Promax Power Ltd News
Ravi Nathani recommends wait-and-watch for Nifty IT, cautious on Auto
Nifty IT index remains range-bound, trading between 44,400 on the upper side and 42,800 on the lower side, while, Nifty Auto index is currently exhibiting a bearish trend in the near term
 "Ravi Nathani recommends wait-and-watch for Nifty IT, cautious on Auto")
NCC, Divi's Labs among top picks by Ajit Mishra of Religare Broking
The markets experienced a volatile session and ended nearly flat, taking a breather after three consecutive days of gains
 "NCC, Divi's Labs among top picks by Ajit Mishra of Religare Broking")
HEG stocks up 32% due to healthy outlook as China tightens graphite grip
Rise has occurred over past 2 days, pushing stock to a 70-month high
 "HEG stocks up 32% due to healthy outlook as China tightens graphite grip")
Nifty Next 50's growth spurt puts Bank Nifty in sights with doubling AUM
Muscles ahead in passive fund arena with AUM more than doubling in past year
 "Nifty Next 50's growth spurt puts Bank Nifty in sights with doubling AUM")
Rising competition putting pressure on stocks of Avenue Supermarts
While the earlier QCom players offered a price advantage to DMart, Flipkart Minutes and Amazon Tez are slightly below DMart on price, while pushing QCom convenience
 "Rising competition putting pressure on stocks of Avenue Supermarts")
Jungle Camps India sets SME IPO price band at Rs 68-72; to open on Dec 10
The Initial Public Offering (IPO) -- to list on BSE Small and Medium Enterprises (SME)-- consists of a fresh issue of 4,086,400 equity shares with a face value of Rs 10 each
 "Jungle Camps India sets SME IPO price band at Rs 68-72; to open on Dec 10")
Sebi issues rules for uniform nomination standards in securities markets
The new rules are aimed at enhancing investor convenience and introducing uniform standards for nomination facilities
 "Sebi issues rules for uniform nomination standards in securities markets")
Return expectations need to be moderated, says Kotak AMC CIO Upadhyaya
Kotak AMC CIO said investors should consider market's long-term behaviour and not focus only on strong returns of last four years
 "Return expectations need to be moderated, says Kotak AMC CIO Upadhyaya")
MFs funding to NBFCs rise almost 47% to Rs 2.33 trillion in Oct 2024
Mutual fund (MF) debt exposure to NBFCs, which includes commercial papers (CPs) and corporate debt, has now remained above Rs 2 trillion for more than half a year
 "MFs funding to NBFCs rise almost 47% to Rs 2.33 trillion in Oct 2024")
Specified digital platforms not obligated to register, clarifies Sebi
Says the association of regulated entities with SDPs will assure that they are in compliance of Sebi's regulations
 "Specified digital platforms not obligated to register, clarifies Sebi")
