In past two days, the stock price of Captain Pipes has rallied 20% after the company said its board will meet on January 27 to consider stock split and bonus issue proposal.
The overall sentiment towards the market has remained indecisive and ambiguous, with market participants waiting for a clear direction
Post listing, the stock hit a high of Rs 89.25, up 37 per cent when compared with its issue price of Rs 65 per share.
In past one month, the stock has outperformed the market by surging 20 per cent, as compared to 3 per cent decline in the Sensex.
According to the technical analyst from Anand Rathi, Hind Petro can surge to Rs 278; while SAIL can advance to Rs 97.
According to the technical analyst, the Nifty Private Bank, PSU Bank and Financial Services indices may extend the pullback in the near term.
Stocks to Watch: Infosys and HCL Technologies to announce Q3 results; Sah Polymers to debut on Thursday.
Securitisation volumes for FY23 can reach Rs 1,70 lakh crore, as against Rs 1,26,500 crore in FY22, a domestic rating agency estimated on Wednesday
Financial services company Societe Generale on Wednesday bought ICICI Bank's shares worth over Rs 173 crore through an open market transaction
Sebi has barred 8 entities from the securities markets for up to seven years and imposed penalties totalling Rs 11.5 crore on them in a case related to misuse and diversion of clients' funds
Closing Bell: Sun Pharma claimed the top winner spot on the Sensex with a gain of 1.7 per cent on launching an anti-cancer drug Palbociclib in India for patients with advanced breast cancer
Since the start of the current year, the Nifty Realty pack has remained laggard and traded with a weak bias down 1.5 cent lower so far in 2023.
Higher-than-expected capex, delayed price repair and a lack of 5G monetization should halt the industry wide ROIC repair that the brokerage firm now expects to decline/flat-line over FY23-25.
In past one week, the stock has outperformed the market by surging 25 per cent, as compared to 1.8 per cent decline in the S&P BSE Sensex.
Monnet Power Assets, once operational, will provide an opportunity for the company to improve the heat rate, resulting in lower usage of coal in the power plant, said ICICI Securities in its report.
On the broader market outlook, the technical & derivative analyst from HDFC Securities expects the near term trend on the Nifty to remain bearish as long as the index stays below 18,141.
Shares of Tata Motors surged 7 per cent in Tuesday's intra-day trade to hit a high of Rs 417.7 apiece
CLOSING BELL: Broader markets, too, bled simultaneously in trade as Nifty MidCap 100 and Nifty SmallCap 100 indices fell up to 0.5 per cent
In past 12 trading sessions, the stock has zoomed 44 per cent and now quotes at its highest level since August 2015.
Following a strong close over the 200-DMA set at Rs 2,559, the chart structure of Reliance Industries reveals a "Double Bottom" breakout