Stocks to Watch, 23 December: Stocks like IRCTC, HCL Technologies, Antony Waste Handling Cell, GPT Infraprojects, Saatvik Green Energy, Sanghvi Movers, Prestige Estates Projects, Canara Bank, Ola Electric Mobility, Vikran Engineering, Ambuja Cements, ACC, Orient Cement, and KSH International will be in focus on December 23.
If the Nifty 50 reclaims and sustains above 26,200, a move toward the record high of 26,326 cannot be ruled out in the upcoming sessions. The immediate and crucial support is placed at the 26,000 zone, according to experts.
Billionaire Azim Premji's PE firm, through its arm Prazim Trading and Investment Company Pvt Ltd, purchased a total of 5.06 crore units
Shyam Dhani Industries approached capital markets to raise Rs 38 crore via IPO of 54.98 lakh shares at the upper end of price band of Rs 65-70 per share.
For the year so far, FIIs have been net sellers of shares worth Rs 2.77 lakh crore, while DIIs have net bought shares worth Rs 7.61 lakh crore.
Akums Drugs stock rallied 3.73 percent to Rs 443.15 on Monday, extending upward journey for third consecutive session and trading above the upper Bollinger bands.
The Mumbai Bench of NCLT recently approved the OTS scheme between NSEL and NIF.
Nearly half of the equity PMS strategies tracked outperformed the BSE 500 in November.
With the revised offer size, the KSH International IPO comprises a fresh issue of shares worth Rs 420 crore and an offer-for-sale of Rs 224.4 crore by promoters, priced at the upper end of the price band of Rs 365–384 per share.
The promoter entity said the restructuring is aimed at rationalising and simplifying the existing group structure by reducing the number of legal entities and jurisdictions.
About 10 small and medium enterprise (SME) public issues are open or scheduled to open for subscription in the primary market this week.
Weekly options data suggested immediate resistance for the Nifty 50 at the 26,200–26,300 zone, with support seen in the 26,100–26,000 range.
The Pune-based firm’s Rs 710 crore IPO was priced in the range of Rs 365 to Rs 384 per share.
GE Vernova T&D India share price: The company is well placed to benefit from the current energy transition drive due to its strong product portfolio and localisation, said Emkay Global.
Biggest Nifty gainers were Shriram Finance, Trent, Wipro, Infosys, Bharti Airtel, while losers included SBI, HDFC Life, Cipla, Tata Consumer, Kotak Mahindra Bank.
'We have been advising clients to diversify their portfolios by investing abroad for the last few years. This becomes increasingly relevant in the current scenario of Indian rupee devaluation,' Kapoor tells Moneycontrol
The stock opened at Rs 166.50, up 2.39 percent from its previous close, and climbed to an intraday high of Rs 172.50, marking a gain of 7.23 percent.
Ola Electric share price: Despite the recent rebound, analysts advise investors to exercise caution, citing multiple factors.
Sensex surges over 500 points, Nifty above 26,100. Nifty extends its winning streak to the second day. IT and metal counters see strong buying interest. Consumer durable stocks cool off from their highs. India VIX rises 2% but remains at record lows. Broader markets outperform benchmark indices. Midcap and smallcap indices shine for the third straight day. Nifty 50 gainers include Shriram Finance, Trent and Infosys. Nifty 50 losers are SBI Life, SBI and HDFC Life.
The exchange is also working on a revamp of the BANKEX index to enhance participation and liquidity, a report said
Meesho share price: The shares of the company had jumped up to 65% during a four-session gaining streak from December 15-18, before losing steam.
Shares of the company opened gap-up with a gain of 2.95 percent and touched an intraday high of Rs 764.80, up 7.57 percent.
Post-market hours on December 19, Kajaria Ceramics said Dilip Kumar Maliwal, chief financial officer of its wholly-owned subsidiary Kajaria Bathware, was found to have committed a fraud of Rs 20 crore over the past two years
This comes days after Uday Kotak asked whether Shriram Finance will soon apply to become a bank after the 20% stake acquisition by MUFG Bank for Rs 39,600 crore.
Tuhin Kanta Pandey said SEBI is engaging with the RBI and the IRDAI to enable the participation of banks and insurance companies in the commodity derivatives market