Author: Chahat Shrivastava

The IPO of Suraksha Diagnostic is scheduled to be launched on November 29, 2024, with a price band of ₹420 – ₹441 per share. Suraksha Diagnostics has a strong operational network and has its specialization in delivering pathology, radiology, and medical consulting services. Here is a summary of facts about the IPO and the company. IPO Details Operational & Performance Highlights The company has a central reference lab and seven subsidiary laboratories along with 215 points of direct client contact. During Q1 FY2025 it tested 1,58,000 samples for 28000 patients and 95.34% of its total revenue was from Kolkata and…

Indian equity markets fell today on November 28, with benchmark indices BSE Sensex and NSE Nifty reversing early gains. Though the indices began on a positive note, regarding the state election results, the downturn was witnessed across the board, especially in the IT and automobile sectors. At 10:45 am, the BSE Sensex was down 557 points or 0.7% at 79,677, while the NSE Nifty slipped 151 points to 24,124. The overall market sentiment remained bullish with 2086 stocks ending higher, 1152 falling and 105 remaining flat. Sectoral Performance IT shares were worst hit as the sectoral index went down by…

The shares of Ola Electric Mobility Ltd., rose by as much as 15% on Wednesday touching its IPO level of ₹76 after it unveiled two of its most affordable electric scooters the Gig and S1 Z series. The announcement reaffirms Ola’s mission of making EVs accessible to everyone in India. The shares of Ola Electric were listed on Friday at ₹77.71 on the Bombay Stock Exchange (BSE), up more than 5 percent from its issue price of ₹73.45. During the day, the stock rose further to the intraday high of ₹84.60, a hike of 15.14% over the previous close. The…

On Wednesday, Adani Group stocks rose with some rising as much as 16% within the intraday trade after Adani Green Energy dismissed bribery allegations against Gautam Adani and other company officials. Adani Total Gas was the standout with a 16% jump, followed by Adani Power and Adani Green Energy with up to 8% appreciation.  The broader group was also up, with shares of Adani Enterprises rallying more than 7% and Adani Wilmar, Adani Ports & Special Economic Zone, Ambuja Cements, ACC, and NDTV gaining up to 5%. Clarification from Adani Green Energy The rise came after Adani Green Energy issued…

The grey market premium (GMP) of C2C Advanced Systems’ IPO plummeted by a whopping 59 percent to its final subscription day; it touched ₹245 on November 24 but fell to ₹100 on November 26. This sharp decline came in the wake of instructions from the SEBI where the defence solutions provider was to appoint independent auditors to conduct the external review of the firm’s account books. The SEBI stepped in after an investor filed a complaint regarding the company due to the alleged lack of transparency in the reports. The IPO attracted a lot of demand at the start with…

Swiggy Instamart has established itself as one of the frontrunners in the quick commerce space in India. By out-competing similar players such as Blinkit, Zepto, BB Now, and Flipkart Minutes, Swiggy delivered orders in as little as 8 minutes on average in the four largest Indian cities, as mentioned in a JP Morgan report. The company claims to deliver the ordered product within 6 minutes, and it does that within the near limit, taking the competition to a whole new level. Further, the report pays much attention to the reliability of Swiggy Instamart, which reveals the difference of a mere…

The Mega IPL Auction 2025 went on in Jeddah on Monday and again witnessed fierce competition and some significant upsets. Day 2 kicked off at 3:30 PM IST, as franchises bought and sold players intending to complete their teams. Indian Premier League’s (IPL) 15 teams including the Royal Challengers Bengaluru (RCB) and Kolkata Knight Riders (KKR) continue to look for leadership in their overhauls. Another big news of the day was the possibility of RCB buying back their former Captain Faf du Plessis. But in an interesting twist, Delhi Capitals successfully bid for du Plessis for ₹2 crore and RCB…

The Nifty IT index reached a new historic high of Rs. 43,751 on November 25th thus offsetting the bearish scenario in the market successfully. The India index has been relatively much stronger on the downside and while the broader market has seen selling pressure the index has bounced strongly 7.46% in November alone. On Monday, November 25, the Nifty IT index closed up nearly 1% and inching closer to the 43,645 high recorded in mid-September . As of 1:15 PM, it was at 43,444 after gaining 0.26% in intraday trade, with seven out of 10 stocks in the index ending…

Indian rupee again depreciated on November 22 to clasping a record low of ₹84.50 against the US dollar due to the high dollar index, heavy FPI selling, and escalating geopolitical risks. The US Dollar Index based on the six major currencies has risen to 3.10% this month to almost reach the highest level seen in nearly two years. The dollar is up due to sound fundamentals in the US economy, as well as anticipated inflationary policies under Trump’s administration. It touched the 52-week High of 107.18 this week based on expectations that the US interest rate will not be changed…

Donald Trump, the president Elect of the United States of America announced on Thursday that he was nominating Pam Bondi a former Florida attorney General as the next US Attorney General. Bondi will be taking the position that was vacated by the withdrawal of Matt Gaetz. Gaetz, a former congressman, resigned from his position after the House Ethics Committee exposed him to embezzlement investigations, which he has denied. Pam Bondi, 59, was the Attorney General of Florida from 2011 to 2019; she was also a part of the legal team representing Trump during the first impeachment trial. She also worked…