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Swastika Castal's Rs 14.07-crore IPO opened on Monday, featuring a fresh issue of 21.64 lakh shares at Rs 65 each. Despite a significant profit jump in FY25, the IPO shows neutral investor sentiment with no grey market premium. Proceeds will fund capital expenditure and working capital, as the company targets growth in the aluminium casting sector.
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News and Media
In the NSE list of stocks with a market cap of over Rs 1000 crore, 10 stocks closed prices crossed above their 200 DMA (Daily Moving Averages) on July 18, 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.Among the notable names that made this move are Capital Small Finance Bank, IG Petrochemicals, NMDC, and Mahindra Lifespace Developers, all of which are now trading above their respective 200-DMA levels.
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News and Media
George Thomas of Quantum AMC advises investors to be selective due to high market valuations, anticipating lower but healthy returns in the coming years. He highlights froth in mid- and small-caps, favoring a bottom-up approach with a focus on auto ancillaries and select FMCG companies.
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News and Media
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