53% or 41.91 points
DAX – Up by 0.36% or 84.28 points
Gift Nifty – Down by 0.19% or 47.00 points
*FII/DII activities*
FII – Sold 3551.19Cr worth of shares
DII – Bought 2670.87Cr worth of shares.
*Major Indian Indices PE*
Nifty 50 – 22.1x
Nifty Bank – 15.1x
*Stocks with high delivery percentage*
Metro Brands Ltd – 84.5%
Apollo Hospitals Enterprise Ltd – 81.8%
Emami Ltd – 81%
Rainbow Childrens Medicare Ltd – 79%
AIA Engineering Ltd – 78.5%
*Primary market activities*
IPOs opening today
Epack Prefab Technologies Ltd (Main board) – Issue size 504Cr
BMW Ventures Ltd (Main board) - Issue size 231.66Cr
Praruh Technologies Ltd (BSE SME) - Issue size 23.50Cr
Gurunanak Agriculture India Ltd (NSE SME) - Issue size 28.80Cr
Riddhi Display Equipments Ltd (BSE SME) - Issue size 24.68Cr
Jain Resources Recycling Ltd (Main board) - Issue size 1250Cr
Justo Realfintech Ltd (BSE SME) - Issue size 63Cr
Systematic Industries Ltd (BSE SME) – Issue size 115.60Cr
*Commodities updates*
Gold – Rs 113800/10gm, Silver – Rs 135000/kg, Brcrude – Rs 5635/barrel, Copper – Rs 911.10/kg.
Morning Alert..
*Govt aims to expand trade in energy products with US: Piyush Goyal*
India has assured the United States that Washington remains a key partner in New Delhi’s energy security strategy, though it made no mention of its heavy oil imports from Russia. Commerce and Industry Minister Piyush Goyal said the government aims to expand trade in energy products with the US over the coming years. Speaking in New York, he said: “The world recognises that this (energy security) is one area where we all have to work together. We are big importers of energy from across the world, including from the US. We expect to increase our trade to the US in energy products in the years to come.” “Our energy security goals will have a very high element of US involvement, which will ensure high stability,” he added. Diversified sources of energy, he argued, would not only strengthen India’s security but also unlock “limitless possibilities” with Washington in sectors beyond energy. Goyal was delivering a keynote address at an event hosted by the Consulate General of India in New York, the US-India Strategic Partnership Forum (USISPF), and ReNew. His remarks come in the wake of the Donald Trump administration’s decision last month to impose a relatively high 50 per cent tariff on most Indian goods, including a 25 per cent punitive levy linked to India’s purchase of Russian oil.
*Global market action*
Dow Jones – Up by 0.22% or 102.85 points
FTSE – Up by 0.29% or 27.11 points
CAC – Down by 0.57% or 44.57 points
DAX – Up by 0.23% or 55.48 points
Gift Nifty – Down by 0.20% or 52.00 points
*FII/DII activities*
FII – Sold 2425.75Cr worth of shares
DII – Bought 1211.68Cr worth of shares.
*Major Indian Indices PE*
Nifty 50 – 22x
Nifty Bank – 15x
*Stocks with high delivery percentage*
Ingersoll Rand India Ltd – 92.6%
Aether Industries Ltd – 85.8%
Metro Brands Ltd – 81.9%
Home First Finance Company India Ltd – 80.9%
Saregama India Ltd – 80.2%
*Primary market activities*
IPOs opening today
Bhavik Enterprises Ltd (BSE SME) – Issue size 77Cr
Chatterbox Technologies Ltd (BSE SME) - Issue size 42.86Cr
Trualt Bioenergy Ltd (Main board) – Issue size 839.28Cr
Gujarat Penuts & Agri Products Ltd (BSE SME) – Issue size 23.81Cr
Jinkushal Industries Ltd (Main board) - Issue size 116.15Cr
Earkart Ltd (BSE SME) - Issue size 49.26Cr
Telge Projects Ltd (BSE SME) – Issue size 27.24Cr
*Commodities updates*
Gold – Rs 112550/10g, Silver – Rs 133950/kg, Brcrude – Rs 5773/barrel, Copper – Rs 936.80/kg.
