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Oriental Carbon & Chemicals shares saw a rise. This happened after Bank of America purchased shares via a block deal. The deal involved 53,428 shares at Rs 289.53 each. The total deal value reached approximately Rs 1.5 crore. The company's stock is currently showing low volatility. However, analysts suggest a potential downside based on target prices.
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Aniruddha Naha of PGIM India AMC remains positive on Indian markets, particularly financials, citing strong macro fundamentals and reasonable valuations. He anticipates FII inflows to initially benefit largecaps, eventually spreading to mid and smallcaps. Naha favors financials (especially NBFCs), capital goods, and discretionary consumption, driven by rate cuts, liquidity, and improved consumption trends.
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Ganga Bath Fittings is set to list on the NSE SME platform after its IPO aimed to raise Rs 32.65 crore. However, the grey market premium indicates a discounted debut, with expectations of opening below the IPO price. The company, a manufacturer of bathroom accessories, plans to use IPO proceeds for capital expenditure and working capital.
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