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Plastene India, a manufacturer of jumbo bags and BoPP woven sacks, launched its initial public offer of 92,55,290 equity shares of face value of Rs 10 each for subscription today. It has fixed a price band at Rs 81-84 a share.
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Ashwin Mehta, IT analyst at Nomura India is neutral on Tata Consultancy Services and Infosys,
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The Nifty closed at sub 5000 levels yesterday, so a Nifty trade should approach it to sell it, Sudarshan Sukhani of s2analytics.com told CNBC-TV18. He doesn't see Nifty finding support even at 5,000 levels. "It just needs a small push for it to reach 4,800 and that could be very fast," he cau
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Sudarshan Sukhani of S2analytics.com sees Nifty moving in a 200 points range in the near term. In an interview to CNBC-TV18, Sukhani said that the upper range for the Nifty would be 5,200 while the lower range would be 5,000.
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N Jayakumar, president of Prime Securities says participation levels in the market are very low at the moment. According to Jayakumar, the GAAR clarification and crude oil prices cooling off will support markets in the near-term. He foresees a sharp correction in crude oil prices.
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Ajay Bodke, head - investment strategy advisory, Prabhudas Lilladher told CNBC-TV 18 that announcement made on the general anti-avoidance rules (GAAR) will be taken very positively by domestic and foreign investors.
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The Indian market has been trading weak for sometime now. Today, the Nifty has broken the 5,000 mark. The picture is very negative for the market, says Jai Bala, chief market technician of cashthechaos.com.
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According to Ajay Srivastava, chief executive officer, Dimensions Consulting one would be scared to take a buy call on the market today.
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Given the highly uncertain backdrop, Nandan Chakraborty of Enam recommends sticking to defensive sector stocks that have low downside and offer at least a 10% upside
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The Nifty held on to the 5250-mark for the better part of Wednesday and closed at 5239.15 levels. In an interview to CNBC-TV18 Sudarshan Sukhani of S2analytics.com said, the trend for the market for the month of May is on the downside.
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Anchor Investors (AIs) portion in the Public Issue of Samvardhana Motherson Finance Limited; 1,93,06,900 equity shares have been subscribed today by 8 AIs at Rs 115/- per equity share. (Source BSE)
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Samvardhana Motherson Finance: Complex web of holdings tax haven routes raise serious doubts!
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Saurabh Mukherjea, head of equities, Ambit Capital believes that the fate of Indian markets will be decided by three factors going ahead.
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Samvardhana Motherson Finance (SMFL), components supplier to automotive industry, is launching its initial public offer today. The issue consists of a fresh issue of Rs 1,413 crore and an offer for sale of Rs 337.5 crore by Radha Rani Holdings Pte
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In an interview to CNBC-TV18, Vaibhav Agrawal, banking analyst, Angel Broking and Sampath Kumar, banking analyst, Institutional Equities, IIFL speak about the bexking sector and give their outlook going forward.
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