*Govt aims to expand trade in energy products with US: Piyush Goyal*
India has assured the United States that Washington remains a key partner in New Delhi’s energy security strategy, though it made no mention of its heavy oil imports from Russia. Commerce and Industry Minister Piyush Goyal said the government aims to expand trade in energy products with the US over the coming years. Speaking in New York, he said: “The world recognises that this (energy security) is one area where we all have to work together. We are big importers of energy from across the world, including from the US. We expect to increase our trade to the US in energy products in the years to come.” “Our energy security goals will have a very high element of US involvement, which will ensure high stability,” he added. Diversified sources of energy, he argued, would not only strengthen India’s security but also unlock “limitless possibilities” with Washington in sectors beyond energy. Goyal was delivering a keynote address at an event hosted by the Consulate General of India in New York, the US-India Strategic Partnership Forum (USISPF), and ReNew. His remarks come in the wake of the Donald Trump administration’s decision last month to impose a relatively high 50 per cent tariff on most Indian goods, including a 25 per cent punitive levy linked to India’s purchase of Russian oil.
*Global market action*
Dow Jones – Up by 0.22% or 102.85 points
FTSE – Up by 0.29% or 27.11 points
CAC – Down by 0.57% or 44.57 points
DAX – Up by 0.23% or 55.48 points
Gift Nifty – Down by 0.20% or 52.00 points
*FII/DII activities*
FII – Sold 2425.75Cr worth of shares
DII – Bought 1211.68Cr worth of shares.
*Major Indian Indices PE*
Nifty 50 – 22x
Nifty Bank – 15x
*Stocks with high delivery percentage*
Ingersoll Rand India Ltd – 92.6%
Aether Industries Ltd – 85.8%
Metro Brands Ltd – 81.9%
Home First Finance Company India Ltd – 80.9%
Saregama India Ltd – 80.2%
*Primary market activities*
IPOs opening today
Bhavik Enterprises Ltd (BSE SME) – Issue size 77Cr
Chatterbox Technologies Ltd (BSE SME) - Issue size 42.86Cr
Trualt Bioenergy Ltd (Main board) – Issue size 839.28Cr
Gujarat Penuts & Agri Products Ltd (BSE SME) – Issue size 23.81Cr
Jinkushal Industries Ltd (Main board) - Issue size 116.15Cr
Earkart Ltd (BSE SME) - Issue size 49.26Cr
Telge Projects Ltd (BSE SME) – Issue size 27.24Cr
*Commodities updates*
Gold – Rs 112550/10g, Silver – Rs 133950/kg, Brcrude – Rs 5773/barrel, Copper – Rs 936.80/kg.
Morning Alert..
*India, US make 'progress' for joint trade-oil deal as talks move forward*
India and the US are negotiating a comprehensive resolution that addresses both the pending issues in their trade deal and Washington’s concerns over New Delhi’s continued purchase of Russian oil. “We want to address it comprehensively rather than piece by piece. There has to be some sort of agreement at the higher levels to President Donald Trump’s satisfaction that we have a way forward to ultimately reduce and eliminate India’s Russian oil purchases. The oil issue is the thorniest. When that’s resolved, the others won’t be too tough to negotiate,” said a US official who did not wish to be named. An Indian delegation led by Commerce Minister Piyush Goyal held talks with US Trade Representative Jamieson Greer in New York earlier this week. External Affairs Minister S Jaishankar, who is in the US to participate in the United Nations General Assembly, also held discussions with his counterpart Marco Rubio. An Indian official said that while Goyal was still in the US, India’s chief negotiator Rajesh Agrawal returned to New Delhi on Wednesday night, adding that the bilateral talks were positive. The US official said: “All those talks went well. Everybody was happy for making progress, for better understanding of where we are and what we need to do. That’s encouraging. We should be cautiously optimistic. Our leadership is talking and they see a way forward.”
