Popular Vehicles and Services Ltd. (Subscribe)
Highlights Issue Size –: 20,391,651 sharesIssue Open/Close – 12 Mar / 14 Mar, 2024Price Band (Rs.) 280 – 295Issue Size (Rs.) – 6,015 mnFace Value (Rs) 2Lot Size (shares) 50 Popular Vehicles and Services Limited (PVSL) incorporated in 1983, is diversified automobile dealership in India in terms of sales as of FY23, they cater to the complete life cycle of vehicle...
Market Morning Notes For 12th March 2024
Markets traded lower yesterday with market breadth remaining weak throughout the trading session. For a trading perspective, a decline in India VIX could be a important trigger for a sharp upswing in Nifty towards a target of 23,500. In the past few days, Nifty Futures has seen a smart cementing of its positions above 22,200 and is likely to trigger next leg of short covering in the coming...
Market Morning Notes For 11th March 2024
Markets during the week remained largely rangebound but managed to post positive closing for fourth consecutive week with Tata Group shares remaining under limelight while India VIX saw a sharp slide below the 14 mark on back of aggressive put writing in the system. For a trading perspective, a decline in India VIX could be a important trigger for a sharp upswing in Nifty towards a target of...
Market Morning Notes For 7th March 2024
Markets witnessed sharp swings on Wednesday with Nifty trading lower in first half of session while rebounding in later half and closed with decent gains. Nifty Futures has seen closing above 22,600 which is likely to trigger major short covering in the coming days with potential target of 23,500. The Nifty Bank too witnessed major gains on the back of India’s inclusion in Bloomberg EM bond...
Gopal Snacks Limited IPO (Avoid)
Highlights Issue Size –: 16,209,476 sharesIssue Open/Close – 06 Mar / 11 Mar, 2024 Price Band (Rs.) 381 – 401 Issue Size (Rs.) – 6,500 mnFace Value (Rs) 1Lot Size (shares) 37 Gopal Snacks Limited (GSL) incorporated in 2009, is a FMCG company in India that offers ethnic snacks, western snacks, and other products in ten States and two Union Territories as of...
Market Morning Notes For 6th March 2024
Market extended the consolidation phase for the second straight day yesterday as indices oscillated in a narrow range before ending with modest losses. A sharp decline in India VIX below 14.5 indicates market could be poised for a major upswing towards 23,500 in the coming days. In other news, Indian government bonds will be included in Bloomberg EM Local Currency Government Index and...
Market Morning Notes For 5th March 2024
Markets ended with marginal gains with Nifty futures consolidated above the breakout levels of 22300 while India VIX settled around 15. The surge in Gold and Bitcoin in the past few days clearly shows ample liquidity in global markets and we expect Nifty future to rally towards 23,500 in the coming days. Nifty Futures Chart Stocks to watch Positive Read through BEL, BEML,...
Market Morning Notes For 4th March 2024
Markets for the week ended with gains of less than a percent but was able to penetrate the resistance of 22,300 after an intense battle, thus paving the way for a meaningful upside in the near term. The breakout in Nifty futures has clearly been established and we expect an immediate upside target of 23,400 to be achieved in the next 10-15 trading session. Meanwhile, a rebound in Bank Nifty...
Market Morning Notes For 1st March 2024
Markets witnessed trading in a narrow band on expiry day with Nifty extending monthly gains by 1% while financials turned laggard. The narrow trading band in the past few weeks may convert into a larger upside once Nifty futures cross above 22,280 with a potential target of 23,400 in the near term. The recent movement in Bitcoin is back above USD 60,000 which hints global markets are flushed...