Stocks to watch, 26 September: Stocks like RITES, Ceigall India, Nuvoco Vistas Corporation, Bharat Heavy Electricals, Amber Enterprises India, Ventive Hospitality, Polycab India, GRM Overseas, Awfis Space Solutions, Saatvik Green Energy, and GK Energy will be in focus on September 26.
If the Nifty 50 sustains below 24,900, a sell-on-rally strategy can be preferred. Below this level, the 24,800–24,700 zone is an immediate support area; however, on the higher side, the 25,000–25,100 range can act as a hurdle zone, experts said.
The bearish sentiment may sustain in the short term, given the weakening momentum. Below are some short-term trading ideas to consider.
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This values the company around $9 billion, the people said, significantly below the $15 billion it was expecting in December when the papers were filed the first time
As long as the Nifty 50 remains below this level, bears may continue to hold the upper hand and drag the index toward the 24,600–24,500 zone. However, in the event of a rebound, the 25,000–25,100 range is expected to act as an immediate hurdle, according to experts.
DIIs bought Rs 15,516 crore while having offloaded Rs 10,413 crore of equities. Meanwhile, FIIs bought Rs 15,080 crore and sold Rs 20,075 crore.
Following a series of record highs, the S&P 500 headed toward its longest slide in a month
Polycab India shares fell 1.66 percent to Rs 7,407.5 on Thursday, extending losses for third consecutive session especially after hitting record high on Monday this week.
Pace Digitek IPO | The initial share sale will open for public subscription on September 26, and close on September 30.
CEO Julie Sweet said every time there’s a big policy change, unfolded over decades, it has usually driven more business for the company.
Fabtech Technologies IPO | The company's IPO is entirely a fresh issue of up to 1.2 crore equity shares worth Rs 230 crore at the upper end of the price band.
RKCPL IPO | The company plans to mobilise Rs 700 crore via fresh shares, while promoters Naresh Kumar, and Krishan Kumar Goyal will be selling their Rs 550-crore worth shares via offer-for-sale.
Since it began separately disclosing Gen AI numbers in FY24, the company has accumulated more than $7 billion in bookings from the nascent technology.
The Nifty 50 fell below the midline of the Bollinger Bands on both the daily and weekly charts, although it marginally managed to defend the 10-week EMA on a closing basis.
HD Fire Protect IPO | The public issue comprises of entirely offer-for-sale of 2.6 crore equity shares by promoters with no fresh issue component.
Jain Resource Recycling IPO allotment is expected by September 29, while the share listing is scheduled on October 1.
Jefferies had set a Nifty 50 target of 26,600 for the end of calendar year 2025
Tata Motors, Trent, Shriram Finance, TCS, Power Grid were among major losers on the Nifty, while gainers were Bharat Electronics, Hindalco, Axis Bank, ONGC, Hero MotoCorp.
This is the right time for investors to continue accumulating high quality stocks, according to experts, as foreign institutional investors are likely to return.
IT stocks: TCS shares were the top loser on the Nifty IT index, hitting a fresh 52-week low of Rs Rs 2,956.90 apiece.
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Seshaasai Tech IPO share allotment is expected by September 26, while the listing is scheduled on September 30.
Hindustan Zinc share price: Silver and gold have seen significant rally amid geopolitical uncertainties and macroeconomic factors this year.
Citi reiterated its 'buy' call on the stock with a price target of Rs 300 per share, which implies an upside of up to 9%