Shanmuga Hospital is set to be listed on the NSE SME platform, indicating a moderate premium. The IPO funds will enhance medical equipment and general purposes. With advanced medical infrastructure and accreditation, the hospital provides comprehensive and affordable healthcare services, aiming for continuous improvement and wider reach through collaborations.
Royalarc Electrodes' IPO saw a subscription of 1.6 times, debuting on the NSE SME platform today with no grey market premium. Founded in 1996, the company manufactures welding consumables and trades ancillary products. Their advanced facility in Gujarat ensures high-quality standards, supported by a skilled team of 144 employees.
In the Nifty500 pack, nine stocks' close prices crossed above their 200 DMA (Daily Moving Averages) on February 20, according to stockedge.com's technical scan data. The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock. As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend. Take a look:
Sensex and Nifty declined amid fresh tariff threats and weak Asian markets. Focused stocks included Just Dial, Adani Enterprises, and JBM Auto with distinct movements. Analysts suggest buying these stocks at dips for long-term gains, with specific target levels and stop loss points.
In a parallel development, the RBI did not accept bids for the 91-day and 182-day treasury bills at an auction held on Thursday. However, it accepted 7,000 crore worth of bids for the 360-day auction at 6.5638%.
At the Commodity Derivatives Advisory Committee (CDAC) meeting chaired by Sebi chief Madhabi Puri Buch early this week, stock exchanges were directed to submit proposals aligned with contract specifications agreed upon by the market regulator Sebi and Central Electricity Regulatory Commission (CERC), said people aware of the development.