*Global market action*
Dow Jones – Up by 0.07% or 31.85 points
FTSE – Down by 0.40% or 36.45 points
CAC – Down by 0.41% or 32.03 points
DAX – Down by 0.56% or 131.98 points
Gift Nifty – Down by 0.11% or 27.50 points
*FII/DII activities*
FII – Sold 4995.42Cr worth of shares
DII – Bought 5103.01Cr worth of shares.
*Major Indian Indices PE*
Nifty 50 – 21.9x
Nifty Bank – 15x
*Stocks with high delivery percentage*
Metro brands ltd - 96%
Metropolis healthcare ltd - 86.4%
Aia engineering ltd - 85.1%
Honasa consumer ltd - 84.5%
Saregama india ltd - 83.7%
*Primary market activities*
IPOs opening today
KVS Castings ltd (BSE SME) - Issue size 27.83Cr
Rukmani devi garg agro impex ltd (BSE SME) - Issue size 23.52Cr
Mpk steels I ltd (BSE SME) - Issue size 25.74Cr
Ameenji Rubber ltd (BSE SME) - Issue size 30Cr
Pace digitek ltd (Main board) - Issue size 819.15Cr
Manas polymers & engineers ltd (NSE SME) - Issue size 23.52Cr
DSM Fresh foods ltd (NSE SME) - Issue size59.65Cr
Listing today
GK energies ltd (Main board) - Subscribed 93.58x
Saatvik green energies ltd (Main board) - Subscribed 6.93x
Siddhi cotspin ltd (NSE SME) - Subscribed 4.21x
*Commodities updates*
Gold - Rs 112650/10gm, Silver - Rs 137025/kg, Brcrude - Rs 5769/barrel, Copper - Rs 937.15/kg.
*India, US make 'progress' for joint trade-oil deal as talks move forward*
India and the US are negotiating a comprehensive resolution that addresses both the pending issues in their trade deal and Washington’s concerns over New Delhi’s continued purchase of Russian oil. “We want to address it comprehensively rather than piece by piece. There has to be some sort of agreement at the higher levels to President Donald Trump’s satisfaction that we have a way forward to ultimately reduce and eliminate India’s Russian oil purchases. The oil issue is the thorniest. When that’s resolved, the others won’t be too tough to negotiate,” said a US official who did not wish to be named. An Indian delegation led by Commerce Minister Piyush Goyal held talks with US Trade Representative Jamieson Greer in New York earlier this week. External Affairs Minister S Jaishankar, who is in the US to participate in the United Nations General Assembly, also held discussions with his counterpart Marco Rubio. An Indian official said that while Goyal was still in the US, India’s chief negotiator Rajesh Agrawal returned to New Delhi on Wednesday night, adding that the bilateral talks were positive. The US official said: “All those talks went well. Everybody was happy for making progress, for better understanding of where we are and what we need to do. That’s encouraging. We should be cautiously optimistic. Our leadership is talking and they see a way forward.”
*Global market action*
Dow Jones – Up by 0.07% or 31.85 points
FTSE – Down by 0.40% or 36.45 points
CAC – Down by 0.41% or 32.03 points
DAX – Down by 0.56% or 131.98 points
Gift Nifty – Down by 0.11% or 27.50 points
*FII/DII activities*
FII – Sold 4995.42Cr worth of shares
DII – Bought 5103.01Cr worth of shares.
