Month: May 2024

Jefferies\’ Mahesh Nandurkar sees near-term potential in FMCG, IT, pharma due to under-ownership. Longer-term outlook remains positive on capex, infrastructure and real estate sectors. Retail and foreign investor sentiments sway markets amid election impact. Nandurkar says \”for the broader emerging market flows to improve, we need to get some visibility on the rate cut cycle from the US Fed. That continues to get pushed out.\”

Taking profits off the table and reducing exposure in markets is crucial to manage risk and secure gains. Monitoring key data points reveals underlying weakness, emphasizing the importance of balancing risk and reward in current market conditions.

SBI and Godrej Consumer are top buys post Q4 results, led by BFSI and Auto sectors. Nifty stocks show growth, while Tier-1 IT companies face challenges. Business and credit growth outlook positive for SBI.

Top five discount brokers expanded their lead over traditional ones in active clients on NSE, reaching 63.9% share in the previous month, up from 60.1% in April 2023. NSE\’s active clients rose by 2.6% sequentially to 4.18 crore in April, as per Motilal Oswal.

Winsol Engineers, based in Jamnagar, achieved the highest premium on listing this year, aligning with expectations. Its stock debuted with an impressive premium of nearly 387% over the issue price on Tuesday, marking one of the strongest listings in recent memory.

Winsol Engineers, based in Jamnagar, achieved the highest premium on listing this year, aligning with expectations. Its stock debuted with an impressive premium of nearly 387% over the issue price on Tuesday, marking one of the strongest listings in recent memory.

Winsol Engineers, based in Jamnagar, achieved the highest premium on listing this year, aligning with expectations. Its stock debuted with an impressive premium of nearly 387% over the issue price on Tuesday, marking one of the strongest listings in recent memory.

Winsol Engineers, based in Jamnagar, achieved the highest premium on listing this year, aligning with expectations. Its stock debuted with an impressive premium of nearly 387% over the issue price on Tuesday, marking one of the strongest listings in recent memory.

Saurabh Mukherjea-run Marcellus\’ smallcap fund Little Champs bounced back and earned a return of more than 10%, while Sunil Singhania\’s Abakkus-run Emerging Opportunities fund reported a 9.57% gain and Samir Arora\’s Helios India Rising fund saw a 5.51% gain.

Mandeep Auto Industries IPO GMP: Mandeep Auto Industries\’ SME IPO, aiming to raise Rs 25.5 crore, will be open for subscription until May 15 on NSE SME platform at Rs 67 apiece, with net profit Rs 2.14 crore and 50% reserved for retail investors.

Veritaas Advertising IPO GMP: Veritaas Advertising SME IPO opens to raise Rs 8.5 crore, offering shares at Rs 109-114. Proceeds to fund capital expenditure, lead managed by Horizon Management.

Indian Emulsifier IPO GMP: Indian Emulsifier\’s SME IPO, aiming to raise Rs 42.39 crore, offers shares at Rs 125-132 each. The company\’s revenue for Dec 2023 was Rs 48.7 crore with a net profit of Rs 6.75 crore.