Current GMP: ₹50 (as of July 11th, 2024, 5:25 PM) Price Band: ₹123 – ₹130 Estimated Listing Price (based on GMP): ₹180 (price band cap + GMP) Expected Gain (based on GMP): 38.46% Important Points to Consider: Grey Market Premium (GMP) is Unofficial: The GMP is an unofficial indicator of […]

Revenue Growth: While the profit growth is healthy, the revenue growth of 5.4% is slightly lower than the projected 4.8-5% range by analysts . Margin Pressure: As expected, the wage hikes impacted margins, aligning with analyst predictions of a contraction . Workforce Expansion: Adding over 5,400 employees suggests TCS is […]

Analyst Predictions: Investment bank Jefferies estimate Jio’s valuation at a staggering $133 billion (around Rs 11.11 lakh crore). Potential for Largest IPO: This valuation could propel Jio’s IPO to become the biggest in Indian history, surpassing the record held by Life Insurance Corporation (LIC). There are a few factors contributing […]

Vedanta aims to create six independent, listed companies, each focusing on a specific sector: Vedanta Aluminium, Vedanta Oil and Gas, Vedanta Power, Vedanta Steel and Ferrous Materials, Vedanta Base Metals, and a residual Vedanta Limited. The demerger process has received approvals from a majority of creditors and is currently awaiting […]

IPO Details: The IPO is closed now (July 9th, 2024) and expected to list on July 12th on the NSE SME platform. IPO Type: SME IPO Issue Size: ₹125.23 Crore Issue Period: July 5th, 2024 – July 9th, 2024 (Closed) Allotment Expected: Today, July 10th, 2024 (tentative) Listing Expected: July […]

Company Background: Established in 1985, specializing in stainless steel wire. Operates in 3 sectors: high carbon steel, low carbon steel, and stainless steel wire. Diverse product range with over 3,000 steel wire products. Wide customer base of over 5,000 clients. IPO Details: Listed at ₹356 on NSE, a 39% premium […]

Show drafts Ola Electric has a strong chance of becoming a dominant player in the electric two-wheeler (e2W) market in India, similar to Maruti Suzuki’s position in petrol vehicles. Market Leadership: Ola Electric currently leads the e2W market share in India with almost half the sales in Q1 FY 2024-25. […]

Opening: Sensex and Nifty opened positively despite expectations of volatility. Sensex :Up 169.52 points to 80,129.90 Nifty    : Up 43.25 points to 24,363.80 Market Analysis: Focus shifting towards upcoming earnings reports from Indian companies. Analysts predict a flat to slightly positive earnings growth for Q1 FY25. Key sectors like […]