*Major Indian Indices PE*
Nifty 50 – 21.9x
Nifty Bank – 15x
*Stocks with high delivery percentage*
Metro brands ltd - 96%
Metropolis healthcare ltd - 86.4%
Aia engineering ltd - 85.1%
Honasa consumer ltd - 84.5%
Saregama india ltd - 83.7%
*Primary market activities*
IPOs opening today
KVS Castings ltd (BSE SME) - Issue size 27.83Cr
Rukmani devi garg agro impex ltd (BSE SME) - Issue size 23.52Cr
Mpk steels I ltd (BSE SME) - Issue size 25.74Cr
Ameenji Rubber ltd (BSE SME) - Issue size 30Cr
Pace digitek ltd (Main board) - Issue size 819.15Cr
Manas polymers & engineers ltd (NSE SME) - Issue size 23.52Cr
DSM Fresh foods ltd (NSE SME) - Issue size59.65Cr
Listing today
GK energies ltd (Main board) - Subscribed 93.58x
Saatvik green energies ltd (Main board) - Subscribed 6.93x
Siddhi cotspin ltd (NSE SME) - Subscribed 4.21x
*Commodities updates*
Gold - Rs 112650/10gm, Silver - Rs 137025/kg, Brcrude - Rs 5769/barrel, Copper - Rs 937.15/kg.
Equity99
Intraday Patel Retail CMP 231 Test Resistance 240 / 245 sl 225
Average from lower levels
Morning Alert..
*India-EFTA agreement set to be launched on October 1 after long wait*
The government is holding a mega event to launch the trade agreement between India and the four-member European Free Trade Association (EFTA) nations, which will come into force from October 1 after a one-and-half-year wait. The event will be held at Bharat Mandapam in New Delhi. Commerce and Industry Minister Piyush Goyal, key ministers from the EFTA nations, key government officials as well as several industry participants are expected to attend the programme, government officials said. “The idea also is to ensure that industry stakeholders are aware of the deal and well-positioned to take full advantage of it,” a government official told Business Standard. The EFTA bloc comprises four nations — Iceland, Switzerland, Norway, Liechtenstein. The trade, also known as Trade and Economic Partnership Agreement (TEPA), is a significant step for India to deepen economic integration with an important economic bloc in Europe. This is also India’s first trade agreement that will come into effect with any European nation or bloc. Under the deal, India has promised to reduce tariffs to zero on 80-85 per cent goods from EFTA countries, while receiving duty-free market access on 99 per cent goods. Both sides have excluded most of the agri and dairy products from duty concession to protect farmers.
*Global market action*
Dow Jones – Up by 0.25% or 116.64 points
FTSE – Up by 0.76% or 70.85 points
CAC – Up by 0.96% or 75.26 points
DAX – Up by 0.86% or 204.64 points
Gift Nifty – Up by 0.40% or 100.00 points
*FII/DII activities*
FII – Sold 5687.58Cr worth of shares
DII – Bought 5843.21Cr worth of shares.
*Major Indian Indices PE*
Nifty 50 – 21.7x
Nifty Bank – 14.8x
*Stocks with high delivery percentage*
AIA Engineering Ltd – 94.7%
Titan Company Ltd – 91.5%
Nuvoco Vostas Corporation Ltd – 88.2%
Akzo Nobel India Ltd – 81%
Balrampur Chini Mills Ltd – 78.9%
*Primary market activities*
IPOs opening today
Chiraharit Ltd (BSE SME) – Issue size 31.07Cr
Om Freight Forwarders Ltd (Main board) - Issue size 122.31Cr
Glottis Ltd (Main board) - Issue size 307Cr
Sodhani Capital Ltd (BSE SME) – Issue size 10.71Cr
Vijaypd Ceutical Ltd (NSE SME) – Issue size 19.25Cr
Om Metallogic Ltd (BSE SME) – Issue size 22.35Cr
Suba Hotels Ltd (NSE SME) – Issue size 75.47Cr
Dhillon Freight Carrier Ltd (BSE SME) – Issue size 10.08Cr
Fabtech Technologies Ltd (Main board) – Issue size 230.35Cr
Listing today
Atlanta Electricals Ltd (Main board) – Subscribed 72.16x
Ganesh Consumer Products Ltd (Main board) – Subscribed 2.68x
Prime Cable Industries Ltd (NSE SME) – Subscribed 8.28x
*Commodities Updates*
Gold – Rs 113766/10gm, Silver – Rs 142147/kg, Brcrude – Rs 5829/barrel, Copper – Rs 935.20/kg.
