Page 7 - Stock Market Today
Steel price rally likely to lift earnings; MOFSL favours JSW, Tata Steel
MOFSL highlighted JSW Steel and Tata Steel as its top picks, noting that companies with stronger cost positions, captive raw materials and greater value-added exposure should be better positioned to d
 "Steel price rally likely to lift earnings; MOFSL favours JSW, Tata Steel")
Sonaselection IPO gets 'Neutral' rating from analysts on cash flow concerns
Sonaselection India IPO is a book-built issue worth ₹141.57 crore. The issue comprises an entirely fresh issue of 1.43 crore equity shares.
 "Sonaselection IPO gets 'Neutral' rating from analysts on cash flow concerns")
Turtlemint trails IPO price by 10%, but MOFSL sees a turnaround; here's why
MOFSL has set a target price of ₹180 on Turtlemint Fintech Solutions, implying an upside of around 41 per cent from the previous close of ₹127.74.
 "Turtlemint trails IPO price by 10%, but MOFSL sees a turnaround; here's why")
Jatin Gedia decodes what next for Nifty if it breaks below 23,000-mark
Nifty 50's crucial support is at the 23,000 - 23,100 zone. A breach below this could lead to a continuation of the downtrend towards 22,600 - 22,500 zone.
 "Jatin Gedia decodes what next for Nifty if it breaks below 23,000-mark")
Nifty trend remains weak; move above 23,600 key for recovery: Ajit Mishra
Nifty's recovery above the 23,200 level provides some near-term relief; however, the broader structure remains weak.
 "Nifty trend remains weak; move above 23,600 key for recovery: Ajit Mishra")
Steamhouse India shares list with 17% premium over IPO price
Steamhouse India shares opened at ₹94.50, marking a gain of ₹13.50 or 16.67 per cent over the issue price on the NSE.
 "Steamhouse India shares list with 17% premium over IPO price")
Nifty IT slumps 1% as Fed rate hike sparks fresh selling in tech stocks
The weakness in IT stocks was followed by the US Federal Reserve's decision to hike the key lending rate by 0.25 basis points to 3.75-4 per cent.
 "Nifty IT slumps 1% as Fed rate hike sparks fresh selling in tech stocks")
Karamtara Engineering hits 10% upper limit on debut; up 38% from IPO price
Karamtara Engineering shares made a strong debut on the bourses today, yielding a listing gain of 26 per cent to the IPO investors.
 "Karamtara Engineering hits 10% upper limit on debut; up 38% from IPO price")
Rentomojo shares make positive debut, list at nearly 20% premium
Rentomojo shares listed 18.81 per cent higher at ₹480 on BSE and 19.42 per cent higher at ₹482 on NSE.
 "Rentomojo shares make positive debut, list at nearly 20% premium")
LCC Projects shares make strong debut, list at over 31% premium
LCC Projects shares listed 31.4 per cent higher at ₹191 on BSE and 29.45 per cent higher at ₹189 on NSE.
 "LCC Projects shares make strong debut, list at over 31% premium")
Radico Khaitan among 3 stock ideas for today by Bonanza's Kunal Kamble
Tata Communications, PVR INOX and Radico Khaitan are showing bullish technical setups, backed by breakouts, support-based reversals and improving momentum indicators.
 "Radico Khaitan among 3 stock ideas for today by Bonanza's Kunal Kamble")
Stock Market Close: Sensex gains 333 pts, Nifty settles at 23,218; Nifty FMCG rises nearly 2%
Sensex Today | Stock Market Highlights, Wednesday: In the broader markets, the Nifty MidCap and the Nifty SmallCap fell 0.01 per cent and 0.18 per cent, respectively
 "Stock Market Close: Sensex gains 333 pts, Nifty settles at 23,218; Nifty FMCG rises nearly 2%")
Paytm, Pine Labs: Jefferies, Goldman decode MDR impact on UPI payments
Jefferies said that MDR on UPI comes ahead of estimates and is "higher than expectations" of 25bps, while Emkay Global believes that this development lifts the revenue pool for the industry.
 "Paytm, Pine Labs: Jefferies, Goldman decode MDR impact on UPI payments")
IPO GMP check: LCC leads, Manipal Payment lags as 6 offers gear up to list
Among the six IPOs listing on Thursday, LCC Projects has the highest GMP at ₹46.
 "IPO GMP check: LCC leads, Manipal Payment lags as 6 offers gear up to list")
Jindal Supreme IPO: Brokerages largely bullish, see strong growth trend
Master Trust highlighted the company's long operating history, dealer network and exposure to rising domestic and export demand, while Swastika Securities assigned a 'Subscribe' rating.
 "Jindal Supreme IPO: Brokerages largely bullish, see strong growth trend")
Groww shares fall over 4% after block deal; most active stock on NSE
According to Bloomberg data, as many as 100.2 million (10.02 crore) Groww shares changed hands in a block deal.
 "Groww shares fall over 4% after block deal; most active stock on NSE")
Kanohar Electricals shares make positive debut, list at nearly 9% premium
Kanohar Electricals shares made a positive debut on the bourses on Wednesday, listing at a premium of nearly 9 per cent.
 "Kanohar Electricals shares make positive debut, list at nearly 9% premium")
Prasol Chemicals shares make weak debut, list at nearly 10% discount
Prasol Chemicals shares listed 9.62 per cent lower at ₹611 on BSE and 9.76 per cent lower at ₹610 on NSE.
 "Prasol Chemicals shares make weak debut, list at nearly 10% discount")
Hero Motors IPO review: Why are analysts rating it 'Neutral'? GMP at 28%
Hero Motors IPO review: Analysts have assigned a 'Neutral' rating to the Hero Motors IPO despite the company reporting strong profit growth, even as revenue expansion remains modest.
 "Hero Motors IPO review: Why are analysts rating it 'Neutral'? GMP at 28%")
Tata Investment among 3 stocks flashing strong signals on charts: Analyst
Gujarat Pipavav Port, Aegis Vopak Terminals and Tata Investment Corporation are showing bullish technical setups, backed by breakouts, improving momentum and strong participation.