Calendar year 2021 (CY21) was one of the most remarkable years for the primary markets where nearly Rs 1.2 trillion was mopped up till early December by 66 companies
For many weeks, the stock of SBI Card has been under corrective mode and has come down from the peak of 1,160 towards the 900 mark.
Post listing, the stock has moved higher by up to Rs 614.95, up 12 per cent against the issue price of Rs 550 per share on the BSE
The risk reward ratio for CEAT looks highly lucrative at current levels to go long for a bounce.
Institutional portion saw only 2.5 times subscription. Overall, the IPO saw bids worth Rs 4,500 crore
'Wealth creation on the ground is clearly visible,' says chairman of company that has an Rs 660-crore IPO
The retail portion of the IPO has already been subscribed nearly 5 times
The Rs 660-crore initial share-sale received bids for 13,600,818 shares against 8,475,000 shares on offer
The company has decided to allocate 35.25 lakh equity shares to 12 anchor investors at Rs 550 apiece, valuing the transaction size at Rs 194 crore
The IPO is entirely an offer for sale of 12 million shares; promoter entities Anand Rathi Financial Services, Anand Rathi and Amit Rathi are selling
FSL is in a secular bull run and is placed above all its major exponential moving averages on the daily time frame
LUPIN has corrected over 25 per cent from its 52 weeks high and is currently placed near its historical demand zone of 900 odd levels
On the daily time frame, the stock of BSE is on the verge of providing an 'Inverted Head & Shoulder' pattern breakout affirming the bullishness
LIC Housing Finance seems to be trading near its multi-year strong demand zone, and charts also indicate formation of likely bottom around Rs 350-360 zone
Rossari Biotech has been in a secular uptrend and is placed well above all the major exponential moving averages on the daily charts
VOLTAS has seen strong reversal candlestick pattern formation near its 200 DEMA on the daily chart on the back of robust volumes, indicating an early sign of reversal in the counter
SBI LIFE has been consolidating in a narrow range near its lifetime high zone from the past few trading weeks, indicating the formation of a strong base before another round of rally
Top buy and sell ideas for the day
The stock of Hindustan Unilever (HUL) is hovering near 21 DEMA
JM FINANCIAL has re-tested the breakout zone of the recently made 'cup & Handle' pattern on the daily chart