*India-EFTA agreement set to be launched on October 1 after long wait*
The government is holding a mega event to launch the trade agreement between India and the four-member European Free Trade Association (EFTA) nations, which will come into force from October 1 after a one-and-half-year wait. The event will be held at Bharat Mandapam in New Delhi. Commerce and Industry Minister Piyush Goyal, key ministers from the EFTA nations, key government officials as well as several industry participants are expected to attend the programme, government officials said. “The idea also is to ensure that industry stakeholders are aware of the deal and well-positioned to take full advantage of it,” a government official told Business Standard. The EFTA bloc comprises four nations — Iceland, Switzerland, Norway, Liechtenstein. The trade, also known as Trade and Economic Partnership Agreement (TEPA), is a significant step for India to deepen economic integration with an important economic bloc in Europe. This is also India’s first trade agreement that will come into effect with any European nation or bloc. Under the deal, India has promised to reduce tariffs to zero on 80-85 per cent goods from EFTA countries, while receiving duty-free market access on 99 per cent goods. Both sides have excluded most of the agri and dairy products from duty concession to protect farmers.
*Global market action*
Dow Jones – Up by 0.25% or 116.64 points
FTSE – Up by 0.76% or 70.85 points
CAC – Up by 0.96% or 75.26 points
DAX – Up by 0.86% or 204.64 points
Gift Nifty – Up by 0.40% or 100.00 points
*FII/DII activities*
FII – Sold 5687.58Cr worth of shares
DII – Bought 5843.21Cr worth of shares.
*Major Indian Indices PE*
Nifty 50 – 21.7x
Nifty Bank – 14.8x
*Stocks with high delivery percentage*
AIA Engineering Ltd – 94.7%
Titan Company Ltd – 91.5%
Nuvoco Vostas Corporation Ltd – 88.2%
Akzo Nobel India Ltd – 81%
Balrampur Chini Mills Ltd – 78.9%
*Primary market activities*
IPOs opening today
Chiraharit Ltd (BSE SME) – Issue size 31.07Cr
Om Freight Forwarders Ltd (Main board) - Issue size 122.31Cr
Glottis Ltd (Main board) - Issue size 307Cr
Sodhani Capital Ltd (BSE SME) – Issue size 10.71Cr
Vijaypd Ceutical Ltd (NSE SME) – Issue size 19.25Cr
Om Metallogic Ltd (BSE SME) – Issue size 22.35Cr
Suba Hotels Ltd (NSE SME) – Issue size 75.47Cr
Dhillon Freight Carrier Ltd (BSE SME) – Issue size 10.08Cr
Fabtech Technologies Ltd (Main board) – Issue size 230.35Cr
Listing today
Atlanta Electricals Ltd (Main board) – Subscribed 72.16x
Ganesh Consumer Products Ltd (Main board) – Subscribed 2.68x
Prime Cable Industries Ltd (NSE SME) – Subscribed 8.28x
*Commodities Updates*
Gold – Rs 113766/10gm, Silver – Rs 142147/kg, Brcrude – Rs 5829/barrel, Copper – Rs 935.20/kg.
Equity99
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This chemical company has shown fantastic performance & growth, discussed in August Month as special chemical stock with High Conviction at 122 - 123 levels.
The stock has shown Immense growth performance and has truly delivered the action required.
Today it has reached 241 levels making a fresh 52week High.
From 123 to 241, a true 95% returns in less than 2 months time frame.
A true champion story 👏
More strength and performance today be seen.🚀🚀🚀🚀
#success@equity99 #Equity99 #StockSuccess #investindia #Equity99research #wealthcreation